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Duplex with Two Residential Units
For Sale
$182,500

2005 7th Ave, Mankato, MN 56001

Two-unit residential property supports rental income or an owner-occupant arrangement near everyday amenities.

Property Size1,714 SF
Price / SF$106.48
Days on Market45

Property Features for 2005 7th Ave

General Information

Standard status Active
Size 1,714 SF
Property subtype Multi-Family

Building Details

Year Built 1881
Tenancy Multi
Listing Agency: Century 21 Atwood
Listed By: Candee Deichman · License #40383097
Source: Bradadamrealty
Added: Jul 19 Changed: Aug 28 Last Checked: Aug 31 at 7:24PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Atwood

Investment Insights

Based on property information with market context.

This duplex contains two residential units within 1,714 square feet and was built in 1881. The property offers functional living areas in each unit, with room for updates and improvements based on the buyer’s plans. Its two-unit configuration can accommodate rental operations or an owner-occupant arrangement.

The property is located in Mankato near shopping, dining, parks, and schools. The existing layout provides a practical foundation for continued residential income use, subject to the buyer’s renovation and operating strategy.

Key Highlights

  • Two‑unit duplex configuration
  • 1,714 square feet of property size
  • Built in 1881

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Pharmacy Bakery Veterinary Clinic Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

291
Businesses Nearby

Demographics for 56001, MN

50,729
Population
21,583
Households
2.4
Avg Household Size
30
Median Age
37%
College-Educated
94%
High-School Grad
114.5 sq mi
ZIP Area
443
Density / Sq Mi
$67,224
Median Household Income
$29,122
Median Earnings
$1,088
Median Rent
$263,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit residential property supports rental income or an owner-occupant arrangement near everyday amenities.
Where is this duplex located?
The property is located at 2005 7th Ave Mankato, MN.
What is the asking price?
The asking price for this property is $182,500.
What are key features of this property?
This property features: Two‑unit duplex configuration; 1,714 square feet of property size; Built in 1881
More about this property
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