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Two-Unit Duplex with Updates
For Sale
$205,000

1404 N 5th St, Mankato, MN 56001

Two residences include coin-operated laundry, shared porch access, and off-street parking.

Property Size1,557 SF
Price / SF$131.66
Days on Market19

Property Features for 1404 N 5th St

General Information

Standard status Active
Size 1,557 SF
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $2,600

Amenities

coin-operated laundry
open porch

Building Details

Tenancy Multi
Listing Agency: Bridge Realty, LLC
Listed By: Raice King · License #40812586
Source: Exprealty
Added: Jul 20 Changed: Aug 2 Last Checked: Aug 2 at 2:21AM

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 Bridge Realty, LLC

Investment Insights

Based on property information with market context.

This two-unit duplex includes a two-bedroom, one-bath residence on the main floor and a one-bedroom, one-bath residence above. The lower unit has coin-operated laundry in the basement, while both residences connect to an open porch and off-street parking. The upper unit includes a stove and refrigerator, and the lower unit has a recently replaced bathtub.

Key improvements include a new roof installed in June 2023, an energy-efficient furnace added in 2022, and a water heater replaced in May 2024. The property is offered in as-is condition and is located at 1404 N 5th St in Mankato, Minnesota.

Key Highlights

  • Two‑unit duplex with a 2‑bedroom, 1‑bath main‑floor residence
  • Upper‑level 1‑bedroom, 1‑bath unit with living space
  • Coin‑operated laundry located in the basement

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Grocery & Convenience Store Barber Shop Carpet & Flooring Store Electrical Service

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

903
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 residences include coin-operated laundry, shared porch access, and off-street parking.
Where is this duplex located?
The property is located at 1404 N 5th St Mankato, MN.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Two‑unit duplex with a 2‑bedroom, 1‑bath main‑floor residence; Upper‑level 1‑bedroom, 1‑bath unit with living space; Coin‑operated laundry located in the basement
More about this property
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