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Updated Two-Unit Duplex
For Sale
$205,000

1404 N 5th Street, Mankato, MN 56001

Residential Income, Mankato, MN

Property Size1,557 SF
Lot Size0.10 Acres
Price / SF$131.66
Days on Market50

Property Features for 1404 N 5th Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1, Basement
Parking features Driveway
Exterior features Slate
Subdivision Dukes Add
High school district Mankato
Directions From Riverfront Drive, go SOUTH on Thompson Street. Take a LEFT on N 5th St. Property will be the 1st one on your left.
Standard status Active
APN R010908111018
Size 1,557 SF
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 2600

Utilities

Heating system Forced Air

Amenities

coin-operated laundry
open porch

Building Details

Year built 1886
Listing Agency: Bridge Realty, LLC
Listed By: Raice King · License #40812586
Added: Jul 18 Changed: Sep 5 Last Checked: Sep 5 at 5:06AM
MLS# 7112014

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1,557-square-foot duplex at 1404 N 5th Street includes two residential units within an 1886-built property. The main-floor residence has two bedrooms, one bathroom, living space, and coin-operated laundry in the basement. The upper unit provides one bedroom, one bathroom, and a living area. Both residences connect to an open porch, while driveway parking is available on site.

Recent improvements include a roof installed in June 2023, an energy-efficient furnace added in 2022, and a water heater replaced in May 2024. The upper unit includes a stove and refrigerator, and the lower unit has a recently replaced bathtub. The property is offered as-is on a 0.099-acre lot in Mankato, MN.

Key Highlights

  • Two‑unit duplex with a 2‑bedroom main‑floor residence and 1‑bedroom upper unit
  • 1,557 square feet on a 0.099‑acre lot
  • New roof installed in June 2023

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

566
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
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two residential units offer shared porch access, driveway parking, and basement laundry serving the main-floor residence.
Where is this duplex located?
The property is located at 1404 N 5th Street 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 main‑floor residence and 1‑bedroom upper unit; 1,557 square feet on a 0.099‑acre lot; New roof installed in June 2023
More about this property
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