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    Multifamily Apartment Community Title is generated by Realmo AI

    160 Homestead Road, Mankato, MN 56001

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    72-unit multifamily property with strong occupancy and convenient access via major highways near Minnesota State University, Mankato.

    Type:Multifamily
    Property size:
    81,900 SF
    Added:
    Jun 11, 2026
    Days on Market:
    17
    Last Refresh:
    Jun 20 at 5:18 am

    Property Features for 160 Homestead Road

    General Information

    Standard status
    Active
    Size
    81,900 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1993

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    Daniel Sprague
    Daniel Sprague

    Listing office NAI North Star

    Listing date Jun 11, 2026

    Source Crexi

    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 NAI North Star

    HighLights

    • Gray Hawk Apartments is a 72‑unit multifamily community built in 1993
    • High in‑place occupancy reported at nearly 99%
    • Located along Homestead Road in Mankato with quick access to Highways 14 and 169
    • Close drive to Minnesota State University, Mankato, a key rental‑demand driver
    • Select unit types report current rents below market, indicating room to increase revenue

    Overview

    Gray Hawk Apartments is a 72-unit multifamily community presented for sale as a well-maintained, income-producing asset. The property offers an established unit mix and is described as operating at high occupancy, with demonstrated occupancy near 99%. The seller notes that current rents are below market in select unit types, which may support future revenue improvement through rent adjustments and continued operational efficiencies.

    The community is located along Homestead Road in Mankato, MN, in a quiet residential setting with access to everyday amenities such as shopping, dining, and parks. The property is minutes from Highway 14 and Highway 169, supporting regional connectivity. Minnesota State University, Mankato is described as a short drive away and is identified as a major driver of rental demand in the area.

    For investors seeking a stabilized multifamily holding, Gray Hawk Apartments combines consistent in-place occupancy with a noted opportunity to address rent levels in select units. Its location and accessibility to employment and transportation corridors may appeal to tenants looking for convenience while remaining within a residential neighborhood context. The property is positioned as an asset suitable for private and institutional investors seeking scale in Southern Minnesota.
    Location Intelligence

    Current Use by Public Records

    Blue Heron Apartments Apartment Building

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    Nicollet
    State
    Minnesota
    Longitude
    -93.987943
    Latitude
    44.149128

    FAQs

    What type of property is this?
    Apartment building - 72-unit multifamily property with strong occupancy and convenient access via major highways near Minnesota State University, Mankato.
    Where is this apartment building located?
    The property is located at 160 Homestead Road Mankato, MN.
    What are key features of this property?
    This property features: Gray Hawk Apartments is a 72‑unit multifamily community built in 1993; High in‑place occupancy reported at nearly 99%; Located along Homestead Road in Mankato with quick access to Highways 14 and 169
    (507) 380-7340 Call to check price and availability
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