Multifamily Apartment
160 Homestead Road Mankato, MN 56001
160 Homestead Road, Mankato, MN, 56001
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For Sale
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72-unit multifamily property with strong occupancy and convenient access via major highways near Minnesota State University, Mankato.
Property Size81,900 SF
Days on Market40
Property Features for 160 Homestead Road
General Information
- Standard status
- Active
- Size
- 81,900 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1993
Listing Agency
NAI North Star
(507) 380-7340
Listed by
Daniel Sprague · License #MN 40809388
Source
Crexi
Added: Jun 11 Checked: Jul 19 at 8:28 am
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
Investment Insights
Based on property information with market context.
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.
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.
Key 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
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Blue Heron Apartments
Apartment Building
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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
