Six-Unit Apartment
For Sale
$599,000
221 E Walnut Street, Mankato, MN 56001
MULTI-FAMILY, Apartment Building (L), Mankato, MN
Property SizeContact for details
Lot Size0.68 Acres
Days on Market168
Property Features for 221 E Walnut Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
6
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 1, Bathroom 4, Bedroom 6, Bathroom 2, Bedroom 5, Basement, Bedroom 2
Basement
Block
Elementary school district
Mankato #77
Middle school district
Mankato #77
High school district
Mankato #77
Directions
2nd Street to Walnut
Subdivision
MANKATO CENTRAL
Standard status
Active
APN
R01.09.18.129.005
Lot size
0.68 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
CITY OF MANKATO W45' OF E122.5' OF 010 028 00
Tax Annual Amount
5668
Legal Description
CITY OF MANKATO W45' OF E122.5' OF 010 028 00
Utilities
Heating system
Oil
Amenities
secure common entrance
Building Details
Floors in Building
2
Number of units
6
Architectural style
Other
Listing Agency:
Keller Williams Premier Realty · Keller Williams Realty
(504) 742-4442
Listed By:
SHAWNA WOLFE · License #20215401
(507) 420-1877
Added: Apr 1
Changed: Sep 15
Last Checked: Sep 15 at 6:06AM
MLS# 7039850
Copyright © 2026 Realtor Association of Southern Minnesota. 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 six-unit apartment property is fully leased and positioned on a 0.68-acre site in downtown Mankato. The building includes a secure shared entrance, baseboard heating, separate electrical meters, energy-efficient windows, and a newer roof. The six residential units are supported by individual electrical metering, while the common entry provides controlled access to the interior. Located at 221 E Walnut Street, the property offers an established apartment configuration within the Mankato market. The recorded room information includes six bedrooms, four bathrooms, and a basement, providing additional detail on the building’s existing layout.
Key Highlights
- Six‑unit apartment building
- Fully leased residential property
- 0.68‑acre site in downtown Mankato
Property Analytics
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Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,784
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased residential income property with updated building components and controlled common access in downtown Mankato.
Where is this apartment building located?
The property is located at 221 E Walnut Street Mankato, MN.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Six‑unit apartment building; Fully leased residential property; 0.68‑acre site in downtown Mankato
