Six-Unit Apartment
For Sale
$599,000
221 E Walnut Street, Mankato, MN 56001
MULTI_FAMILY - Mankato, MN
Lot Size0.68 Acres
Days on Market122
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
Bedroom 6, Basement, Bedroom 4, Bedroom 1, Bathroom 3, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 2, Bathroom 4
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: Jul 30
Last Checked: Jul 31 at 11:06PM
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.
Six-unit apartment building in downtown Mankato, MN. The property is fully leased and includes six bedrooms and multiple bathrooms across the unit layout, with a basement and secure common entrance.
The building features a newer roof and energy-efficient windows. Heating is provided by oil baseboard heat, and each unit is served by separate electrical meters, supporting more independent utility management.
Set on a 0.68-acre lot, the property’s main shared-entry setup is designed for controlled access, with a secure common entrance for residents.
The building features a newer roof and energy-efficient windows. Heating is provided by oil baseboard heat, and each unit is served by separate electrical meters, supporting more independent utility management.
Set on a 0.68-acre lot, the property’s main shared-entry setup is designed for controlled access, with a secure common entrance for residents.
Key Highlights
- Fully leased six‑unit apartment building in downtown Mankato
- Newer roof and energy‑efficient windows
- Oil baseboard heat
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,740
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
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 six-unit property with a newer roof, energy-efficient windows, baseboard heat, and separate electrical meters.
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: Fully leased six‑unit apartment building in downtown Mankato; Newer roof and energy‑efficient windows; Oil baseboard heat
