Five-Unit Rental Property with
229 Locke Street Mankato, MN 56001
New
For Sale
$250,000
MULTI_FAMILY - Mankato, MN
Lot Size0.19 Acres
Days on Market4
Property Features for 229 Locke Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 4, Basement, Bathroom 1
- Patio and Porch features
- Porch, Deck
- Interior features
- Main Floor Laundry
- Exterior features
- Balcony, Deck, Driveway - Concrete, Porch
- Basement
- Unfinished
- Standard status
- Active
- APN
- R01.09.18.305.007
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- WARRENS SECOND ADD S43FT OF 5 & N26FT OF 006 024 00
- Tax Annual Amount
- 2704
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1890
- Floors in Building
- 2
- Number of units
- 1
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency:
Keller Williams Premier Realty
(504) 742-4442
Listed By:
Rachael Hansen-Miller
(507) 382-3815
Added: Jul 20
Changed: Jul 23
Last Checked: Jul 23 at 7:06PM
MLS# 267040989
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 five-unit rental property features five unrelated rental licenses and a practical layout built around generous interior living space, including a large kitchen/dining area and additional living areas. The property includes versatile occupancy options and has four bedrooms.
The listing notes close proximity to MSU, Bethany, and downtown Mankato, supported by the property’s central location within Mankato. Off-street parking is available with five parking spots.
The seller’s remarks also state that tenants have paid all utilities in the past, which may be of interest to investors evaluating current operating structure. The property sits on a 0.19-acre lot.
The listing notes close proximity to MSU, Bethany, and downtown Mankato, supported by the property’s central location within Mankato. Off-street parking is available with five parking spots.
The seller’s remarks also state that tenants have paid all utilities in the past, which may be of interest to investors evaluating current operating structure. The property sits on a 0.19-acre lot.
Key Highlights
- Built in 1890 with 4 bedrooms and 2 bathrooms, plus a basement
- Forced‑air heating
- Main floor laundry
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
FAQs
What type of property is this?
Residential income property - Five unrelated rental-licensed units with off-street parking and large shared living and kitchen/dining spaces.
Where is this residential income property located?
The property is located at 229 Locke Street Mankato, MN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Built in 1890 with 4 bedrooms and 2 bathrooms, plus a basement; Forced‑air heating; Main floor laundry
