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Updated 3-Unit Triplex
New
For Sale
$350,000

409 Sherman St, North Mankato, MN 56003

Three renovated apartments provide a consistent two-bedroom, one-bathroom layout across the property.

Property Size2,184 SF
Price / SF$160.26
Days on Market7

Property Features for 409 Sherman St

General Information

Standard status Active
Size 2,184 SF
Property subtype Residential Income

Units

Unit Mix 3 x 2BR/1BA
Multifamily Units 3

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $4,585
Listing Agency: eXp Realty
Listed By: Kenneth Hauschild
Source: Exprealty
Added: Oct 9 Changed: Oct 11 Last Checked: Oct 15 at 1:24AM

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 eXp Realty

Investment Insights

Based on property information with market context.

This triplex contains 2,184 square feet and is arranged as three apartments, each with two bedrooms and one bathroom. Recent updates have been completed, providing a refreshed multifamily property with a consistent unit mix.

The property is at 409 Sherman Street in North Mankato, Minnesota. Its location offers access to major highways, shopping, dining, and local amenities.

Key Highlights

  • Three apartments, each with 2 bedrooms and 1 bathroom
  • 2,184‑square‑foot triplex
  • Recent property updates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Storage Facility Carpet & Flooring Store Dental Office Barber Shop Veterinary Clinic Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

620
Businesses Nearby

Demographics for 56003, MN

15,221
Population
6,543
Households
2.3
Avg Household Size
38
Median Age
43%
College-Educated
98%
High-School Grad
44.0 sq mi
ZIP Area
346
Density / Sq Mi
$80,587
Median Household Income
$46,544
Median Earnings
$920
Median Rent
$260,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three renovated apartments provide a consistent two-bedroom, one-bathroom layout across the property.
Where is this triplex located?
The property is located at 409 Sherman St North Mankato, MN.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Three apartments, each with 2 bedrooms and 1 bathroom; 2,184‑square‑foot triplex; Recent property updates
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