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4-Unit Quadplex with Rooftop Deck
For Sale
$1,195,000

412 Holly Lane, Mankato, MN 56001

MULTI-FAMILY, 4-plex, Mankato, MN

Property SizeContact for details
Lot Size0.44 Acres
Days on Market186

Property Features for 412 Holly Lane

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 11
Bathrooms 8
Full bathrooms 8
Rooms Bedroom 6, Bathroom 2, Bedroom 2, Bathroom 7, Bedroom 4, Bedroom 5, Bedroom 3, Bathroom 1, Bathroom 4, Bathroom 5, Bedroom 11, Bedroom 1, Bedroom 10, Bedroom 7, Bedroom 8, Bathroom 3, Bedroom 9, Bathroom 6, Bathroom 8
Exterior features Balcony, Driveway - Asphalt
Basement Concrete
Elementary school district Mankato #77
Middle school district Mankato #77
High school district Mankato #77
Directions Victory to Holly Lane
Subdivision MANKATO HILLTOP
Standard status Active
APN R01.09.16.102.005
Lot size 0.44 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description SCHEURERS SUNRAY ADD #3 LOT 5 & N2 OF 006 002 00
Tax Annual Amount 10694
Legal Description SCHEURERS SUNRAY ADD #3 LOT 5 & N2 OF 006 002 00

Utilities

Heating system Forced Air

Amenities

washer/dryer
rooftop deck

Building Details

Floors in Building 2
Number of units 4
Architectural style Other
Listing Agency: Keller Williams Premier Realty · Keller Williams Realty
Listed By: SHAWNA WOLFE · License #20215401
Added: Apr 3 Changed: Oct 1 Last Checked: Oct 5 at 9:06PM
MLS# 7039849

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 four-unit quadplex is fully occupied, with three bedrooms in each residence. Renovations include updated kitchens with granite countertops and new cabinetry, marble bathroom vanities, tile and carpet flooring, fresh paint, and updated plumbing, lighting, and fixtures. Each unit has a washer and dryer, while high-efficiency mechanicals include a furnace, A/C condenser, and tankless water heater. The property also features a single-stall garage with keyless entry and maintenance-free rooftop decking.

The property occupies a 0.44-acre site. Tenants are responsible for all utilities.

Key Highlights

  • Four occupied units, each with three bedrooms
  • 0.44‑acre site
  • Updated kitchens with granite countertops and new cabinetry

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Electrical Service Garden Center Storage Facility Locksmith Law Firm

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

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

967
Businesses Nearby

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
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?
Quadplex - All four residences are occupied and offer three bedrooms, updated interiors, and in-unit laundry.
Where is this quadplex located?
The property is located at 412 Holly Lane Mankato, MN.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Four occupied units, each with three bedrooms; 0.44‑acre site; Updated kitchens with granite countertops and new cabinetry
More about this property
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