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Quadplex with Rooftop Deck
For Sale
$1,195,000

412 Holly Lane, Mankato, MN 56001

MULTI_FAMILY - Mankato, MN

Property SizeContact for details
Lot Size0.44 Acres
Days on Market127

Property Features for 412 Holly Lane

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 12
Bathrooms 8
Full bathrooms 8
Rooms Bedroom 12, Bedroom 9, Bathroom 1, Bathroom 2, Bedroom 8, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 6, Bedroom 7, Bathroom 5, Bedroom 1, Bedroom 11, Bathroom 6, Bedroom 5, Bathroom 4, Bedroom 10, Bathroom 8, Bedroom 3, Bathroom 7
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

private rooftop deck
single-stall garage

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: Aug 3 Last Checked: Aug 7 at 11:06AM
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.

Fully renovated and fully occupied four-unit townhome quadplex offering immediate income stability. Each unit features three bedrooms and has been updated throughout, including stainless steel appliances, updated plumbing and lighting, new fixtures, and interior finishes such as tile flooring, plush carpet, and fresh paint. Kitchens include new cabinetry and granite countertops, while bathrooms feature updated marble vanities.

The property includes high-efficiency mechanicals with a furnace, A/C condenser, and a tankless water heater, plus each unit has its own high-efficiency washer and dryer. Additional features include a single-stall garage with keyless entry and a private rooftop deck with maintenance-free decking. Tenants are responsible for all utilities.

Set on a 0.44-acre lot in Mankato, MN, the property also includes an asphalt driveway and forced-air heating.

Key Highlights

  • Fully occupied four‑unit quadplex townhome property
  • Each unit includes three bedrooms and its own high‑efficiency washer and dryer
  • Tankless water heater plus high‑efficiency furnace and A/C condenser

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Electrical Service Garden Center Locksmith Storage Facility 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

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

964
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

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Quadplex - Fully renovated, fully occupied four-unit townhome offers each unit three bedrooms plus a private rooftop deck 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: Fully occupied four‑unit quadplex townhome property; Each unit includes three bedrooms and its own high‑efficiency washer and dryer; Tankless water heater plus high‑efficiency furnace and A/C condenser
More about this property
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