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Fully Renovated 4-Unit Townhome
For Sale
$1,195,000

412 Holly Ln, Mankato, MN 56001

Four fully renovated townhome units are each occupied and feature 3 bedrooms, in-unit laundry, and updated finishes.

Property Size6,528 SF
Price / SF$183.06
Days on Market165

Property Features for 412 Holly Ln

General Information

Standard status Active
Size 6,528 SF
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $10,694
Listing Agency: Keller Williams Premier Realty
Listed By: SHAWNA WOLFE · License #20215401
Source: Exprealty
Added: Apr 3 Changed: Sep 11 Last Checked: Sep 13 at 2:47PM

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 Keller Williams Premier Realty

Investment Insights

Based on property information with market context.

This fully renovated, fully occupied four-unit townhome property provides immediate residential income. Each spacious unit includes 3 bedrooms and has been updated from top to bottom with stainless steel appliances, new fixtures, fresh paint, and new interior finishes including tile flooring, plush carpet, and updated kitchens with new cabinetry and granite countertops. Bathrooms feature updated marble vanities, and each unit includes its own high-efficiency washer and dryer. Mechanical and utility improvements include updated plumbing and lighting, high-efficiency furnace and A/C condenser, and a tankless water heater.

Additional conveniences include a single-stall garage with keyless entry for each unit and a private rooftop deck with maintenance-free decking. The property is designed so tenants are responsible for all utilities.

Overall, the building is configured as four self-contained townhome units with dedicated laundry, garage access, and rooftop deck space.

Key Highlights

  • 1969‑built 4‑unit townhome property with all units fully renovated and currently fully occupied
  • Each unit offers 3 bedrooms and includes in‑unit washer and dryer
  • Recent updates include stainless steel appliances, updated plumbing and lighting, and new fixtures throughout

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.

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
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 - Four fully renovated townhome units are each occupied and feature 3 bedrooms, in-unit laundry, and updated finishes.
Where is this quadplex located?
The property is located at 412 Holly Ln 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: 1969‑built 4‑unit townhome property with all units fully renovated and currently fully occupied; Each unit offers 3 bedrooms and includes in‑unit washer and dryer; Recent updates include stainless steel appliances, updated plumbing and lighting, and new fixtures throughout
More about this property
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