Listing Agency: RE/MAX DYNAMIC AGENTS c***@mankatocre.com Show Phone

Listed By: CARLOS A CARRERA · License #20451253 Show Phone

Source: Exprealty

Added: May 22 Changed: Aug 1 Last Checked: Aug 11 at 10:00AM

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Investment Insights

Based on property information with market context.

Located at 414 Madison Ave in Mankato, this 1,456-square-foot duplex is licensed for two residential units. The property is currently leased, with occupants responsible for utility expenses. Its two-unit configuration provides a straightforward multifamily format for continued rental operation.

Key Highlights

• Licensed for two residential units
• 1,456 square feet
• Currently leased

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Grocery & Convenience Store Locksmith (Bike/Boat/Book/etc) Store Carpet & Flooring Store Restaurant Barber Shop

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

911

Businesses Nearby

Explore this area Business Placement

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

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Currently leased with tenants responsible for utility costs.

Where is this duplex located?

The property is located at 414 Madison Ave Mankato, MN.

What is the asking price?

The asking price for this property is $228,000.

What are key features of this property?

This property features: Licensed for two residential units; 1,456 square feet; Currently leased