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8-Unit Apartment Building

415 S Broad Street, Mankato, MN 56001

For Sale
$2,000,000

COMMERCIAL, Mankato, MN

Property SizeContact for details
Days on Market136

Property Features for 415 S Broad Street

General Information

Property type Commercial Sale
Property subtype Other
Elementary school district Mankato #77
Middle school district Mankato #77
High school district Mankato #77
Subdivision MANKATO CENTRAL
Standard status Active
APN R01.09.18.176.011

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2026
Tax Description WARRENS ADD 003 010 00
Tax Annual Amount 21668
Legal Description WARRENS ADD 003 010 00

Building Details

Year built 1900
Buildings 1
Listing Agency: Keller Williams Premier Realty · Keller Williams Realty
Listed By: SHAWNA WOLFE · License MN #20215401
Added: Jun 30 Changed: Oct 27 Last Checked: Nov 12 at 8:06AM
MLS# 267041075

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.

Rey
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Investment Insights

Based on property information with market context.

This 8-unit apartment property at 415 S Broad Street includes a mix of four- and five-bedroom residences. Built in 1900, it is fully leased till 7-14-2027.

The property is close to Minnesota State University, Mankato, local amenities, and transit routes. Its bedroom mix supports both student and family occupancy.

Key Highlights

  • 8‑unit apartment property
  • Mix of 4- and 5‑bedroom residences
  • Fully leased till 7‑14‑2027

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

8
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,673
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

Frequently Asked Questions

What type of property is this?
Apartment building - A mix of four- and five-bedroom residences supports student and family occupancy.
Where is this apartment building located?
The property is located at 415 S Broad Street Mankato, MN.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 8‑unit apartment property; Mix of 4- and 5‑bedroom residences; Fully leased till 7‑14‑2027
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