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    Nine-Bedroom Residential Income Property Title is generated by Realmo AI

    520 S 2nd Street, Mankato, MN 56001

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    For Sale
    $500,000

    MULTI_FAMILY - Mankato, MN

    Property size:
    3,000 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $166/SF
    Added:
    Jun 24, 2026
    Days on Market:
    10
    Last Refresh:
    Jul 3 at 6:06 am

    Property Features for 520 S 2nd Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    9
    Bathrooms
    5
    Rooms
    Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 2, Basement, Bathroom 4, Bedroom 5, Bedroom 4, Bedroom 7, Bathroom 5, Bedroom 9, Bathroom 2, Bedroom 8, Bedroom 6, Bathroom 1
    Parking features
    Parking Lot, Assigned
    Exterior features
    Brick/Stone, Stucco
    Standard status
    Active
    APN
    R010918106027
    Size
    3,000 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    5410

    Utilities

    Heating system
    Baseboard, Forced Air

    Building Details

    Year built
    1884

    We can help!

    Contact an agent
    Kevin Goettl
    Kevin Goettl

    Listing agent Kevin Goettl License #MN 95340

    Listing office RE/MAX Results 15451 Founders Lane, Eden Prairie, MN

    Listing date Jun 24, 2026

    MLS# 7098936 Listing URL

    Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Nine bedrooms and four bathrooms in the home
    • Zoned CBDF—central business district fringe, supporting commercial or residential use
    • Rented parking spaces and a rented garage
    • Exterior features include brick/stone and stucco
    • Heating includes forced air and baseboard
    • Year built: 1884

    Overview

    This residential income property is offered for sale with a layout built around nine bedrooms and four bathrooms. The property includes rented parking spaces and a rented garage, supporting tenant-focused off-street options. The lot size is 0.239 acres, and the building size is listed at 3,000 square feet.

    Located at 520 S 2nd Street in Mankato, Minnesota, the property sits within an Opportunity Zone. Zoning is CBDF—central business district fringe—and the listing notes it is zoned for commercial or residential use. The seller indicates a flexible approach to terms, including the possibility of a lease option or a contract for deed.

    For tenants, buyers, or operators looking for a multi-bedroom residential setup, the unit count and bathroom configuration are clear considerations. The inclusion of rented parking and a rented garage may help reduce friction around vehicle needs. Given the CBDF zoning and the stated flexibility around contract structure, this property may also fit parties evaluating either residential-oriented occupancy or commercial/residential mixed use under applicable rules.
    Property Profile Location Intelligence

    Current Use by Public Records

    Psychic energy Spiritual Center

    Suggested Use

    Barber Shop Carpet & Flooring Store Storage Facility Nursing Home (Bike/Boat/Book/etc) Store Mobile Phone Store Pet Grooming Service Nursing Home Locksmith Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    Nicollet
    State
    Minnesota
    Longitude
    -94.005939
    Latitude
    44.16267

    FAQs

    What type of property is this?
    Single family property - Income-focused residential property with nine bedrooms, plus rented parking and a rented garage.
    Where is this single family property located?
    The property is located at 520 S 2nd Street Mankato, MN.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Nine bedrooms and four bathrooms in the home; Zoned CBDF—central business district fringe, supporting commercial or residential use; Rented parking spaces and a rented garage
    More about this property
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