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Duplex with Rented Parking and Garage
For Sale
$500,000

520 S 2nd Street, Mankato, MN 56001

MULTI_FAMILY - Mankato, MN

Property Size3,000 SF
Lot Size0.24 Acres
Price / SF$166.67
Days on Market55

Property Features for 520 S 2nd Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description Business/Commercial, Residential-Multi-Family
Bedrooms 9
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 9, Bathroom 4, Bedroom 2, Bathroom 1, Basement, Bedroom 3, Bedroom 7, Bathroom 5, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 8, Bedroom 5, Bedroom 6
Parking features Parking Lot, Assigned
Exterior features Brick/Stone, Stucco
Subdivision Auditors 1
High school district Mankato
Directions Warren St to 2nd Street
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
Listing Agency: RE/MAX Results · RE/MAX International
Listed By: Kevin Goettl · License #MN 95340
Added: Jun 24 Changed: Aug 1 Last Checked: Aug 17 at 2:06PM
MLS# 7098936

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.

Investment Insights

Based on property information with market context.

This duplex at 520 S 2nd Street offers a residential layout with nine bedrooms and four bathrooms. The exterior features brick/stone and stucco construction, and the home has forced air and baseboard heating. Parking is provided in a parking lot with assigned spaces, and the property includes rented parking spaces and a rented garage. Room and layout depth includes a basement and multiple bedrooms and bathrooms throughout.

The property is located in an opportunity zone and is zoned CBDF, a central business district fringe designation. The zoning supports commercial or residential use.

Built in 1884, this is a smaller footprint duplex site with a total property size of 3,000 square feet and a 0.239-acre lot, offering a compact configuration for tenants or residents who can take advantage of the onsite parking and garage access.

Key Highlights

  • Zoned CBDF (central business district fringe) with commercial or residential use
  • Opportunity zone designation
  • Nine bedrooms and four bathrooms

Property Analytics

Current Use

Psychic energy Spiritual Center

Suggested Use

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

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

1,716
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?
Duplex - Duplex zoned CBDF with brick and stucco exterior, multiple bedrooms and bathrooms, and parking plus a rented garage.
Where is this duplex 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: Zoned CBDF (central business district fringe) with commercial or residential use; Opportunity zone designation; Nine bedrooms and four bathrooms
More about this property
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