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Student Housing Apartment Buildings
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Pending

527/529 S 5th Street, Mankato, MN 56001

Student-oriented housing package near campus and downtown with bus service directly outside the property.

Property SizeContact for details
Days on Market144

Property Features for 527/529 S 5th Street

General Information

Standard status Pending
Property subtype Multifamily
Occupancy 100%

Units

Unit Mix 1 x 5BR/3BA, 1 x 5BR/2BA, 4 x studio
Multifamily Units 6

Additional Details

Public Transit Yes
Listing Agency: RE/MAX Results
Listed By: Kevin Goettl · License #MN 95340
Source: Crexi
Added: Apr 12 Changed: Sep 2 Last Checked: Sep 1 at 5:46PM

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 RE/MAX Results

Investment Insights

Based on property information with market context.

This apartment-building package comprises two identified addresses with distinct residential configurations. 527 offers five bedrooms and three baths, while 529 contains five bedrooms, two baths, and four studio apartments. The property is positioned for student housing and provides multiple unit formats within the package.

The site is within walking distance of campus and downtown Mankato. City bus service stops in front of the property, providing an additional transportation option. All units were leased through July 2021, according to the provided property information.

Key Highlights

  • 527 includes five bedrooms and three baths
  • 529 includes five bedrooms, two baths, and four studio apartments
  • Student housing within walking distance of campus and downtown

Property Analytics

Current Use

Apartment buildings

Suggested Use

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

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,999
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Student-oriented housing package near campus and downtown with bus service directly outside the property.
Where is this apartment building located?
The property is located at 527/529 S 5th Street Mankato, MN.
What are key features of this property?
This property features: 527 includes five bedrooms and three baths; 529 includes five bedrooms, two baths, and four studio apartments; Student housing within walking distance of campus and downtown
(651) 500-4720 Call to check price and availability
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