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Brick Duplex with Triple Garage
For Sale
$250,000

616 N Broad St, Mankato, MN 56001

Both units include separate utilities and in-unit laundry.

Property Size2,358 SF
Price / SF$106.02
Days on Market15

Property Features for 616 N Broad St

General Information

Standard status Active
Size 2,358 SF
Total Parking Spaces 3
Property subtype Residential Income

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $3,322

Amenities

backyard
walk-up attic
in-unit washer/dryer

Building Details

Buildings 1
Construction brick
Listing Agency: True Real Estate
Listed By: Michelle Starkey
Source: Exprealty
Added: Aug 5 Changed: Aug 18 Last Checked: Aug 19 at 12:38PM

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 True Real Estate

Investment Insights

Based on property information with market context.

This 2,358-square-foot up-and-down duplex at 616 N Broad St in Mankato includes two residential units, each with 2 bedrooms and 1 bathroom. Separate utilities, individual washers and dryers, tall ceilings, original woodwork, and a brick exterior combine practical operations with distinctive architectural character. A walk-up attic adds storage, while a large backyard and triple detached garage provide additional outdoor and parking space.

Recent improvements include windows, the roof, and gutters completed approximately four years ago. The property's spire was professionally painted during the same period, and interior updates include ceiling fans and light fixtures. The layout also supports occupying one unit while leasing the other, subject to applicable requirements.

Key Highlights

  • 2,358 SF up‑and‑down duplex with two 2‑bedroom, 1‑bath units
  • Separate utilities and individual washer and dryer for each unit
  • Original brick exterior, woodwork, tall ceilings, and distinctive spire

Property Analytics

Current Use

Duplexes

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.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,606
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?
Duplex - Both units include separate utilities and in-unit laundry.
Where is this duplex located?
The property is located at 616 N Broad St Mankato, MN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2,358 SF up‑and‑down duplex with two 2‑bedroom, 1‑bath units; Separate utilities and individual washer and dryer for each unit; Original brick exterior, woodwork, tall ceilings, and distinctive spire
More about this property
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