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Historic Brick Duplex with Garage
New
For Sale
$250,000

616 N Broad Street, Mankato, MN 56001

MULTI_FAMILY - Mankato, MN

Property Size2,358 SF
Lot Size0.15 Acres
Price / SF$106.02
Days on Market3

Property Features for 616 N Broad Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description Residential-Multi-Family
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Basement, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3
Parking features Garage - Detached, Garage, Driveway
Exterior features Brick/Stone
Subdivision Mankato
Lot features Tree Coverage - Medium, Underground Utilities
High school district Mankato
Directions Head west on Madison Ave, turn left onto N. 4th Street, turn right onto E. Elm Street, turn right onto N. Broad Street, house is on the west side of the street.
Standard status Active
APN R010907409017
Size 2,358 SF
Lot size 0.15 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 3322

Utilities

Heating system Forced Air

Amenities

in-unit washer and dryer
large backyard
walk-up attic

Building Details

Year built 1884
Building materials Frame
Roof type Shingle
Listing Agency: True Real Estate
Listed By: Michelle Starkey
Added: Aug 5 Changed: Aug 6 Last Checked: Aug 7 at 9:06AM
MLS# 7121097

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.

Built in 1884, this 2,358-square-foot up-and-down duplex combines a brick exterior and frame construction with preserved woodwork, tall ceilings, and period architectural detailing. Each unit includes 2 bedrooms, 1 bathroom, separate utilities, and its own washer and dryer. A walk-up attic adds storage, while the basement provides additional functional space.

The property occupies 0.145 acres and includes a large backyard, driveway, and a detached triple garage for parking and storage. Updates completed approximately four years ago include windows, the shingle roof, gutters, and professional painting of the exterior spire. Interior improvements include updated ceiling fans and light fixtures. Forced-air heating serves the building.

Key Highlights

  • 2,358‑square‑foot duplex built in 1884
  • Two units, each with 2 bedrooms and 1 bathroom
  • Separate utilities plus private washer and dryer for each unit

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

284
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 - Two separate units provide private laundry, individual utilities, and flexibility for rental or owner-occupied use.
Where is this duplex located?
The property is located at 616 N Broad Street 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‑square‑foot duplex built in 1884; Two units, each with 2 bedrooms and 1 bathroom; Separate utilities plus private washer and dryer for each unit
More about this property
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