Seven-Bedroom
For Sale
$249,900
802 Le Hillier Street, Mankato, MN 56001
Residential Income, Mankato, MN
Property Size2,550 SF
Lot Size0.22 Acres
Price / SF$98
Days on Market124
Property Features for 802 Le Hillier Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Basement, Bathroom 1, Bedroom 7, Bedroom 2, Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 3, Laundry Room, Bathroom 3, Bathroom 2
Patio and Porch features
Patio
Subdivision
Riverside Park Add
High school district
Mankato
Directions
Hwy 169 to Hawley St S to Lehillier house is on the right.
Standard status
Active
APN
R500814379001
Size
2,550 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3200
Utilities
Heating system
Forced Air
Amenities
private entrance
dedicated laundry room
generous attic storage
washer
dryer
refrigerator
block patio
dehumidifier
air purifier
Building Details
Year built
1958
Listing Agency:
Keller Williams Premier Realty · Keller Williams Realty
(507) 424-4422
Listed By:
Shawna L. Wolfe · License #20215401
(507) 420-1877
Added: Jun 10
Changed: Oct 8
Last Checked: Oct 11 at 1:06AM
MLS# 7091142
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 2,550-square-foot duplex contains two units with separate private entrances. One offers four bedrooms and two bathrooms, plus a dedicated laundry room and attic storage. The second unit has three bedrooms and one bathroom. The property was built in 1958 and has forced-air heating.
Appliances are included in both units. The four-bedroom residence has a washer, dryer, and new refrigerator; the other includes a dehumidifier and air purifier. A block patio provides outdoor space.
Appliances are included in both units. The four-bedroom residence has a washer, dryer, and new refrigerator; the other includes a dehumidifier and air purifier. A block patio provides outdoor space.
Key Highlights
- Two‑unit duplex with 2,550 square feet
- Four‑bedroom unit includes 2 bathrooms, private entry, dedicated laundry room, and attic storage
- Three‑bedroom unit includes 1 bathroom and a separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,029
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,580
$420.6K
Cap Rate 7%
$300,414
$300.4K
Cap Rate 9%
$233,656
$233.7K
Market Conditions
NOI Build-Up for 2,550 SF
Gross rent
$32.1K $12.60/SF
− Vacancy
−$2.1K −$0.82/SF
EGI
$30.0K $11.78/SF
− OpEx
−$9.0K −$3.53/SF
NOI
$21.0K $8.25/SF
Area
Blue Earth County, MN
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,580
Cap Rate 7%
$300,414
Cap Rate 9%
$233,656
Alternative Uses
Best Use
Multifamily LT 5
$300.4K
$262.9K – $350.5K
NOI $21,029 @ 7.0% cap · market cap 8.41%
Second Best
Apartment 5plus
$278.6K
$243.8K – $325.0K
NOI $19,500 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$504.0K
$441.0K – $588.0K
NOI $35,279 @ 7.0% cap · market cap 14.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances serve two units, each with its own bedroom and bath configuration.
Where is this duplex located?
The property is located at 802 Le Hillier Street Mankato, MN.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,550 square feet; Four‑bedroom unit includes 2 bathrooms, private entry, dedicated laundry room, and attic storage; Three‑bedroom unit includes 1 bathroom and a separate entrance
