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    Mankato, MN Multifamily Properties for Sale

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    Updated Duplex With Two Entrances
    Updated: Jun 10
    Updated Duplex With Two Entrances

    802 Le Hillier Street, Mankato, MN 56001

    $249,900
    2,550 sqft 0.22 AC lot
    Duplex built in 1958 with brick/stone exterior
    Unit 1: 4‑bedroom, 2‑bath with private entrance, dedicated laundry room, and generous attic storage
    Unit 1 includes a full appliance package with washer, dryer, and a new refrigerator
    Unit 2: 3‑bedroom, 1‑bath with private entrance and appliance package including a dehumidifier and air purifier
    Outdoor block patio plus basement included
    View details
    Renovated Mankato Townhome Quadplex
    Updated: Apr 3
    Renovated Mankato Townhome Quadplex

    412 Holly Lane, Mankato, MN 56001

    $1,195,000
    0.44 AC lot
    Fully renovated, fully occupied 4‑unit townhome property with immediate rental income stability
    Each unit features 3 bedrooms and has been updated with new stainless steel appliances, cabinetry, and granite countertops
    Recent upgrades include updated plumbing and lighting, new fixtures, and new tile flooring, fresh paint, and plush carpet
    High‑efficiency mechanicals: furnace, A/C condenser, and tankless water heater, plus each unit has its own high‑efficiency washer and dryer
    Single‑stall garage with keyless entry and private rooftop deck with maintenance‑free decking
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    Mankato Triplex: Investment Opportunity
    Mankato Triplex: Investment Opportunity

    1104 N 5th Street, Mankato, MN 56001

    $280,000
    1,225 sqft 0.24 AC lot

    Cash-flowing triplex in Mankato with established rental income.

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    Apartment Building Near Mayo Clinic
    Apartment Building Near Mayo Clinic

    115 Echo Street, Mankato, MN 56001

    $7,500,000
    48,696 sqft

    Apartment building near Mayo Clinic Health System in Mankato.

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    8-Bed Triplex with Leased Units
    8-Bed Triplex with Leased Units

    1035 Thompson Ravine Road, Mankato, MN 56001

    $419,000
    3,760 sqft 1.39 AC lot

    Fully leased 8-bedroom triplex with tenant-paid utilities and recent interior updates, suitable for steady rental income.

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    Mankato Multifamily Investment Property
    Mankato Multifamily Investment Property

    221 E Walnut Street, Mankato, MN 56001

    $599,000
    0.68 AC lot

    Fully leased six-unit building in downtown Mankato.

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    Four-Unit Residential Property with Newer Roof
    Four-Unit Residential Property with Newer Roof

    303 N Broad Street, Mankato, MN 56001

    $375,000
    0.15 AC lot

    Turnkey quadplex with three 1-bedroom and one 2-bedroom unit, shared laundry, and a 2019 roof.

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    Multifamily Property with Two Units
    Multifamily Property with Two Units

    520 S. Second St., Mankato, MN 56001

    $500,000
    3,833 sqft

    Two-unit multifamily property available for sale.

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    Updated Duplex With Two Entrances
    Updated Duplex With Two Entrances

    802 LeHiller Street, Mankato, MN 56001

    $249,900
    0.22 AC lot

    Two residential units with private entrances and in-unit laundry appliances, suited for an owner looking for rental housing.

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    Licensed Two-Unit Duplex Investment
    Licensed Two-Unit Duplex Investment

    414 Madison Avenue, Mankato, MN 56001

    $228,000
    0.07 AC lot

    Licensed two-unit, no-limit occupancy duplex currently leased with tenants paying all utilities.

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    Multifamily Apartment Community
    Multifamily Apartment Community

    160 Homestead Road, Mankato, MN 56001

    Contact for pricing
    81,900 sqft

    72-unit multifamily property with strong occupancy and convenient access via major highways near Minnesota State University, Mankato.

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    Two-Unit Multifamily Investment Property
    Two-Unit Multifamily Investment Property

    910 S Front Street, Mankato, MN 56001

    $289,000
    0.12 AC lot

    Licensed two-unit property with strong rental history; tenants pay all utilities and includes a large garage/shop.

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    Duplex Income Property Opportunity
    Duplex Income Property Opportunity

    2005 7th Avenue, Mankato, MN 56001

    $182,500
    0.16 AC lot

    Duplex for sale in Mankato, offering two separate units within a compact lot setting.

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    Mixed-Use Investment Opportunity
    Mixed-Use Investment Opportunity

    521 - 523 North Riverfront Drive |, Mankato, MN 56001

    $735,000

    Mixed-use property with residential and commercial units in Mankato.

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    Duplex Investment Property
    Duplex Investment Property

    112 S 5th Street, Mankato, MN 56001

    $224,800
    0.18 AC lot

    Duplex for sale near shopping, dining, parks, and schools in Mankato, offering two functional living units.

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    Mankato Apartment Building Investment Opportunity
    Mankato Apartment Building Investment Opportunity

    123 N 4th Street, Mankato, MN 56001

    $2,100,000

    28-unit apartment building near downtown Mankato.

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    Based on your search, we've compiled 29 Potential Opportunities for your consideration. Besides 16 Active listings in Mankato, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 5 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Licensed Duplex with Flexible Layout
    Licensed Duplex with Flexible Layout

    St Peter, MN 56082

    $299,900
    2,098 sqft 0.25 AC lot

    Licensed 6-bedroom duplex with hardwood floors, arched windows, and configuration flexibility for multiple living arrangements.

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    St. Peter Victorian 4-Plex
    St. Peter Victorian 4-Plex

    St Peter, MN 56082

    $389,000
    3,008 sqft 0.25 AC lot

    Historic 4-plex near downtown St. Peter and Gustavus College.

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    Mixed-Use Property: Retail & Apartments
    Mixed-Use Property: Retail & Apartments

    235-257 Belgrade Avenue, North Mankato, MN 56003

    $2,600,000

    Modern retail space plus five luxury apartments in North Mankato.

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    4-Bedroom Home with Duplex License
    4-Bedroom Home with Duplex License

    1655 Valley View Drive, North Mankato, MN 56003

    $299,900
    0.20 AC lot

    Move-in ready 4-bedroom, 2-bath home with laundry on both levels and updates including new windows and fresh interior finishes.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Lakeshore Recreation Land Parcel
    Lakeshore Recreation Land Parcel

    Tripp, Fulda, MN 56131

    $124,900
    9.30 AC lot

    Recreation residential shoreland acreage with gravel access and measured lakeshore for RV or seasonal campground plans.

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    Land for Multi-Family Housing
    Land for Multi-Family Housing

    1610 7th Avenue E, Alexandria, MN 56308

    $249,900
    2.16 AC lot

    2.16 acre lot zoned for multi-family housing development.

    View details
    Commercial Development Land Parcel
    Commercial Development Land Parcel

    101 Morris Avenue, Hinckley, MN 55037

    $799,000
    9.20 AC lot

    Approximately 9.2-acre commercial land parcel near highway access in Hinckley, Minnesota.

    View details
    Alexandria Lakeshore Property with Rental Opportunity
    Alexandria Lakeshore Property with Rental Opportunity

    5950 County Road 8 NW, Alexandria, MN 56308

    $798,500
    15.62 AC lot

    Lakeshore property with rental cabins and RV sites near Alexandria.

    View details

    Off-Market Properties in Mankato, MN

    Consider similar Off-Market properties in Mankato, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2001 Monks Ave
    MOBILE HOME PARK, TRAILER PARK

    2001 Monks Ave, Mankato, MN 56001-8900

    $565,000
    Estimated value
    1,384 sqft 18.74 AC lot
    View details
    2040 Pr Rose Dr
    Multifamily properties

    2040 Pr Rose Dr, Mankato, MN 56001

    Value Estimation by Request
    7.10 AC lot
    View details
    340 Stadium Rd
    Multifamily properties

    340 Stadium Rd, Mankato, MN 56001

    Value Estimation by Request
    9,829 sqft
    View details
    217 Spring St
    Multifamily properties

    217 Spring St, Mankato, MN 56001

    Value Estimation by Request
    View details
    504 James Ave
    Multifamily properties

    504 James Ave, Mankato, MN 56001

    Value Estimation by Request
    131,544 sqft 5.67 AC lot
    View details

    Mankato, MN Multifamily Properties Market Trends and Statistics

    Explore 21 multifamily properties for sale in Mankato, MN, showcased through 16 active listings on our real estate platform. These investment opportunities span a total of 60,064 square feet of properties for sale, with an estimated market value of $8,948,900.

    Sale prices for multifamily properties in Mankato, MN start at $249,900, averaging $1,789,780, and reaching up to $7,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 7
    Apartment buildings 4
    Quadplexes 2
    Triplexes 2

    Demographics Overview

    Population 66K
    Population Growth (5Y) +5.3%
    Median Household Income $70,313
    College Educated 26.5%

    High-Yield Neighborhoods for Investment

    Identify Mankato submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    56001 $1.5M

    Taxes & Financing

    Tax Rate (average for all types) 2.45%
    Property Tax per SF $31.30 per SF
    Tax Rate vs County Average 0.12 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Blue Earth County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Mankato fall within the 100,000+ square foot range.

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