Mankato, MN Multifamily Properties for Sale

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31 properties

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Updated: Jun 24

Duplex Property with Rented Garage

520 S 2nd Street, Mankato, MN 56001

$500,000

3,000 sqft 0.24 AC lot

3,000 SF duplex property on a 0.239‑acre lot
CBDF—central business district fringe—zoning
Commercial or residential use is permitted
Nine bedrooms and a basement
Rented parking spaces and rented garage

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Updated: Aug 5

Brick Duplex with Triple Garage

616 N Broad Street, Mankato, MN 56001

$250,000

2,358 sqft 0.15 AC lot

2,358‑square‑foot duplex built in 1884
Two units, each with 2 bedrooms and 1 bathroom
Separate utilities and individual washer and dryer for each unit
Detached triple garage with driveway parking
0.145‑acre lot with a large backyard and walk‑up attic

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Updated Duplex with Patio

802 Le Hillier Street, Mankato, MN 56001

$249,900

2,550 sqft 0.22 AC lot

Two rental units provide seven bedrooms, three bathrooms, and separate entry points.

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Brick Duplex with Triple Garage

616 N Broad St, Mankato, MN 56001

$250,000

2,358 sqft

Both units include separate utilities and in-unit laundry.

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Updated Two-Unit Duplex

1404 N 5th Street, Mankato, MN 56001

$205,000

1,557 sqft 0.10 AC lot

Two residential units offer shared porch access, driveway parking, and basement laundry serving the main-floor residence.

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Quadplex with Rooftop Deck

412 Holly Lane, Mankato, MN 56001

$1,195,000

0.44 AC lot

Fully renovated, fully occupied four-unit townhome offers each unit three bedrooms plus a private rooftop deck and in-unit laundry.

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28-Unit Apartment Building

123 N 4th Street, Mankato, MN 56001

$2,100,000

0.24 AC lot

Updated multifamily property with varied unit mix, on-site laundry, and additional renovation potential.

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Up-and-Down Duplex with Parking

210 E Thompson St, Mankato, MN 56001

$209,000

1,656 sqft

Two-level income property with separate living areas, updated exterior components, storage sheds, and a mix of central and window cooling.

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Six-Unit Apartment Building

221 E Walnut Street, Mankato, MN 56001

$599,000

0.68 AC lot

Fully leased six-unit property with a newer roof, energy-efficient windows, baseboard heat, and separate electrical meters.

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Occupied Triplex

1104 N 5th Street, Mankato, MN 56001

$280,000

1,225 sqft 0.24 AC lot

Three residential units are leased, with utility costs paid by occupants.

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Two-Unit Duplex with Updates

1404 N 5th St, Mankato, MN 56001

$205,000

1,557 sqft

Two residences include coin-operated laundry, shared porch access, and off-street parking.

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Downtown Mankato Quadplex

303 N Broad Street, Mankato, MN 56001

$375,000

0.15 AC lot

Four-unit property with updated interiors, shared laundry, and flexible owner-occupant potential.

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8-Unit Multifamily Building

415 S Broad Street, Mankato, MN 56001

$2,000,000

Well-maintained 8-unit multifamily with 4- and 5-bedroom apartments and oil heat, fully leased through July 14, 2027.

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Duplex with Two Residential Units

2005 7th Ave, Mankato, MN 56001

$182,500

1,714 sqft

Two-unit residential property supports rental income or an owner-occupant arrangement near everyday amenities.

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Up-and-Down Duplex

2005 7th Avenue, Mankato, MN 56001

$182,500

0.16 AC lot

Two-level duplex with a basement, forced-air heating, and a shingle roof in Mankato.

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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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Duplex With Private Entrances

802 Le Hillier Street, Mankato, MN 56001

$249,900

2,550 sqft

Two residential units offer distinct layouts, private access, laundry space, storage, and included appliances.

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Duplex with Private Entrances and Patio

802 LeHiller Street, Mankato, MN 56001

$249,900

0.22 AC lot

Duplex on a gravel driveway with forced-air heat, featuring two private entrances and a block patio for outdoor living.

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8-Unit Apartment Building

415 S Broad Street, Mankato, MN 56001

Contact for pricing

3,114 sqft

Eight apartments offer four- and five-bedroom layouts suited to student and family occupancy.

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Updated Duplex Property

1655 Valley View Dr, Mankato, MN 56003

$299,900

1,780 sqft

Current duplex rental licensing complements an updated four-bedroom home with laundry service on both levels.

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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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Apartment Building Near Mayo Clinic

115 Echo Street, Mankato, MN 56001

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48,696 sqft

Apartment building near Mayo Clinic Health System in Mankato.

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Three-Story Mixed-Use Property

1633 Monks Ave, Mankato, MN 56001

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46,446 sqft

Combines service-based retail with student housing and full apartment kitchens.

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Triplex with Updated Interiors

1035 Thompson Ravine Rd, Mankato, MN 56001

Contact for pricing

3,670 sqft

Fully leased units feature new flooring, fresh paint, and a replacement furnace.

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Mankato, MN Multifamily Properties Market Trends and Statistics

Explore 36 multifamily properties for sale in Mankato, MN, showcased through 31 active listings on our real estate platform. These investment opportunities span a total of 239,448 square feet of properties for sale, with an estimated market value of $17,432,600.

Sale prices for multifamily properties in Mankato, MN start at $182,500, averaging $871,630, and reaching up to $5,750,000 — 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

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
56003	$299.9K
56001	$901.7K

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%

Property Size Breakdown

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

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