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    Mankato, MN Residential Income Properties for Sale

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    Multi-Family Residential Income Duplex
    Updated: Jun 24
    Multi-Family Residential Income Duplex

    520 S 2nd Street, Mankato, MN 56001

    $500,000
    3,000 sqft 0.24 AC lot
    Nine bedrooms and four bathrooms
    Year built 1884
    Zoned CBDF (central business district fringe) for commercial or residential use
    Rented parking spaces and rented garage
    Exterior features include brick/stone and stucco
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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
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    Two-Unit Duplex with Laundry
    Two-Unit Duplex with Laundry

    1404 N 5th Street, Mankato, MN 56001

    $205,000
    1,557 sqft 0.10 AC lot

    Duplex with two separate units, shared open porch access, and coin-operated laundry in the basement, plus off-street parking.

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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 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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    Renovated Mankato Townhome Quadplex
    Renovated Mankato Townhome Quadplex

    412 Holly Lane, Mankato, MN 56001

    $1,195,000
    0.44 AC lot

    Fully renovated, occupied 4-unit townhome with modern appeal and income stability.

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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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    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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    Five-Unit Rental Property with Parking
    Five-Unit Rental Property with Parking

    229 Locke Street, Mankato, MN 56001

    $250,000
    0.19 AC lot

    Five unrelated rental-licensed units with off-street parking and large shared living and kitchen/dining spaces.

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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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    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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    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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    Fully Renovated 4-Unit Townhome
    Fully Renovated 4-Unit Townhome

    412 Holly Ln, Mankato, MN 56001

    $1,950,000

    Four fully renovated townhome units are each occupied and feature 3 bedrooms, in-unit laundry, and updated finishes.

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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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    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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    28-Unit Apartment Building
    28-Unit Apartment Building

    123 N 4th Street, Mankato, MN 56001

    $2,100,000

    28-unit apartment building with 19 one-bedrooms, 3 two-bedrooms, and 6 studios, plus on-site laundry.

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    Single-Family Rental Home
    Single-Family Rental Home

    902 N 5th Street, Mankato, MN 56001

    $130,000
    0.07 AC lot

    3-bedroom, 1-bath rental with a license for up to five unrelated occupants and off-street parking.

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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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    Turn-Key Investment Single-Family Home
    Turn-Key Investment Single-Family Home

    926 S Front Street, Mankato, MN 56001

    $225,000
    0.12 AC lot

    Five-bedroom, two-bath home leased at $2,500 per month with tenants paying all utilities.

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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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    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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    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 22 Active Listings in Mankato, MN, we suggest to view alternatives - similar 15 Off-Market properties to explore as potential leads.

    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
    Tbd Hoffman Rd
    Land

    0 Tbd Hoffman Rd, Mankato, MN 56001

    Value Estimation by Request
    43.19 AC lot
    View details

    Mankato, MN Residential Income Properties Market Trends and Statistics

    Explore 37 residential income properties for sale in Mankato, MN, showcased through 22 active listings on our real estate platform. These investment opportunities span a total of 146,521 square feet of properties for sale, with an estimated market value of $20,262,300.

    Sale prices for residential income properties in Mankato, MN start at $130,000, averaging $964,871, 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

    Multifamily properties 20
    Duplexes 8
    Apartment buildings 5
    Quadplexes 3
    Single family properties 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
    56003 $209.9K
    56001 $1.2M

    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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