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    Mankato, MN
    Triplex

    Mankato, MN Triplexes for Sale

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    North Mankato, MN Saint Clair, MN Eagle Lake, MN Madison Lake, MN Good Thunder, MN Kasota, MN St Peter, MN Lake Crystal, MN
    8-Bed Triplex with Leased Units
    Updated: Mar 1
    8-Bed Triplex with Leased Units

    1035 Thompson Ravine Road, Mankato, MN 56001

    $419,000
    3,760 sqft 1.39 AC lot
    8‑bed, 4‑bath triplex in Mankato with all units currently leased
    Monthly rent totals $3,050; tenants pay all utilities
    Over an acre lot with driveway parking
    Updates include new floor, paint, and furnace
    Flat roof; brick/stone exterior; forced‑air heating
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    Mankato Triplex: Investment Opportunity
    Updated: May 6
    Mankato Triplex: Investment Opportunity

    1104 N 5th Street, Mankato, MN 56001

    $280,000
    1,225 sqft 0.24 AC lot
    Cash‑flow tri‑plex with all three units currently occupied
    Annual gross rental income of $33,480 reported
    Tenants pay all utilities
    5‑bedroom/3‑bathroom layout noted with Bedroom 1 through Bedroom 5 and Bathroom 1 through Bathroom 3 listed
    Built in 1896
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Mankato, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Triplex with Non-Conforming 4th Unit
    Triplex with Non-Conforming 4th Unit

    3412 Humboldt Avenue S, Minneapolis, MN 55408

    $879,900
    5,195 sqft 0.12 AC lot

    For sale triplex offering hardwood floors, abundant natural light, and an attached 2-car garage plus a non-conforming 4th unit.

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    Fully Rented Triplex with On-Site Laundry
    Fully Rented Triplex with On-Site Laundry

    213 Main Street E, Young America, MN 55397

    $374,900
    3,762 sqft 0.12 AC lot

    Triplex offers a unit mix of 1- and 2-bedroom layouts, plus coin laundry and private parking for tenants.

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    Updated Triplex with Patio
    Updated Triplex with Patio

    3535 Irving Avenue S, Minneapolis, MN 55408

    $899,900
    4,165 sqft 0.15 AC lot

    Owner-occupied tri-plex with a non-conforming lower-level unit, updated systems, and a backyard patio.

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    Triplex Investment Property
    Triplex Investment Property

    610 SE 3rd Avenue, Waseca, MN 56093

    $184,800
    0.20 AC lot

    Triplex for sale in Waseca, MN, offering three functional residential units on a small lot.

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    Mankato, MN Triplexes Market Trends and Statistics

    Explore 2 triplexes for sale in Mankato, MN on our real estate platform. These investment opportunities span a total of 4,985 square feet of properties for sale, with an estimated market value of $699,000.

    Sale prices for three-family homes in Mankato, MN start at $280,000, averaging $349,500, and reaching up to $419,000 — 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 $349.5K

    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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