1104 N 5th Street, Mankato, MN 56001
Blue Earth County
Key Facts
Description
Opportunity knocks with this cash-flow tri-plex! Strong performing rental property generating $34,680 in annual gross rental income with an attractive cap rate potential at current list price. All three units currently occupied with established rental income in place. Tenants pay all utilities! Excellent opportunity for investors seeking immediate cash flow with future rental upside potential. Property offers a diverse unit mix with strong tenant appeal and a price point difficult to find in today’s multifamily market. Whether adding to an existing portfolio or entering multifamily investing for the first time, this property offers solid income, long-term appreciation potential, and strong demand in the area. Attractive price point, solid income history, and versatile occupancy options make this a property you won’t want to miss!
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
Triplex
Year Built
1896
Living Area
2,330 sq ft
Lot Size
0.24 acres
Lot Dimensions
66x158
Garage Spaces
3
Parking Spaces
2
Days on Market
1
MLS® Listing#
7040188
Property Features
- Appliances:
- Refrigerator
- Cooling:
- Window Unit(s)
- Basement:
- Unfinished, Full
- Parking:
- Concrete
- Lot Features:
- Corner Lot
- Construction:
- Brick
- Roof:
- Asphalt
- Sewer:
- Public Sewer
- Water Source:
- Public
Schools
- District:
- Mankato #77
HOA & Tax
- Annual Tax:
- $4,320 (2026)
- Parcel #:
- R01.09.08.154.013
Affordability Calculator
$56,000
Estimated monthly payment
$1,490/mo
Principal $224,000 · Est. interest $312,500 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Mankato, MN
- $395,429
- Median Listing Price
- 77
- Median Days on Market
- 2,150
- Median Sq Ft
- $175
- Median Price / Sq Ft
- 410
- Active Listings
- This home’s price is 29% below the area median.
- Its price per sq ft is 31% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Mankato, MN.
Location
- 1104 N 5th Street, Mankato, MN 56001
Nearby Schools
Franklin Elementary School
Elementary · 0.2 mi away
Immanuel Lutheran School
School · 0.5 mi away
Immanuel Lutheran Church-CLC
Elementary · 0.5 mi away
Ive Seminary High School
Secondary · 0.7 mi away
Kato Public Charter School
Secondary · 0.8 mi away
Loyola Catholic School
School · 0.9 mi away
Washington Elementary
Elementary · 1.0 mi away
Garfield Elementary School
Elementary · 1.0 mi away
Prairie Winds Middle School
School · 1.0 mi away
Mankato Area Public Schools
Secondary · 1.0 mi away
RSL Elementary School
Elementary · 1.0 mi away
Grace Baptist Church
School · 1.1 mi away
Monroe Elementary School
Elementary · 1.1 mi away
God's Little Angels
School · 1.4 mi away
Central High School
Secondary · 1.6 mi away
Kennedy Elementary School
Elementary · 1.7 mi away
Jefferson Elementary
Elementary · 1.7 mi away
Mankato West High School
Secondary · 1.8 mi away
Mankato East High School
Secondary · 1.8 mi away
Roosevelt Elementary School
Elementary · 2.0 mi away
Commute Calculator
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Moving Cost Estimate
EXIT Agents in Mankato
Listing Courtesy: Connect Real Estate Group