1035 Thompson Ravine Road, Mankato, MN 56001

Mankato
Local realty services provided by:ERA Prospera Real Estate
1035 Thompson Ravine Road,Mankato, MN 56001
$419,000
  • 8 Beds
  • 4 Baths
  • 3,760 sq. ft.
  • Multi-family
  • Active
Listed by: parveen kumar
Office: exp realty
MLS#:7028529
Source:NSMLS

Price summary

  • Price:$419,000
  • Price per sq. ft.:$111.44

About this home

Priced below replacement cost. 8 bed, 4 bath triplex in Mankato on over an acre lot in a growing location. All units are leased with monthly rent currently at $3050 at below market. Tenant pays all utilities. New floor, paint and furnace. Priced at above 6% cap current, (proforma higher with market appreciation, Cap rate calculates higher for self manage). Owner agent. Preapproval letter preferred prior to showing , please contact the agent for rent roll. 24-48 hr notice needed for tenants prior to showing.

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Home facts

  • Year built:1956
  • Subdivision & Development:Gerdts Sub
  • Listing ID #:7028529
  • Added:153 day(s) ago
  • Updated:August 02, 2026 at 06:59 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Basement:Yes
  • Basement Description:Full
  • Living area:3,760 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Flat
  • Year built:1956
  • Building area:3,760 sq. ft.
  • Lot area:1.39 Acres
  • Levels:1 Story

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$419,000
  • Price per sq. ft.:$111.44
  • Tax amount:$4,402 (2025)

Parking

  • Parking description:Asphalt
  • Garage:Yes
  • Garage spaces:1
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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