1104 N 5th Street, Mankato, MN 56001

Mankato
Local realty services provided by:ERA Gillespie Real Estate
1104 N 5th Street,Mankato, MN 56001
$280,000
  • - Beds
  • 1 Baths
  • 2,330 sq. ft.
  • Multi-family
  • Active
Listed by: christa wolner
Office: connect real estate group
MLS#:7040188
Source:MN_RASM

Price summary

  • Price:$280,000
  • Price per sq. ft.:$120.17

About this home

Opportunity knocks with this cash-flow tri-plex! Strong performing rental property generating $33,480 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!

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Home facts

  • Listing ID #:7040188
  • Added:102 day(s) ago
  • Updated:August 16, 2026 at 03:05 PM

Rooms and interior

  • Total bathrooms:1
  • Basement Description:Stone, Unfinished
  • Living area:2,330 sq. ft.

Heating and cooling

  • Heating:Boiler

Structure and exterior

  • Roof:Asphalt Shingles
  • Building area:2,330 sq. ft.
  • Lot area:0.24 Acres
  • Lot Features:Corner Lot, Landscaped
  • Architectural Style:Triplex
  • Construction Materials:Brick
  • Foundation Description:Frame/Wood
  • Levels:2 Story

Utilities

  • Water:City
  • Sewer:City Sewer

Finances and disclosures

  • Price:$280,000
  • Price per sq. ft.:$120.17
  • Tax amount:$4,320

Parking

  • Parking description:Detached Garage

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