428 Commodore Drive, Mankato, MN 56001

Mankato
Local realty services provided by:ERA Gillespie Real Estate
428 Commodore Drive,Mankato, MN 56001
$1,495,000
  • - Beds
  • - Baths
  • 14,280 sq. ft.
  • Multi-family
  • Pending
Listed by: trent vanort
Office: century 21 atwood
MLS#:7039616
Source:MN_RASM

Price summary

  • Price:$1,495,000
  • Price per sq. ft.:$104.69

About this home

Here is your opportunity to purchase a well located 16 unit apartment complex in Mankato MN! Consisting of 2 separate parcels and 2 separate buildings, this property offers 14 two bedroom units and 2 one bedroom units. Currently renting for $945-$989/month for the two bedroom units and $845/month for the one bedroom units, the total monthly rent income is $15,138. The total annual income is $183,841 when the coin laundry is included. The tenants pay their own electricity, cable/internet. The landlord pays the common area, electric($1,904 annually), the gas($7,762 annually), the water/sewer($7,085), the garbage($3,035), as well as lawn care, snow removal, maintenance, taxes and insurance. With the current rents in the lower range for Blue Earth County and the city of Mankato, there is room for improvement! Do not hesitate to schedule a showing today. Owner is a licensed real estate broker in the State of MN.

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Home facts

  • Listing ID #:7039616
  • Added:56 day(s) ago
  • Updated:April 23, 2026 at 01:55 AM

Rooms and interior

  • Basement Description:Concrete Block, Finished
  • Living area:14,280 sq. ft.

Heating and cooling

  • Heating:Boiler

Structure and exterior

  • Roof:Flat
  • Building area:14,280 sq. ft.
  • Lot area:0.64 Acres
  • Lot Features:Corner Lot, Tree Coverage - Medium
  • Architectural Style:Apartment Building (L)
  • Construction Materials:Brick, Metal
  • Foundation Description:Frame/Wood
  • Levels:2 Story

Utilities

  • Water:City
  • Sewer:City Sewer

Finances and disclosures

  • Price:$1,495,000
  • Price per sq. ft.:$104.69
  • Tax amount:$21,116

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