722 N Broad Street, Mankato, MN 56001
Local realty services provided by:ERA Gillespie Real Estate
722 N Broad Street,Mankato, MN 56001
$374,900
- - Beds
- 1 Baths
- 2,636 sq. ft.
- Multi-family
- Active
Listed by: zac murra
Office: american way realty
MLS#:267041857
Source:MN_RASM
Price summary
- Price:$374,900
- Price per sq. ft.:$142.22
About this home
Fantastic investment opportunity! This extensively renovated up-and-down duplex offers an exceptional combination of modern updates, classic charm, and established rental income! Currently generating $3,520 per month ($42,240 annually) from the two residential units and garage rentals, this property is an excellent opportunity for investors looking to expand their portfolio. Featuring a spacious 3-bedroom upper unit and 2-bedroom main-floor unit, the property offers over 2,600 square feet of living space. The upper unit was completely remodeled in 2026, while the main-floor unit received a beautifully remodeled kitchen and bathroom. Additional 2026 improvements include all-new exterior vinyl siding, windows, kitchen appliances, updated electrical throughout the upper unit and portions of the main floor, and a new stackable washer and dryer upstairs. Other major improvements include a new roof in 2023 and a new boiler in 2022. Both units feature portable air conditioning, and tenants are responsible for all utilities, helping minimize ownership expenses. Electricity is separately metered, while gas, water/sewer, and refuse expenses are allocated between the units according to their leases. Additional highlights include beautiful original-style woodwork, spacious living areas, a covered porch, upper-level balcony, detached garage, additional outbuilding, and generous yard space. With extensive renovations, major improvements already completed, and established rental income, this property offers an outstanding opportunity to own a well-maintained, income-producing duplex in Mankato! Schedule your private showing today! 24 hour notice for showings....
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Home facts
- Listing ID #:267041857
- Added:1 day(s) ago
- Updated:October 23, 2026 at 02:04 AM
Rooms and interior
- Total bathrooms:1
- Basement Description:Partially Finished, Stone
- Living area:2,636 sq. ft.
Heating and cooling
- Heating:Boiler
Structure and exterior
- Roof:Asphalt Shingles
- Building area:2,636 sq. ft.
- Lot area:0.24 Acres
- Architectural Style:Duplex - Up & Down
- Construction Materials:Metal
- Foundation Description:Frame/Wood
- Levels:2 Story
Utilities
- Water:City
- Sewer:City Sewer
Finances and disclosures
- Price:$374,900
- Price per sq. ft.:$142.22
- Tax amount:$3,914
Parking
- Parking description:Detached Garage
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