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Listed price in listed location currency (USD).
$280,000

536

MLS® 7040188

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 1225 sqft
Garage Yes
Taxes $4,320
Days Active 14
Lot Size 
Approx. Age 1896
Avg. Price Per Sqft $228
MLS® Number 7040188

Property Address: 1104 N 5th St, Mankato, MN, 56001-0748

Average square foot calculated using Size range provided by listing agent.

Description

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!
MLS® Number7040188
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1896
BasementFull, Unfinished, Stone
DrivewayDetached, Concrete
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 6, 2026List Date
$280,000List Price

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