Map
Listed price in listed location currency (USD).
$250,000

425

MLS® 267040989

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 2039 sqft
Garage 
Taxes $2,704
Days Active 1
Lot Size 0.19 Acres
Approx. Age 1890
Avg. Price Per Sqft $122
MLS® Number 267040989

Property Address: 229 Locke St, Mankato, MN, 56001-3946

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

Description

5 unrelated Rental license - Rare investment opportunity knocks! Attractive cap rate potential($2000-2500/month) at current list price. Tenants have paid all utilities in the past! Excellent opportunity for investors seeking immediate cash flow. Property offers tenant appeal, with its location to MSU/Bethany/Downtown Mankato, 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 potential solid income, long-term appreciation potential, and demand in this area. Attractive price point, 5 off street parking spots, central location, 4 Bedrooms, a large kitchen/dining/& living areas, as well as versatile occupancy options make this a property you won’t want to miss! Close in time for Fall Semester!!
MLS® Number267040989
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1890
BasementFull, Unfinished, Stone
DrivewayOff Street, No Garage, Concrete
Garage Spaces
HeatForced Air
A/CCentral Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 22, 2026List Date
$250,000List Price
  • Commute

Commute

Starting Address
Destination Address
229 Locke St, Mankato, MN

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