15

Mankato, MN Multifamily Homes & Duplexes for Sale

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  • /26

    $589,000

    • 6 Beds
    • 6 Baths
    • 3,600 Sq Ft

    3212 Scotch Ln, Mankato, MN 56001

    Estimated Completion: 2/1/26. Luxury New Construction Twin Home with open plan providing a foyer, great storage, kitchen center island, stainless appliances and main floor laundry. Upstairs you will find 3 generous bedrooms, including the Primary with en-suite bathroom and large walk in closet. Now available for immediate possession! Luxury Twin Homes with open plan providing a foyer, great

    Rebecca Thate Re/Max Advantage Plus Mankato

    3212 Scotch Ln, Mankato, MN 56001
  • /26

    $589,000

    • 6 Beds
    • 6 Baths
    • 3,600 Sq Ft

    3208 Scotch Ln, Mankato, MN 56001

    Estimated Completion: 1/1/26. Luxury New Construction Twin Home with open plan providing a foyer, great storage, kitchen center island, stainless appliances and main floor laundry. Upstairs you will find 3 generous bedrooms, including the Primary with en-suite bathroom and large walk in closet. Now available for immediate possession! Luxury Twin Homes with open plan providing a foyer, great

    Rebecca Thate Re/Max Advantage Plus Mankato

    3208 Scotch Ln, Mankato, MN 56001
  • /20

    $179,900

    • 2 Beds
    • 2 Baths
    • 1,296 Sq Ft

    326 E Vine St, Mankato, MN 56001

    Charming brick home with Owner Occupied rental license in place. As you enter the main floor, you will step into the porch, living room and bedroom have natural wood floors, French doors, large walk-in closet in bedroom. Newer cabinetry and sink in the kitchen, and mud room. Entry to upstairs 1 bedroom apartment is the outside stair with deck. There is a large living room, bedroom, kitchen with

    Marilyn Barnes Landmark Realtors, LLC

    326 E Vine St, Mankato, MN 56001
  • /26

    $167,000

    • 4 Beds
    • 1 Bath
    • 1,107 Sq Ft

    602 Park Ln, Mankato, MN 56001

    Nicely updated and renovated home near Sibley Park in Mankato. This home is situated on a corner lot. It's got a convenient enclosed front entry and main floor laundry. Exterior updates are new windows, siding, roof and a concrete driveway. Interior offers a remodeled kitchen and bathroom. The eat-in kitchen has oak cabinets, newer appliances and a dishwasher. The bathroom renovation includes a

    Kevin Goettl RE/MAX Results

    602 Park Ln, Mankato, MN 56001
  • /18

    $414,900

    • 4 Beds
    • 4 Baths
    • 2,970 Sq Ft

    722 S Broad St, Mankato, MN 56001

    Beautifully maintained, turnkey fourplex fully rented with strong upside potential in a prime quiet neighborhood. This classic building features spacious units with original woodwork, coffered ceilings and abundant natural light blending vintage charm with modern comfort. All units are currently rented, making this an excellent opportunity for immediate cash flow. Additional upside available

    Carlos Carrera RE/MAX DYNAMIC AGENTS

    722 S Broad St, Mankato, MN 56001
  • /50

    $350,000

    • 7 Beds
    • 3 Baths
    • 3,712 Sq Ft

    217 Center St, Mankato, MN 56001

    Check out this exceptional owner-occupied triplex with current rental license on units 2 & 3! This beauty sits in the heart of Mankato, and is meticulous! The sellers have done extensive remodeling and improvements since they purchased, and it is one of the nicest income producing properties offered! Just to name a few updates/upgrades: granite countertops, subway tile, stainless appliances,

    Michelle Starkey TRUE REAL ESTATE

    217 Center St, Mankato, MN 56001
  • /23

    $1,295,000

    • 12 Beds
    • 8 Baths
    • 2,400 Sq Ft

    412 Holly Ln, Mankato, MN 56001

    Prime Investment Opportunity! This fully renovated and fully leased 4-unit 3 bedroom townhome property offers modern upgrades and excellent rental potential. Each unit features brand-new stainless steel appliances, updated plumbing and lighting, new toilets, sinks, outlets, and CO/smoke detectors. Enjoy year-round comfort with a high-efficiency furnace, AC condenser, and tankless water heater.

    Dan Robinson True Real Estate

    412 Holly Ln, Mankato, MN 56001
  • /23

    $1,295,000

    • 12 Beds
    • 8 Baths
    • 2,400 Sq Ft

    412 Holly Ln, Mankato, MN 56001

    Prime Investment Opportunity! This fully renovated and fully leased 4-unit 3 bedroom townhome property offers modern upgrades and excellent rental potential. Each unit features brand-new stainless steel appliances, updated plumbing and lighting, new toilets, sinks, outlets, and CO/smoke detectors. Enjoy year-round comfort with a high-efficiency furnace, AC condenser, and tankless water heater.

    Dan Robinson True Commercial, LLC

    412 Holly Ln, Mankato, MN 56001
  • /19

    $410,000

    • 6 Beds
    • 4 Baths
    • 3,217 Sq Ft

    217 E Spring St, Mankato, MN 56001

    This exceptional 4-plex located in the heart of Central Mankato offers a fantastic investment opportunity with extensive upgrades and an outstanding rental history. With long-term tenants and leases in place through the fall of 2025, this property is a turn-key asset for any investor. Key features include but not limited to: updated electrical, plumbing, vinyl windows, newer furnace,

    Shawna Wolfe Keller Williams Premier Realty

    217 E Spring St, Mankato, MN 56001
  • /19

    $305,000 New Construction

    • 3 Beds
    • 2.5 Baths
    • 1,800 Sq Ft

    3119 Scotch Ln, Mankato, MN 56001

    Estimated Date of Completion 3/15/26. Located on an interior lot, this Luxury New Construction Twin Home with open plan providing a foyer, great storage, kitchen center island, stainless appliances and main floor laundry. Upstairs you will find 3 generous bedrooms, including the Primary with en-suite bathroom and large walk in closet. Now available for immediate possession! Luxury Twin Homes with

    Rebecca Thate RE/MAX Advantage Plus

    3119 Scotch Ln, Mankato, MN 56001
  • /19

    $305,000 New Construction

    • 3 Beds
    • 2.5 Baths
    • 1,800 Sq Ft

    3117 Scotch Ln, Mankato, MN 56001

    Estimated Date of Completion 3/15/26. Located on an interior lot, this Luxury New Construction Twin Home with open plan providing a foyer, great storage, kitchen center island, stainless appliances and main floor laundry. Upstairs you will find 3 generous bedrooms, including the Primary with en-suite bathroom and large walk in closet. Now available for immediate possession! Luxury Twin Homes with

    Rebecca Thate RE/MAX Advantage Plus

    3117 Scotch Ln, Mankato, MN 56001
  • /29

    $586,000 New Construction

    • 6 Beds
    • 6 Baths
    • 3,600 Sq Ft

    3205 Scotch Ln, Mankato, MN 56001

    Estimated Completion: 12/15/25. Luxury New Construction Twin Home with open plan providing a foyer, great storage, kitchen center island, stainless appliances and main floor laundry. Upstairs you will find 3 generous bedrooms, including the Primary with en-suite bathroom and large walk in closet. Now available for immediate possession! Luxury Twin Homes with open plan providing a foyer, great

    Rebecca Thate RE/MAX Advantage Plus

    3205 Scotch Ln, Mankato, MN 56001
  • /16

    $269,900 New Construction

    • 2 Beds
    • 2 Baths
    • 863 Sq Ft

    3101 Scotch Ln, Mankato, MN 56001

    Brand new 2 bedroom, 2 bath home offers 863 sq. ft. of thoughtfully designed living space. The open floor plan creates a bright, welcoming atmosphere. Perfect for relaxing and entertaining. Enjoy stainless steel appliances in the modern kitchen. Appreciate the ease of a double attached garage for parking and storage. Whether you're starting out, downsizing, or investing, this home is the perfect

    Samantha Kaul Century 21 Atwood

    3101 Scotch Ln, Mankato, MN 56001
  • /19

    $299,900 New Construction

    • 3 Beds
    • 2.5 Baths
    • 1,800 Sq Ft

    3120 Scotch Ln, Mankato, MN 56001

    READY FOR October 31 Possession. Luxury New Construction Twin Home with open plan providing a foyer, great storage, kitchen center island, stainless appliances and main floor laundry. Upstairs you will find 3 generous bedrooms, including the Primary with en-suite bathroom and large walk in closet. Now available for immediate possession! Luxury Twin Homes with open plan providing a foyer, great

    Rebecca Thate RE/MAX Advantage Plus

    3120 Scotch Ln, Mankato, MN 56001
  • /26

    $303,000 New Construction

    • 3 Beds
    • 2.5 Baths
    • 1,800 Sq Ft

    3203 Scotch Ln, Mankato, MN 56001

    READY FOR October 1 Possession. Located on an interior lot, this Luxury New Construction Twin Home with open plan providing a foyer, great storage, kitchen center island, stainless appliances and main floor laundry. Upstairs you will find 3 generous bedrooms, including the Primary withen-suite bathroom and large walk in closet. Now available for immediate possession! Luxury Twin Homes with open

    Rebecca Thate RE/MAX Advantage Plus

    3203 Scotch Ln, Mankato, MN 56001

Why Live in Mankato

Outdoor recreation defines daily life in Mankato, with Minneopa State Park's majestic waterfalls and roaming bison herd drawing nature lovers year-round. Mount Kato provides skiing and snowboarding in winter, while transforming into mountain biking trails during summer months. The Minnesota and Blue Earth Rivers create endless possibilities for kayaking, canoeing, and fishing, complemented by the paved Red Jacket Trail system. Cultural attractions include live performances at Minnesota State University's Performing Arts Center and summer concerts at Vetter Stone Amphitheater. The dining scene features local favorites like El Mazatlan Mexican Restaurant, known for their Mazatan Cheese Steak, and Pagliai's Pizza's renowned pies and craft beer selection.

The median sale price for homes in Mankato is $310,000, with single-family homes ranging from $167,000 in Five Corners to $375,000 in Country Club Estates. Highland Park's median single-family home price sits at $264,000, while Sibley Park homes typically sell for $209,500. Townhomes have a median price of $299,900, and two-bedroom condos average $200,400.

Living costs run 5.2% below the national average. A family with school-age children needs approximately $100,000 annually to live comfortably, while renters should aim for $53,000. Property taxes in Blue Earth County stand at 0.98%, lower than neighboring Waseca at 1.19%. The public school system includes highly rated Franklin and Jefferson Elementary Schools. Minnesota State University Mankato serves as a major employer alongside Mayo Clinic Health System and Taylor Corporation. The Mankato Transit System connects residents throughout the city, while Minneapolis-St. Paul International Airport lies 75 miles away, typically a 1.5-hour drive.

Home Trends in Mankato, MN

Housing Trends

Median Sale Price
$300,450
Median Single Family Sale Price
$319,900
Median Townhouse Sale Price
$287,400
Median 2 Bedroom Sale Price
$219,900
Average Price Per Sq Ft
$155
Number of Homes for Sale
36
Last 12 months Home Sales
374
Months of Supply
1.20
Median List Price
$319,900
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-3%
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