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Triplex for Sale in Mankato, MN

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  • 1035 Thompson Ravine Rd, Mankato, MN 56001
    1035 Thompson Ravine Rd, Mankato, MN 56001
    1035 Thompson Ravine Rd, Mankato, MN 56001
    /7

    $419,000

    • 8 Beds
    • 4 Baths
    • 3,760 Sq Ft

    1035 Thompson Ravine Rd, Mankato, MN 56001

    8bed, 4 bath triplex in Mankato on over an acre lot in a growing location. Great long term hold asset. All units are leased with monthly rent currently at $3050 with room for rents to upside. Tenant pays all utilities except city bill. New floor, paint and furnace. Priced at above 6% cap current, (proforma higher with ability to raise rent or self manage)Agent is owner, bring all offers.

    Parveen Kumar eXp Realty

    1035 Thompson Ravine Rd, Mankato, MN 56001
Minnesota Blue Earth County Mankato

Real Estate & Homes for Sale in Mankato, MN

Home Trends in Mankato, MN

On average, homes in Mankato, MN sell after 38 days on the market compared to the national average of 55 days. The median sale price for homes in Mankato, MN over the last 12 months is $300,000, down 1% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$300,000
Median Single Family Sale Price
$299,950
Median Townhouse Sale Price
$314,950
Median 2 Bedroom Sale Price
$397,500
Average Price Per Sq Ft
$153
Number of Homes for Sale
80
Last 12 months Home Sales
556
Months of Supply
1.70
Median List Price
$303,315
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-1%

Popular Home Searches in Mankato, MN

In Mankato, buyers enjoy a mix of scenic river views, college-town charm, and practical Midwestern homes.

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