1

Triplex for Sale in Mankato, MN

Section Image
  • 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

    Priced below replacement cost. 8 bed, 4 bath triplex in Mankato on over an acre lot in a growing location. All units are leased with monthly rent currently at $3050 at below market. Tenant pays all utilities. New floor, paint and furnace. Priced at above 6% cap current, (proforma higher with market appreciation, Cap rate calculates higher for self manage). Owner agent.

    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 57 days. The median sale price for homes in Mankato, MN over the last 12 months is $300,000, down 3% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$300,000
Median Single Family Sale Price
$304,000
Median Townhouse Sale Price
$303,500
Median 2 Bedroom Sale Price
$390,000
Average Price Per Sq Ft
$153
Number of Homes for Sale
104
Last 12 months Home Sales
558
Months of Supply
2.20
Median List Price
$314,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-3%

Popular Home Searches in Mankato, MN

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

How to Buy a Home How to Finance a Home How to Sell a Home

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage

Copyright © 2026 CoStar Group