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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

    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.Preapproval letter

    Parveen Kumar eXp Realty

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

Real Estate & Homes for Sale in Mankato, MN

Home Prices in Mankato, MN

The median home sale price in Mankato, MN is $300,000, up 3% year-over-year. Homes in Mankato sell in 39 days on average, compared to the national average of 56 days.

Home Price Trends

Median Sale Price
$300,000
Median Single Family Sale Price
$310,000
Median Townhouse Sale Price
$295,000
Median 2 Bedroom Sale Price
$264,950
Median 1 Bedroom Sale Price
$198,000
Average Price Per Sq Ft
$155
Number of Homes for Sale
132
Last 12 months Home Sales
557
Months of Supply
2.80
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.

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