0 Locke St Mankato, MN 56001
Lincoln Park NeighborhoodEstimated payment $1,584/month
Highlights
- Deck
- Balcony
- Porch
- Jefferson Elementary School Rated A-
- Fireplace
- 4-minute walk to Lincoln Park
About This Home
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!!
Listing Agent
Keller Williams Premier Realty License #40915308 Listed on: 07/20/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,704
Year Built
- Built in 1890
Lot Details
- 8,276 Sq Ft Lot
- Lot Dimensions are 69x118
Home Design
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 2,039 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Fireplace
- Tile Flooring
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Laundry
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Stone Basement
Parking
- 5 Parking Spaces Included
- Driveway
- Off-Street Parking
Outdoor Features
- Balcony
- Deck
- Porch
Utilities
- Forced Air Heating and Cooling System
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number R01.09.18.305.007
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/20/2026 07/20/26 | For Sale | $250,000 | -- | $123 / Sq Ft |
Source: REALTOR® Association of Southern Minnesota
MLS Number: 267040989
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Ask me questions while you tour the home.