217 Center St Mankato, MN 56001
Lincoln Park NeighborhoodEstimated payment $2,136/month
Highlights
- 2 Car Detached Garage
- Water Softener is Owned
- 2-minute walk to Lincoln Park
- Jefferson Elementary School Rated A
- Forced Air Heating System
About This Home
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, shiplap, siding, windows, roof, landscaping. There is also the option to convert back to single family home as all levels can still be reached from within if desired. -Considering a multi-generational living arrangement? This property could be perfect for that as well. The possibilities are endless! This one has truly been transformed; then painstakingly maintained, to offer the next owner a superb property! With everything that has been done to this one, all you need to do is make it yours!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,080
Year Built
- Built in 1895
Lot Details
- 6,970 Sq Ft Lot
- Lot Dimensions are 52x132
Parking
- 2 Car Detached Garage
Home Design
- Triplex
- Frame Construction
- Asphalt Shingled Roof
- Metal Siding
Interior Spaces
- 3,712 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Bathrooms
Basement
- Partial Basement
- Stone Basement
Location
- Ground Level
- Upper Level
Utilities
- Forced Air Heating System
- Gas Water Heater
- Water Softener is Owned
Community Details
- 3 Units
Listing and Financial Details
- Assessor Parcel Number R01.09.18.304.010
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,080 | $343,400 | $28,000 | $315,400 |
| 2024 | $4,080 | $322,400 | $28,000 | $294,400 |
| 2023 | $3,810 | $316,900 | $28,000 | $288,900 |
| 2022 | $2,736 | $284,400 | $28,000 | $256,400 |
| 2021 | $2,538 | $229,000 | $28,000 | $201,000 |
| 2020 | $2,132 | $183,500 | $28,000 | $155,500 |
| 2019 | $2,134 | $183,500 | $28,000 | $155,500 |
| 2018 | $1,882 | $183,200 | $28,000 | $155,200 |
| 2017 | $1,544 | $165,400 | $28,000 | $137,400 |
| 2016 | $1,906 | $146,600 | $28,000 | $118,600 |
| 2015 | $18 | $175,100 | $28,000 | $147,100 |
| 2014 | $1,964 | $168,400 | $28,000 | $140,400 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/13/2025 09/13/25 | Price Changed | $340,000 | -2.9% | $92 / Sq Ft |
| 06/20/2025 06/20/25 | Price Changed | $350,000 | -5.4% | $94 / Sq Ft |
| 05/13/2025 05/13/25 | Price Changed | $369,900 | -2.6% | $100 / Sq Ft |
| 04/11/2025 04/11/25 | For Sale | $379,900 | +153.3% | $102 / Sq Ft |
| 06/01/2016 06/01/16 | Sold | $150,000 | -3.2% | $45 / Sq Ft |
| 04/18/2016 04/18/16 | Pending | -- | -- | -- |
| 01/02/2016 01/02/16 | For Sale | $154,900 | -- | $47 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $150,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $120,000 | Commercial |
Source: REALTOR® Association of Southern Minnesota
MLS Number: 7037301
APN: R01-09-18-304-010
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