217 E Spring St Mankato, MN 56001
Riverfront Park NeighborhoodEstimated payment $2,447/month
Highlights
- Porch
- Patio
- Forced Air Heating System
- Franklin Elementary School Rated A
About This Home
This exceptional 4-plex located in the heart of Central Mankato offers a fantastic investment opportunity with extensive upgrades and an outstanding rental history. With long-term tenants and leases in place through the fall of 2025, this property is a turn-key asset for any investor. Key features include but not limited to: updated electrical, plumbing, vinyl windows, newer furnace, coin-operated laundry, gutters, downspouts & more!! Simply too many upgrades to list! Whether you're an experienced investor or looking to start your portfolio, this property offers a rare combination of value, convenience & long-term potential. Contact me today for more details or to schedule a private showing! This 4-plex is a must-see!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,498
Year Built
- Built in 1881
Lot Details
- 4,792 Sq Ft Lot
- Lot Dimensions are 70x66
Parking
- Off-Street Parking
Home Design
- Quadruplex
- Frame Construction
- Asphalt Shingled Roof
- Stucco Exterior
Interior Spaces
- 3,217 Sq Ft Home
- 2-Story Property
- Range
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Stone Basement
Outdoor Features
- Patio
- Porch
Location
- Lower Level
- Upper Level
Utilities
- Window Unit Cooling System
- Forced Air Heating System
Community Details
- 4 Units
Listing and Financial Details
- The owner pays for lawn, snow, trash, water/sewer
- Assessor Parcel Number R01.09.07.451.006
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 | $3,592 | $270,200 | $22,700 | $247,500 |
| 2024 | $3,592 | $259,500 | $22,600 | $236,900 |
| 2023 | $3,422 | $259,500 | $22,600 | $236,900 |
| 2022 | $3,298 | $240,100 | $22,600 | $217,500 |
| 2021 | $3,014 | $213,300 | $22,600 | $190,700 |
| 2020 | $3,004 | $193,400 | $22,600 | $170,800 |
| 2019 | $2,604 | $193,400 | $22,600 | $170,800 |
| 2018 | $3,070 | $167,000 | $22,600 | $144,400 |
| 2017 | $4,124 | $198,800 | $23,300 | $175,500 |
| 2016 | $4,118 | $185,500 | $23,300 | $162,200 |
| 2015 | $41 | $185,500 | $23,300 | $162,200 |
| 2014 | $4,522 | $185,500 | $23,300 | $162,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/21/2025 07/21/25 | For Sale | $410,000 | 0.0% | $127 / Sq Ft |
| 07/21/2025 07/21/25 | Price Changed | $410,000 | -3.5% | $127 / Sq Ft |
| 07/01/2025 07/01/25 | Off Market | $425,000 | -- | -- |
| 05/07/2025 05/07/25 | For Sale | $425,000 | 0.0% | $132 / Sq Ft |
| 05/07/2025 05/07/25 | Price Changed | $425,000 | -8.6% | $132 / Sq Ft |
| 11/30/2024 11/30/24 | Pending | -- | -- | -- |
| 11/13/2024 11/13/24 | For Sale | $465,000 | -- | $145 / Sq Ft |
Source: REALTOR® Association of Southern Minnesota
MLS Number: 7036329
APN: R01-09-07-451-006
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