$500,000

520 S 2nd St Mankato, MN 56001

Mankato Area

Estimated payment $3,104/month

Total Views 983
9 Beds
5 Baths
3,000 Sq Ft
$167 Price per Sq Ft

Highlights

  • Forced Air Heating System
  • Baseboard Heating
  • 1-minute walk to Malda Farnham Park
  • Washington Elementary School Rated 9+

About This Home

Motivated seller. Lease option or CONTRACT for DEED possible. Price in all terms negotiable. LOCATED IN AN OPPORTUNITY ZONE. ZONED CBDF-central business district fringe. Bring in all offers. Control this property for flexible down payment and terms, triple net lease preferred. Zoned for commercial or residential use. Rented parking spaces. Rented garage. Nine bedrooms, four bathrooms

Listing Agent

Kevin Goettl

RE/MAX Results Listed on: 06/24/2026

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,410

Year Built

  • Built in 1884

Lot Details

  • Lot Dimensions are 66x157.5

Parking

  • 2 Car Garage
  • Parking Lot
  • Assigned Parking

Home Design

  • Duplex
  • Stone Foundation
  • Stucco Exterior

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Utilities

  • Forced Air Heating System
  • Baseboard Heating

Community Details

  • 2 Units
  • Auditors 1 Subdivision

Listing and Financial Details

  • The owner pays for electricity, heat, hot water, insurance, grounds care, repairs, snow removal, taxes, trash collection, water
  • Assessor Parcel Number R010918106027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,410

Year Built

Built in 1884

Lot Details

10,019 Sq Ft Lot

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Outside Features: Stone, Stucco
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1884
  • Above Grade Finished Sq Ft: 3000
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Y
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Living Area: 3000
  • Owner Pays: Electricity, Heat, Hot Water, Insurance, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection, Water
  • Basement YN: Yes

Beds/Baths

  • Total Bedrooms: 9

Exterior Features

  • Foundation Details: Stone

Garage/Parking

  • Parking Features: Assigned, Parking Lot

Utilities

  • Heating: Baseboard, Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Electric, Natural Gas

Schools

  • Junior High Dist: Mankato
  • SchoolDistrictPhone: 5073871868

Lot Info

  • Waterfront YN: No
  • Lot Size: 66x157.5
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Business/Commercial,Residential-Multi-Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Units Total: 2

Tax Info

  • Tax Year: 2026
  • Assessor Parcel Number: R010918106027
  • Tax Annual Amount: 5410
  • TaxWithAssessments: 5410

Multi Family

  • TenantPays: Broadband, Cable TV, Telephone
  • ElectricExpense: 8060
  • FuelExpense: 1200
  • Resident Manager Expense: 3000

Map

Range of Values:

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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
06/24/2026 06/24/26 For Sale $500,000 -- $167 / Sq Ft
Source: NorthstarMLS

Source: NorthstarMLS

MLS Number: 7098936

NorthstarMLS

APN: R01-09-18-106-027

Minnesota Blue Earth County Mankato 56001

520 S 2nd St, Mankato, MN

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.

NorthstarMLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of NorthstarMLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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Kevin Goettl
Listing Agent
Kevin Goettl
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(507) 417-2931
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