$320,000
UNDER CONTRACT $10K PRICE DROP

Estimated payment $1,958/month

Total Views 7,357
3 Beds
3 Baths
1,700 Sq Ft
$188 Price per Sq Ft

Highlights

  • Wood Flooring
  • 3 Car Detached Garage
  • Ceiling Fan
  • Jefferson Elementary School Rated A
  • Central Air
  • 2-minute walk to Stoltzman Road Park

About This Home

Licensed Triplex in Mankato – Recently Renovated Investor opportunity awaits! This licensed triplex in the heart of Mankato features three fully separate units, each with private entrances and updated living spaces. With recent renovations completed to electrical systems, HVAC, laundry, kitchens, and bathrooms, this property offers peace of mind and modern convenience for both owners and tenants. Each unit is thoughtfully laid out for comfortable living, with updated appliances, refreshed interiors, and ample natural light. Off-street parking and on-site laundry add even more value and tenant appeal. Whether you're looking to expand your rental portfolio or live in one unit while generating income from the others, this property checks all the boxes. Prime location, close to downtown, MSU, shopping, and restaurants. Main floor unit will be vacant as of 12/1 for the opportunity to owner occupy. Units two and three are leased through July 2026.

Listing Agent

Drew Peterson

CENTURY 21 ATWOOD License #40466222 Listed on: 09/12/2025

CENTURY 21 ATWOOD

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,294

Year Built

  • Built in 1910

Lot Details

  • Lot Dimensions are 45x140

Parking

  • 3 Car Detached Garage
  • Driveway

Home Design

  • Triplex
  • Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 1,700 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Wood Flooring
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Stone Basement

Location

  • Ground Level
  • Lower Level
  • Upper Level

Utilities

  • Central Air
  • Boiler Heating System

Community Details

  • 3 Units

Listing and Financial Details

  • The owner pays for fuel, trash, water/sewer
  • Assessor Parcel Number R01-08-13-433-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,294

Year Built

Built in 1910

Lot Details

0

Parking

3

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: Homestead
  • Style: Triplex
  • Construction: Previously Owned
  • Foundation Size: 1088
  • L V T Date: 09/12/2025
  • Parcel Number: R01-08-13-433-006
  • Rental License: Yes
  • Stories: 2 Story
  • Street Designation: Street
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 3
  • Basement Features: Partially Finished
  • Basement Material: Stone
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1700
  • Total Square Footage: 2788
  • Below Grade Finished Sq Ft: 544

Exterior Features

  • Frontage Road: City
  • Construction Type: Frame/Wood
  • Roof: Asphalt Shingles
  • Exterior Amenities: Driveway - Asphalt

Garage/Parking

  • Garage Type: Detached
  • Number Garage Spaces: 3

Utilities

  • Fuel: Natural Gas
  • Heat: Boiler
  • Sewer: City
  • Water: City

Lot Info

  • Estimated Lot Dimensions: 45x140

Rental Info

  • Owner Expense: Fuel, Trash, Water/Sewer
  • Tenant Expense: Broadband, Cable TV, Electric

Building Info

  • Year Built: 1910

Tax Info

  • Year: 2025
  • Tax Value: 3294

MLS Schools

  • School District: Mankato #77

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2025 10/23/25 Price Changed $320,000 -3.0% $188 / Sq Ft
09/12/2025 09/12/25 For Sale $330,000 -- $194 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7038563

REALTOR® Association of Southern Minnesota