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For Sale:  Mankato MLS# 7164120

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Active
$374,900
/mo Edit
Multi-family:  Duplex Up and Down
2 br • 2 ba • Built 1906
2,963 sqft • 0.24 acres
Mankato schools
MLS# 7164120
763-576-8286
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    Property Description

    Fantastic investment opportunity! This extensively renovated up-and-down duplex offers an exceptional combination of modern updates, classic charm, and established rental income! Currently generating $3, 520 per month ($42, 240 annually) from the two residential units and garage rentals, this property is an excellent opportunity for investors looking to expand their portfolio. Featuring a spacious 3-bedroom upper unit and 2-bedroom main-floor unit, the property offers over 2, 600 square feet of living space. The upper unit was completely remodeled in 2026, while the main-floor unit received a beautifully remodeled kitchen and bathroom. Additional 2026 improvements include all-new exterior vinyl siding, windows, kitchen appliances, updated electrical throughout the upper unit and portions of the main floor, and a new stackable washer and dryer upstairs. Other major improvements include a new roof in 2023 and a new boiler in 2022. Both units feature portable air conditioning, and tenants are responsible for all

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $374,900
    Price per sq ft: $127
    Property Type: Multi-family
    City: Mankato
    Garage Spaces: 2
    County: Blue Earth
    Year Built: 1906
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 56001
    Subdivision Name: Mankato

    Interior

    Bedrooms: 2
    Bathrooms: 2
    Finished Area: 2,963 ft2
    Living Area: 2,963 ft2
    Basement Details: Full

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Size: 1,064 ft2
    Foundation Size: 1,017 ft2
    Handicap Accessible: None
    Heating System: Boiler

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.24
    Geolocation: 44.172567, -93.994577
    Lot Dimensions: 66 x 157

    Schools

    School District: 77
    District Phone: 5073871868

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $3,914
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $3,934

    Income

    Annual Gross Income: $42,240

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Sewer System: City Sewer - In Street
    Water System: City Water - In Street

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of American Way Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.