Curious about this home?
Ask anything — no agents, no pressure
Try asking
About This Home
This 5-bedroom, 2-bathroom multi-family at 1104 N 5th Street in Mankato, MN is listed for $280,000 ($229 per sqft). Built in 1896, the home offers 1,225 sqft of living space on a 0.24 acres lot.
Opportunity knocks with this cash-flow tri-plex! Strong performing rental property generating $33,480 in annual gross rental income with an attractive cap rate potential at current list price. All three units currently occupied with established rental income in place.
Tenants pay all utilities! Excellent opportunity for investors seeking immediate cash flow with future rental upside potential. Property offers a diverse unit mix with strong tenant appeal and a price point difficult to find in today's multifamily market.
Whether adding to an existing portfolio or entering multifamily investing for the first time, this property offers solid income, long-term appreciation potential, and strong demand in the area. Attractive price point, solid income history, and versatile occupancy options make this a property you won't want to miss!
Key Features
- Built in 1896
- 0.24 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$1,497/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1104 N 5th Street
Mankato, MN 56001
Features & Amenities
Exterior Features
Property Details
Heating
Questions & Answers
This 5-bedroom, 2-bathroom multi-family at 1104 N 5th Street is listed at $280,000 ($229/sqft). The estimated monthly payment is $1,213 based on 20% down at 6.5% interest.
Key features include: Built in 1896, 0.24 acre lot, 2 stories. Exterior Features: Driveway - Concrete.
This property is listed by Christa Wolner and can be reached at 5073276300 or christa@connectmankato.com.
