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About This Home

This 5-bedroom, 4-bathroom residential multi family at 303 N Broad Street in Mankato, MN is listed for $390,000. Built in 1885, on a 0.15 acres lot.

Agent Description

Owner occupants are welcome. Bottom two units will be available in August. Turnkey 4-unit investment opportunity in the heart of downtown Mankato. This 4,000+ sq ft property includes one 2-bedroom unit and three 1-bedroom units, all with full bathrooms, generating $3,075/month in rental income.

Tenants pay electric and Wi-Fi, helping offset owner expenses. Newer roof (2019). The 2-bedroom unit features a dishwasher, and all units offer some cosmetic updates. Additional highlights include shared on-site laundry on first floor, tall/vaulted ceilings, and two porches for extra storage. Located just minutes from downtown amenities, this property offers strong rental appeal and consistent occupancy potential. 24-hour notice to tour. Call for a private showing.

Key Features

  • Built in 1885
  • 0.15 acre lot
  • 2 stories

Property Details

2 stories
4 full
1885

Monthly Cost Estimate

$2,086/mo

20% down · 6.5% · 30 years

Principal$282
Interest$1,690
Insurance$114

Estimates only. Actual payments may vary.

Location

303 N Broad Street

Mankato, MN 56001

Features & Amenities

Interior Features

Main Floor Laundry

Exterior Features

Driveway - Concrete

Property Details

Heating

Oil

Questions & Answers

This 5-bedroom, 4-bathroom residential multi family at 303 N Broad Street is listed at $390,000. The estimated monthly payment is $1,690 based on 20% down at 6.5% interest.

Key features include: Built in 1885, 0.15 acre lot, 2 stories. Interior Features: Main Floor Laundry. Exterior Features: Driveway - Concrete.

This property is listed by Tyler Bolduan and can be reached at 5073633300 or tylerbolduan.remax@gmail.com.

TB

Tyler Bolduan

Agent at RE/MAX DYNAMIC AGENTS

(507) 363-3300

Listed by RE/MAX DYNAMIC AGENTS · View on Broker Site

MLS# 7039998· Source: listhub· Updated 45 days ago

Copyright © 2026 Realtor Association of Southern Minnesota. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

303 N Broad Street, Mankato, MN 56001

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