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520 S 2nd St
Mankato, MN 56001 Downtown Mankato

$564,900 USD

Multifamily For Sale • 3,525 SF

Property Details

Property Type Multifamily
Total Building Size 3,833 SF
Lot Size 0.23 AC
Year Built 1884
Cap Rate 7.95 %
Zoning Comm./Multi Family res.

30 Transit Score

60 Walk Score

                
                    Highlights
                
                                Off Campus Student Housing on the bus line
                            
                                Four streams of income $$$ Apartments/outdoor parking spaces/garage
                            
                                A+ walking score - bars, restaurants, groceries, entertainment, professional services, everything downtown

Financial Summary (Proforma)

Net Operating Income: $45,060 USD (2026)

Cap Rate:	7.95 %
Total Expenses:	$26,460 USD

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Kevin Goettl 651-500-4720 Kevin Goettl

520 S 2nd St Mankato, MN 56001 Downtown Mankato