303 N Broad Street, Mankato, MN 56001

$349,900
5
BD
4
BA
3,706
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$349,900
MLS#
7160023
Status
ACTIVE
Type
Multifamily
Bedrooms
5
Bathrooms
4
Living Area
3,706
Acres
0.16
Subdivision
Mankato
Year Built
1885

Property Description

Excellent investment opportunity in the heart of downtown Mankato! This fourplex features 4 separate units, including one 2-bedroom unit and three 1-bedroom units, with 4 full bathrooms. Two of the four units are currently occupied, providing immediate rental income. The property has a history of generating $3,000+ in monthly rental income and offers four kitchens, each equipped with an oven and refrigerator, while the 2-bedroom unit also includes a dishwasher. Additional features include vaulted ceilings, hardwood and tile flooring, on-site laundry, two porches, a 1-car garage, and a desirable corner lot. A great opportunity to add an income-producing property in a convenient downtown location.

Additional Information

School District
Mankato
Tax Year
2026
Fuel
Natural Gas
Lot Description
Corner Lot
Sewer
City Sewer/Connected
Heating
Boiler
Water
City Water/Connected
Basement
Unfinished
Garage Spaces
1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Tracy Sells LLC.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Listing data © 2026 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.