Priced below replacement cost. 8 bed, 4 bath triplex in Mankato on over an acre lot in a growing location. All units are leased with monthly rent currently at $3050 at below market. Tenant pays all utilities. New floor, paint and furnace. Priced at above 6% cap current, (proforma higher with market appreciation, Cap rate calculates higher for self manage). Owner agent.
Preapproval letter preferred prior to showing , please contact the agent for rent roll. 24-48 hr notice needed for tenants prior to showing.
Active
$419,000
1035 Thompson Ravine Rd, Mankato, MN 56001
8beds
4baths
3,760sqft
:
Get pre-qualified$2,746/mo
Triplex
Built in 1956
-- sqft lot
$405,500 Zestimate®
$111/sqft
$-- HOA
What's special
New floorOver an acre lot
- 150 days |
- 174 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Parveen Kumar 612-404-0166,
eXp Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7028529
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air
Appliances
- Laundry: Common Area
Features
- Basement: Full
Interior area
- Total structure area: 3,760
- Total interior livable area: 3,760 sqft
- Finished area above ground: 2,160
- Finished area below ground: 1,600
Property
Parking
- Total spaces: 1
- Parking features: Asphalt
- Garage spaces: 1
Accessibility
- Accessibility features: None
Features
- Levels: One
Lot
- Size: 1.39 Acres
Details
- Foundation area: 1600
- Parcel number: R010908277004
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Roof: Flat
Condition
- New construction: No
- Year built: 1956
Utilities & green energy
- Electric: Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Gerdts Sub
HOA
- Amenities included: Laundry
Location
- Region: Mankato
Financial & listing details
- Price per square foot: $111/sqft
- Tax assessed value: $299,800
- Annual tax amount: $4,402
- Date on market: 3/1/2026
- Tenant pays: All Utilities
Estimated market value
$405,500
$385,000 - $426,000
$1,734/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/1/2026 | Listed for sale | $419,000+48.1%$111/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7028529 Report a problem | ||
| 8/16/2023 | Sold | $283,000-16.7%$75/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6385618 Report a problem | ||
| 8/8/2023 | Pending sale | $339,900$90/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6385618 Report a problem | ||
| 8/4/2023 | Contingent | $339,900$90/sqft |
Source:  RASM #7032575 Report a problem | ||
| 8/1/2023 | Listed for sale | $339,900$90/sqft |
Source: RASM #7032575 Report a problem | ||
| 7/26/2023 | Contingent | $339,900$90/sqft |
Source: RASM #7032575 Report a problem | ||
| 7/11/2023 | Price change | $339,900-2.9%$90/sqft |
Source: RASM #7032575 Report a problem | ||
| 6/12/2023 | Listed for sale | $349,900+218.1%$93/sqft |
Source: RASM #7032575 Report a problem | ||
| 5/31/2018 | Listing removed | $675 |
Source: MLB Property Management Report a problem | ||
| 5/17/2018 | Listed for rent | $675-56.9% |
Source: MLB Property Management Report a problem | ||
| 8/22/2017 | Listing removed | $1,567 |
Source: MLB Property Management Report a problem | ||
| 7/19/2017 | Listed for rent | $1,567 |
Source: Zillow Rental Manager Report a problem | ||
| 3/2/2012 | Sold | $110,000-36.3%$29/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1155544 Report a problem | ||
| 7/3/2007 | Sold | $172,800$46/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,422 -0.6% | $299,800 -6.3% |
| 2024 | $4,448 +0.9% | $319,800 -2.7% |
| 2023 | $4,410 +18.2% | $328,600 +6.1% |
| 2022 | $3,730 -2.8% | $309,800 +28.3% |
| 2021 | $3,838 -9.3% | $241,400 +6.5% |
| 2020 | $4,230 | $226,600 |
| 2019 | $4,230 +2.6% | $226,600 +3.3% |
| 2018 | $4,124 +9.2% | $219,300 +10.5% |
| 2017 | $3,776 +8% | $198,400 +6% |
| 2016 | $3,496 +12022.1% | $187,200 +0.3% |
| 2015 | $29 -99% | $186,700 -65.4% |
| 2014 | $3,034 | $539,100 +202.4% |
| 2013 | -- | $178,300 +1.9% |
| 2012 | -- | $174,900 -5.9% |
| 2011 | -- | $185,900 |
| 2010 | -- | $185,900 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 56001
Nearby schools
GreatSchools rating
- 9/10Franklin Elementary SchoolGrades: PK-5Distance: 1 mi
- 6/10Prairie Winds Middle SchoolGrades: 6-8Distance: 2.4 mi
- 6/10Mankato East Senior High SchoolGrades: 9-12Distance: 1.5 mi
- $--3 bd1 ba-- sqft1035 Thompson Ravine Rd APT 1, Mankato, MN 56001Off Market
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- $217,9003 bd2 ba1.9k sqft933 Thompson Ravine Rd, Mankato, MN 56001Off Market
- $142,9003 bd1 ba1k sqft1034 Thompson Ravine Rd, Mankato, MN 56001Sold
- $156,8003 bd1 ba1k sqft1036 Thompson Ravine Rd, Mankato, MN 56001Off Market
- $235,7003 bd1 ba1.1k sqft1030 Thompson Ravine Rd, Mankato, MN 56001Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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