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.
Active
$419,000
1035 Thompson Ravine Rd, Mankato, MN 56001
8beds
4baths
3,760sqft
Triplex
Built in 1956
-- sqft lot
$406,100 Zestimate®
$111/sqft
$-- HOA
What's special
New floorOver an acre lot
- 103 days |
- 218 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Parveen Kumar 612-404-0166,
eXp Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7028529
Loading...
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
$406,100
$386,000 - $426,000
$1,446/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 | -- | $185,900 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 56001
Nearby schools
GreatSchools rating
- 8/10Franklin Elementary SchoolGrades: PK-5Distance: 1 mi
- 5/10Prairie Winds Middle SchoolGrades: 6-8Distance: 2.4 mi
- 6/10Mankato East Senior High SchoolGrades: 9-12Distance: 1.5 mi
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.
- Minnesota
- Blue Earth County
- Mankato
- 56001
- 1035 Thompson Ravine Rd
Nearby cities
Nearby zip codes
Other Mankato Topics
