Opportunity knocks with this cash-flow tri-plex! Strong performing rental property generating $33,480 in annual gross rental income with an attractive cap rate potential at current list price. All three units currently occupied with established rental income in place. Tenants pay all utilities! Excellent opportunity for investors seeking immediate cash flow with future rental upside potential. Property offers a diverse unit mix with strong tenant appeal and a price point difficult to find in today’s multifamily market. Whether adding to an existing portfolio or entering multifamily investing for the first time, this property offers solid income, long-term appreciation potential, and strong demand in the area. Attractive price point, solid income history, and versatile occupancy options make this a property you won’t want to miss!
Active
$280,000
1104 N 5th St, Mankato, MN 56001
5beds
1,225sqft
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$229/sqft
$-- HOA
What's special
- 64 days |
- 332 |
- 22 |
Zillow last checked:
Listing updated:
Listed by:
Christa Wolner,
Connect Real Estate Group
Source: RASM,MLS#: 7040188
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 2
- Main level bedrooms: 3
Heating
- Boiler, Other
Cooling
- Unit 1: Window Unit(s), Unit 2: Window Unit(s), Unit 3: Window Unit(s)
Appliances
- Included: Range, Refrigerator, Range/Stove, Gas Water Heater
Features
- Basement: Unfinished,Stone,Full
- Has fireplace: No
Interior area
- Total structure area: 2,330
- Total interior livable area: 1,225 sqft
- Finished area above ground: 1,225
- Finished area below ground: 0
Property
Parking
- Total spaces: 6
- Parking features: Concrete, Detached
- Garage spaces: 3
Features
- Levels: Two
- Stories: 2
Lot
- Size: 10,454 Square Feet
- Dimensions: 66 x 158
- Features: Corner Lot, Landscaped
Details
- Foundation area: 1095
- Parcel number: R010908154013
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame/Wood, Brick
- Roof: Asphalt
Condition
- Previously Owned
- New construction: No
Utilities & green energy
- Sewer: City
- Water: Public
Community & HOA
Location
- Region: Mankato
Financial & listing details
- Price per square foot: $229/sqft
- Tax assessed value: $295,000
- Annual tax amount: $4,320
- Date on market: 5/6/2026
- Listing terms: Cash,Conventional
- Lease term: Month To Month,12 Months
- Total actual rent: 2790
- Tenant pays: Cable TV, Electricity, Trash Collection, Water/Sewer, Fuel
Estimated market value
Not available
Estimated sales range
Not available
$1,951/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/11/2026 | Listed for sale | $280,000+50.2%$229/sqft |
Source:  RASM #7040188 Report a problem | ||
| 11/1/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 8/29/2023 | Price change | $1,450+114.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/11/2023 | Price change | $675-51.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/7/2023 | Listed for rent | $1,400$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/2/2019 | Sold | $186,400+28.6%$152/sqft |
Source: Public Record Report a problem | ||
| 5/15/2012 | Sold | $145,000$118/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1788314 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,802 +0.4% | $295,000 +7.3% |
| 2024 | $3,788 +0.9% | $274,900 -1.7% |
| 2023 | $3,754 +19.1% | $279,700 +6.1% |
| 2022 | $3,152 -2.4% | $263,500 +29.3% |
| 2021 | $3,230 +19.5% | $203,800 +17.1% |
| 2020 | $2,704 | $174,000 |
| 2019 | $2,704 -5.7% | $174,000 -5.4% |
| 2018 | $2,866 +11.7% | $184,000 +10.8% |
| 2017 | $2,566 +10.2% | $166,000 +6.1% |
| 2016 | $2,328 +10530.1% | $156,400 +1% |
| 2015 | $22 -99.1% | $154,800 +4% |
| 2014 | $2,390 | $148,900 -2.4% |
| 2012 | -- | $152,500 -2.8% |
| 2011 | -- | $156,900 |
| 2010 | -- | $156,900 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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.
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Climate risks
Neighborhood: 56001
Nearby schools
GreatSchools rating
- 9/10Franklin Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 6/10Prairie Winds Middle SchoolGrades: 6-8Distance: 2.7 mi
- 6/10Mankato East Senior High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- District: Mankato #77
Source: RASM. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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
- 1104 N 5th St
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Nearby zip codes
Other Mankato Topics
