Active

$280,000

1104 N 5th St, Mankato, MN 56001

5beds

1,225sqft

$1,853/mo

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Multi Family

Built in ----

-- sqft lot

$-- Zestimate^®

$229/sqft

$-- HOA

What's special

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!

109 days

327

11

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

$1,968/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