Active

$349,900

303 N Broad St, Mankato, MN 56001

5beds

4baths

3,706sqft

$2,411/mo

Get pre-qualified

Fourplex

Built in 1885

-- sqft lot

$343,100 Zestimate^®

$94/sqft

$-- HOA

What's special

Hardwood and tile flooringTwo porchesVaulted ceilingsOn-site laundryFour kitchensDesirable corner lot

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.

2 days
153
6

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 4

Heating

Boiler

Appliances

Laundry: Main Level

Features

Basement: Unfinished

Interior area

Total structure area: 4,815
Total interior livable area: 3,706 sqft
Finished area above ground: 3,706
Finished area below ground: 0

Property

Parking

Total spaces: 1
Parking features: Garage
Garage spaces: 1

Accessibility

Accessibility features: None

Features

Levels: Two

Lot

Size: 6,838 Square Feet
Features: Corner Lot

Details

Foundation area: 1109
Parcel number: R010907456013

Construction

Type & style

Home type: MultiFamily
Property subtype: Fourplex

Condition

New construction: No
Year built: 1885

Utilities & green energy

Gas: Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected

Community & HOA

Community

Subdivision: Mankato

Location

Region: Mankato

Financial & listing details

Price per square foot: $94/sqft
Tax assessed value: $375,700
Annual tax amount: $5,500
Date on market: 10/14/2026

Estimated market value

$343,100

$326,000 - $360,000

$1,510/mo

Price history

Date	Event	Price
10/14/2026	Listed for sale	$349,900-6.7%$94/sqft
Source: NorthstarMLS as distributed by MLS GRID #7160023 Report a problem
10/11/2026	Listing removed	$375,000$101/sqft
Source: RASM #7039998 Report a problem
6/23/2026	Price change	$375,000-3.8%$101/sqft
Source: RASM #7039998 Report a problem
4/17/2026	Listed for sale	$390,000+18.2%$105/sqft
Source: RASM #7039998 Report a problem
1/5/2023	Sold	$330,000$89/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,392	$375,700 -3.8%
2024	--	$390,400
2023	--	$390,400 +8.2%
2022	--	$360,800 +13.7%
2021	$4,474 +0.3%	$317,400 +10.3%
2020	$4,460	$287,800
2019	$4,460 +7.6%	$287,800 +7.9%
2018	$4,146 -1.3%	$266,800 -2.1%
2017	$4,202 +11.3%	$272,600 +7.1%
2016	$3,776 +8929.2%	$254,500
2015	$42 -99.1%	$254,500
2014	$4,496	$254,500 +4.6%
2013	--	$243,400
2012	--	$243,400 +1%
2011	--	$241,100
2010	--	$241,100