Owner occupants are welcome. Bottom two units will be available in August. Turnkey 4-unit investment opportunity in the heart of downtown Mankato. This 4,000+ sq ft property includes one 2-bedroom unit and three 1-bedroom units, all with full bathrooms, generating $3,075/month in rental income. Tenants pay electric and Wi-Fi, helping offset owner expenses. Newer roof (2019). The 2-bedroom unit features a dishwasher, and all units offer some cosmetic updates. Additional highlights include shared on-site laundry on first floor, tall/vaulted ceilings, and two porches for extra storage. Located just minutes from downtown amenities, this property offers strong rental appeal and consistent occupancy potential. 24-hour notice to tour. Call for a private showing.
Active
Price cut: $15K (6/23)
$375,000
303 N Broad St, Mankato, MN 56001
5beds
4,911sqft
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$76/sqft
$-- HOA
What's special
- 90 days |
- 302 |
- 15 |
Zillow last checked:
Listing updated:
Listed by:
Tyler Bolduan,
Re/Max Dynamic Agents
Source: RASM,MLS#: 7039998
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
- Main level bedrooms: 3
Heating
- Boiler, Natural Gas
Cooling
- Unit 1: Central Air, Unit 2: Window Unit(s), Unit 3: Window Unit(s), Unit 4: Window Unit(s)
Appliances
- Included: Cooktop, Dishwasher, Freezer, Range, Refrigerator, Microwave, Range/Stove, Gas Water Heater
Features
- Unit 1: Vaulted Ceiling(s), Walk-In Closet(s), Unit 3: Walk-In Closet(s), Unit 4: Walk-In Closet(s)
- Flooring: Unit 1: Tile, Unit 2: Tile, Unit 3: Hardwood, Unit 4: Hardwood
- Basement: Stone,Partial
Interior area
- Total structure area: 4,911
- Total interior livable area: 4,911 sqft
- Finished area above ground: 4,019
- Finished area below ground: 0
Property
Parking
- Total spaces: 5
- Parking features: Concrete, Detached, On Street, Off Street, # Off Street Prkng Sp (L)
- Has garage: Yes
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,534 Square Feet
- Dimensions: 104 x 66
- Features: Corner Lot, Few Trees, Paved
Details
- Foundation area: 1479
- Parcel number: R010907456013
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
Community
- Features: Storage
Location
- Region: Mankato
Financial & listing details
- Price per square foot: $76/sqft
- Tax assessed value: $375,700
- Annual tax amount: $5,520
- Date on market: 4/17/2026
- Listing terms: Cash,Conventional
- Lease term: Month To Month,12 Months
- Total actual rent: 3025
- Tenant pays: Electricity
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/23/2026 | Price change | $375,000-3.8%$76/sqft |
Source:  RASM #7039998 Report a problem | ||
| 4/17/2026 | Listed for sale | $390,000+18.2%$79/sqft |
Source: RASM #7039998 Report a problem | ||
| 1/5/2023 | Sold | $330,000$67/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 |
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: 0.6 mi
- 6/10Prairie Winds Middle SchoolGrades: 6-8Distance: 2.8 mi
- 6/10Mankato East Senior High SchoolGrades: 9-12Distance: 2 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.
- $200,5003 bd-- ba2.8k sqft307 N Broad St, Mankato, MN 56001Off Market
- $220,0003 bd2 ba2k sqft309 N Broad St, Mankato, MN 56001Sold
- $249,0004 bd2 ba3.7k sqft315 N Broad St, Mankato, MN 56001For Sale
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- $--1 bd1 ba850 sqft109.5 N Broad St, Mankato, MN 56001Off Market
- $215,0003 bd2 ba2.2k sqft322 E Plum St, Mankato, MN 56001Sold
- $244,9003 bd2 ba2.3k sqft321 N Broad St, 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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