Active

Price cut: $15K (6/23)

$375,000

303 N Broad St, Mankato, MN 56001

5beds

4,911sqft

$2,483/mo

Get pre-qualified

Multi Family

Built in ----

-- sqft lot

$-- Zestimate^®

$76/sqft

$-- HOA

What's special

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.

137 days
211
9

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

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