Closed

$245,000

314 E Cherry St, Mankato, MN 56001

5beds

3baths

2,012sqft

Triplex

Built in 1904

-- sqft lot

$257,000 Zestimate^®

$122/sqft

$1,710 Estimated rent

Home value

$257,000

$224,000 - $296,000

$1,710/mo

Zestimate^® history

Owner options

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$1,710/mo

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$1,710/mo

Rent Zestimate^®

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$1,234/mo

Est. payment

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$1,234/mo

Est. payment

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What's special

Studio apartmentLaundry hook-upsOff street parkingAccess to the basement

Tri-Plex with a solid rental history and great cash flow! This tri-plex offers one 3 bdrm, one 2 bdrm, and one studio apartment. Tenants pay all of the utilities. There are six stalls off street parking. Unit #1 has access to the basement and laundry hook-ups. Gross rents are $2700/month. Each unit has it's own furnace. Top floor has C/A.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3

Heating

Forced Air

Appliances

Laundry: In Basement

Features

Has basement: Yes

Interior area

Total structure area: 2,012
Total interior livable area: 2,012 sqft
Finished area above ground: 2,012
Finished area below ground: 0

Property

Parking

Parking features: Concrete, Shared Driveway
Has uncovered spaces: Yes

Accessibility

Accessibility features: None

Features

Levels: Two
Patio & porch: Covered, Side Porch

Lot

Size: 3,267 sqft
Dimensions: 57.5 x 61
Features: Near Public Transit
Topography: Level

Details

Foundation area: 957
Parcel number: R010918176022
Zoning description: Residential-Multi-Family

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex

Materials

Frame
Foundation: Stone
Roof: Age Over 8 Years,Asphalt,Pitched

Condition

New construction: No
Year built: 1904

Utilities & green energy

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

Community & neighborhood

Location

Region: Mankato
Subdivision: Warrens Add

Other

Other facts

Road surface type: Paved

Price history

Date	Event	Price
4/3/2025	Sold	$245,000-9.2%$122/sqft
Source: NorthstarMLS as distributed by MLS GRID #6649557 Report a problem
1/16/2025	Pending sale	$269,900$134/sqft
Source: NorthstarMLS as distributed by MLS GRID #6649557 Report a problem
1/15/2025	Listed for sale	$269,900$134/sqft
Source: NorthstarMLS as distributed by MLS GRID #6649557 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,928 +1.2%	$162,000 -2.2%
2024	$3,880 +1.4%	$165,700
2023	$3,828 +5%	$165,700 +7.7%
2022	$3,646 +0.9%	$153,900 +18.4%
2021	$3,612 +90.7%	$130,000 +7.1%
2020	$1,894	$121,400
2019	$1,894 -5.7%	$121,400 -5.5%
2018	$2,008 +3.4%	$128,500 +2.6%
2017	$1,942 +10.3%	$125,300 +6.3%
2016	$1,760 +11138.8%	$117,900 +6.8%
2015	$16 -99.1%	$110,400 +4.1%
2014	$1,672	$106,100
2013	--	$106,100
2012	--	$106,100 -2.9%
2011	--	$109,300 -0.9%
2010	--	$110,300