Closed

$600,000

316 E Lafayette St, Mankato, MN 56001

8beds

8baths

4,488sqft

Quadruplex

Built in 1998

-- sqft lot

$659,700 Zestimate^®

$134/sqft

$1,512 Estimated rent

Home value

$659,700

$620,000 - $706,000

$1,512/mo

Zestimate^® history

Owner options

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$1,512/mo

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$1,512/mo

Rent Zestimate^®

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$3,746/mo

Est. payment

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$3,746/mo

Est. payment

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What's special

Welcome to an outstanding investment opportunity! This four-plex, featuring four 2-bedroom, 2-bathroom units, each spanning 1,122 square feet, is a prime choice for investors seeking a lucrative addition to their portfolio. The convenience factor is evident in every unit, as each comes equipped with its own garage, laundry and storage space. The property's well-built and maintained structure adds to its appeal, ensuring a solid and reliable investment for investors. Stability is key, and this property delivers with solid leases in place, offering a dependable stream of income. Located in a sought-after area, this four-plex is a simple, comfortable, and practical choice for those looking to maximize their investment potential. Act now to seize this opportunity – schedule a showing today! Tenants require a 24-hour notice. Agent is related to seller.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 8

Heating

Forced Air

Appliances

Laundry: In Unit

Features

Basement: Block,Daylight,Finished,Full

Interior area

Total structure area: 4,488
Total interior livable area: 4,488 sqft
Finished area above ground: 2,244
Finished area below ground: 2,244

Property

Parking

Total spaces: 4
Parking features: Garage
Garage spaces: 4

Accessibility

Accessibility features: None

Features

Levels: Multi/Split

Lot

Size: 0.28 Acres

Details

Foundation area: 2244
Parcel number: R010907282012

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex

Materials

Roof: Asphalt

Condition

New construction: No
Year built: 1998

Utilities & green energy

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

Community & HOA

Community

Subdivision: Revised Auditors 19

Location

Region: Mankato

Financial & listing details

Price per square foot: $134/sqft
Annual tax amount: $6,926
Date on market: 1/18/2024
Cumulative days on market: 74 days

Price history

Date	Event	Price
7/1/2024	Sold	$600,000-6.1%$134/sqft
Source: NorthstarMLS as distributed by MLS GRID #6478785 Report a problem
4/1/2024	Pending sale	$639,000$142/sqft
Source: NorthstarMLS as distributed by MLS GRID #6478785 Report a problem
3/20/2024	Contingent	$639,000$142/sqft
Source: RASM #7034144 Report a problem
1/18/2024	Listed for sale	$639,000+33.1%$142/sqft
Source: RASM #7034144 Report a problem
5/1/2020	Sold	$480,000-8.6%$107/sqft
Source: NorthstarMLS as distributed by MLS GRID #5501316 Report a problem
3/13/2020	Pending sale	$525,000$117/sqft
Source: NuStar Realty #5501316 Report a problem
3/7/2020	Listed for sale	$525,000$117/sqft
Source: NU STAR REALTY #7023400 Report a problem