Active

$350,000

409 Sherman St, North Mankato, MN 56003

6beds

3baths

2,184sqft

$2,389/mo

Get pre-qualified

Multi Family

Built in ----

-- sqft lot

$344,400 Zestimate^®

$160/sqft

$-- HOA

What's special

Highly sought-after unit mix

Prime Investment Opportunity! Recently updated triplex located in desirable lower North Mankato with convenient access to major highways, shopping, dining, and local amenities. This income-producing property features three 2-bedroom, 1-bathroom apartments, offering a highly sought-after unit mix with strong rental appeal. Recent improvements enhance the property's value and marketability, making it an excellent addition to an investment portfolio. Whether you are expanding your holdings or purchasing your first multifamily property, 409 Sherman Street presents a compelling opportunity for stable cash flow and long-term appreciation. Don't miss this turnkey investment opportunity! Agent has ownership in property.

11 days
232
17

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 3

Heating

Baseboard, Forced Air, Electric, Natural Gas

Cooling

Unit 1: Window Unit(s), Unit 2: Window Unit(s), Unit 3: Window Unit(s)

Appliances

Included: Individual Water Heaters

Features

Basement: Block,Stone,Full

Interior area

Total structure area: 2,184
Total interior livable area: 2,184 sqft
Finished area above ground: 2,184
Finished area below ground: 0

Property

Parking

Parking features: None

Features

Levels: Two
Stories: 2

Lot

Size: 5,662 Square Feet
Dimensions: 56 x 100

Details

Foundation area: 1024
Parcel number: 186430110

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Block, Wood Siding
Roof: Asphalt

Condition

Previously Owned
New construction: No

Utilities & green energy

Sewer: City
Water: Public

Community & HOA

Location

Region: North Mankato

Financial & listing details

Price per square foot: $160/sqft
Tax assessed value: $276,600
Annual tax amount: $4,585
Date on market: 10/9/2026
Listing terms: Cash,Conventional
Total actual rent: 2990
Tenant pays: Cable TV, Electricity, Trash Collection, Water/Sewer, Fuel

Estimated market value

$344,400

$327,000 - $362,000

$1,589/mo

Price history

Date	Event	Price
10/9/2026	Listed for sale	$350,000+68.6%$160/sqft
Source: RASM #267041736 Report a problem
4/23/2021	Sold	$207,551$95/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,838 +43.1%	$276,600
2024	$4,080 +14.9%	$276,600 +10.7%
2023	$3,550 +3.3%	$249,900 +11.2%
2022	$3,436 +9.2%	$224,800 +15.5%
2021	$3,146 -21.8%	$194,700 +3.3%
2020	$4,024	$188,400 +7.3%
2019	$4,024	$175,600 +19.7%
2018	--	$146,700 +14.8%
2017	--	$127,800
2016	--	--
2015	--	--
2011	--	--
2010	--	--