This spacious 9 bedroom 5 bath licensed duplex is fully leased up. Tenants pay natural gas & electric owner pays w/s. Rent is $5015/month. Located in an "OPPORTUNITY ZONE"! Rents- 1 lease covers both units $4500/month, garage $150/month, surface parking $365/month. 8.6 CAP.
Active
Price increase: $50K (9/24)
$550,000
520 S 2nd St, Mankato, MN 56001
9beds
5baths
3,000sqft
Duplex Up and Down
Built in 1884
-- sqft lot
$529,600 Zestimate®
$183/sqft
$-- HOA
What's special
Surface parking
- 114 days
- 101
- 5
Zillow last checked:
Listing updated:
Listed by:
Kevin Goettl 651-500-4720,
RE/MAX Results
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7098936
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 5
Heating
- Baseboard, Forced Air
Features
- Basement: Unfinished
Interior area
- Total structure area: 4,000
- Total interior livable area: 3,000 sqft
- Finished area above ground: 3,000
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Assigned, Parking Lot
- Garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Two
Lot
- Size: 10,410 Square Feet
- Dimensions: 66 x 157.5
Details
- Foundation area: 1000
- Parcel number: R010918106027
- Zoning description: Business/Commercial,Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex Up and Down
Condition
- New construction: No
- Year built: 1884
Utilities & green energy
- Gas: Electric, Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Auditors 1
Location
- Region: Mankato
Financial & listing details
- Price per square foot: $183/sqft
- Tax assessed value: $357,900
- Annual tax amount: $5,260
- Date on market: 6/24/2026
- Cumulative days on market: 146 days
- Tenant pays: Broadband, Cable TV, Telephone
Estimated market value
$529,600
$503,000 - $556,000
$1,979/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/24/2026 | Price change | $550,000+10%$183/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7098936 Report a problem | ||
| 6/24/2026 | Listed for sale | $500,000-16.7%$167/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7098936 Report a problem | ||
| 10/17/2023 | Listing removed | -- |
Source:  RASM #7032280 Report a problem | ||
| 5/9/2023 | Listed for sale | $599,900+9.1%$200/sqft |
Source: RASM #7032280 Report a problem | ||
| 5/3/2021 | Sold | $550,000$183/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5702438 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,410 -6.9% | $357,900 -8.6% |
| 2024 | $5,810 +2.3% | $391,600 +1.4% |
| 2023 | $5,680 +25.1% | $386,100 +7.8% |
| 2022 | $4,542 +1.2% | $358,000 +39.8% |
| 2021 | $4,488 +4.1% | $256,100 +6.8% |
| 2020 | $4,310 | $239,900 |
| 2019 | $4,310 +10.4% | $239,900 -4.5% |
| 2018 | $3,904 +3.3% | $251,200 +2.6% |
| 2017 | $3,778 +10.5% | $244,900 +6.3% |
| 2016 | $3,420 +11127.8% | $230,400 +6.7% |
| 2015 | $30 -99% | $215,900 +3.9% |
| 2014 | $3,126 | $207,700 -0.1% |
| 2013 | -- | $208,000 +10.6% |
| 2012 | -- | $188,100 -8.5% |
| 2011 | -- | $205,600 -0.2% |
| 2010 | -- | $206,100 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 56001
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