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Off market
  • $223,200

    712 N 2nd St, Mankato, MN 56001

    4beds
    2baths
    2,162sqft
    MultiFamily
    Built in 1891
    -- sqft lot
    $223,200 Zestimate®
    $103/sqft
    $1,299 Estimated rent

    Home value

    $223,200

    $199,000 - $246,000

    $1,299/mo

    Zestimate® history
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    $1,124/mo

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    What's special

    Investors dream! Cute duplex that has excellent rental history. Centrally located with a 5 person unrelated rental license, this duplex had a new roof in 2012, has maintenance free brick exterior and newer furnaces and hot water heaters. Upper level is currently rented with the lower level recently vacant but owner is actively searching for a tenant. Exterior doors are keyed individually so the duplex is secure. 2 stall detached garage in the back is used by tenants and included in the monthly rent. (One stall per duplex) Off street and parking lot parking available as well. Fresh paint and carpet on the main level. The basement has separate washer and dryers for each level and utilities are all separately metered which tenants are responsible for. Excellent cash flow and nice cap rate for investors!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2.75
    Heating
    • Forced air
    Cooling
    • None
    Features
    • Flooring: Carpet, Linoleum / Vinyl
    Interior area
    • Total interior livable area: 2,162 sqft

    Property

    Parking
    • Parking features: Garage - Detached
    Features
    • Exterior features: Brick
    Lot
    • Size: 4,878 sqft
    Details
    • Parcel number: R010907404009

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Conventional
    Materials
    • brick
    • Foundation: Stone
    • Roof: Asphalt
    Condition
    • Year built: 1891

    Community & neighborhood

    Location
    • Region: Mankato

    Price history

    DateEventPrice
    2/28/2014Sold$135,400+23.1%$63/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #2131308 Report a problem
    3/26/2012Sold$110,000$51/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #1697535 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,850 +2.2%$188,100 -8.5%
    2024$2,790 +2.6%$205,600
    2023$2,718 +12.1%$205,600 +7.9%
    2022$2,424 +2.5%$190,500 +21.8%
    2021$2,364 +5%$156,400 +8.2%
    2020$2,252 $144,600
    2019$2,252 -1.3%$144,600 -1.1%
    2018$2,282 +3.4%$146,200 +2.6%
    2017$2,206 +10.6%$142,500 +6.5%
    2016$1,994 +11854.4%$133,800 +7%
    2015$17 -99.2%$125,100 +10.7%
    2014$2,076 $113,000
    2013-- $113,000 -0.2%
    2012-- $113,200 -9.9%
    2011-- $125,700
    2010-- $125,700

    Find assessor info on the county website

    Neighborhood: 56001

    Nearby schools

    GreatSchools rating
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