About This Home

This 0-bedroom, 0-bathroom commercial at 123 N 4th Street in Mankato, MN is listed for $2,100,000. Built in 1926, on a 0.24 acres lot.

Key Features

  • Built in 1926
  • 0.24 acre lot

Property Details

1926
Listing Description

28-unit apartment building investment opportunity! This property features 19 one-bedroom units, 3 two-bedroom units, and 6 studio apartments. Recent improvements include new windows, updated flooring, fresh paint, new doors, tiled hallways, on site laundry area, and select units with upgraded kitchen cabinetry and countertops.

While many updates have been completed, the property still offers additional renovation opportunities for a new owner to further enhance value and increase rents. With the ability to update remaining units and place your own tenants, this is an ideal opportunity for investors looking to customize management and maximize returns. Located within walking distance to downtown amenities and public transit.

Monthly Cost Estimate

$11,231/mo

20% down · 6.5% · 30 years

Principal$1,519
Interest$9,100
Insurance$613

Estimates only. Actual payments may vary.

Location

123 N 4th Street

Mankato, MN 56001

Property Details

Parking

On Street

Heating

Oil

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 123 N 4th Street is listed at $2,100,000. The estimated monthly payment is $11,232 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1926, 0.24 acre lot.

This property is listed by Shawna L. Wolfe.

SW

Shawna L. Wolfe

Agent at Keller Williams Premier Realty Rochester

Listed by Keller Williams Premier Realty Rochester · Broker phone: (507) 424-4422 · Broker website

MLS# 7049981· Source: Northstar MLS· 204 days on PropertySimple

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

123 N 4th Street, Mankato, MN 56001

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