About This Home

This 5-bedroom, 3-bathroom multi-family at 409 Sherman Street in North Mankato, MN is listed for $350,000. Built in 1920, on a 0.13 acres lot.

Key Features

  • Built in 1920
  • 0.13 acre lot
  • 2 stories

Property Details

2 stories
3 full
1920
Listing Description

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.

Monthly Cost Estimate

$1,872/mo

20% down · 6.5% · 30 years

Principal$253
Interest$1,517
Insurance$102

Estimates only. Actual payments may vary.

Location

409 Sherman Street

North Mankato, MN 56003

Property Details

Heating

Forced AirBaseboard

Questions & Answers

This 5-bedroom, 3-bathroom multi-family at 409 Sherman Street is listed at $350,000. The estimated monthly payment is $1,872 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1920, 0.13 acre lot, 2 stories.

This property is listed by Kenneth Hauschild.

KH

Kenneth Hauschild

Agent at eXp Realty LLC

Listed by eXp Realty LLC · Broker phone: (612) 751-9303 · View on Broker Site

MLS# 267041736· Source: Realtor Association of Southern Minnesota· 20 days on PropertySimple

Copyright © 2026 Realtor Association of Southern Minnesota. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

409 Sherman Street, North Mankato, MN 56003

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