303 N Broad Street Mankato, MN - Image 1303 N Broad Street Mankato, MN - Image 2303 N Broad Street Mankato, MN - Image 3303 N Broad Street Mankato, MN - Image 4303 N Broad Street Mankato, MN - Image 5303 N Broad Street Mankato, MN - Image 6303 N Broad Street Mankato, MN - Image 7303 N Broad Street Mankato, MN - Image 8303 N Broad Street Mankato, MN - Image 9303 N Broad Street Mankato, MN - Image 10303 N Broad Street Mankato, MN - Image 11303 N Broad Street Mankato, MN - Image 12303 N Broad Street Mankato, MN - Image 13303 N Broad Street Mankato, MN - Image 14303 N Broad Street Mankato, MN - Image 15303 N Broad Street Mankato, MN - Image 16303 N Broad Street Mankato, MN - Image 17303 N Broad Street Mankato, MN - Image 18303 N Broad Street Mankato, MN - Image 19303 N Broad Street Mankato, MN - Image 20303 N Broad Street Mankato, MN - Image 21303 N Broad Street Mankato, MN - Image 22303 N Broad Street Mankato, MN - Image 23303 N Broad Street Mankato, MN - Image 24303 N Broad Street Mankato, MN - Image 25303 N Broad Street Mankato, MN - Image 26303 N Broad Street Mankato, MN - Image 27303 N Broad Street Mankato, MN - Image 28303 N Broad Street Mankato, MN - Image 29303 N Broad Street Mankato, MN - Image 30303 N Broad Street Mankato, MN - Image 31

$349,900

5 Beds 4 Baths 3,706 SQFT 0.16 Acres
Type: Multi-Family

303 N Broad Street
Mankato, MN 56001

MLS#: 7160023
Lynnea Wetzel
Lynnea Wetzel
The Real Estate Advantage
Agent
Phone: 612.702.3687
Office: 507.665.3777
Presented by: Tracy Sells LLC

Property Description

 

Excellent investment opportunity in the heart of downtown Mankato! This fourplex features 4 separate units, including one 2-bedroom unit and three 1-bedroom units, with 4 full bathrooms. Two of the four units are currently occupied, providing immediate rental income. The property has a history of generating $3,000+ in monthly rental income and offers four kitchens, each equipped with an oven and refrigerator, while the 2-bedroom unit also includes a dishwasher. Additional features include vaulted ceilings, hardwood and tile flooring, on-site laundry, two porches, a 1-car garage, and a desirable corner lot. A great opportunity to add an income-producing property in a convenient downtown location.


 

Interior Features

Bedrooms

Total Bedrooms5

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area3,706 sqft
BasementUnfinished
Basement (Y/N)Yes
Below Grade Finished Area0 sqft
FuelNatural Gas
Garage Square Feet357
Laundry FeaturesMain Level

General

AccessibilityNone
Additional Parcels Y/NNo
CityMankato
ContingencyNone
CountyBlue Earth
DirectionsFrom Riverfront Drive, turn east onto Plum Street. Turn left onto N Broad Street. Property is located at 303 N Broad Street.
Electric Expense0
Fuel Expense0
Garage Spaces1
Gross Income0
HeatingBoiler
High School DistrictMankato
Insurance Expense0
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area3,706 sqft
Lot Size UnitsAcres
MaintenanceExpense0
New ConstructionNo
Number Of Units Total4
Operating Expense0
PostalCityMankato
Property SubtypeFourplex
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameMankato
Tax Annual Amount$5,500
Tax Year2026
Trash Expense0
Water Sewer Expense0
Year Built1885

Exterior

Building Area Total4,815 sqft
Foundation Area1,109 sqft
Lot DimensionsIrregular
Lot FeaturesCorner Lot
Lot Size Area0 sqft
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School N/A
Elementary School N/A
Middle School N/A

  

Similar Properties

$349,900

5 Beds 4 Baths 3,706 SQFT 0.16 Acres
Type: Multi-Family

303 N Broad Street
Mankato, MN 56001

MLS#: 7160023
Lynnea Wetzel
Lynnea Wetzel
The Real Estate Advantage
Agent
Phone: 612.702.3687
Office: 507.665.3777