$1,650,000
113 / 119 E Welcome Avenue Mankato, MN 56001
For Sale MLS# 7046237
5,400 sq ft Commercial
Details for 113 / 119 E Welcome Avenue
MLS# 7046237
Description for 113 / 119 E Welcome Avenue, Mankato, MN, 56001
Rare opportunity to acquire two large 4plexes near MSU Campus! 100% fully leased through July of 2027. Monthly Rent total is $14,775. There are four 5bedroom units and four 2bedroom units. Full financials and rent roll available upon request.
Listing Information
Property Type: Commercial, Low Rise (3- Levels)
Status: Active
Bedrooms: 28
Bathrooms: 12
Lot Size: 0.67 Acres
Square Feet: 5,400 sq ft
Year Built: 1961
Foundation: 1,836 sq ft
Subdivision: Meurers Sub
Number Of Units Total: 8
Current Use: Residential
County: Blue Earth
Days On Market: 69
Construction Status: Previously Owned
School Information
District: 77 - Mankato
Interior Features
Appliances: Dishwasher, Dryer, Exhaust Fan/Hood, Range, Refrigerator, Washer, Gas Water Heater
Basement: Finished (Livable), Full, Egress Windows, Concrete Block, Sump Basket, Sump Pump
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Separate,Hot Water Common
Cooling: Window, Wall
Heating: Natural Gas, Boiler
Exterior / Lot Features
Open Parking: 24
Parking Description: Parking Lot, Paved Lot
Exterior: Aluminum Siding
Roof: Asphalt Shingles
Lot Dimensions: 219x134
Zoning: Residential-Multi-Family
Additional Exterior/Lot Features: Land Inclusions - Building,Leases,Rental License
Driving Directions
Google Maps
Financial Considerations
Tenant Pays: All Utilities
Gross Income: 177300
Tax/Property ID: R010917355003
Tax Amount: 12790
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Top Tier Real Estate LLC
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 113 / 119 E Welcome Avenue
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 113 / 119 E Welcome Avenue
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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