$2,100,000
123 N 4th Street Mankato, MN 56001
For Sale MLS# 7039895
Commercial
Details for 123 N 4th Street
MLS# 7039895
Description for 123 N 4th Street, Mankato, MN, 56001
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.
Listing Information
Property Type: Commercial, NonHomestead
Status: Active
Year Built: 1926
Foundation: 21,648 sq ft
Construction: Concrete Block
Current Use: Residential
County: Blue Earth
Days On Market: 77
School Information
District: Mankato #77
Utilities
Water: City
Sewer: City
Heating: Boiler, Natural Gas
Exterior / Lot Features
Exterior: Brick
Roof: Flat
Additional Exterior/Lot Features: Road Frontage - City Street
Unit Information
Unit 1 Units Total: 19
Unit 1 Baths Total: 1
Unit 1 Beds Total: 1
Unit 2 Units Total: 3
Unit 2 Baths Total: 1
Unit 2 Beds Total: 2
Unit 3 Units Total: 6
Unit 3 Baths Total: 1
Driving Directions
Madison Ave to Fourth Street. Apartment complex on left
Financial Considerations
Terms: Cash,Conventional
Tax/Property ID: R01.09.18.203.004
Tax Amount: 24063.12
Tax Year: 2026
A broker reciprocity listing courtesy: Keller Williams Premier Realty
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the REALTOR® Association of So MN Multiple Listing Service. 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 REALTOR® Association of So MN Multiple Listing Service. 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 REALTOR® Association of So MN Multiple Listing Service. 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 123 N 4th Street
Sales History
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Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 123 N 4th Street
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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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