$280,000
1104 N 5th Street Mankato, MN 56001
For Sale MLS# 7040188
5 beds 2 baths 1,225 sq ft Multi-family
Details for 1104 N 5th Street
MLS# 7040188
Description for 1104 N 5th Street, Mankato, MN, 56001
Opportunity knocks with this cash-flow tri-plex! Strong performing rental property generating $33,480 in annual gross rental income with an attractive cap rate potential at current list price. All three units currently occupied with established rental income in place. Tenants pay all utilities! Excellent opportunity for investors seeking immediate cash flow with future rental upside potential. Property offers a diverse unit mix with strong tenant appeal and a price point difficult to find in today’s multifamily market. Whether adding to an existing portfolio or entering multifamily investing for the first time, this property offers solid income, long-term appreciation potential, and strong demand in the area. Attractive price point, solid income history, and versatile occupancy options make this a property you won’t want to miss!
Listing Information
Property Type: Multi-family, Triplex
Status: Active
Bedrooms: 5
Bathrooms: 2
Lot Size: 0.24 Acres
Square Feet: 1,225 sq ft
Year Built: 1896
Foundation: 1,095 sq ft
Garage: Yes
Stories: 2 Story
Construction: Frame/Wood
Number Of Units Total: 3
County: Blue Earth
Days On Market: 14
Construction Status: Previously Owned
School Information
District: Mankato #77
Interior Features
Square Footage above: 1,225 sq ft
Basement: Full, Stone, Unfinished
Additional Interior Features: Mechanicals - Water Heater - Gas
Utilities
Water: City
Sewer: City
Heating: Other, Boiler
Exterior / Lot Features
Garage Spaces: 3
Open Parking: 3
Parking Description: Detached
Exterior: Brick
Roof: Asphalt Shingles
Lot Dimensions: 66x158
Zoning: R2
Additional Exterior/Lot Features: Driveway - Concrete, Corner Lot, Landscaped, Road Frontage - City
Unit Information
Unit 1 Actual Rent: 1300
Unit 1 Baths Total: 1
Unit 1 Beds Total: 3
Unit 1 Rooms Total: 6
Unit 2 Actual Rent: 800
Unit 2 Baths Total: 1
Unit 2 Beds Total: 1
Unit 2 Rooms Total: 4
Unit 3 Actual Rent: 690
Unit 3 Baths Total: 1
Unit 3 Beds Total: 1
Unit 3 Rooms Total: 4
Financial Considerations
Terms: Cash,Conventional
Tenant Pays: Cable TV,Electric,Trash,Water/Sewer,Fuel
Owner Pays: Lawn,Snow
Gross Income: 34680
Tax/Property ID: R01.09.08.154.013
Tax Amount: 4320
Tax Year: 2026
A broker reciprocity listing courtesy: Connect Real Estate Group
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 1104 N 5th Street
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 1104 N 5th 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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