520 S 2nd Street Mankato, MN ^$ 550,000

520 S 2nd Street

^$ 550,000

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520 S 2nd Street

Mankato, MN, 56001

^$ 550,000

Bedrooms9 Baths3.1 Sq 3,000

Monthly Estimate*

^$ 3,799

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Multi-Family Home for sale in Mankato, MN

for $550,000 with 9 bedrooms and 3 full baths, 1 half bath. This 3,000 square foot home was built in 1884 on a lot size of 0.239.

This spacious 9 bedroom 5 bath licensed duplex is fully leased up. Tenants pay natural gas & electric owner pays w/s. Rent is $5015/month. Located in an "OPPORTUNITY ZONE"! Rents- 1 lease covers both units $4500/month, garage $150/month, surface parking $365/month. 8.6 CAP.

Multi-Family Active

Price

^$ 550,000

Bedrooms

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 5,260

Style

Duplex Up and Down

Lot Size

0.239

Year Built

1884

Town/City

Mankato

County/Region

Blue Earth

MLS | Web ID

7098936

Features

General

Living Area 3000

Sewer City Sewer/Connected

Heating Baseboard Forced Air

Garage Spaces 2

Year Built 1884

Tenant Pays Broadband Cable TV Telephone

Levels Two

Property Subtype Duplex Up and Down

Tax Year 2026

Gross Income 60180

Accessibility None

County Blue Earth

Net Operating Income 48920

Operating Expense 21050

Insurance Expense 2500

New Construction N

Property Type Residential Income

Contingency None

MaintenanceExpense 1500

Subdivision Name Auditors 1

Directions Warren St to 2nd Street

City Mankato

High School District Mankato

Zoning Description Business/Commercial Residential-Multi-Family

Number Of Units Total 2

Lot Size Units Acres

Land Lease Y/N N

Tax Annual Amount 5260

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 1800

Additional Parcels Y/N N

Standard Status Active

Lender Owned No

Interior

Basement Unfinished

Basement (Y/N) Y

Above Grade Finished Area 3000

Total Bedrooms 9

Below Grade Finished Area 0

Total Baths 5

Foundation Dimensions 0

Fuel Electric Natural Gas

Garage Square Feet 544

Exterior

Parking Features Assigned Parking Lot

Water Source City Water/Connected

Lot Size Area 0.239

Building Area Total 4000

Lot Dimensions 66x157.5

Waterfront Y/N N

Foundation Area 1000

Internal Only

Street Number 1 520

* Excluded Features

List By

Re/Max Results

Broker

kevin@resultsmetrogroup.com

Affordability Calculator

$4,237

Per Month

Monthly Principal & Interest: $3,799
Monthly Property Taxes: $438
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Mankato, MN

Average List Price ^$452,407

Percent of Sale Price 18%

About Mankato, MN

43,114 Population

28% Since 2002

^$46,560 Median Income

29.28 Median Age

22% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

708596 Elementary School

708778 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/24/2026	$500,000		Listed Price

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520 S 2nd Street, Mankato, MN, 56001 is a Multi-Family Home for sale at $550,000 with 3,000 sqft and a lot size of 0.239. 520 S 2nd Street has 9 bedrooms, 3.1 baths, and was built in 1884. The property's zip code is 56001 which is in Mankato, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is 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.

Data is updated as of 10/22/2026.

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520 S 2nd Street

Multi-Family Home for sale in Mankato, MN

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