123 N 4th Street, Mankato, Minnesota 56001

MN, Mankato
$2,100,000
  • Commercial Sale Property Type
  • 1926 Year Built
  • Active Status
See All 8 Photos
Kyle Synowczynski
Kyle Synowczynski
  • (612) 688-6065
  • Kyle@StoneArchRealty.com
Property Description

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.

Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 7049981
  • Price: $2,100,000
  • Year Built: 1926
  • Listing Status: Active
  • Office Name: Keller Williams Premier Realty
Features
  • Heating System Boiler
  • Parking On-Street Parking Only
  • Utilities Electric Separate
  • Exterior Features Stone
  • Sewer City Sewer/Connected
Address Map
  • Country US
  • State MN
  • County Blue Earth
  • City Mankato
  • Zipcode 56001
  • Street: 4th
  • Street Number: 123
  • Street Suffix: Street
  • Longitude: W94° 0' 8''
  • Latitude: N44° 9' 57.4''
  • Directions: Madison Ave to N Fourth Street, Apartment complex on the left.
  • Street Dir Prefix: N
Neighborhood
  • High School District: Mankato
MLS Addon
  • Office Name: Keller Williams Premier Realty
Additional Information
  • Water Source: City Water/Connected
  • Accessibility Features: None
  • Current Use: Residential
  • Foundation Details: Block
  • Levels: Three Or More
  • Lot Size Dimensions: 158x67
  • Number Of Units Total: 28
Financial
  • Tax Annual Amount: 24063.12
Listing Information
  • List Agent Mls Id: NST503000406
  • List Office Mls Id: NST26717
  • Modification Timestamp: 2026-06-26T15:22:06Z
  • Originating System Name: NorthStar
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