321 Warren Street, Mankato, Minnesota 56001

MN, Mankato
$415,000
  • Commercial Sale Property Type
  • 1870 Year Built
  • Active Status
See All 11 Photos
Kyle Synowczynski
Kyle Synowczynski
  • (612) 688-6065
  • Kyle@StoneArchRealty.com
Property Description

Turnkey 6-Unit Investment – Fully Leased Through 2026 with gross rents at $5,025/month

This 6-unit property is fully leased with all leases in place into 2026. The building has a strong history of consistent occupancy and dependable tenants, which means less stress and fewer surprises. Turnover has been low and most of the renters in place are long-term tenants. Several updates have been made over the past couple of years including flooring, paint, and miscellaneous interior work.

Located in a convenient area with access to local businesses and public transportation, this is a solid investment opportunity to get into at just under $70k/unit. If you’re looking for a solid buy-and-hold opportunity that’s already performing, this is worth a closer look.

Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 6712970
  • Price: $415,000
  • Year Built: 1870
  • Listing Status: Active
  • Office Name: Financially Free, LLC
  • Property Sub Type: Apartment
Features
  • Heating System Forced Air
  • Parking Parking Lot
  • Utilities Electric Separate,Heating Separate,Hot Water Common
  • Sewer City Sewer/Connected
Address Map
  • Country US
  • State MN
  • County Blue Earth
  • City Mankato
  • Zipcode 56001
  • Street: Warren
  • Street Number: 321
  • Street Suffix: Street
  • Longitude: W95° 59' 45.9''
  • Latitude: N44° 9' 38.7''
  • Directions: Heading north on Warren St, take a left onto S 4th St. Parking lot for this property will be on your right and will place you behind the building.
Neighborhood
  • High School District: Mankato
MLS Addon
  • Office Name: Financially Free, LLC
Additional Information
  • Water Source: City Water/Connected
  • Accessibility Features: None
  • Building Size: 4126
  • Construction Materials: Block
  • Current Use: Residential
  • Lot Size Dimensions: 55x100
  • Number Of Units Total: 6
Financial
  • Tax Annual Amount: 5164
Listing Information
  • List Agent Mls Id: 506020389
  • List Office Mls Id: 251773
  • Modification Timestamp: 2025-06-06T19:44:03Z
  • Originating System Name: NorthStar
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