11 months on rocket

204 5th St, Mankato, MN, 56001

$400,000

Home List Price

$4,750*

Closing Credit

0 Baths
2,766 SqFt
$145/SqFt
Multi

Location

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204 5th St, Mankato$400,000

Buyer Closing Credits

$4,750*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Garage1 space
Year Built1905
HeatingHot Water
BasementYes
MLS #6477568
StatusActive

About 204 5th St

Gorgeous Victorian house, currently a 4-plex for sale in a prime rental location, with easy access to downtown and campus. This property is great for investors seeking a lucrative addition to their portfolio. With a total of 8 bedrooms, and 4 bathrooms, this income producing property already houses a fully rented out property. The property's well-built and maintained structure has many updates, and has also has maintained the integrity of its era. Stability is key, and this property delivers with solid leases in place, offering a dependable stream of income. Newer furnace, 10-year-old boiler recently serviced, owner pays utilities, one meter. Coin laundry available for all tenants. 48-hour notice to show.

Property Details

Property Features

Property Information:

  • Year Built: 1905
  • Living Area: 2,766 SqFt

Listing Office:

  • Office Name: True Real Estate

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Garage Space: 1 space

Utilities

Utilities Information:

  • Heating: Hot Water

Other

Directions Information:

  • Directions: Hwy. 169 to Belgrade Ave.keep left to continue on Mulberry st. House on corner of Mulberry and 5th

Price Information

Listing Price Info

Price Summary:

  • List Price: $400,000
  • Price Per SqFt: $145/SqFt
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Housing Market Comparison

See how this home compares to others in Mankato, MN.

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Mankato, MN

City

Med. Sold Price

$305K

Med. Price/SqFt

$155

Avg. Days On Market

29

# of Sold Homes

18

204 5th St vs Mankato

331 DAYS ON ROCKET

+302 Days

$400,000

+$95K More

$145/SqFt

-$11 Less

KEY TAKEAWAY

This property is $95K more than the Median Sold Price and $11/SqFt less than other homes in Mankato, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6477568

Listing Office:

  • Office Name: True Real Estate

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Last updated on: 12/21/2024, 11:52:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,266

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-860018
6
/10

  • Jefferson Elementary School

  • 100 James Ave

  • 0.81 miles

  • Public District Grades KG-5

school-card-donut-860019
8
/10

  • Franklin Elementary School

  • 1000 N Broad St

  • 0.87 miles

  • Public District Grades KG-5

school-card-donut-860020
7
/10

  • Bridges Community Elementary School

  • 320 Garfield Ave

  • 0.90 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $21,507. Residents of Mankato, MN typically earn less than $35k each year. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Blue Earth County›Mankato›56001›204 5th St

This home is located at 204 5th St in Mankato, MN and zip code 56001. This 2,766 square foot home was built in 1905. It has been listed on Rocket Homes since January 26, 2024 and is currently priced at $400,000.

In November 2024, from all listings sold in Mankato, MN there were more than 6 sold above asking price, over 8 sold below and more than 4 were sold right at the asked price. The number of homes for sale in Mankato, MN decreased by 1.1% between October 2024 and November 2024. While the average time on the market in November 2024 was 29 days, the median list price was $305,000.

From Rocket Homes Real Estate and based on county public records data.

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