new - 6 days on rocket

217 Spring St, Mankato, MN, 56001

$465,000

Home List Price

$5,522*

Closing Credit

0 Baths
3,217 SqFt
$145/SqFt
Multi

Location

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217 Spring St, Mankato$465,000

Buyer Closing Credits

$5,522*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1881
HeatingForced Air
BasementYes
MLS #6630358
StatusActive

About 217 Spring St

This exceptional 4-plex located in the heart of Central Mankato offers a fantastic investment opportunity with extensive upgrades and an outstanding rental history. With long-term tenants and leases in placethrough the fall of 2025, this property is a turn-key asset for any investor. Key features include but not limited to: updated electrical, plumbing, vinyl windows, newer furnace, coin-operated laundry ,gutters, downspouts & more!! Simply too many upgrades to list! Whether you're an experienced investo ror looking to start your portfolio, this property offers a rare combination of value, convenience & long-term potential. Contact me today for more details or to schedule a private showing! This 4-plex is a must-see!

Property Details

Property Features

Property Information:

  • Year Built: 1881
  • Living Area: 3,217 SqFt

Listing Office:

  • Office Name: Keller Williams Premier Realty

Interior Features

Interior Information:

  • Basement: Yes

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: Riverfront take a left onto Spring Street. Property is on the right

Price Information

Listing Price Info

Price Summary:

  • List Price: $465,000
  • 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

$154

Avg. Days On Market

51

# of Sold Homes

20

217 Spring St vs Mankato

6 DAYS ON ROCKET

-45 Days

$465,000

+$160K More

$145/SqFt

-$10 Less

KEY TAKEAWAY

This property is $160K more than the Median Sold Price and $10/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: #6630358

Listing Office:

  • Office Name: Keller Williams Premier Realty

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/20/2024, 11:52:47 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

$1,461

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NMLS#3030

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-206099
8
/10

  • Franklin Elementary School

  • 1000 N Broad St

  • 0.43 miles

  • Public District Grades KG-5

school-card-donut-206100
7
/10

  • Bridges Community Elementary School

  • 320 Garfield Ave

  • 0.72 miles

  • Public District Grades KG-5

school-card-donut-206101
5
/10

  • Monroe Elementary School

  • 441 Monroe Ave

  • 0.86 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 $27,589. Typical income of Mankato, MN residents is less than $35k annually. 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›217 Spring St

This home is located at 217 Spring St in Mankato, MN and zip code 56001. This 3,217 square foot home was built in 1881. It has been listed on Rocket Homes since November 14, 2024 and is currently priced at $465,000.

While more than 4 listings in Mankato, MN in October 2024 were sold above asking price, there were more than 7 listings sold at asking price, and more than 9 were sold below. The number of listings in Mankato, MN increased by 23.5% between September 2024 and October 2024. While the average time on the market in October 2024 was 51 days, the median list price was $305,000.

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

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