123 N 4th Street, Mankato, MN 56001 (MLS# 7049981)

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123 N 4th Street, Mankato, MN 56001

$2,100,000

Property Type: Commercial Lot Size (sq. ft.): 10,454 Status: Active

Current Price: $2,100,000 List Date: 4/07/2026 Last Modified: 8/27/2026

Overview

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.

Listing Details MLS# 7049981

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Waterfront YN: No
Year Built: 1926
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 5412
For Sale or Lease: For Sale
Acres: 0.24
Lot Dimensions: 158x67
Assessment Pending: No

Property Features

Accessible: None CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Brick/Stone Foundation: Concrete Block Fuel: Natural Gas Heating: Boiler Lock Box Type: None On Site Utilities: Electric Separate Sewer: City Sewer/Connected Stories: Three Or More Water: City Water/Connected

Contract Information

Contingency: Other
ListPrice: 2100000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 123
Street Direction Prefix: N
Street Name: 4th
Street Suffix: Street
Postal City: Mankato
County: Blue Earth
State: MN
Zip Code: 56001
Complex/Dev/Subdivision: Mankato

Assessments

Assessment Balance: 6510.88
Tax With Assessments: 30574

Building Information

Building Finished SqFt: 21648

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Sale Options

Sale Includes: Building

Unit Details

Total Units: 28

Listing Office: Keller Williams Premier Realty

Last Updated: August - 27 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.