303 N Broad Street, Mankato, MN 56001 (MLS# 7160023)

303 N Broad Street, Mankato, MN 56001

New Listing

$349,900

Property Type: Multi-Family Bedrooms: 5 Baths: 4 Square Footage: 4,815 Lot Size (sq. ft.): 6,534 Status: Active

Current Price: $349,900 List Date: 10/14/2026 Last Modified: 10/15/2026

Overview

Description

Excellent investment opportunity in the heart of downtown Mankato! This fourplex features 4 separate units, including one 2-bedroom unit and three 1-bedroom units, with 4 full bathrooms. Two of the four units are currently occupied, providing immediate rental income. The property has a history of generating $3,000+ in monthly rental income and offers four kitchens, each equipped with an oven and refrigerator, while the 2-bedroom unit also includes a dishwasher. Additional features include vaulted ceilings, hardwood and tile flooring, on-site laundry, two porches, a 1-car garage, and a desirable corner lot. A great opportunity to add an income-producing property in a convenient downtown location.

Listing Details MLS# 7160023

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Waterfront YN: No
Year Built: 1885
Yearly/Seasonal: Yearly
Main Floor Total SqFt: 1109
Above Ground SqFt: 3706
Below Grd Total SqFt: 1109
Total SqFt: 4815
Foundation Size: 1109
Style: (MF) Four Plex
Total Finished Sqft: 3706.00
Garage Stalls: Yes
Lot Dimensions: Irregular
Acres: 0.15
Assessment Pending: No

Property Features

Accessible: None Basement: Unfinished Construction Status: Previously Owned Exterior: Brick/Stone Foundation: Stone Fuel: Natural Gas Heating: Boiler Laundry: Main Level Lock Box Type: Supra Lot Description: Corner Lot Sewer: City Sewer/Connected Stories: Two Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 349900
ListPrice: 349900
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 303
Street Direction Prefix: N
Street Name: Broad
Street Suffix: Street
Postal City: Mankato
County: Blue Earth
State: MN
Zip Code: 56001
Complex/Dev/Subdivision: Mankato

Assessments

Tax With Assessments: 5520

Building Information

Finished SqFt Above Ground: 3706

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 357

Unit 1

Furnished?: No
Leased?: No
Level: Main Level
Unit Number: Yes
Finished SqFt: 1600
Full Baths: Yes
Monthly Rent: 1000
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 8

Unit 2

Furnished?: No
Leased?: No
Level: Main Level
Unit Number: 2
Finished SqFt: 1000
Full Baths: Yes
Monthly Rent: 650
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 5

Unit 3

Furnished?: No
Leased?: Yes
Level: 2nd Level
Unit Number: 3
Finished SqFt: 600
Full Baths: Yes
Monthly Rent: 750
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 5

Unit 4

Furnished?: No
Leased?: Yes
Unit Number: 4
Finished SqFt: 500
Full Baths: Yes
Monthly Rent: 675
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 4

Unit Details

Total Units: 4

Listing Office: Tracy Sells LLC

Last Updated: October - 15 - 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.

303 N Broad Street, Mankato, MN 56001 (MLS# 7160023)