$1,495,000

428 Commodore Drive, Mankato, MN 56001

  • 30 beds |
  • 16 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1964
  • Property Lot Size Icon0.64acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 22 days ago

Property Description

Here is your opportunity to purchase a well located 16 unit apartment complex in Mankato MN! Consisting of 2 separate parcels and 2 separate buildings, this property offers 14 two bedroom units and 2 one bedroom units. Currently renting for $945-$989/month for the two bedroom units and $845/month for the one bedroom units, the total monthly rent income is $15,138. The total annual income is $183,841 when the coin laundry is included. The tenants pay their own electricity, cable/internet. The landlord pays the common area, electric($1,904 annually), the gas($7,762 annually), the water/sewer($7,085), the garbage($3,035), as well as lawn care, snow removal, maintenance, taxes and insurance. With the current rents in the lower range for Blue Earth County and the city of Mankato, there is room for improvement! Do not hesitate to schedule a showing today. Owner is a licensed real estate broker in the State of MN.

Listing Status:
Pending
Data Last Updated:
April 4, 2026 at 7:46PM
Listing Office:
CENTURY 21 ATWOOD :
MLS ID:
7039616
  • Appliances: Exhaust Fan/HoodRangeRefrigeratorRange/StoveGas Water Heater
  • Laundry: Coin-op Laundry Owned
  • Basement: FullFinishedBlock
  • A/C: Wall Unit(s)
  • Heating: Boiler
  • Parking: No GarageAsphalt
  • Roofing: Flat
  • General: BrickMetal SidingFrame/WoodBi-Level
  • Road/Access: City StreetSidewalk
  • School District: Mankato #77
  • Zoning: R010916103001
  • Water: Public
  • Sewer: Public Sewer

This listing courtesy of CENTURY 21 ATWOOD

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

K

Kennedy Elementary School

2600 E Main St, Mankato, MN, 56001

Grades PK-5

0.45 miles away

C

Central Middle School Area Learning Center

50 Navaho Ave, Mankato, MN, 56001

Grades 6-8

0.32 miles away

E

East High School

2600 Hoffman Rd, Mankato, MN, 56001

Grades 9-12

0.65 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.