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$419,000 Just Listed

  • For Sale
  • Active
  • Triplex
  • 8 Beds
  • 4 Total Baths
  • 3,760 Sq. Ft.
  • 1 Car Garage
  • Updated 1 day ago
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8bed, 4 bath triplex in Mankato on over an acre lot in a growing location. Great long term hold asset. All units are leased with Monthly income currently $3020 at below market rent with room to upside. Tenant pays all utilities except city bills. New floor, paint and furnace. Agent is owner, bring all offers.

Full Property Details for 1035 Thompson Ravine Rd

General

  • Price: $419,000
  • Taxes: $4,402 (2025)
  • Status: Active
  • Type: Triplex
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7028529
  • Updated: 3/2/2026
  • Added to Site: 2 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 8

Other Rooms

  • Laundry: Common Area, Common Area

Additional Information

  • Shared Amenities: Laundry

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Parking Features: Asphalt

Location

  • County: Blue Earth
  • Township: Mankato
  • Subdivision: Gerdts Sub
  • Driving Directions: R on N victory Dr

School Information

  • School District: 2262 - Mankato
  • High School District: Mankato

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Basement: Yes
  • Basement Desc.: Full
  • Foundation Size: 1600
  • Roof: Flat
  • Disability Access: None
  • Square Feet: 3,760
  • Above Ground: 2,160 Sq. Ft.
  • Below Ground: 1,600 Sq. Ft.
  • Finished Down/Base.: 3,760 Sq. Ft.
  • Year Built: 1956

Unit Information

  • Units w/Refrigerators: 3

Lot Features

  • Lot Size (Acres): 1.39
  • Zoning: Residential-Multi-Family

Financial Considerations

  • Operating Expenses: $9,580
  • Tax Amount: $4,402
  • Tax Year: 2025
  • Owner Pays: Common Area Maintenance, Snow Removal, Trash Collection, Water
  • Tenant Pays: All Utilities
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: GERDTS SUB SELY 60' OF LOT 8 & ALL 007 000 00
  • Property ID: R010908277004

Listed by eXp Realty

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— 1035 Thompson Ravine Rd —

  • eXp Realty

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NMLS#: 1598647

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Schools serving 1035 Thompson Ravine Rd

School District:Mankato Public School District
NameGradesDistance
Franklin Elementary School, Mankato, MN
1000 North Broad Street, Mankato, MN 56001
K-51 mi
Prairie Winds Middle School
1200 Prairie Winds Drive, Mankato, MN 56001
6-82.7 mi
Mankato East Senior High School
2600 Hoffman Road, Mankato, MN 56001
9-121.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1035 Thompson Ravine Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/01/2026
Listed
$419,000
48.06%
MLS
8/16/2023
Sold
$283,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1035 Thompson Ravine Rd

Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,422
-1%
$299,800
-6%
2024
$4,448
1%
$319,800
-3%
2023
$4,410
15%
$328,600
36%
2021
$3,838
-13%
$241,400
-22%
2023
$4,410
4%
$309,800
37%
2020
$4,230
3%
$226,600
3%
2019
$4,124
9%
$219,300
11%
2018
$3,776
8%
$198,400
6%
2017
$3,496
—
$187,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by eXp Realty

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1035 Thompson Ravine Road, Mankato, MN 56001 (MLS# 7028529) is a Triplex property with 8 bedrooms and 0 full bathrooms. 1035 Thompson Ravine Road is currently listed for $419,000 and was received on March 01, 2026. Want to learn more about 1035 Thompson Ravine Road? Do you have questions about finding other Triplex real estate for sale in Mankato? You can browse all Mankato real estate or contact a Coldwell Banker agent to request more information.

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