Date
Details
Price
Change
Source
3/31/2026
Listed
$1,650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/39
$1,650,000 Just Listed
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1/39
Property Description
Rare opportunity to acquire two large 4plexes near MSU Campus! 100% fully leased through July of 2027. Monthly Rent total is $14,775. There are four 5bedroom units and four 2bedroom units. Full financials and rent roll available upon request.
Full Property Details
Full Property Details for 113 / 119 E Welcome Ave
General
- Price: $1,650,000
- Taxes: $12,790 (2025)
- Status: Active
- Type: Commercial
- Source: NorthStarMLS_RMLS
- MLS ID: 7046237
- Updated: 4/1/2026
- Added to Site: 1 day(s) ago
Interior
- Appliances: Dishwasher, Dryer, Exhaust Fan, Gas Water Heater, Range, Refrigerator, Washer
Rooms
Bathrooms
- Total Bathrooms: 12
Bedrooms
- Total Bedrooms: 28
Parking
- Parking Features: Parking Lot, Paved Lot
Location
- County: Blue Earth
- Township: Mankato
- Subdivision: Meurers Sub
- Driving Directions: Google Maps
School Information
- School District: 2262 - Mankato
- High School District: Mankato
Heating & Cooling
- Cooling Type: Wall Unit(s), Window Unit(s)
- Heating Type: Boiler
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
- Utility Description: Electric Separate, Hot Water Common
Structural Information
- Basement: Yes
- Finished basement: Yes
- Basement Desc.: Block, Egress Window(s), Finished, Full, Sump Basket, Sump Pump
- Foundation Size: 1836
- Roof: Asphalt
- Ceiling Height: 8-10
- Disability Access: None
- Square Feet: 5,508
- Finished Down/Base.: 5,508 Sq. Ft.
- Current Bldg. Use: Residential
- Year Built: 1961
Unit Information
- Units w/Refrigerators: 1
Lot Features
- Lot Size (Acres): 0.674
- Lot Dimensions: 219 x 134
- Zoning: Residential-Multi-Family
Financial Considerations
- Operating Expenses: $52,000
- Tax Amount: $12,790
- Tax Year: 2025
- Terms: Conventional, Cash
- Tenant Pays: All Utilities
Disclosures and Reports
- Legal Description: MEURERS SUB LOT 4 & W18.66' OF 005 005 00
- Inclusions: Building, Leases, Rental License
- Property ID: R010917355003
Listed by Top Tier Real Estate LLC
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— 113 / 119 E Welcome Ave —
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NMLS#: 1598647
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Schools
Schools serving 113 / 119 E Welcome Ave
School District:Mankato Public School District
| Name | Grades | Distance |
|---|---|---|
Washington Elementary School, Mankato, MN 1100 Anderson Drive, Mankato, MN 56001 | PK-5 | 0.7 mi |
Prairie Winds Middle School 1200 Prairie Winds Drive, Mankato, MN 56001 | 6-8 | 1.8 mi |
Mankato East Senior High School 2600 Hoffman Road, Mankato, MN 56001 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 113 / 119 E Welcome Ave
Estimate the Cost
Estimate the Cost for 113 / 119 E Welcome Ave
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- Active
- Updated 2 days ago
- 3Beds
- 3Total Baths
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- Updated 2 days ago
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- 5Total Baths
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- Active
- Updated 6 days ago
- 2Beds
- 1Total Bath
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113 / 119 E Welcome Avenue, Mankato, MN 56001 (MLS# 7046237) is a Commercial property. 113 / 119 E Welcome Avenue is currently listed for $1,650,000 and was received on March 31, 2026. Want to learn more about 113 / 119 E Welcome Avenue? Do you have questions about finding other Commercial real estate for sale in Mankato? You can browse all Mankato real estate or contact a Coldwell Banker agent to request more information.