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$2,100,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 0.24 Acres
  • Updated 1 day ago
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28-unit apartment building investment opportunity! This property features 23 one-bedroom units, 3 two-bedroom units, and 2 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.

Full Property Details for 123 N 4th St

General

  • Price: $2,100,000
  • Taxes: $24,063 (2026)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7049981
  • Updated: 4/7/2026
  • Added to Site: 2 day(s) ago

Parking

  • Parking Features: On-Street Parking Only

Location

  • County: Blue Earth
  • Township: Mankato
  • Subdivision: Mankato
  • Driving Directions: Madison Ave to N Fourth Street, Apartment complex on the left.

School Information

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

Heating & Cooling

  • Heating Type: Boiler
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate

Structural Information

  • Basement: Yes
  • Foundation Size: 5412
  • Disability Access: None
  • Current Bldg. Use: Residential
  • Year Built: 1926

Lot Features

  • Lot Size (Acres): 0.24
  • Lot Dimensions: 158 x 67
  • Zoning: Residential-Multi-Family

Financial Considerations

  • Tax Amount: $24,063.12
  • Tax Year: 2026

Disclosures and Reports

  • Legal Description: CITY OF MANKATO 002 048 00
  • Inclusions: Building
  • Property ID: R010918203004

Listed by Keller Williams Premier Realty

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— 123 N 4th St —

  • Keller Williams Premier Realty

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 123 N 4th St

School District:Mankato Public School District
NameGradesDistance
Franklin Elementary School, Mankato, MN
1000 North Broad Street, Mankato, MN 56001
K-50.7 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
9-121.9 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 123 N 4th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/06/2026
Listed
$2,100,000
44.83%
MLS
12/30/2021
Sold
$1,450,000
—
Public Record
Get Price Alerts and Save Property
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 123 N 4th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$14,711
-36%
$1,643,500
—
2024
$23,048
54%
$1,643,500
64%
2021
$14,962
—
$1,002,700
-41%
2023
$14,954
—
$1,699,900
63%
2023
$14,954
—
$1,045,600
9%
2020
$14,916
—
$957,800
—
2019
$14,954
2%
$957,800
1%
2018
$14,670
4%
$947,000
—
2017
$14,114
—
$947,000
—
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 Keller Williams Premier Realty

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123 N 4th Street, Mankato, MN 56001 (MLS# 7049981) is a Commercial property. 123 N 4th Street is currently listed for $2,100,000 and was received on April 06, 2026. Want to learn more about 123 N 4th Street? 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.

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