108 Parsons Street Mankato, MN $ 219,900
108 Parsons Street
$ 219,900
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108 Parsons Street

Mankato, MN, 56001
$ 219,900
Bedrooms4 Baths3.0 Sq 2,238

Monthly Estimate*

$ 1,354

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Multi-Family Home for sale in Mankato, MN

for $219,900 with 4 bedrooms and 3 full baths. This 2,238 square foot home was built on a lot size of 0.07.

Well-Maintained 4 Bedroom, 3 Bath Investment Opportunity with 5-Unrelated Rental License! This spacious and well-updated 4-bedroom, 3-bathroom property offers a strong opportunity for investors seeking a turn-key rental. The home holds the desired 5-unrelated rental license and is currently rented through May 2026, with long-term tenants in place who have expressed interest in renewing for 2026–2027, providing built-in stability for a new owner. Recent improvements include a new furnace, new water heater, fresh exterior paint, interior paint throughout, updated flooring, and more, allowing for peace of mind and reduced near-term capital expenses. The main level features a functional common layout with two family rooms and a full kitchen, creating flexible shared living space. Upstairs are three bedrooms, including a primary suite. Each upstairs bedroom is equipped with its own cabinet featuring a sink with running water and space for a microwave and mini-fridge, adding convenience and rental appeal. The lower level includes the fourth bedroom, a private ¾ bathroom, washer and dryer, and ample storage space. A solid property with thoughtful updates, strong rental history, and future income potential—this is a great opportunity for investors looking to expand their portfolio.

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Multi-Family Active

Price

$ 219,900

Bedrooms

4

Full Bath

3

Property Type

Multi-Family

Taxes

$ 1,874

Style

Single Family Rental (L)

Lot Size

0.07

Town/City

Mankato

County/Region

Blue Earth

MLS | Web ID

7039235

Features
General
Heating Forced Air
Roof Asphalt Shingles
Water City
Sewer City
HOA Fee No
Status Active ACTIVE
Style Single Family Rental (L)
Stories Count 2 Story
Construction Status Previously Owned
Road Frontage Sidewalk
Subdivision MN
Sale/Rent For Sale
School District Mankato #77
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Exterior
Garage Spaces 1
Exterior Wood
Waterfront No
Lot Size Area 0.07
Construction Type Frame/Wood
Number of Off Street Parking 4
Garage Type Attached
Exterior Amenities Driveway - Concrete Patio Porch
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Interior
Basement Material Stone
1/2 Baths Unit 1 0
1/4 Baths Unit 1 0
3/4 Baths Unit 1 3
Basement Style Full
Basement Features Egress Windows Partially Finished
A/C Unit 1 Window
Finished SqFt Above Grade 1522
Finished SqFt Below Grade 716
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* Excluded Features
List By
Century 21 Atwood

Broker

chad.ziemke@c21atwood.com

Email

Affordability Calculator

$1,510
Per Month
90%
10%
0%
Monthly Principal & Interest
$1,354
Monthly Property Taxes
$156
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1357867 Elementary School
1357964 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/30/2025$219,900 Listed Price

Map


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108 Parsons Street, Mankato, MN, 56001 is a Multi-Family Home for sale at $219,900 with 2,238 sqft and a lot size of 0.07. 108 Parsons Street has 4 bedrooms and 3.0 baths. The property's zip code is 56001 which is in Mankato, MN