316 E Lafayette Street
Mankato, MN 56001
- – beds
- – baths
- 4,488 sqft
- $133 per sqft
- 1998 build
- – on site
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Welcome to an outstanding investment opportunity! This four-plex, featuring four 2-bedroom, 2-bathroom units, each spanning 1,122 square feet, is a prime choice for investors seeking a lucrative addition to their portfolio. The convenience factor is evident in every unit, as each comes equipped with its own garage, laundry and storage space. The property's well-built and maintained structure adds to its appeal, ensuring a solid and reliable investment for investors. Stability is key, and this property delivers with solid leases in place, offering a dependable stream of income. Located in a sought-after area, this four-plex is a simple, comfortable, and practical choice for those looking to maximize their investment potential. Act now to seize this opportunity – schedule a showing today! Tenants require a 24-hour notice. Agent is related to seller.
Last checked:
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Last updated May 6, 2025
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MLS# 6478785 —
The Building
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Year Built:1998
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New Construction:false
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Age Of Property:27
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Construction Materials:Metal Siding
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Roof:Asphalt
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Accessibility Features:None
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Levels:Split Entry (Bi-Level)
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Main Level Finished Area:2244.0000
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Basement:Block, Daylight/Lookout Windows, Finished, Full
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Basement:true
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Foundation Area:2244
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Building Area Total:4488
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Above Grade Finished Area:2244
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Below Grade Finished Area:2244
Room Dimensions
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Living Area:4488
Location
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Directions:Madison Ave to 4th Street, then left on Lafayette.
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Latitude:44.174491
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Longitude:-93.990934
The Property
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Parcel Number:R010907282012
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Property Type:Residential Income
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Property Subtype:Quadruplex
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Additional Parcels:false
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Lot Size Area:0.28
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Lot Size Units:Acres
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Road Frontage Type:City Street
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Road Responsibility:Public Maintained Road
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Water Source:City Water/Connected
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (507) 327-5006
- Office phone:
- (507) 387-3131
Taxes
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Tax Year:2023
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Tax Annual Amount:6926
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Tax With Assessments:6926.0000
Heating & Cooling
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Heating:Forced Air
Utilities
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Sewer:City Sewer/Connected
Appliances
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Refrigerator:Four
Schools
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High School District:Mankato
The Community
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Subdivision Name:Revised Auditors 19
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Assessment Pending:No
Parking
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Garage Spaces:4
Extra Units
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# of Units Total:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/1/24
Jul 1, 2024
|
Sold | NORTHSTAR | $600,000 | -6.1% |
4/1/24
Apr 1, 2024
|
Pending | NORTHSTAR | $639,000 | |
1/18/24
Jan 18, 2024
|
Listed / Active | NORTHSTAR | $639,000 | 33.1% (8.9% / YR) |