113 East Welcome Avenue
$1,650,000
113 East Welcome Avenue, Mankato, MN 56001
11,000 sqft
Building Size
0.67 acres
Lot Area
Details:
Highlights:
- Prime location near Minnesota State University, Mankato
- Fully leased through July 2027
- Strong, predictable income with signed leases in place
- Tenants pay all utilities (low expense structure)
- Large bedrooms and open-concept layouts attractive to renters
- In-unit laundry in all units
- Durable steel siding, newer windows, and newer roof
- Consistent student housing demand in a high-occupancy area
- Turnkey investment with minimal near-term capital needs
Description:
This well-maintained multi-family property at 113 and 119 E. Welcome is perfectly situated just minutes from Minnesota State University, Mankato, making it an ideal investment for student housing or long-term rental demand.
Each unit features spacious layouts with large bedrooms, open-concept living areas, and the convenience of in-unit laundry—highly desirable amenities for today’s renters. Tenants pay all utilities, helping to maximize owner returns and simplify expense management. The property has been thoughtfully updated with durable steel siding, newer windows, and a newer roof, providing both curb appeal and reduced maintenance.
All leases are already signed for the August 2026 through July 2027 term, offering immediate stability and predictable income. The rental figures presented in this offering reflect the executed leases beginning August 1, 2026, giving investors confidence in forward-looking cash flow.
This is a turnkey opportunity in a prime location with strong rental demand and solid long-term upside.
Perfectly situated just minutes from Minnesota State University – Mankato, these properties at 113 & 119 East Welcome Avenue offer the ideal blend of convenience and comfort in one of Mankato’s most desirable residential areas. Located near the intersection of Balcerzak Drive and Monks Avenue, this quiet neighborhood is a favorite among students and professionals alike, featuring a mix of single-family homes and small apartment communities.
Residents enjoy quick access to campus buildings, athletic facilities, and downtown Mankato, along with nearby dining, shopping, and parks. The area provides excellent connectivity to major routes, making it easy to get anywhere in town in minutes. Whether you’re looking for rental appeal or long-term investment value, the proximity to MSU and the welcoming community atmosphere make this location a standout choice.
Documents:
| Title | ||
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| Welcome_Ave_Multifamily_Brochure.pdf |
Location
Gallery
