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321 Warren St

$415,000

321 Warren St, Mankato, MN 56001

Active
Last Updated: 07/07/2025

0.14 acres

Lot Area

6

Units

Details:
Lot Area:    0.14 acres
Units:    6
Year Built:    1870
Zoning:    Residential-Multi-Family
Highlights:
  • Lot Size Dimensions: 55x100
  • Days on Market: 37
Description:

Turnkey 6-Unit Investment – Fully Leased Through 2026 with gross rents at $5,025/month

This 6-unit property is fully leased with all leases in place into 2026. The building has a strong history of consistent occupancy and dependable tenants, which means less stress and fewer surprises. Turnover has been low and most of the renters in place are long-term tenants. Several updates have been made over the past couple of years including flooring, paint, and miscellaneous interior work.

Located in a convenient area with access to local businesses and public transportation, this is a solid investment opportunity to get into at just under $70k/unit. If you’re looking for a solid buy-and-hold opportunity that’s already performing, this is worth a closer look.

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