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321 Warren St

$420,000

321 Warren St, Mankato, MN 56001

Active
Last Updated: 05/03/2025

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: 1
Description:

Solid Investment Opportunity – Fully Rented 6-Unit Property with Reliable Cash Flow

If you're looking for a dependable, income-producing multifamily, this 6-unit property delivers steady performance and solid numbers from day one.

Property Highlights:

Fully Occupied: All 6 units are currently rented with long-term, reliable tenants.

Consistent Cash Flow: Proven income history makes this a great option for buy-and-hold investors. Current monthly rents total $5025.

Low Turnover: Tenant stability helps keep vacancy and turnover costs low.

Practical Updates: Some recent improvements in the past couple of years (flooring, paint, and misc. interior work).

Location: Set in a convenient area with easy access to local businesses and public transportation — ideal for renters looking for value.

Map:
Location
Gallery