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Active
    • $419,000

    1035 Thompson Ravine Rd, Mankato, MN 56001

    8beds
    4baths
    3,760sqft
    : 
    Triplex
    Built in 1956
    -- sqft lot
    $409,700 Zestimate®
    $111/sqft
    $-- HOA

    What's special

    New floorOver an acre lot
    8bed, 4 bath triplex in Mankato on over an acre lot in a growing location. Great long term hold asset. All units are leased with monthly rent currently at $3050 with room for rents to upside. Tenant pays all utilities except city bill. New floor, paint and furnace. Priced at above 6% cap current, (proforma higher with ability to raise rent or self manage) Agent is owner, bring all offers.
    17 days
    |
    944
    |
    28
    |

    Zillow last checked: 9 hours ago

    Listing updated: March 09, 2026 at 10:07am

    Listed by:

    Parveen Kumar 612-404-0166,

    eXp Realty

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7028529MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 4
      Heating
      • Forced Air
      Appliances
      • Laundry: Common Area
      Features
      • Basement: Full
      Interior area
      • Total structure area: 3,760
      • Total interior livable area: 3,760 sqft
      • Finished area above ground: 2,160
      • Finished area below ground: 1,600

      Property

      Parking
      • Total spaces: 1
      • Parking features: Asphalt
      • Garage spaces: 1
      Accessibility
      • Accessibility features: None
      Features
      • Levels: One
      Lot
      • Size: 1.39 Acres
      Details
      • Foundation area: 1600
      • Parcel number: R010908277004
      • Zoning description: Residential-Multi-Family

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Triplex
      Materials
      • Roof: Flat
      Condition
      • New construction: No
      • Year built: 1956

      Utilities & green energy

      • Electric: Power Company: Xcel Energy
      • Gas: Natural Gas
      • Sewer: City Sewer/Connected
      • Water: City Water/Connected

      Community & HOA

      Community
      • Subdivision: Gerdts Sub
      HOA
      • Amenities included: Laundry
      Location
      • Region: Mankato

      Financial & listing details

      • Price per square foot: $111/sqft
      • Tax assessed value: $319,800
      • Annual tax amount: $4,402
      • Date on market: 3/1/2026
      • Tenant pays: All Utilities
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        Estimated market value

        $409,700

        $389,000 - $430,000

        $1,723/mo

        Price history

        Price history
        DateEventPrice
        3/1/2026Listed for sale$419,000+48.1%$111/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7028529 Report a problem
        8/16/2023Sold$283,000-16.7%$75/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6385618 Report a problem
        8/8/2023Pending sale$339,900$90/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6385618 Report a problem
        8/4/2023Contingent$339,900$90/sqft
        Source: RASM #7032575 Report a problem
        8/1/2023Listed for sale$339,900$90/sqft
        Source: RASM #7032575 Report a problem
        7/26/2023Contingent$339,900$90/sqft
        Source: RASM #7032575 Report a problem
        7/11/2023Price change$339,900-2.9%$90/sqft
        Source: RASM #7032575 Report a problem
        6/12/2023Listed for sale$349,900+218.1%$93/sqft
        Source: RASM #7032575 Report a problem
        5/31/2018Listing removed$675
        Source: MLB Property Management Report a problem
        5/17/2018Listed for rent$675-56.9%
        Source: MLB Property Management Report a problem
        8/22/2017Listing removed$1,567
        Source: MLB Property Management Report a problem
        7/19/2017Listed for rent$1,567
        Source: Zillow Rental Manager Report a problem
        3/2/2012Sold$110,000-36.3%$29/sqft
        Source: Lake Superior Area Realtors as distributed by MLS GRID #1155544 Report a problem
        7/3/2007Sold$172,800$46/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2024$4,448 +0.9%$319,800 -2.7%
        2023$4,410 +18.2%$328,600 +6.1%
        2022$3,730 -2.8%$309,800 +28.3%
        2021$3,838 -9.3%$241,400 +6.5%
        2020$4,230 $226,600
        2019$4,230 +2.6%$226,600 +3.3%
        2018$4,124 +9.2%$219,300 +10.5%
        2017$3,776 +8%$198,400 +6%
        2016$3,496 +12022.1%$187,200 +0.3%
        2015$29 -99%$186,700 -65.4%
        2014$3,034 $539,100 +202.4%
        2013-- $178,300 +1.9%
        2012-- $174,900 -5.9%
        2011-- $185,900
        2010-- $185,900

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $2,392/mo
        Principal & interest
        $2053
        Property taxes
        $339
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          Climate risks

          Neighborhood: 56001

          Getting around

          16 / 100
          Car-Dependent
          31 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

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