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Closed
  • $600,000

    316 E Lafayette St, Mankato, MN 56001

    8beds
    8baths
    4,488sqft
    Quadruplex
    Built in 1998
    -- sqft lot
    $625,500 Zestimate®
    $134/sqft
    $1,187 Estimated rent

    Owner options

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    $1,187/mo

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    $1,187/mo

    Rent Zestimate®

    Refinance and save

    $3,552/mo

    Est. payment

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    $3,552/mo

    Est. payment

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: July 08, 2025 at 10:26pm

    Listed by:

    Candee Deichman 507-327-5006,

    Century 21 Atwood

    Bought with:

    Jenna Laughlin

    True Real Estate

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6478785MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 8
    Heating
    • Forced Air
    Features
    • Basement: Block,Daylight,Finished,Full
    Interior area
    • Total structure area: 4,488
    • Total interior livable area: 4,488 sqft
    • Finished area above ground: 2,244
    • Finished area below ground: 2,244

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage
    • Garage spaces: 4
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Multi/Split
    Lot
    • Size: 0.28 Acres
    Details
    • Foundation area: 2244
    • Parcel number: R010907282012

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Metal Siding
    • Roof: Asphalt
    Condition
    • Age of Property: 27
    • New construction: No
    • Year built: 1998

    Utilities & green energy

    • Gas: Natural Gas
    • Sewer: City Sewer/Connected
    • Water: City Water/Connected

    Community & neighborhood

    Location
    • Region: Mankato
    • Subdivision: Revised Auditors 19