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.
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
What's special
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#: 6478785
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