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321 Warren Street

Mankato, MN 56001

– beds
– baths
4,126 sqft
$127 per sqft
1870 build
– on site

Great Investment Opportunity – Two Triplexes on One Parcel! Welcome to this prime multifamily investment featuring 2 triplexes on a single parcel. This 6-unit property offers strong, consistent cash flow from day one. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer seeking a reliable income-producing asset, this is an opportunity you don’t want to miss. Stable Income: All units are currently rented with reliable tenants. Prime Location: Situated in a thriving area with easy access to amenities, public transportation, and local businesses. Recent Updates: Several units have been updated in the past two years, including new flooring, fresh paint, and other interior upgrades. Current Rents: 321-1: $950 321-2: $750 321-3: $725 323-1: $960 323-2: $825 323-3: $750 This multifamily investment offers a unique opportunity to own a well-maintained, income-generating property in a growing market. Please reach out today with any questions!

Listing courtesy of NORTHSTAR / Thomas Stang / Financially Free, LLC

Last checked: Checking… • Last updated Feb 20, 2025 •

MLS# 6673297 —

The Building

Year Built:

1870
New Construction:

false
Age Of Property:

155
Construction Materials:

Block
Accessibility Features:

None
Levels:

Two
Main Level Finished Area:

2063.0000
Basement:

Stone/Rock
Basement:

true
Foundation Area:

2063
Building Area Total:

4126
Above Grade Finished Area:

4126

Room Dimensions

Living Area:

4126

Location

Directions:

Heading north on Warren St, take a left onto S 4th St. The parking lot for this property will be on your right and will place you behind the building.
Latitude:

44.160737
Longitude:

-94.00391

The Property

Parcel Number:

R010918158012
Property Type:

Residential Income
Property Subtype:

Triplex
Additional Parcels:

false
Lot Size Area:

0.14
Lot Size Dimensions:

55x100
Lot Size Units:

Acres
Water Source:

City Water/Connected
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

5164
Tax With Assessments:

5194.0000

Heating & Cooling

Heating:

Forced Air

Utilities

Sewer:

City Sewer/Connected

Schools

High School District:

Mankato

The Community

Subdivision Name:

Auditors 4
Assessment Pending:

Unknown

Extra Units

# of Units Total:

3

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
2/19/25 Feb 19, 2025	Listed / Active	NORTHSTAR	$525,000

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This multifamily located in Five Corners, Mankato, MN 56001 is currently for sale for $525,000. 321 Warren Street is a 4,126 square foot multifamily with – beds and – baths that has been on Estately for 2 days. 321 Warren Street is in the Five Corners neighborhood of Mankato and has a WalkScore® of 79, making it very walkable. This multifamily is in the attendance area of Jefferson Elementary School, Dakota Meadows Middle School, and West High School.

Listing Courtesy of: NORTHSTAR and Financially Free, LLC.

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.