MLS: #7028529, Listed By: Parveen Kumar, eXp Realty, Source:FargoMoorhead Area Association of REALTORS
1035 Thompson Ravine Road
Mankato, MN 56001
8
Bed
4
Bath
3,760Sqft
1.39Acres(Lot)
Priced below replacement cost. 8 bed, 4 bath triplex in Mankato on over an acre lot in a growing location. All units are leased with monthly rent currently at $3050 at below market. Tenant pays all utilities. New floor, paint and furnace. Priced at above 6% cap current, (proforma higher with market appreciation, Cap rate calculates higher for self manage). Owner agent.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 8Bathroom Information
Total Baths: 4Room Information
Has Basement: Yes Basement: Full -
Roofing Information
Flat -
Interior Features
Roof: Flat Laundry Features: Common Area -
Heating & Cooling
Has Heating: Yes Heating: Forced Air
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Building Information
Year Built: 1956 Building Area Total: 3760 Stories: 1 Private Pool: No
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Lot Information
Lot Dimensions: tbd Main Square Feet: 1.39 Acres Lot Size Acres: 1.39 Lot Size Square Feet: 60548.4Property Information
Subdivision: Gerdts Sub Source Property Type: Residential Income Property SubType: Triplex Levels: One Property Age: 70
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Listing Price Information
Listing Price: $419000
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Tax Information
Parcel Number: R010908277004 Annual Tax: $4422
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Garage Information
Has Garage: Yes Garage Space: 1Homeowners Association InformationAssociation Amenities: Laundry, Elevator(s)
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Location Information
Direction: R on N victory Dr WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 3201 & 3203 Noble Drive, Mankato, MN, 56001 | $599,900 | 6 | 6 | 2,924 | 2,924 SqFt |
| 3129 & 3131 Noble Drive, Mankato, MN, 56001 | $599,900 | 6 | 6 | 2,924 | 2,924 SqFt |
| 3120 & 3122 Noble Drive, Mankato, MN, 56001 | $529,800 | 4 | 4 | 1,716 | 1,716 SqFt |
| 3117 & 3119 Noble Drive, Mankato, MN, 56001 | $599,900 | 6 | 6 | 2,924 | 2,924 SqFt |
| 3205 & 3207 Scotch Lane, Mankato, MN, 56001 | $594,900 | 6 | 6 | 3,600 | 3,600 SqFt |
| 3216 Scotch Lane, Mankato, MN, 56001 | $594,900 | 6 | 6 | 3,600 | 3,600 SqFt |
| 3212 Scotch Lane, Mankato, MN, 56001 | $594,900 | 6 | 6 | 3,600 | 3,600 SqFt |
| 112 S 5th Street, Mankato, MN, 56001 | $224,800 | 6 | 2 | 2,107 | 2,107 SqFt |
| 2005 7th Avenue, Mankato, MN, 56001 | $199,800 | 3 | 2 | 1,714 | 1,714 SqFt |
| 802 Le Hillier Street, Mankato, MN, 56001 | $249,900 | 7 | 3 | 2,550 | 2,550 SqFt |
Similar Multifamily To 1035 Thompson Ravine Road
Nearby For Sale
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the FMAAR MLS. Real estate listings held by brokerage firms other than ByOwner are marked with the listing office name. IDX information 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. Information deemed reliable but not guaranteed. Copyright ©2026 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS®.
ByOwner last updated this listing 06/16/2026 @ 01:53
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