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108 Parsons Street, 
Mankato, MN 56001

$219,900


Bed


3

Baths


2,238

Sq Ft


Multi-Family

Active

Listed by

Chad Ziemke

Century 21 Atwood

Last updated:

December 31, 2025, 04:48 PM

MLS#

7039235

Source:

MN RASM

About This Home

108 Parsons Street

Well-Maintained 4 Bedroom, 3 Bath Investment Opportunity with 5-Unrelated Rental License! This spacious and well-updated 4-bedroom, 3-bathroom property offers a strong opportunity for investors seeking a turn-key rental. The home holds the desired 5-unrelated rental license and is currently rented through May 2026, with long-term tenants in place who have expressed interest in renewing for 2026‹“2027, providing built-in stability for a new owner. Recent improvements include a new furnace, new water heater, fresh exterior paint, interior paint throughout, updated flooring, and more, allowing for peace of mind and reduced near-term capital expenses. The main level features a functional common layout with two family rooms and a full kitchen, creating flexible shared living space. Upstairs are three bedrooms, including a primary suite. Each upstairs bedroom is equipped with its own cabinet featuring a sink with running water and space for a microwave and mini-fridge, adding convenience and rental appeal. The lower level includes the fourth bedroom, a private ¾ bathroom, washer and dryer, and ample storage space. A solid property with thoughtful updates, strong rental history, and future income potential‹”this is a great opportunity for investors looking to expand their portfolio.

Home Facts

Multi-Family

3 Baths

Price Summary

219,900

$98 per Sq. Ft.

MLS #:

7039235

Last Updated:

December 31, 2025, 04:48 PM

Added:

3 day(s) ago


Rooms & Interior

Bathrooms

Total Bathrooms:

3

Interior

Living Area:

2,238 Sq. Ft.


Structure

Structure

Architectural Style:

Single Family Rental (L)

Building Area:

2,238 Sq. Ft.


Lot

Lot Size (Sq. Ft):

3,049


Finances & Disclosures

Finances

Price:

$219,900

Price per Sq. Ft:

$98 per Sq. Ft.

Source:MN RASM
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.