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428 Commodore Drive, 
Mankato, MN 56001

$1,495,000

—

Bed

—

Bath

14,280

Sq Ft

Multi-Family

Active

Listed by

Trent Vanort

Century 21 Atwood

Last updated:

March 13, 2026, 02:54 PM

MLS#

7039616

Source:

MN RASM

About This Home

428 Commodore Drive

Here is your opportunity to purchase a well located 16 unit apartment complex in Mankato MN! Consisting of 2 separate parcels and 2 separate buildings, this property offers 14 two bedroom units and 2 one bedroom units. Currently renting for $945-$989/month for the two bedroom units and $845/month for the one bedroom units, the total monthly rent income is $15,138. The total annual income is $183,841 when the coin laundry is included. The tenants pay their own electricity, cable/internet. The landlord pays the common area, electric($1,904 annually), the gas($7,762 annually), the water/sewer($7,085), the garbage($3,035), as well as lawn care, snow removal, maintenance, taxes and insurance. With the current rents in the lower range for Blue Earth County and the city of Mankato, there is room for improvement! Do not hesitate to schedule a showing today. Owner is a licensed real estate broker in the State of MN.

Home Facts

Multi-Family

Price Summary

1,495,000

$104 per Sq. Ft.

MLS #:

7039616

Last Updated:

March 13, 2026, 02:54 PM

Added:

3 day(s) ago

Rooms & Interior

Interior

Living Area:

14,280 Sq. Ft.

Structure

Structure

Architectural Style:

Apartment Building (L)

Building Area:

14,280 Sq. Ft.

Lot

Lot Size (Sq. Ft):

27,878

Finances & Disclosures

Finances

Price:

$1,495,000

Price per Sq. Ft:

$104 per Sq. Ft.

Source:MN RASM
The information being provided by REALTOR® Association Of Southern Mn, Mls is for the consumer’s 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 is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 REALTOR® Association Of Southern Mn, Mls All rights reserved.

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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.