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Sold on 01/16/2025

314 E Cherry St, Mankato, MN 56001

  • $246,000

    Last sold 01/16/2025 for $245K

  • —

    bed

  • —

    bath

  • 2,012

    Sqft ($122/Sqft)

Multi-family not for sale
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About 314 E Cherry St

Property type Multi-family
Neighborhood
Year built 1904
HOA fee $0/month
Lot size 3,485 Sqft
Movoto estimate
Rental estimate
Property description
Tri-Plex with a solid rental history and great cash flow! This tri-plex offers one 3 bdrm, one 2 bdrm, and one studio apartment. Tenants pay all of the utilities. There are six stalls off street parking. Unit #1 has access to the basement and laundry hook-ups. Gross rents are $2700/month. Each unit has it's own furnace. Top floor has C/A.
Listed by
Listing Agent - Kevin Goettl
Listing Office - RE/MAX Results
Source: Northstar MLS mls logo
MLS#6649557 • last updated 1 year ago
Movoto checked Northstar MLS for data 18 minutes ago
Overview
Heating Forced Air
Levels/Style Two
MLS # 6649557
Type Residential Income
SubType Triplex
Property Tax 3880
Tax Assessment 3880
Foreclosure (Y/N) No
Short Sale (Y/N) No
Interior
Accessibility Features None
Exterior
Construction Fiber Cement
Parking Desc Concrete, Shared Driveway
Lot Desc Public Transit (w/in 6 Blks)
Amenities / Utilities
Water Source City Water/Connected
Location
County Blue Earth
Subdivision Warrens Add
High School District Mankato
APN R010918176022
Zoning Residential-Multi-Family
Multifamily Details
Tenant Pays All Utilities, Cable TV, Electricity, Gas, Sewer, Snow Removal, Trash Collection
Owner Pays Insurance, Repairs, Taxes
Total # of Units 3
Annual Gross Income 32400
Operating Expense 11940
Expense: Manager 3240
Expense: Insurance 2400
Expense: Maintenance 1200
Expenses 8040
Expense: Other 1200
Lot/ Land Details
Road Frontage City Street, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer
Present Use Yearly
$246K
Range: $221K-$270K
Last 30 days 
Rental est.: $1,421/month
Gross rent multiplier: 14.4
  • Apr 2025
    mls logo MLS # 6649557
  • Apr 4, 2025 Sold
    $245,000 (-9.2%)
  • Jan 16, 2025 Pending
    —
  • Jan 15, 2025 Listed
    $269,900
  • 314 E Cherry St
    $245K
  • Five Corners
    —
  • 56001
    $344K +15% y/y
  • Mankato
    $339K +13% y/y
No chart available
Statistics calculated by Movoto

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8/10
Washington Elementary School
public Grades K-5
Mankato Public School District
4/10
Prairie Winds Middle School
public Grades 6-8
Mankato Public School District
5/10
Mankato East Senior High School
public Grades 9-12
Mankato Public School District
Source: GreatSchools.org © 2026. All rights reserved.

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