$219,900

108 Parsons Street, Mankato, MN 56001

  • 4 beds |
  • 3 baths |
  • 2,238 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1908
  • Property Lot Size Icon2,962sqft lot
  • Property Parking Icon 1 car garage
  • Property Price Per Square Feet Icon $98/sqft
  • Property List Date Icon Listed 1 day ago

Property Description

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.

Listing Status:
Active
Listing Office:
Century 21 Atwood : 507-387-3131
MLS ID:
7003401
  • Master Bath: 0
  • Appliances: DryerMicrowaveRangeRefrigeratorWasher
  • Basement: FinishedFull
  • A/C: Window Unit(s)
  • Heating: Forced Air
  • Fireplace: Fireplaces: 0
  • Parking: Attached GarageConcrete
  • Roofing: Asphalt
  • General: Two
  • Road/Access: City Street
  • HOA Amenities: 0.0
  • Originating MLS: northstar
  • School District: Mankato
  • County: Blue Earth
  • Zoning: R010918302014
  • Water: City Water/Connected
  • Sewer: City Sewer/Connected
  • Source: northstar

This listing courtesy of Century 21 Atwood

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

J

Jefferson Elementary School

100 James Ave, Mankato, MN, 56001

Grades KG-5

0.40 miles away

C

Central Freedom School

110 Fulton St, Mankato, MN, 56001

Grades 7-12

0.24 miles away

L

Life Lines Adult Connection

110 Fulton St, Mankato, MN, 56001

Grades 11-12

0.24 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.