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1404 N 5th St, Mankato, MN, 56001

3beds
2baths
1,557sqft
$205,000
$132price/sqft
$1,646/moest. monthly cost
$65,840/yrincome needed

About This Home

INVESTORS! This great opportunity has a 2-bedroom, 1 bath, main floor unit with its own coin-operated laundry in the basement. The upper level unit offers 1-bedroom, 1 bath with a nice living space. Both units have access to the open porch and off-street parking. New roof in June 2023, energy efficient furnace in 2022, & water heater in May 2024. Upper unit stove & refrigerator, & lower unit bathtub recently replaced too. Property is sold as-is.

Getting Around

48
WalkingCar-Dependent
0
TransitVery Limited Transit
42
BikeSomewhat Bikeable

Schools

9/10
6/10
6/10

Construction

Condition

  • Year built: 1886

Materials

  • Roof: Age 8 Years or Less

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex Up and Down

Interior

Basement

  • Has basement: Yes
  • Basement: Partial

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,557

Heating

  • Heating features: Forced Air

Interior Area

  • Total structure area: 2,180
  • Total interior livable area: 1,557 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: R010908111018
  • Foundation area: 623

Features

  • Levels: Two

Lot

  • Lot size: 4,312 sqft
  • Lot size dimensions: 28 x 50 x 45 x 57 x 83

Parking

  • Parking features: Concrete

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Strong Wind
    Strong WindVery High
  • Winter Weather
    Winter WeatherVery High
  • Hail
    HailRelatively High
  • Tornado
    TornadoRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Cold Wave
Strong Wind
Winter Weather
Hail
Tornado
Heat Wave
Inland Flooding
Ice Storm

FEMA Declared Disasters in Blue Earth County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,036$12,432
Home Insurance *$201$2,412
Property Taxes $239$2,868
Electricity $170$2,050
Total$1,646$19,752
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$56,434/yr
40% on housing$49,380/yr
45% on housing$43,893/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.7%
9.7%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 1.5%
1.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$132This listing

vs Other Active Listings

Avg $/sqft

ZIP 56001$137
Blue Earth County$135

vs Homes Sold Last Month

Median $/sqft

ZIP 56001
Blue Earth County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-20Listed for sale$205,000
2023-05-02Listing removed--
2023-04-17Listed for sale$170,000
1993-09-30Sold$45,000

For Sale by Agent

AgentRaice King
BrokerageBridge Realty, LLC

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