314 E Cherry St
Mankato, MN 56001
- 5 Beds
- 3 Baths
- 2,012 sqft
5 Beds
3 Baths
2,012 sqft
Local Information
-- mins to
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.
314 E Cherry St, Mankato, MN 56001 is a 5 bedroom, 3 bathroom, 2,012 sqft multi-family built in 1904. It last sold for $245,000 on Apr 3, 2025 (9% below the $269,900 asking price). It is currently off market. The Trulia Estimate is $257,000, with a rent estimate of $1,710/month.
Home Highlights
Parking
Open Parking
Outdoor
Porch
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 314 E Cherry St
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MLS Status: Closed |
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Beds & Baths Number of Bedrooms: 5Number of Bathrooms: 3 |
Dimensions and Layout Living Area: 2012 Square FeetFoundation Area: 957 |
Appliances & Utilities Laundry: In Basement |
Heating & Cooling Heating: Forced AirHas HeatingHeating Fuel: Forced Air |
Gas & Electric Gas: Natural Gas |
Levels, Entrance, & Accessibility Number of Stories: 2Levels: TwoAccessibility: None |
View No View |
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Exterior Home Features Roof: Age Over 8 Years Asphalt PitchedPatio / Porch: Covered, Side PorchFoundation: Stone |
Parking & Garage No CarportNo GarageNo Attached GarageHas Open ParkingParking: Concrete,Shared Driveway |
Frontage Road Frontage: City Street, Curbs, Sidewalks, Street Lights, Storm SewerRoad Surface Type: PavedNot on Waterfront |
Water & Sewer Sewer: City Sewer/Connected |
Surface & Elevation Topography: Level |
Finished Area Finished Area (above surface): 2012 Square Feet |
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Cumulative Days on Market: 2 |
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Year Built Year Built: 1904 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Triplex |
Building Construction Materials: FrameNot a New ConstructionNo Additional Parcels |
Property Information Parcel Number: R010918176022 |
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Price List Price: $269,900 |
Status Change & Dates Off Market Date: Thu Jan 16 2025 |
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Direction & Address City: MankatoCommunity: Warrens Add |
School Information High School District: Mankato |
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Building Area Building Area: 2012 Square Feet |
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Lot Area: 3267 sqft |
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Contingencies: None |
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Expense Tenant Pays: All Utilities, Broadband, Cable TV, Electricity, Gas, Heat, Hot Water, Telephone, Sewer, Snow Removal, Trash Collection, Water |
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Owner Pays: Insurance, Repairs, Management, Taxes |
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BasementMls Number: 6649557Above Grade Unfinished Area: 2012 |
Last check for updates: about 21 hours ago
Listed by Kevin Goettl, (651) 500-4720
RE/MAX Results
Bought with: Kevin Goettl, (651) 500-4720, RE/MAX Results
Source: NorthstarMLS as distributed by MLS GRID, MLS#6649557

Price History for 314 E Cherry St
| Date | Price | Event | Source |
|---|---|---|---|
| 04/03/2025 | $245,000 | Sold | NorthstarMLS as distributed by MLS GRID #6649557 |
| 01/16/2025 | $269,900 | Pending | NorthstarMLS as distributed by MLS GRID #6649557 |
| 01/15/2025 | $269,900 | Listed For Sale | NorthstarMLS as distributed by MLS GRID #6649557 |
Market trends in Mankato
Last updated June 2026
Avg. sale price
$284K
$5.17KMoM
Sale-to-List Price
100.0%
0.4%MoM
Price per sq ft
$146
$3MoM
Available listings
149
8MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $3,928 |
| Assessment | $162,000 |
Home facts updated by county records
Comparable Sales for 314 E Cherry St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.86 | Multi-Family Home | $159,000 | 02/10/26 | 2 | 2 | 1,296 | |
1.47 | Multi-Family Home | $187,500 | 07/21/25 | 2 | 2 | 2,100 | |
3.94 | Multi-Family Home | $579,900 | 04/16/26 | 6 | 6 | 3,600 | |
3.94 | Multi-Family Home | $600,000 | 08/19/25 | 6 | 6 | 3,600 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 314 E Cherry St.
What Locals Say about Mankato
At least 172 Trulia users voted on each feature.
90 % Say it's dog friendly
86 % Say parking is easy
82 % Say car is needed
76 % Say yards are well-kept
76 % Say there's holiday spirit
75 % Say there are sidewalks
67 % Say kids play outside
64 % Say people would walk alone at night
56 % Say streets are well-lit
55 % Say it's quiet
53 % Say it's walkable to restaurants
50 % Say neighbors are friendly
47 % Say there's wildlife
41 % Say they plan to stay for at least 5 years
35 % Say it's walkable to grocery stores
28 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Apartments for Rent
Homes for sale near 314 E Cherry St
Off Market Homes Near 314 E Cherry St

Based on information submitted to the MLS GRID as of 2026-07-15 01:03:23 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information
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