Knollcrest Apartments are for sale in the great community of Mankato MN. The 28 unit property consists of 2 apartment buildings, 8 garage stalls and a maintenance garage. All units consist of 2 bedrooms and 1 bathroom. Additionally the lowest level of each building offers individual storage lockers, as well as coin laundry rooms. These units have a lot of upside potential with some light updating and common area improvements. Current rents range from $780-$845/month with an additional $35/month for each of the 8 garage spaces. Total current scheduled rents are $267,780 annually and the coin laundry brought another $4,680 in 2022. Once the rest of the leases are updated with the current rent rates, the gross annual income including laundry could be $291,960.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
—
Baths
—
Stories
4
Lot width
—
Lot depth
—
Lot size
1.12 Acres
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (5+ Unit)
County
Blue Earth County
APN
R010908353002
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 3, 2026.
Sep 14, 2026 • Active
Non-residential remodel
Remodel
Apr 6, 2026 • Final
Non-residential remodel
Remove and replace a casement window.
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking/Garage Information
Has Garage
# of Garage Spaces: 8
Parking Features: Asphalt
Interior
Heating & Cooling
Has Heating
Heating: Natural Gas
Room Information
Has Basement
Basement Details: Partially Finished, Full
Exterior
Exterior Features
Patio And Porch Features: Patio
Building Information
Above Grade Finished Area: 21,888
Below Grade Finished Area: 3,000
Construction Materials: Block, Brick
Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Lot Information
Lot Features: Irregular Lot
Road Responsibility: Public Maintained Road
Lot Size Dimensions: 180 x 275
Lot Size Acres: 1.12
Financial
Tax Information
Tax Annual Amount: $18,898
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Location
Schools Information
School District: Mankato #77
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: 4.0
Lot Size: 1.12 acres
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Blue Earth County
APN: R010908353002
Home facts updated by county records on Aug 3, 2026
Around this home
Schools
Washington Elementary School
Public K-5 • Assigned • 0.5mi
9/10
Prairie Winds Middle School
Public 6-8 • Assigned • 2.3mi
6/10
Mankato East Senior High School
Public 9-12 • Assigned • 1.4mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 99° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Mankato, MN • 56001
Average low and high temperatures (°F)
24
7
32
14
51
29
59
38
72
49
80
61
83
65
79
61
78
56
66
45
45
31
31
14
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.4 hours in
June and 3.7 hours in December, which is comparable to the
U.S. average for solar exposure.