1035 Thompson Ravine Rd

4
Baths
3,760 Sq. Ft.
$111 / Sq. Ft.
3,760
Sq. Ft.
$111
per Sq. Ft.

Description

8bed, 4 bath triplex in Mankato on over an acre lot in a growing location. Great long term hold asset. All units are leased with monthly rent currently at $3050 with room for rents to upside. Tenant pays all utilities except city bill. New floor, paint and furnace. Priced at above 6% cap current, (proforma higher with ability to raise rent or self manage)
Agent is owner, bring all offers.
8bed, 4 bath triplex in Mankato on over an acre lot in a growing location. Great long term hold asset. All units are leased with monthly rent currently at $3050 with room for rents to upside. Tenant pays all utilities except city bill. New floor, paint and furnace. Priced at above 6% cap current, (proforma higher with ability to raise rent or self manage)
Agent is owner, bring all offers.
  1. Listed by eXp Realty • Parveen Kumar

Property Details for 1035 Thompson Ravine Road

Subdivision Name
Gerdts Sub
Zoning Jurisdiction
Residential-Multi-Family
LISTING UPDATED: 03/09/2026 12:07 PM

Property Details for 1035 Thompson Ravine Road

StatusActive
MLS #7028529
Days on Compass11
Taxes$4,402 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1956
Lot Size1.39 AC / 60,548 SF
CountyBlue Earth County

Location

Listing Courtesy of eXp Realty
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Building Information for 1035 Thompson Ravine Road

Stories-Residences3Year Built1956Building Size-Lot Size1.39 AC / 60,548 SF

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Principal and Interest

$2,033

Property Taxes

$367

HOA Dues

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Property Information for 1035 Thompson Ravine Road

Summary
Location and General Information
  • City Name: Mankato
  • County Or Parish: Blue Earth
  • County: Blue Earth-MN
  • Directions: R on N victory Dr
  • Latitude: 44.177479
  • Longitude: -93.972002
  • Map Coordinate: 999-A1
  • City and Location: Mankato
  • City and Location Text: Mankato(MN)
  • Postal Code: 56001
  • State Or Province: MN
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: R010908277004
  • Tax Annual Amount: $4,402.00
  • Tax Legal Description: GERDTS SUB SELY 60' OF LOT 8 & ALL 007 000 00
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2025
  • Tax With Assessments: 4422
School Information
  • High School District: 2262 - Mankato
  • School District Number: 2262
  • School District Phone: 5073871868
Property
Lot Information
  • Above Grade Fin SQFT: 2160.0
  • Below Grade Fin SQFT: 1600.0
  • SQFT Total: 3760.0
  • Living Area Units: Square Feet
  • Lot Size Area: 1.39
  • Lot Size Dimensions: tbd
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • SQFT Main Total: 2160
  • Building Area Total: 3760.0
  • Above Grade SqFt Total: 2160
  • Below Grade SqFt Total: 1600
Utilities
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Association Amenities: Laundry
  • Foundation Area: 1600.0
  • Fuel: Natural Gas
  • Roof: Flat
Interior Features
  • Basement Type: Full
  • Bathrooms Total Count: 4
  • Bedrooms Total: 8
  • DP Resource: Yes
  • Garage Square Feet: 200
  • Heating: Forced Air
  • Laundry Features: Common Area
  • Levels: One
  • Number of Refrigerator: Three
  • Basement YN: Yes
Multi Family
Unit 1
  • Unit Bath Full: 1
  • Unit Rooms Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Units Total: 1
  • Unit Is Leased: Y
  • Unit Type Total Rent: 999
Unit 2
  • Unit Bath Full: 1
  • Unit Rooms Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Units Total: 1
  • Unit Is Leased: Y
  • Unit Type Total Rent: 800
Unit 3
  • Unit Bath Full: 2
  • Unit Rooms Total: 5
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Units Total: 1
  • Unit Is Leased: Y
  • Unit Type Total Rent: 1299

Property History for 1035 Thompson Ravine Road

DateEvent & SourcePriceAppreciation
Mar 1, 2026

Price Change

NorthStar #7028529

$419,000
Mar 1, 2026

Listed (Active)

NorthStar #7028529

Aug 16, 2023

Sold (Public Record)

Public Record #1518151457

$283,000

+3.1% / yr

Aug 16, 2023

Sold

NorthStar #6385618

$283,000
Aug 7, 2023

Pending

NorthStar #6385618

Aug 4, 2023

In Contract

NorthStar #6385618

Jun 12, 2023

Listed (Active)

NorthStar #6385618

$349,900
Mar 2, 2012

Sold

Lake Superior Area REALTORS #1155544

$110,000
Jan 28, 2012

Pending

Lake Superior Area REALTORS #1155544

Nov 3, 2011

Listed (Active)

Lake Superior Area REALTORS #1155544

$149,900
Jun 29, 2007

Sold (Public Record)

Public Record #1110876831

$172,800
DateEvent & SourcePrice
03/01/2026

Price Change

NorthStar #7028529

$419,000
03/01/2026

Listed (Active)

NorthStar #7028529

08/16/2023

Sold (Public Record)

Public Record #1518151457

$283,000

+3.1% / yr

08/16/2023

Sold

NorthStar #6385618

$283,000
08/07/2023

Pending

NorthStar #6385618

08/04/2023

In Contract

NorthStar #6385618

06/12/2023

Listed (Active)

NorthStar #6385618

$349,900
03/02/2012

Sold

Lake Superior Area REALTORS #1155544

$110,000
01/28/2012

Pending

Lake Superior Area REALTORS #1155544

11/03/2011

Listed (Active)

Lake Superior Area REALTORS #1155544

$149,900
06/29/2007

Sold (Public Record)

Public Record #1110876831

$172,800

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1035 Thompson Ravine Road

Taxable ValueLand$52,000Additions$247,800Total$299,800
Tax Record2024$4,422 ($368 / month)
Home Facts
Baths3Total Finished SqFt2,160 SqFtAbove Grade Finished SqFt2,160 SqFtStories1Lot Size60,548 SqFtStyleTriplexYear Built1956CountyBLUE EARTHAPNR01.09.08.277.004

Schools near 1035 Thompson Ravine Road

This home is within Mankato Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Franklin Elementary School
PublicPK to 5

Prairie Winds Middle School
Public6 to 8

Mankato East Senior High School
Public9 to 12

Central Middle School Alp
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

1035 Thompson Ravine Road is a multi-family home for sale in Mankato, MN 56001. This property was listed for sale on March 1, 2026 by eXp Realty, it's currently listed at $419,000. It has been on the market for a total of 11 days and was last sold on August 16, 2023. This listing's school district is Mankato Public School District. Nearby schools include Franklin Elementary School, Prairie Winds Middle School and Mankato East Senior High School. 1035 Thompson Ravine Road is a 8-bed, 4-bath, 3,760 sqft multi-family home built in 1956.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty

Based on information submitted to the MLS GRID as of 03/09/2026 12:07 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.