Co0.8-x Mnx Zn0.2 Fe2O4 (x = 0.0, 0.1, 0.2, and 0.3) was prepared using the coprecipitation method. We investigated the effect of the Mn+2 substitution on the structural and magnetic properties. X-ray analysis revealed formation of single phase spinel cubic ferrite nanoparticles unaccompanied by secondary phases while the Morphology studies done using scanning electron microscopy show spherical shaped nanoparticles which are agglomerated. The energy-dispersive X-ray analysis confirmed the expected stoichiometry. The measurements of the magnetic parameters, using VSM, were performed at room temperature. M-H loops have shown that the prepared samples exhibit soft ferrimagnetism. The saturation magnetization was found to decrease by increasing the Mn content. The magnetic moments that were estimated from measured magnetic parameters and from the cation distribution over A and B sites on the basis of Neel’s two sublattice model of ferrimagnetism, were noted in all the samples. Based on which we obtained an improvement in the magnetic properties of the prepared samples, that made them suitable for use in high-frequency applications ascribed to the Mn ions’ substitution.