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This is your chance to own a fully leased, income generating triplex on high-visibility Oakland Ave., one of the busiest and best located streets in Austin, MN. With strong current rents totaling $3800/month, plus untapped potential for additional $200+ monthly garage rental and coin operated laundry, this property is a cash flow machine from day one. The building features 3 units - one fully renovated 1 bed/1 bath (previously an office, brand new inside), and two spacious 2 bed/1 bath units. Tenants love the location and layout, and leases are solid, with one locked in for two years. Recent updates include a new roof (under 6 months old), insuring low maintenance for years to come. Whether you're looking to add a strong performer to your portfolio or get started in multifamily investing, this property delivers stable income, location appeal, and future upside.
Property Type(s):
Multi Family
| Tract | Yates & Lewis | Year Built | 1920 |
|---|---|---|---|
| Garage Spaces | 2.0 | County | Mower |
Additional Details
| BASEMENT | Block, Concrete, Crawl Space, Yes |
|---|---|
| CONSTRUCTION | Block |
| GARAGE | Yes |
| HEAT | Forced Air, Natural Gas |
| LOT | 6098 sq ft |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 45x135 |
| PARKING | Detached |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Yates & Lewis |
| TAXES | 2328 |
| WATER | Public |
| ZONING | Residential-Multi-Family |
Listed with Re/Max Results
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. All real estate listings are marked with the Broker ReciprocitySM logo, and detailed information about them includes the name of the listing brokers.
Information deemed reliable but not guaranteed.
Copyright 2025 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
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