For Sale: Austin MLS# 6714558
Active
NEW!
$350,000
Multi-family: Triplex
Built 1920
2,208 sqft • 0.14 acres
Austin schools
MLS# 6714558
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
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.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$350,000
Price per sq ft:
$159
Property Type:
Multi-family
City:
Austin
Garage Spaces:
2
County:
Mower
Year Built:
1920
State:
MN
Property Style:
Triplex
Zip Code:
55912
Subdivision Name:
Yates & Lewis
Interior
Finished Area:
2,208 ft2
Living Area:
2,208 ft2
Basement Details:
- Block
- Concrete
- Crawl Space
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
20x21
Garage Size:
480 ft2
Garage Door Height:
7
Garage Door Width:
16
Foundation Size:
1,560 ft2
Handicap Accessible:
Partially Wheelchair
Heating System:
Forced Air
Parking Features:
Detached
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
City Street
Exterior Material:
- Block
- Slate
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.14
Geolocation:
43.666859, -92.988413
Lot Dimensions:
45 x 135
Zoning:
Residential-Multi-Family
Lot Description:
Corner Lot
Schools
School District:
492
District Phone:
507-460-1900
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$4,000
Annual Maintenance Expense:
None
Annual Gross Expense:
$16,508
Annual Trash Expense:
$402
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$2,328
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$2,464
Income
Annual Gross Income:
$45,600
Misc. Annual Income:
None
Misc. Monthly Income:
None
Units
Total Units:
3
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Listing provided by RMLS,
courtesy of Re/Max Results.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.