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$295,000
Est. payment /mo
5 Beds
3 Baths
2,208 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,208 sqft
Price per Sqft $133
Subdivision Yates & Lewis
MLS Listing ID 7042144
Bedrooms 5
Year Built 1959
Annual Tax Amount $2,328
Tax Year 2025
Contingent None
Lot Size 6098.000 Acres
Lot Dimensions 95x135
Property Sub-Type Triplex
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 $3750/month, plus untapped potential for additional $200+ monthly garage rental and coin operated laundry, this property is a cash flow machine for day one. The building features 3 units- one fully renovated 1 bed/1 bath (previously an office), and two spacious 2 bed/1 bath units. Tenants love the location and layout, and leases are solid. Recent updates include a newer roof (under 2 years old), insuring low maintenance for years to come. Whether you're looking to add a strong performer to your portfolio or get started in multi-family investing, this property delivers stable income, location appeal, and future upside.
Location
State MN
County Mower
Zoning Residential-Multi-Family
Rooms
Basement Block, Crawl Space
Interior
Heating Forced Air
Fireplace No
Laundry In Basement
Exterior
Parking Features Detached Garage, Concrete
Garage Spaces 2.0
Roof Type Age 8 Years or Less
Building
Lot Description Corner Lot
Story Two
Foundation 1560
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District Austin
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Listed by Diego Correa Bravo • Re/Max Results
NEARBY SCHOOL & BUSINESS
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