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.
| Date | Event | Price | $/Sqft | Source |
|---|---|---|---|---|
| For Sale ~ Price Changed Other | $295,000 -4.8% | $134 | RE/MAX Results | |
| For Sale ~ Price Changed Other | $310,000 -4.6% | $140 | RE/MAX Results | |
| Listed For Sale Other | $324,990 | $147 | RE/MAX Results |
| Year | Annual Amount | Description |
|---|---|---|
| 2025 | $2,328 |