Triplex in Austin — Sale in Austin, MN

  • Price: $295K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Austin, MN 55912
  • Size: 2,208 SF
  • Year built: 1920

Investment Figures

Price per square foot
$134

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

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.

Market Context

This multifamily in Austin, MN is listed for sale at $295,000 across 2,208 SF. The building dates to 1920. It has been on the market for 74 days. Compare it against other multifamily listings for sale in Austin, MN — view the full market.

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