1110 W Oakland Avenue, Austin, MN 55912 (MLS# 7042144)
$295,000
Austin, MN 55912
MLS# 7042144
5 beds | 3 baths | 3077 sqft
1 / 8
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.
Details
Maps
Contract Information
Status: Active
Contingency: None
Current Price: 295000
Original List Price: 324990
ListPrice: 295000
List Date: 2026-03-23
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Square Feet
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1959
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 5
Baths Total: 3
Main Floor Total SqFt: 2208
Above Ground SqFt: 3077
Total SqFt: 3077
Foundation Size: 1560
Lot Size SqFt: 6098
Style: (MF) Triplex
Total Finished Sqft: 2208.00
Garage Stalls: 2
Lot Dimensions: 95x135
Assessment Pending: Yes
Location Tax and Other Information
House Number: 1110
Street Direction Prefix: W
Street Name: Oakland
Street Suffix: Avenue
Postal City: Austin
County: Mower
State: MN
Zip Code: 55912
Complex/Dev/Subdivision: Yates & Lewis
Assessments
Assessment Balance: 136
Tax With Assessments: 2464
Building Information
Finished SqFt Above Ground: 2208
Income and Expenses
Annual Gross Expenses: 16508
Annual Gross Income: 45000
Annual Insurance Expense: 4000
Annual Net Income: 28492
Annual Trash Expense: 407
Total Annual Expenses: 16508
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 480
Unit 1
Furnished?: No
Leased?: Yes
Unit Number: 1
Annual Rent: 10800
Finished SqFt: 1
Full Baths: 1
Monthly Expense: 61
Monthly Rent: 900
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 2
Unit 2
Furnished?: No
Leased?: Yes
Unit Number: 2
Annual Rent: 18000
Finished SqFt: 1
Full Baths: 1
Monthly Expense: 287
Monthly Rent: 1500
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 2
Unit 3
Furnished?: No
Leased?: Yes
Unit Number: 3
Annual Rent: 16200
Finished SqFt: 1
Full Baths: 1
Monthly Expense: 139
Monthly Rent: 1350
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 2
Unit Details
Total Units: 3
Property Features
Accessible: None
Basement: Concrete Block; Crawl Space
Construction Status: Previously Owned
Electric: Circuit Breakers
Exterior: Block
Foundation: Combination
Fuel: Natural Gas
Heating: Forced Air
Laundry: In Basement
Lot Description: Corner Lot
Owner Pays: All Utilities
Rental License Type: Standard
Road Frontage: City Street
Roof: Age 8 Years or Less
Sewer: City Sewer/Connected
Stories: Two
Water: City Water/Connected
Listing Office: Re/Max Results
Last Updated: May - 20 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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