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.
123 days
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55
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1
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Zillow last checked:
Listing updated:
Listed by:
Diego Correa Bravo507-601-9145,
Re/Max Results
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7042144
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 3
Heating
Forced Air
Appliances
Laundry: In Basement
Features
Basement: Block,Crawl Space
Interior area
Total structure area: 3,077
Total interior livable area: 2,208 sqft
Finished area above ground: 2,208
Finished area below ground: 0
Property
Parking
Total spaces: 2
Parking features: Detached Garage, Concrete
Garage spaces: 2
Accessibility
Accessibility features: None
Features
Levels: Two
Lot
Size: 6,098 Square Feet
Dimensions: 95 x 135
Features: Corner Lot
Details
Foundation area: 1560
Parcel number: 347952210
Zoning description: Residential-Multi-Family
Construction
Type & style
Home type: MultiFamily
Property subtype: Triplex
Materials
Roof: Age 8 Years or Less
Condition
New construction: No
Year built: 1959
Utilities & green energy
Electric: Circuit Breakers
Gas: Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected
Community & HOA
Community
Subdivision: Yates & Lewis
Location
Region: Austin
Financial & listing details
Price per square foot: $134/sqft
Tax assessed value: $181,000
Annual tax amount: $2,328
Date on market: 3/24/2026
Cumulative days on market: 216 days
Estimated market value
Zestimate®
$291,800
Estimated sales range
$277,000 - $306,000
Rent Zestimate®
$1,579/mo
Price history
Date
Event
Price
5/20/2026
Price change
$295,000-4.8%$134/sqft
Source: NorthstarMLS as distributed by MLS GRID #7042144Report a problem
4/30/2026
Price change
$310,000-4.6%$140/sqft
Source: NorthstarMLS as distributed by MLS GRID #7042144Report a problem
3/24/2026
Listed for sale
$324,990-7.1%$147/sqft
Source: NorthstarMLS as distributed by MLS GRID #7042144Report a problem
11/3/2025
Listing removed
$350,000$159/sqft
Source: NorthstarMLS as distributed by MLS GRID #6714558Report a problem
5/3/2025
Listed for sale
$350,000+62.8%$159/sqft
Source: NorthstarMLS as distributed by MLS GRID #6714558Report a problem
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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