1110 W Oakland Ave Austin, MN 55912
Estimated payment $2,111/month
Highlights
- Corner Lot
- Forced Air Heating System
- Coin Laundry
About This Home
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 $3800/month, plus untapped potential for additional $200+ monthly garage rental and coin operated laundry, this property is a cash flow machine from day one. The building features 3 units - one fully renovated 1 bed/1 bath (previously an office, brand new inside), and two spacious 2 bed/1 bath units. Tenants love the location and layout, and leases are solid, with one locked in for two years. Recent updates include a new roof (under 6 months old), insuring low maintenance for years to come. Whether you're looking to add a strong performer to your portfolio or get started in multifamily investing, this property delivers stable income, location appeal, and future upside.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,328
Year Built
- Built in 1920
Lot Details
- Lot Dimensions are 45x135
- Corner Lot
Parking
- 2 Car Garage
Home Design
- Triplex
Interior Spaces
- 2,208 Sq Ft Home
- 2-Story Property
- Basement
- Crawl Space
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Utilities
- Forced Air Heating System
Listing and Financial Details
- Assessor Parcel Number 347952210
Community Details
Overview
- 3 Units
- Yates & Lewis Subdivision
Amenities
- Coin Laundry
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,464 | $140,800 | $40,900 | $99,900 |
| 2023 | $2,212 | $138,900 | $40,900 | $98,000 |
| 2022 | $2,132 | $125,700 | $40,900 | $84,800 |
| 2021 | $2,086 | $109,600 | $34,100 | $75,500 |
| 2020 | $2,170 | $104,600 | $34,100 | $70,500 |
| 2018 | $772 | $104,200 | $34,100 | $70,100 |
| 2017 | $1,544 | $0 | $0 | $0 |
| 2016 | $2,048 | $0 | $0 | $0 |
| 2015 | $1,656 | $0 | $0 | $0 |
| 2012 | $1,656 | $0 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/02/2025 05/02/25 | For Sale | $350,000 | -- | $159 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $215,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $158,000 | New Conventional | |
| Previous Owner | $65,000 | Commercial |
Source: NorthstarMLS
MLS Number: 6714558
APN: 34-795-2210
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