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1110 W Oakland Ave 3 Unit Apartment Building $324,990 ($108,330/Unit) 8.76% Cap Rate Austin, MN 55912
Investment Highlights
- Located on one of the busiest roads of Austin
- Strong tenant leases
- Cash Flowing from day one
Executive Summary
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.
Property Facts
| Price | $324,990 | Building Class | C |
| Price Per Unit | $108,330 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 3,072 SF |
| Cap Rate | 8.76% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2024 |
| Property Subtype | Apartment | Parking Ratio | 0.65/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Multi-Family/Commercial | ||
| Price | $324,990 |
| Price Per Unit | $108,330 |
| Sale Type | Investment |
| Cap Rate | 8.76% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,072 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1920/2024 |
| Parking Ratio | 0.65/1,000 SF |
| Zoning | Multi-Family/Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 2 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 34-795-2210 | Improvements Assessment | $159,400 |
| Land Assessment | $21,600 | Total Assessment | $181,000 |
Property Taxes
Parcel Number
34-795-2210
Land Assessment
$21,600
Improvements Assessment
$159,400
Total Assessment
$181,000
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1110 W Oakland Ave
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