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Leased Triplex with Rental Potential
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1110 W Oakland Ave, Austin, MN 55912

Fully leased triplex with one renovated 1-bed unit and two 2-bed units, plus roof recently replaced.

Property Size3,072 SF
Price / SF$96.03
Days on Market162

Property Features for 1110 W Oakland Ave

General Information

Standard status Active
Size 3,072 SF
Property subtype Multifamily
Occupancy 100%
Investment Type Owner/User

Additional Details

Multifamily Units 3

Building Details

Year Built 1920
Year Renovated 2024
Buildings 1
Stories 2
Units 3
Tenancy Multi
Listing Agency: RE/MAX Results
Listed By: Diego Correa · License #40887410
Source: Crexi
Added: Mar 29 Changed: Aug 14 Last Checked: Sep 4 at 5:54AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Results

Investment Insights

Based on property information with market context.

This fully leased triplex includes three rental units. One unit is a renovated 1 bed/1 bath that was previously used as an office, and the other two units are spacious 2 bed/1 bath layouts. The property also offers additional income potential through garage rental and coin-operated laundry.

The building is located at 1110 W Oakland Ave in Austin, Minnesota. Recent updates include a newer roof installed less than two years ago, helping support lower maintenance going forward.

For investors seeking an income-producing residential property with a mix of unit sizes, this triplex provides current rental occupancy along with opportunities to expand revenue from existing utility and space offerings.

Key Highlights

  • Fully leased triplex on Oakland Ave with strong current rents totaling $3,750/month
  • 3‑unit layout: one renovated 1 bed/1 bath (previously an office) plus two 2 bed/1 bath units
  • Roof replacement is newer than 2 years old

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Nail Salon Law Firm Restaurant (Bike/Boat/Book/etc) Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

226
Businesses Nearby

Demographics for 55912, MN

29,718
Population
12,443
Households
2.4
Avg Household Size
37
Median Age
24%
College-Educated
88%
High-School Grad
188.0 sq mi
ZIP Area
158
Density / Sq Mi
$68,205
Median Household Income
$43,937
Median Earnings
$864
Median Rent
$161,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Fully leased triplex with one renovated 1-bed unit and two 2-bed units, plus roof recently replaced.
Where is this triplex located?
The property is located at 1110 W Oakland Ave Austin, MN.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Fully leased triplex on Oakland Ave with strong current rents totaling $3,750/month; 3‑unit layout: one renovated 1 bed/1 bath (previously an office) plus two 2 bed/1 bath units; Roof replacement is newer than 2 years old
More about this property
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