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Up-Down Duplex with Private Entrances
For Sale
$179,000

309 3rd Ave SW, Austin, MN 55912

Classic two-unit property with separate entrances and recently painted wood siding.

Property Size1,944 SF
Price / SF$92.08
Days on Market32

Property Features for 309 3rd Ave SW

General Information

Standard status Active
Size 1,944 SF
Property subtype Multi-Family

Additional Details

Multifamily Units 2

Building Details

Year Built 1892
Buildings 1
Listing Agency: Coldwell Banker Realty - Lakes
Listed By: Mike Wilen
Source: Homesminn
Added: Jul 31 Changed: Aug 29 Last Checked: Aug 30 at 6:57PM

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 Coldwell Banker Realty - Lakes

Investment Insights

Based on property information with market context.

This up-down duplex contains 1,944 square feet within a two-unit configuration, with a private entrance serving each residence. The property was built in 1892 and features wood siding that has been recently painted. Interior areas are described as spacious, naturally lit, and functionally arranged for residential use.

Located at 309 3rd Ave SW in Austin, Minnesota, the property is near downtown Austin, parks, schools, and local employers. Its central setting provides access to several community destinations while retaining the separation created by the individual unit entrances.

Key Highlights

  • Up‑down duplex configuration with 1,944 square feet
  • Separate private entrance for each unit
  • Recently painted wood siding

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Daycare Center Locksmith Bakery Kitchen & Bath Showroom Big Box & Wholesale Store

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

719
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?
Duplex - Classic two-unit property with separate entrances and recently painted wood siding.
Where is this duplex located?
The property is located at 309 3rd Ave SW Austin, MN.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: Up‑down duplex configuration with 1,944 square feet; Separate private entrance for each unit; Recently painted wood siding
More about this property
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