For Sale: Austin MLS# 7004305
Active
NEW!
$310,000
Multi-family: Four Plex
8 br • 4 ba • Built 1900
3,833 sqft • 0.123 acres
MLS# 7004305
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Property Description
Unlock the potential of Southern Minnesota’s healthcare and housing boom with this rare multi-unit investment opportunity in the heart of Austin. Centrally located and well-positioned for long-term value, this four-unit property offers strong cash flow and room to grow in one of the region’s most stable rental markets. Units 1 through 4 each feature identical layouts with 1 bedroom, 1 bathroom, and a versatile bonus room—perfect for a home office, storage, or guest space. An insulated top-floor attic offers the potential to build out a fifth unit, subject to city or county approval, creating added value for investors seeking expansion upside. Just minutes from downtown Austin, major employers, parks, and healthcare facilities, the property enjoys a prime location that supports both lifestyle and rental demand. Whether you’re growing your portfolio or entering the multifamily space, this Austin asset presents a compelling mix of income, location, and future opportunity.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$310,000
Price per sq ft:
$81
Property Type:
Multi-family
City:
Austin
Garage Spaces:
0
County:
Mower
Year Built:
1900
State:
MN
Property Style:
Four Plex
Zip Code:
55912
Subdivision Name:
Davidson
Interior
Bedrooms:
8
Bathrooms:
4
Finished Area:
3,833 ft2
Living Area:
3,833 ft2
Basement Details:
Partial
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,916 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Roof Details:
Asphalt
Lot & Land
Acres:
0.123
Geolocation:
43.6697977665, -92.9857608479
Lot Dimensions:
53 x 101
Schools
School District:
1825
District Phone:
5074601900
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
None
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$2,272
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,272
Income
Annual Gross Income:
None
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Coldwell Banker Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.