Austin Homes with Apartments/Multi Family Style

**Discover the Charm of Austin, Minnesota: A Hidden Gem for Multi-Family Living**

Nestled in the heart of Mower County, Austin, Minnesota, is a vibrant city that beautifully blends small-town charm with modern conveniences. Known for its rich history and welcoming community, Austin offers a unique lifestyle that appeals to families, young professionals, and retirees alike. With a population of approximately 24,000, this city is renowned for its friendly atmosphere and strong sense of community.

Austin is perhaps best known for its annual events, such as the famous Austin ArtWorks Festival and the lively Spam Town Festival, celebrating the city’s quirky heritage as the home of Hormel Foods. Residents and visitors can enjoy a variety of recreational activities, including picturesque parks, scenic trails, and the beautiful Cedar River, perfect for fishing and kayaking. For those who cherish the arts, the Paramount Theatre and the Austin Area Arts organization provide a plethora of cultural experiences throughout the year.

When it comes to housing, Austin offers an array of options, particularly for those interested in multi-family living. The city features a variety of homes with apartments and multi-family styles, catering to diverse needs and budgets. Whether you're looking to invest in a multi-unit property or seeking a spacious home with rental potential, Austin's real estate market has something for everyone. With its affordable housing options and growing economy, Austin is an ideal place to call home.

If you’re considering a move to Austin, Minnesota, you’ll find not just a house, but a community that welcomes you with open arms and a wealth of opportunities. Come experience the charm of Austin today!

Newest Austin Homes with Apartments/Multi Family Style

$399,900

12 Beds ⋅ 9 Baths ⋅ 7025547 MLS

Opportunity and value in Downtown Austin Minnesota. Ample parking, with great cash flow! This 9-unit building is bringing in a total of $7,645 in rents , and Management could transfer with the new owner. This has some nice updates throughout the units and mechanics, it also features a brand new roof in 2025. See supplement for related information and income/expenses.

310 S Main Street, Austin

Listing courtesy of Compass.

$796,000

7004319 MLS

Rare opportunity to acquire a bundled multi family investment portfolio in Southern Minnesota offered as a single package with immediate scale and diversified unit mix, including a four unit property at 403 2nd Street NW in Austin, a two unit property at 509 4th Street in Albert Lea, a two unit property at 309 3rd Avenue in Austin, and a two unit property at 404 South Main Street in Austin, for a combined total of ten residential units across four properties, encompassing approximately 9,299 finished square feet, 26 total bedrooms, and combined annual property taxes of approximately $6,808, with all properties currently tenant occupied on month to month leases providing flexibility for repositioning, rent optimization, or long term hold strategies in stable Southern Minnesota rental markets.

403 2nd Street NW, Austin

Listing courtesy of Coldwell Banker Realty - Lakes.

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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