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$395,000
7017737 MLS
Prime Downtown Austin Commercial Opportunity This two unit commercial property is located in the heart of downtown Austin, MN and offers excellent visibility and strong foot traffic. The building includes two separate commercial spaces, providing flexibility for investors or owner occupants. One unit is currently occupied by a month to month tenant, offering immediate income with flexibility for future use. Low annual operating fees help keep ownership costs efficient and attractive. The space is suitable for retail, office, or service based businesses and features large street facing windows that provide great natural light and exposure. Located just steps from downtown shops, restaurants, and amenities, this property offers a strong combination of location, functionality, and potential.

507 1st Street NW Unit B&C, Austin

Listing courtesy of Dwell Realty Group LLC.

$1,200,000
4 Beds 6 Baths 7005329 MLS
Welcome to this exquisite, custom-built residence where modern luxury meets timeless craftsmanship. This magnificent home boasts an array of premium features and superior construction, offering an unparalleled living experience. Property Highlights: Architectural Elegance: Crafted with meticulous attention to detail, the home features stunning honed plank wood siding and steel shingles that seamlessly blend durability with sophisticated design. Innovative Foundation: The t-mass foundation ensures exceptional soundproofing and temperature stability, providing a serene and comfortable living environment. Energy Efficiency: Equipped with a state-of-the-art dual geothermal heating and cooling system, complemented by an electric backup water heater, this home is designed for maximum efficiency and minimal environmental impact. Heated Basement Floors: Enjoy year-round comfort with luxurious heated floors throughout the basement, open area ready to be customized to your liking. Gourmet Kitchen: The chef’s kitchen showcases exquisite granite countertops, perfect for both everyday meals and entertaining guests. Spacious Living Areas: Open-concept design with expansive living space and high ceilings. Bonus rec room in the upper level. Prime Location: Situated in a sought-after neighborhood, offering convenient access to town. Additional Features: Custom cabinetry Large, attached garage Expansive outdoor living areas, including a beautifully landscaped yard Energy-efficient windows and doors Advanced security system

650 33rd Street NW, Austin

Listing courtesy of Dwell Realty Group LLC.

$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.

$118,000
6 Beds 2 Baths 7004308 MLS
Discover an outstanding opportunity with this up/down duplex located right on the edge of Downtown Austin. Situated just blocks away from the city's vibrant entertainment, restaurants, and cultural offerings, this property offers the quintessential Austin lifestyle. Both units feature spacious kitchens and living areas, ensuring comfortable and desirable living spaces for tenants. With such a prime location, you can expect high demand from renters who want to be in the heart of all that Austin has to offer. Investors and property owners will appreciate the ease of renting and the potential for steady rental income that this duplex presents. Don't miss the chance to own a piece of Austin's bustling downtown scene and make a sound investment in the heart of the city.

404 Main Street, Austin

Listing courtesy of Coldwell Banker Realty - Lakes.

$310,000
8 Beds 4 Baths 7004305 MLS
Capitalize on Southern Minnesota’s growing healthcare and housing demand with this rare multi-unit investment opportunity in the heart of Austin. Centrally located and positioned for long-term appreciation, this property offers strong in-place cash flow, value-add potential, and flexibility in one of the region’s most stable rental markets. Unit 1: 1 Bed / 1 Bath / Bonus Room / $650 month. Unit 2: 1 Bed / 1 Bath / Bonus Room / $650 month. Unit 3: 1 Bed / 1 Bath / Bonus Room / $650 month. Unit 4: 1 Bed / 1 Bath / Bonus Room / $650 month. Unit 5: 2 Bed / 1 Bath / Bonus Room / $750 month. An insulated top-floor attic, considered Unit 6, is already prepared for finishing and presents excellent future upside with the potential for an additional unit or expanded living space, subject to city approval. Owner currently pays all utilities. Conveniently located just minutes from downtown Austin, major employers, parks, shopping, and healthcare facilities, this property benefits from a strong rental location with continued demand growth. Whether expanding an investment portfolio or entering the multifamily market, this Austin asset presents an attractive combination of current income, expansion potential, and long-term value.

403 2nd Street, Austin

Listing courtesy of Coldwell Banker Realty - Lakes.

$179,000
5 Beds 2 Baths 7004300 MLS
Opportunity and value meet in this centrally located duplex in the heart of Austin, Minnesota. This charming up-down style property offers flexible living or investment potential, ideal for both owner-occupants and portfolio-minded buyers. Each unit enjoys its own private entrance, creating a sense of separation and privacy. The exterior features recently painted wood siding, enhancing curb appeal while reflecting ongoing care and maintenance. The layout offers spacious interiors, natural light, and functional living areas, all within a classic duplex configuration. With its convenient proximity to downtown Austin, parks, schools, and local employers, this property is well-positioned for steady rental demand. Whether you're looking to live in one unit and rent the other, or fully lease both for income, this duplex delivers a smart mix of character, location, and long-term upside.

309 3rd Avenue SW, Austin

Listing courtesy of Coldwell Banker Realty - Lakes.

$290,000
6770026 MLS
Looking to start your own business and require some storage and office space? Look no further! This commercial property would be great use for an Electrician, Carpenter, Roofer, HVAC, or small car repair specialist. This property offers a front office area complete with a 3/4 bath that is handicap accessible, on demand water heater, and a separate furnace from shop area. The heated Shop area has overhead garage door in front and back, and a newly shingled roof installed in July, 2025. Property is partially fenced and has several spots for parking. The 2nd lot/building with a concrete slab & space heater, is a perfect place to store your extra items or to lease out. There are SO many possibilities here! Sellers are motivated, so come take a look to see if this property would work for your next business adventure!

1007 3rd Avenue NE, Austin

Listing courtesy of RE/MAX Results.

$150,000
6670125 MLS
Seize this rare opportunity to own a 6.77-acre, 700-foot waterfront lot in the highly sought-after CrestHaven Addition! This level, ready-to-build property offers the best value in Minnesota for a premium city lot with ample space, privacy, and stunning natural surroundings—all while being right in town with full city amenities. With no builder or association restrictions beyond city, county, and state requirements, this lot is the perfect setting for a beautiful home. Nestled in an established neighborhood known for its stunning homes, you'll enjoy easy access to I-90 while having the freedom to create your own private oasis. Experience wildlife, open space, and scenic views—without sacrificing convenience. This is a rare find—lots like this are few and far between! Take a hike and check it out today. Contact us for more details before it's gone!

2500 6th Avenue NW, Austin

Listing courtesy of Country Time Realty.

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