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$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.

$189,900
3 Beds 2 Baths 6806049 MLS
Move-in ready and easy to love, this well-maintained 3-bedroom, 2-bath townhome offers comfortable living with thoughtful updates throughout. Enjoy true main-level living plus a finished lower level that adds flexible space for guests, a home office, or hobbies. Recent updates include brand-new carpet, fresh paint, and updated kitchen flooring, giving the home a clean, refreshed feel from the moment you walk in. The lower level features new luxury vinyl plank flooring, a spacious family room, and two additional rooms—perfect for adapting to your needs. A rare bonus, this property includes both an attached and detached garage, offering extra storage and convenience you don’t often find at this price point. With no HOA fees and a newer roof (2014), this home delivers low-maintenance living and long-term value. Located near local parks and downtown, this is a great opportunity to own a move-in ready home with space, flexibility, and affordability. Newly priced to offer exceptional value—schedule your showing today.

209 E Henry Street, Le Roy

Listing courtesy of Dwell Realty Group LLC.

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