$275,000
915 1st Drive NW Austin, MN 55912
For Sale MLS# 6761736
4,525 sq ft Commercial
Details for 915 1st Drive NW
MLS# 6761736
Description for 915 1st Drive NW, Austin, MN, 55912
Five unit apartment building centrally located with ease of access to downtown businesses, schools, parks, pool, trails, and lake. The building offers secure entry doors, new 40-Year roof, new fire alarm system, new boiler, newer water heaters, new electrical service, and many updates to plumbing. The main floor has a very spacious two-bedroom apartment and a laundry room with coin-op machines. The second floor has a one-bedroom apartment, and an efficiency apartment. The third floor has a one-bedroom apartment. The basement has a two-bedroom apartment. Apartments 2,3,4 and 5 are on month-to-month leases. Apartment 1 has a new tenant. Apartment 2 has been there since Nov. 2024. Apartment 3 has been there since Feb. 2023. Apartment 4 has been there since Feb. 2024. Apartment 5 has been there since Feb. 2025. The building offers spacious off-street parking for tenants. The pictures are of the apartments prior to tenant move in, but all units are occupied.
Listing Information
Property Type: Commercial, Apartments/Multi Family
Status: Active
Bedrooms: 7
Bathrooms: 5
Lot Size: 0.21 Acres
Square Feet: 4,525 sq ft
Year Built: 1910
Foundation: 960 sq ft
Stories: Three Or More
Subdivision: F R Smith Add
Number Of Units Total: 5
Current Use: Residential
County: Mower
Days On Market: 220
Construction Status: Previously Owned
School Information
District: 492 - Austin
Interior Features
Appliances: Range, Refrigerator
Basement: Finished (Livable)
Additional Interior Features: Hardwood Floors
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Common,Hot Water Common
Heating: Natural Gas, Boiler
Exterior / Lot Features
Open Parking: 6
Parking Description: Parking Lot
Exterior: Slate
Roof: Age 8 Years or Less, Asphalt Shingles
Lot Dimensions: 100 x
Zoning: Residential-Multi-Family
Additional Exterior/Lot Features: Land Inclusions - Building,Land, Road Frontage - Sidewalks, Paved Streets, City
Unit Information
Unit 1 Actual Rent: 850
Unit 1 Baths Total: 1
Unit 1 Beds Total: 2
Unit 1 Rooms Total: 5
Unit 2 Actual Rent: 550
Unit 2 Baths Total: 1
Unit 2 Beds Total: 1
Unit 2 Rooms Total: 3
Unit 3 Actual Rent: 570
Unit 3 Baths Total: 1
Unit 3 Beds Total: 1
Unit 3 Rooms Total: 4
Unit 4 Actual Rent: 550
Unit 4 Baths Total: 1
Unit 4 Beds Total: 1
Unit 4 Rooms Total: 4
Unit 5 Actual Rent: 725
Unit 5 Baths Total: 1
Unit 5 Beds Total: 2
Unit 5 Rooms Total: 4
Driving Directions
I 90 to 4th Street Exit
Financial Considerations
Tenant Pays: Electric
Owner Pays: Sewer,Trash,Water
Gross Income: 36084
Expense: 12761
Tax/Property ID: 346450060
Tax Amount: 2214
Tax Year: 2024
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Aleres, LLC
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, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 915 1st Drive NW
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 915 1st Drive NW
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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