This multi-unit is located in a cul-de-sac and adjacent to a city park, with spacious and clean apartments, newer windows, extra storage and is fully rented. This property has shown 15% ROI. Great investment. You won't be disappointed.
This multi-unit is located in a cul-de-sac and adjacent to a city park, with spacious and clean apartments, newer windows, extra storage and is fully rented. You won't be disappointed!
RASM #4344350
Sep 30, 2014
Sold
$61,250
Jul 10, 2012
Listed
$95,000
NORTHSTARMLS as Distributed by MLS Grid #5035505
Sep 30, 2014
Sold
$61,250
Jul 10, 2012
Listed
$95,000
+13
NORTHSTARMLS as Distributed by MLS Grid #SEMN4038800
May 5, 2014
Price Changed
$95,000
Apr 11, 2014
Listing Removed
—
Feb 25, 2014
Listed
$99,500
Year
Property tax
Land + Additions
Assessment*
2026
$3,110 (+5.1%)
$13,700 + $172,900
$186,600
2025
$2,960 (+34.3%)
2024
$2,204 (−1.8%)
2023
$2,244 (−1.1%)
$13,700 + $127,600
$141,300
2022
$2,268 (+23.9%)
$13,700 + $114,600
$128,300
2021
$1,830 (−15.4%)
$13,700 + $87,100
$100,800
2019
$2,162 (+23.7%)
$13,700 + $103,400
$117,100
2018
$1,748 (+4.4%)
$13,700 + $84,600
$98,300
2017
$1,674 (−2.2%)
$13,700 + $84,600
$98,300
2016
$1,712 (−0.3%)
$13,700 + $84,600
$98,300
2015
$1,718 (+2.8%)
$13,700 + $92,700
$106,400
2014
$1,672
$13,700 + $92,700
$106,400
Tax history for 502 1st St SW
Year
Property tax
Land + Additions
Assessment*
2026
$3,110 (+5.1%)
$13,700 + $172,900
$186,600
2025
$2,960 (+34.3%)
2024
$2,204 (−1.8%)
2023
$2,244 (−1.1%)
$13,700 + $127,600
$141,300
2022
$2,268 (+23.9%)
$13,700 + $114,600
$128,300
2021
$1,830 (−15.4%)
$13,700 + $87,100
$100,800
2019
$2,162 (+23.7%)
$13,700 + $103,400
$117,100
2018
$1,748 (+4.4%)
$13,700 + $84,600
$98,300
2017
$1,674 (−2.2%)
$13,700 + $84,600
$98,300
2016
$1,712 (−0.3%)
$13,700 + $84,600
$98,300
2015
$1,718 (+2.8%)
$13,700 + $92,700
$106,400
2014
$1,672
$13,700 + $92,700
$106,400
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
6
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
6,795 Sq. Ft.
Year renovated
1888
Sq. Ft.
3,712
Year built
1888
Style
Multi-Family (5+ Unit)
County
Mower County
APN
34.865.0295
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 28, 2026.
Property details
Parking
Parking Information
Parking Features: Attached Garage
Interior
Basement Information
Basement Features: Full, Concrete
Heating & Cooling
Heating Information: Hot Water
Multi-Unit Information
# of Units (Total): 4
Unit Type 1 Information
# of Rooms Total: 5
# of Bedrooms: 2
# of Bathrooms: 1
# of Full Bathrooms: 1
Appliances: Range
Unit Type 2 Information
# of Rooms Total: 5
# of Bedrooms: 2
# of Bathrooms: 1
# of Full Bathrooms: 1
Appliances: Range
Unit Type 3 Information
# of Rooms Total: 4
# of Bedrooms: 1
# of Bathrooms: 1
# of Full Bathrooms: 1
Appliances: Range
Unit Type 4 Information
# of Rooms Total: 3
# of Bedrooms: 1
# of Bathrooms: 1
# of Full Bathrooms: 1
Appliances: Range
Exterior
Building Information
Construction Materials: Slate
New Construction
Roof: Asphalt
Property Information
FractionalOwnershipYN: No
Owner Occupied: No
Property Type: Residential Income
Property Sub Type: Quadruplex
Above Grade Finished Area: 3,015
Below Grade Finished Area: 904
Lot Information
Lot Features: Tree Coverage - Light
Lot Size Area: 0.15
Lot Size Units: Acres
Lot Size Dimensions: 56 x 120
Road Frontage Type: Cul De Sac
Financial
Tax Information
Tax Annual Amount: $1,718
Tax Year: 2015
Tax With Assessments: $1,718
Lease / Rent Details
RentalLicense Y/N: No
Utilities
Utility Information
Water Source: City Water/Connected
Sewer: City Sewer/Connected
Location
HOA Information
Association Amenities: Coin-op Laundry Owned
School Information
High School District: Austin
School District Number: 492
School District Phone: 507-460-1900
Location Information
Directions: Oakland Ave. W to 1st Street SW, house on the right.
Public facts
Beds: 6
Baths: —
Sq. Ft.: 3,712
Stories: 2.0
Lot Size: 6,795 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1888
Year Renovated: 1888
County: Mower County
APN: 34.865.0295
Home facts updated by county records on Oct 28, 2026
Other
Home Information
Living Area: 3919
Main Level Finished Area: 1404.0000
Building Area Total: 4517
Around this home
Schools
Banfield Elementary School
Public PreK-4 • Assigned • 1.0mi
3/10
Ellis Middle School
Public 7-8 • Assigned • 1.2mi
4/10
Austin Senior High School
Public 9-12 • Assigned • 0.3mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
1/10 Heat Factor
7 days above 98° expected this year, 16 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Austin, MN • 55912
Average low and high temperatures (°F)
23
7
31
15
49
29
57
39
70
49
78
61
82
66
77
61
75
55
65
44
45
30
30
15
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.9 hours in
June and 3.7 hours in December, which is comparable to the
U.S. average for solar exposure.