MLS: #7004305, Listed By: Mike Wilen, Coldwell Banker Realty - Lakes, Source:FargoMoorhead Area Association of REALTORS
403 2nd Street
Austin, MN 55912
8
Bed
4
Bath
3,833Sqft
0.12Acre(Lot)
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 app
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 8Bathroom Information
Total Baths: 4Room Information
Has Basement: Yes Basement: Partial -
Roofing Information
Asphalt, Shingle -
Interior Features
Roof: Asphalt, Shingle -
Heating & Cooling
Has Heating: Yes Heating: Forced Air
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Building Information
Year Built: 1900 Building Area Total: 3833 Stories: 2 Private Pool: No
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Lot Information
Lot Dimensions: 53x101 Main Square Feet: 0.12 Acres Lot Size Acres: 0.12 Lot Size Square Feet: 5227.2Property Information
Subdivision: Davidson Source Property Type: Residential Income Property SubType: Quadruplex Levels: Two Property Age: 126
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Listing Price Information
Listing Price: $310000
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Tax Information
Parcel Number: 341851030 Annual Tax: $2272
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Location Information
Direction: From I-35W S and I-35 S to US-218 S in Owatonna Township. Take the US-218 S exit from US-14 E, Follow US-218 S to 2nd St NW in Austin. WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 907 8th Street, Austin, MN, 55912 | $219,900 | 4 | 2 | 1,522 | 1,522 SqFt |
| 404 Main Street, Austin, MN, 55912 | $118,000 | 6 | 2 | 1,632 | 1,632 SqFt |
| 309 3rd Avenue, Austin, MN, 55912 | $179,000 | 5 | 2 | 1,944 | 1,944 SqFt |
| 610 8th Street, Austin, MN, 55912 | $228,500 | 4 | 4 | 2,408 | 2,408 SqFt |
| 1110 W Oakland Avenue, Austin, MN, 55912 | $295,000 | 5 | 3 | 2,208 | 2,208 SqFt |
Similar Multifamily To 403 2nd Street
Nearby For Sale
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ByOwner last updated this listing 06/05/2026 @ 10:04
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