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403 2nd Street Nw, Austin, MN 55912

Austin
Local realty services provided by:CENTURY 21 FM Realty
403 2nd Street Nw,Austin, MN 55912
$310,000
  • 1 Beds
  • 4 Baths
  • 3,833 sq. ft.
  • Multi-family
  • Active
Listed by: mike wilen
Office: coldwell banker realty - lakes
MLS#:7160383
Source:NSMLS

Price summary

  • Price:$310,000
  • Price per sq. ft.:$80.88

About this home

A compelling investment opportunity in the heart of Austin, this multifamily property offers four conforming units, one nonconforming unit, and additional upside for an investor with a vision. The property features four one-bedroom units, each with a bonus room, along with a fifth unit offering two bedrooms and a bonus room. Four units are currently rented at $650 per month, while the fifth unit is vacant, presenting an opportunity to secure a new tenant or explore alternative uses. The unfinished third level offers further potential for expansion, subject to applicable approvals, with possibilities for additional living space or future rental units. Rich in character and offering a flexible layout, the property presents an opportunity to reposition an established income-producing asset, evaluate rental rates, and pursue improvements over time. Centrally located in Austin, with convenient access to local businesses, services, and community amenities, this multifamily property offers...

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Home facts

  • Year built:1900
  • Subdivision & Development:Davidson
  • Listing ID #:7160383
  • Added:9 day(s) ago
  • Updated:October 24, 2026 at 12:11 PM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:4
  • Basement:Yes
  • Basement Description:Partial
  • Living area:3,833 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1900
  • Building area:3,833 sq. ft.
  • Lot area:0.12 Acres
  • Levels:2 Story

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$310,000
  • Price per sq. ft.:$80.88
  • Tax amount:$2,272 (2026)

Parking

  • Parking description:Gravel
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is 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. NSMLS Member Broker: John Colvin

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