403 2nd Street, Austin, MN 55912
Local realty services provided by:CENTURY 21 Atwood
403 2nd Street,Austin, MN 55912
$310,000
- 8 Beds
- 4 Baths
- 3,833 sq. ft.
- Multi-family
- Active
Listed by: mike wilen
Office: coldwell banker realty - lakes
MLS#:7004305
Source:NSMLS
Price summary
- Price:$310,000
- Price per sq. ft.:$80.88
About this home
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....
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Home facts
- Year built:1900
- Listing ID #:7004305
- Added:374 day(s) ago
- Updated:June 20, 2026 at 12:05 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Basement:Yes
- Basement Description:Partial
- Living area:3,833 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Asphalt
- 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 (2024)
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