$310,000

403 2nd Street, Austin, MN 55912

  • 8 beds |
  • 4 baths |
  • 3,833 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon5,358sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $81/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

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.

Listing Status:
Active
Data Last Updated:
June 13, 2026 at 3:19AM
Listing Office:
Coldwell Banker Realty - Lakes : 612-920-5605
MLS ID:
7004305
  • Basement: Partial
  • Heating: Forced Air
  • General: MetalWood
  • Roofing: Asphalt
  • General: TwoOther
  • Originating MLS: northstar
  • School District: Austin
  • County: Mower
  • Zoning: 341851030
  • Water: City Water/Connected
  • Sewer: City Sewer/Connected
  • Source: northstar

This listing courtesy of Coldwell Banker Realty - Lakes

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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