1. Minnesota
  2. Austin
  3. 403 2nd Street
$310,000

403 2nd Street, Austin, MN 55912

  • 3,833 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon5,227sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $81/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Unlock the potential of Southern Minnesota’s healthcare and housing boom with this rare multi-unit investment opportunity in the heart of Austin. Centrally located and well-positioned for long-term value, this four-unit property offers strong cash flow and room to grow in one of the region’s most stable rental markets. Units 1 through 4 each feature identical layouts with 1 bedroom, 1 bathroom, and a versatile bonus room—perfect for a home office, storage, or guest space. An insulated top-floor attic offers the potential to build out a fifth unit, subject to city or county approval, creating added value for investors seeking expansion upside. Just minutes from downtown Austin, major employers, parks, and healthcare facilities, the property enjoys a prime location that supports both lifestyle and rental demand. Whether you’re growing your portfolio or entering the multifamily space, this Austin asset presents a compelling mix of income, location, and future opportunity.

Listing Status:
Active
Listing Office:
Coldwell Banker Realty : 612-920-5605
MLS ID:
6736343
  • Basement: Partial
  • Heating: Forced Air

This listing courtesy of Coldwell Banker Realty

Monthly Payment

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

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Location

Schools Nearby

A

Austin Community Learning Center

912 1st Ave NE, Austin, MN, 55912

Grades PK-12

0.52 miles away

A

Austin Area Learning Center

301 3rd St NW, Austin, MN, 55912

Grades 6-12

0.48 miles away

A

Austin Area Learning Center

301 3rd St NW, Austin, MN, 55912

Grades 6-12

0.48 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.