403 2nd Street, Austin, MN 55912

Austin
Local realty services provided by:ERA Gillespie Real Estate
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...

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Home facts

  • Year built:1900
  • Listing ID #:7004305
  • Added:338 day(s) ago
  • Updated:May 15, 2026 at 12:43 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)
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.

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