403 2nd Street, Austin, MN 55912

Austin
Local realty services provided by:ERA Prospera 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
MLS#:7004305
Source:NSMLS

Price summary

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

About this home

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.

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Home facts

  • Year built:1900
  • Listing ID #:7004305
  • Added:293 day(s) ago
  • Updated:March 31, 2026 at 04:43 AM

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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