403 2nd Street Austin, MN 55912
Listing Courtesy of: MLS LogoNORTHSTAR MLS / Coldwell Banker Realty / Mike Wilen - Contact:  612-400-9000

  403 2nd Street Austin, MN 55912

Active (402 Days)
$310,000

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.

MLS #:
6736343
Taxes
$2,272(2024)
Lot Size
5,227 SQFT
Type
Multifamily
Year Built
1900
Style
Two
School District
Austin
County
Mower County

Listed By

Mike Wilen, Coldwell Banker Realty, Contact: 612-400-9000
Source
NORTHSTAR MLS
Last checked Jun 16 2025 at 4:06 AM GMT+0000
Bathroom Details
Subdivision
  • Davidson
Heating and Cooling
  • Forced Air
Basement Information
  • Partial
Exterior Features
  • Roof: Asphalt
Utility Information
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas
Stories
  • 2
Living Area
  • 3,833 sqft
Additional Information: Minneapolis Lakes | 612-400-9000
Location
   
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