403 2nd Nw Street, Austin, Minnesota 55912

MN, Austin
$796,000
  • Commercial Sale Property Type
  • 1900 Year Built
  • Active Status
Kyle Synowczynski
Kyle Synowczynski
  • (612) 688-6065
  • Kyle@StoneArchRealty.com
Property Description

Rare opportunity to acquire a bundled multi family investment portfolio in Southern Minnesota offered as a single package with immediate scale and diversified unit mix, including a four unit property at 403 2nd Street NW in Austin, a two unit property at 509 4th Street in Albert Lea, a two unit property at 309 3rd Avenue in Austin, and a two unit property at 404 South Main Street in Austin, for a combined total of ten residential units across four properties, encompassing approximately 9,299 finished square feet, 26 total bedrooms, and combined annual property taxes of approximately $6,808, with all properties currently tenant occupied on month to month leases providing flexibility for repositioning, rent optimization, or long term hold strategies in stable Southern Minnesota rental markets.

Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 7004319
  • Price: $796,000
  • Year Built: 1900
  • Listing Status: Active
  • Office Name: Coldwell Banker Realty
Features
  • Heating System Baseboard,Boiler
  • Parking Other
  • Utilities Electric Common
  • Sewer City Sewer/Connected
Address Map
  • Country US
  • State MN
  • County Mower
  • City Austin
  • Zipcode 55912
  • Street: 2nd
  • Street Number: 403
  • Street Suffix: Street
  • Directions: Multiple Properties. See Remarks.
  • Street Dir Suffix: NW
Neighborhood
  • High School District: Austin
MLS Addon
  • Office Name: Coldwell Banker Realty
Additional Information
  • Water Source: City Water/Connected
  • Accessibility Features: Other
  • Current Use: Residential
  • Garage: 1
  • Lot Size Dimensions: Irregular
  • Number Of Units Total: 10
Financial
  • Tax Annual Amount: 3408
Listing Information
  • List Agent Mls Id: 502026306
  • List Office Mls Id: 5116
  • Modification Timestamp: 2026-01-06T14:55:06Z
  • Originating System Name: NorthStar
Mortgage Calculator
$
$ %
years
%
$ % per year
$ %per year
$