403 2nd Street, Austin, Minnesota 55912

MN, Austin
$310,000
  • 8 Beds
  • 4 Bath
  • Residential Income Property Type
  • 1900 Year Built
  • Active Status
See All 11 Photos
Kyle Synowczynski
Kyle Synowczynski
  • (612) 688-6065
  • Kyle@StoneArchRealty.com
Property Description

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 rental location with continued demand growth. Whether expanding an investment portfolio or entering the multifamily market, this Austin asset presents an attractive combination of current income, expansion potential, and long-term value.

Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 7004305
  • Price: $310,000
  • Year Built: 1900
  • Listing Status: Active
  • Office Name: Coldwell Banker Realty - Lakes
  • Property Sub Type: Fourplex
  • Roof: Asphalt
Features
  • Heating System Forced Air
  • Basement Partial
  • Exterior Features Metal,Wood
  • Sewer City Sewer/Connected
Address Map
  • Country US
  • State MN
  • County Mower
  • City Austin
  • Zipcode 55912
  • Street: 2nd
  • Street Number: 403
  • Street Suffix: Street
  • Longitude: W93° 0' 51.3''
  • Latitude: N43° 40' 11.3''
  • Directions: From I-35W S and I-35 S to US-218 S in Owatonna Township. Take the US-218 S exit from US-14 E, Follow US-218 S to 2nd St NW in Austin.
Neighborhood
  • High School District: Austin
MLS Addon
  • Office Name: Coldwell Banker Realty - Lakes
Additional Information
  • Water Source: City Water/Connected
  • Accessibility Features: None
  • Building Size: 3833
  • Foundation Details: Other
  • Levels: Two
  • Lot Size Dimensions: 53x101
  • Number Of Units Total: 4
Financial
  • Tax Annual Amount: 2272
Listing Information
  • List Agent Mls Id: 502026306
  • List Office Mls Id: 5116
  • Modification Timestamp: 2026-05-27T14:02:08Z
  • Originating System Name: NorthStar
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