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$ 310,000
Est. payment /mo
Active
403 2nd ST Austin, MN 55912
8 Beds
4 Baths
3,833 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,833 sqft
Price per Sqft $80
Subdivision Davidson
MLS Listing ID 7004305
Bedrooms 8
Year Built 1900
Annual Tax Amount $2,272
Tax Year 2024
Contingent None
Lot Size 5,357 Sqft
Lot Dimensions 53x101
Property Sub-Type Fourplex
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.
Location
State MN
County Mower
Rooms
Basement Partial
Interior
Heating Forced Air
Fireplace No
Exterior
Roof Type Asphalt
Building
Story Two
Foundation 1916
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District Austin
Listed by Mike Wilen • Coldwell Banker Realty - Lakes