403 2nd Street Nw, Austin, MN 55912

Local realty services provided by:Better Homes and Gardens Real Estate First Choice
#1#2#3
403 2nd Street Nw,Austin, MN 55912
$310,000
  • - Beds
  • - Baths
  • 3,833 sq. ft.
  • Multi-family
  • Active
Listed by:mike wilen real estate
Office:coldwell banker realty
MLS#:6629460
Source:NSMLS

Price summary

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

About this home

Units 1 through 4 feature identical layouts with 1 bedroom, 1 bathroom, and 1 bonus room, each rented at $650 monthly. Unit 5 offers a 2-bedroom, 1-bathroom layout with 1 bonus room, currently vacant, rents at $750. There's potential for a 6th unit - a top-floor attic already insulated and ready for customization. The owner covers all utilities and has maintained stable rents for years, offering potential for rent adjustments under new ownership. Managed locally, this property presents a hassle-free investment opportunity. Centrally located in Austin, Minnesota, the property enjoys proximity to modern conveniences. Third level ripe for development—ideal for a personalized owner-occupied space, or additional income. Do not wait, this will not last long! Unlock the potential of Southern Minnesota's healthcare boom with this exclusive investment opportunity!

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Home facts

  • Year built:1900
  • Listing Id #:6629460
  • Added:276 day(s) ago
  • Updated:July 13, 2025 at 11:56 AM

Rooms and interior

  • Living area:3,833 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1900
  • Building area:3,833 sq. ft.
  • Lot area:0.12 Acres

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 (2022)
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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