403 2nd St NE

4
Baths
3,833 Sq. Ft.
$81 / Sq. Ft.
3,833
Sq. Ft.
$81
per Sq. Ft.

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...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.
  1. Listed by Coldwell Banker Realty • Mike Wilen

Property Details for 403 2nd Street Northeast

Subdivision Name
Davidson
LISTING UPDATED: 01/06/2026 08:54 AM

Property Details for 403 2nd Street Northeast

StatusActive
MLS #7004305
Days on Compass19
Taxes$2,272 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1900
Lot Size0.12 AC / 5,357 SF
CountyMower County

Location

Listing Courtesy of Coldwell Banker Realty
Add your commute

Building Information for 403 2nd Street Northeast

Stories-Residences4Year Built1900Building Size-Lot Size0.12 AC / 5,357 SF

Payment Calculator

$1,700 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,511

Property Taxes

$189

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 403 2nd Street Northeast

Summary
Location and General Information
  • City Name: Austin
  • County Or Parish: Mower
  • County: Mower-MN
  • 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.
  • Latitude: 43.6697977665
  • Longitude: -92.9857608479
  • Map Coordinate: 999-A1
  • City and Location: Austin
  • City and Location Text: Austin(MN)
  • Postal Code: 55912
  • State Or Province: MN
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 341851030
  • Tax Annual Amount: $2,272.00
  • Tax Legal Description: DAVIDSON 34185 010 026
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2024
  • Tax With Assessments: 2272
School Information
  • High School District: 1825 - Austin
  • School District Number: 1825
  • School District Phone: 5074601900
Property
Lot Information
  • Above Grade Fin SQFT: 3833.0
  • Below Grade Fin SQFT: 0.0
  • SQFT Total: 3833.0
  • Lot Size Area: 0.123
  • Lot Size Dimensions: 53x101
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • SQFT Main Total: 1916
  • Above Grade SqFt Total: 3833
  • Below Grade SqFt Total: 0
Utilities
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Foundation Area: 1916.0
  • Fuel: Natural Gas
  • Roof: Asphalt
Interior Features
  • Basement Type: Partial
  • Bathrooms Total Count: 4
  • Bedrooms Total: 8
  • DP Resource: Yes
  • Garage Square Feet: 0
  • Heating: Forced Air
  • Levels: Two
  • Basement YN: Yes
Multi Family
Unit 1
  • Unit Bath Full: 1
  • Unit Rooms Total: 3
  • Unit SqFt: 600
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Units Total: 4
  • Unit Is Leased: Y
  • Unit Type Total Rent: 0

Property History for 403 2nd Street Northeast

DateEvent & SourcePriceAppreciation
Jan 2, 2026

Price Change

NorthStar #7004305

$310,000
Jan 2, 2026

Listed (Active)

NorthStar #7004305

Jan 2, 2026

Off Market

NorthStar #6736343

Jun 10, 2025

Price Change

NorthStar #6736343

$310,000
Jun 10, 2025

Listed (Active)

NorthStar #6736343

Apr 2, 2024

Off Market

NorthStar #6471386

Dec 26, 2023

Listed (Active)

NorthStar #6471386

$310,000
DateEvent & SourcePrice
01/02/2026

Price Change

NorthStar #7004305

$310,000
01/02/2026

Listed (Active)

NorthStar #7004305

01/02/2026

Off Market

NorthStar #6736343

06/10/2025

Price Change

NorthStar #6736343

$310,000
06/10/2025

Listed (Active)

NorthStar #6736343

04/02/2024

Off Market

NorthStar #6471386

12/26/2023

Listed (Active)

NorthStar #6471386

$310,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 403 2nd Street Northeast

This home is within Austin Public School District.
Rating
School
Type
Grades
Distance
Public - 1 to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Sumner Elementary School
Public1 to 4

I.J. Holton Intermediate School
Public5 to 6

Ellis Middle School
Public7 to 8

Austin Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

403 2nd Street Northeast is a multi-family home for sale in Austin, MN 55912. This property was listed for sale on January 2, 2026 by Coldwell Banker Realty, it's currently listed at $310,000. This listing's school district is Austin Public School District. Nearby schools include Sumner Elementary School, I.J. Holton Intermediate School and Ellis Middle School. 403 2nd Street Northeast is a 8-bed, 4-bath, 3,833 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty

Based on information submitted to the MLS GRID as of 01/06/2026 08:54 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.