403 2nd St NE

Austin, MN 55912

$310,000
Price
—
Beds
—
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 Real Estate

Property Details for 403 2nd Street Northeast

Subdivision Name
Davidson
LISTING UPDATED: 07/01/2025 11:13 PM

Property Details for 403 2nd Street Northeast

StatusActive
MLS #6736343
Days on Compass201
Taxes$2,272 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1900
Lot Size0.12 AC / 5,227 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 / 5,227 SF

Payment Calculator

$1,721 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,532

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: 43.669219
  • Longitude: -92.977446
  • Map Coordinate: 999-A1
  • Map Coordinate Source: King's Street Atlas
  • 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: 2272.0000
School Information
  • High School District: 492 - Austin
  • School District Number: 492
  • School District Phone: 507-460-1900
Property
Lot Information
  • Above Grade Fin SQFT: 3833.0
  • Below Grade Fin SQFT: 0.0
  • SQFT Total: 3833.0
  • Lot Size Area: 0.12
  • Lot Size Dimensions: 53x101
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • SQFT Main Total: 1916.0000
  • Building Area Total: 3833.0
  • Above Grade SqFt Total: 3833.0000
  • Below Grade SqFt Total: 0.0000
Property and Assessments
  • Age Of Property: 125
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
  • DP Resource: Y
  • Garage Square Feet: 0
  • Heating: Forced Air
  • Levels: Two
  • Basement YN: Yes
Multi Family
Unit 1
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Monthly Expenses: 0.00
  • Unit Rooms Total: 3
  • Unit SqFt: 600
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Units Total: 4
  • Unit Type Total Rent: 0

Property History for 403 2nd Street Northeast

DateEvent & SourcePriceAppreciation
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
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
Sumner Elementary School
Public - 1 to 4
I.J. Holton Intermediate School
Public - 5 to 6
Ellis Middle School
Public - 7 to 8
Austin Senior High School
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.

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More information about 403 2nd Street Northeast, Austin, MN 55912

403 2nd Street Northeast is a multi-family home for sale in Austin, MN 55912. This property was listed for sale on June 10, 2025 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 0-bed, 0-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

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/29/2025 06:58 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.