403 2nd St NE

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

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:...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.
  1. Listed by Coldwell Banker Realty - Lakes

Property Details for 403 2nd Street Northeast

Subdivision Name
Davidson
Waterfront YN
No
LISTING UPDATED: 05/27/2026 09:02 AM

Property Details for 403 2nd Street Northeast

StatusActive
MLS #7004305
Days on Compass16
Taxes$2,272 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1900
Lot Size0.12 AC / 5,357 SF
CountyMower County

Location

Listing Courtesy of Coldwell Banker Realty - Lakes
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Building Information for 403 2nd Street Northeast

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

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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: 492 - Austin
  • School District Number: 492
  • 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: Fourplex
  • Property Type: Residential Income
  • SQFT Main Total: 1916
  • Building Area Total: 3833.0
  • 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
  • Exterior Features: Metal, Wood
  • Foundation Area: 1916.0
  • Foundation Details: Other
  • 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

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

For completeness, we 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 - PK to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Sumner Elementary School
PublicPK 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

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 - Lakes, 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 any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty - Lakes

Based on information submitted to the MLS GRID as of 05/27/2026 09:02 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.