403 2nd ST, Austin, MN 55912
403 2nd ST, Austin, MN 55912
403 2nd ST, Austin, MN 55912
403 2nd ST, Austin, MN 55912
403 2nd ST, Austin, MN 55912
403 2nd ST, Austin, MN 55912
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Mark Johnson

Mark Johnson

+1(612) 597-8073
$ 310,000
Est. payment | /mo

8 Beds

4 Baths

3,833 SqFt

Save
$ 310,000
Est. payment | /mo
Save

8 Beds

4 Baths

3,833 SqFt

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

Nearby Locations

Mark Johnson

"Thanks for reaching out to The Johnson Group!  We're here to guide you and provide all the real estate info you need along the way.  Your dream home might be just a click away, and we're delighted to be a part of your real estate adventure! "

+1(612) 597-8073

mrjohnson@cbburnet.com

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403 2nd ST