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

Mark Johnson

+1(612) 597-8073
$ 796,000
Est. payment | /mo

5,357 Sqft Lot

Save
$ 796,000
Est. payment | /mo
Save

5,357 Sqft Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Davidson

MLS Listing ID 7004319

Year Built 1900

Annual Tax Amount $3,408

Tax Year 2025

Contingent None

Lot Size 5,357 Sqft

Lot Dimensions Irregular

Property Description

Rare opportunity to acquire a bundled multi family investment portfolio in Southern Minnesota offered as a single package with immediate scale and diversified unit mix, including a four unit property at 403 2nd Street NW in Austin, a two unit property at 509 4th Street in Albert Lea, a two unit property at 309 3rd Avenue in Austin, and a two unit property at 404 South Main Street in Austin, for a combined total of ten residential units across four properties, encompassing approximately 9,299 finished square feet, 26 total bedrooms, and combined annual property taxes of approximately $6,808, with all properties currently tenant occupied on month to month leases providing flexibility for repositioning, rent optimization, or long term hold strategies in stable Southern Minnesota rental markets.

Location

State MN

County Mower

Zoning Residential-Multi-Family

Interior

Heating Baseboard, Boiler

Inclusions Building, Other

Fireplace No

Exterior

Parking Features Other

Garage Spaces 1.0

Utilities Available Electric Common

Present Use Residential

Building

Foundation 9299

Sewer City Sewer/Connected

Water City Water/Connected

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 NW