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403 2nd Street Nw, 
Austin, MN 55912

$310,000


Bed


Bath


3,833

Sq Ft


Multi-Family

Active

Listed by

Mike Wilen

612-920-5605

Last updated:

June 8, 2025, 11:55 AM

MLS#

6629460

Source:

NSMLS

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About This Home

403 2nd Street Nw

Units 1 through 4 feature identical layouts with 1 bedroom, 1 bathroom, and 1 bonus room, each rented at $650 monthly. Unit 5 offers a 2-bedroom, 1-bathroom layout with 1 bonus room, currently vacant, rents at $750. There's potential for a 6th unit - a top-floor attic already insulated and ready for customization. The owner covers all utilities and has maintained stable rents for years, offering potential for rent adjustments under new ownership. Managed locally, this property presents a hassle-free investment opportunity. Centrally located in Austin, Minnesota, the property enjoys proximity to modern conveniences. Third level ripe for development—ideal for a personalized owner-occupied space, or additional income. Do not wait, this will not last long! Unlock the potential of Southern Minnesota's healthcare boom with this exclusive investment opportunity!

Home Facts

Multi-Family

Built in 1900

Price Summary

310,000

$80 per Sq. Ft.

MLS #:

6629460

Last Updated:

June 8, 2025, 11:55 AM

Added:

7 month(s) ago


Rooms & Interior

Interior

Living Area:

3,833 Sq. Ft.


Structure

Structure

Building Area:

3,833 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

5,227


Finances & Disclosures

Finances

Price:

$310,000

Price per Sq. Ft:

$80 per Sq. Ft.

403 2nd Street Nw
Source:NSMLS
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is 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.

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