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403 2nd Street, 
Austin, MN 55912

$310,000


8

Beds


4

Baths


3,833

Sq Ft


Multi-Family

Active

Listed by

Mike Wilen

612-920-5605

Last updated:

January 13, 2026, 01:03 PM

MLS#

7004305

Source:

NSMLS

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About This Home

403 2nd Street

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.

Home Facts

Multi-Family

4 Baths

8 Bedrooms

Built in 1900

Price Summary

310,000

$80 per Sq. Ft.

MLS #:

7004305

Last Updated:

January 13, 2026, 01:03 PM

Added:

19 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Total Bathrooms:

4

Interior

Living Area:

3,833 Sq. Ft.


Structure

Structure

Building Area:

3,833 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

5,357


Finances & Disclosures

Finances

Price:

$310,000

Price per Sq. Ft:

$80 per Sq. Ft.

403 2nd Street
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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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.