403 2nd Street, Austin, MN 55912
Davidson · Mower County
Key Facts
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.
Property Information
Property Type
Residential Income
Sub-Type
Quadruplex
Style
(MF) Four Plex
Year Built
1900
Stories
2
Living Area
3,833 sq ft
Lot Size
0.12 acres
Lot Dimensions
53x101
Days on Market
125
MLS® Listing#
7004305
Property Features
Heating
Basement
Roof
Sewer
Water Source
Financial Details
Annual Taxes
$2,272
Parcel Number
341851030
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.
Affordability Calculator
$62,000
Estimated monthly payment
$1,650/mo
Principal $248,000 · Est. interest $345,982 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Austin, MN
- $283,333
- Median Listing Price
- 86
- Median Days on Market
- 1,910
- Median Sq Ft
- $134
- Median Price / Sq Ft
- 177
- Active Listings
- This home’s price is 9% above the area median.
- Its price per sq ft is 40% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Austin, MN.
Location
- 403 2nd Street, Austin, MN 55912
Points of Interest in Austin, MN
Showing the Austin area map.
Nearby Schools
Austin High School
Secondary · 0.3 mi away
Austin Area Learning Center
School · 0.3 mi away
Austin Public Schools
Secondary · 0.4 mi away
Austin Community Learning Center
School · 0.7 mi away
Austin Public Schools
School · 0.7 mi away
Sumner Elementary School
Elementary · 0.8 mi away
Banfield Elementary School
Elementary · 1.0 mi away
Ellis Middle School
Secondary · 1.3 mi away
Southgate Elementary School
Elementary · 1.4 mi away
Ij Holton Intermediate School
Secondary · 1.4 mi away
Neveln Elementary School
Elementary · 1.6 mi away
New Dominion Academy
School · 2.4 mi away
Maranatha Bible School
Elementary · 5.6 mi away
Oakland Baptist Church
School · 5.7 mi away
Southland Elementary School
Elementary · 8.4 mi away
Lyle Public School
Elementary · 10.8 mi away
Hollandale Christian School
School · 13.1 mi away
Sacred Heart Church
School · 14.5 mi away
Southland Senior High School
Secondary · 14.6 mi away
Early Childhood
School · 14.6 mi away
Commute Calculator
Nearby Homes
Moving Cost Estimate
EXIT Agents in Austin
Listing Courtesy: Coldwell Banker Realty - Lakes - 6129205605
Presented by: Mike W Wilen