Date
Details
Price
Change
Source
1/02/2026
Listed
$310,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/15
$310,000
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1/15
Property Description
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.
Full Property Details
Full Property Details for 403 2nd St
General
- Price: $310,000
- Taxes: $2,272 (2024)
- Status: Active
- Type: Multi-Family
- Source: NorthStarMLS_RMLS
- MLS ID: 7004305
- Updated: 1/3/2026
- Added to Site: 17 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Location
- County: Mower
- Township: Austin
- Subdivision: Davidson
- Driving 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.
School Information
- School District: 1825 - Austin
- High School District: Austin
Heating & Cooling
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
Structural Information
- Basement: Yes
- Basement Desc.: Partial
- Foundation Size: 1916
- Roof: Asphalt
- Disability Access: None
- Square Feet: 3,833
- Above Ground: 3,833 Sq. Ft.
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.123
- Lot Dimensions: 53 x 101
Financial Considerations
- Tax Amount: $2,272
- Tax Year: 2024
- Tenant Pays: None
Disclosures and Reports
- Legal Description: DAVIDSON 34185 010 026
- Property ID: 341851030
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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Schools
Schools serving 403 2nd St
School District:Austin Public School District
| Name | Grades | Distance |
|---|---|---|
Sumner Elementary School 805 8th Avenue Northwest, Austin, MN 55912 | 1-4 | 0.4 mi |
Woodson Kindergarten Center 1601 4th Street Southeast, Austin, MN 55912 | K- | 1.2 mi |
Ellis Middle School 1700 4th Avenue Southeast, Austin, MN 55912 | 5-8 | 1.4 mi |
Austin Senior High School 301 3rd Street Northwest, Austin, MN 55912 | 9-12 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 403 2nd St
Tax History
Tax History for 403 2nd St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$746
-3%
$78,900
16%
2022
$772
22%
$67,900
46%
2021
$632
-18%
$46,500
-28%
2023
$772
10%
$64,700
24%
2021
$702
-6%
$52,100
-4%
2020
$746
19%
$54,200
100%
2019
$626
1%
100%
2018
$618
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 403 2nd St
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- Single Family
- Closed
- 4Beds
- 3Total Baths
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Sold by RE/MAX Results
Sold by RE/MAX Results
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Listed by Real Broker, LLC.
Sold by RE/MAX Results
Sold by RE/MAX Results
403 2nd Street, Austin, MN 55912 (MLS# 7004305) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 403 2nd Street is currently listed for $310,000 and was received on January 02, 2026. This property is listed by Mike Wilen from our Minneapolis Lakes Office.Want to learn more about 403 2nd Street? Do you have questions about finding other Multi-Family real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.