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$796,000

  • For Sale
  • Active
  • Commercial
  • 0.123 Acres
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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.

Full Property Details for 403 2nd St NW

General

  • Price: $796,000
  • Taxes: $3,408 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7004319
  • Updated: 1/2/2026
  • Added to Site: 55 day(s) ago

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Parking Features: Other

Location

  • County: Mower
  • Township: Austin
  • Subdivision: Davidson
  • Driving Directions: Multiple Properties. See Remarks.

School Information

  • School District: 1825 - Austin
  • High School District: Austin

Heating & Cooling

  • Heating Type: Baseboard, Boiler
  • Heating Fuel: Electric, Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Common

Structural Information

  • Foundation Size: 9299
  • Disability Access: Other
  • Current Bldg. Use: Residential
  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.123
  • Lot Dimensions: Irregular
  • Zoning: Residential-Multi-Family

Financial Considerations

  • Tax Amount: $3,408
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: DAVIDSON 34185 010 026
  • Inclusions: Building, Other
  • Property ID: 1
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 403 2nd St NW —

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

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NMLS#: 1598647

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with our affiliated in-house agency

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 403 2nd St NW

School District:Austin Public School District
NameGradesDistance
Sumner Elementary School
805 8th Avenue Northwest, Austin, MN 55912
1-40.4 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
5-81.4 mi
Austin Senior High School
301 3rd Street Northwest, Austin, MN 55912
9-120.2 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 NW Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/02/2026
Listed
$796,000
265.98%
MLS
12/23/2008
Sold
$217,500
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 403 2nd St NW

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,408
38%
$207,900
28%
2022
$2,472
-1%
$162,200
14%
2021
$2,504
1%
$141,700
-9%
2023
$2,472
9%
$155,700
24%
2021
$2,272
-9%
$125,200
—
2020
$2,506
-3%
$125,200
100%
2019
$2,592
24%
100%
2018
$2,084
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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403 2nd Street NW, Austin, MN 55912 (MLS# 7004319) is a Commercial property. 403 2nd Street NW is currently listed for $796,000 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 NW? Do you have questions about finding other Commercial real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.

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