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.
Active
$310,000
403 2nd St SE, Austin, MN 55912
8beds
4baths
3,833sqft
Est.:
Quadruplex
Built in 1900
-- sqft lot
$-- Zestimate®
$81/sqft
$-- HOA
What's special
Identical layoutsVersatile bonus room
- 183 days |
- 139 |
- 2 |
Zillow last checked: 8 hours ago
Listing updated: July 01, 2025 at 09:13pm
Listed by:
Mike Wilen 612-400-9000,
Coldwell Banker Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6736343
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air
Features
- Basement: Partial
Interior area
- Total structure area: 3,833
- Total interior livable area: 3,833 sqft
- Finished area above ground: 3,833
- Finished area below ground: 0
Property
Accessibility
- Accessibility features: None
Features
- Levels: Two
Lot
- Size: 5,227.2 Square Feet
- Dimensions: 53 x 101
Details
- Foundation area: 1916
- Parcel number: 341851030
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Metal Siding, Wood Siding
- Roof: Asphalt
Condition
- Age of Property: 125
- New construction: No
- Year built: 1900
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Davidson
Location
- Region: Austin
Financial & listing details
- Price per square foot: $81/sqft
- Tax assessed value: $77,000
- Annual tax amount: $2,272
- Date on market: 6/10/2025
- Cumulative days on market: 427 days
- Tenant pays: None
Estimated market value
Not available
Estimated sales range
Not available
$1,734/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 6/10/2025 | Listed for sale | $310,000+453.6%$81/sqft |
Source: | ||
| 5/21/1999 | Sold | $56,000$15/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $746 -3.1% | $77,000 +13.4% |
| 2023 | $770 -0.3% | $67,900 |
| 2022 | $772 +22.2% | -- |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,906/mo
Principal & interest
$1523
Property taxes
$274
Home insurance
$109
Climate risks
Neighborhood: 55912
Nearby schools
GreatSchools rating
- 3/10Sumner Elementary SchoolGrades: PK,1-4Distance: 0.5 mi
- 4/10Ellis Middle SchoolGrades: 7-8Distance: 1.4 mi
- 4/10Austin Senior High SchoolGrades: 9-12Distance: 0.2 mi
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