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  • $310,000

    403 2nd St SE, Austin, MN 55912

    8beds
    4baths
    3,833sqft
    : 
    Quadruplex
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $81/sqft
    $-- HOA

    What's special

    Identical layoutsVersatile bonus room
    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.
    183 days
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    139
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    2
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    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#: 6736343MLS Logo

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    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
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    Estimated market value

    Not available

    Estimated sales range

    Not available

    $1,734/mo

    Price history

    Price history
    DateEventPrice
    6/10/2025Listed for sale$310,000+453.6%$81/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6736343 Report a problem
    5/21/1999Sold$56,000$15/sqft
    Source: Agent Provided Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax 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
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