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
--beds
--baths
3,833sqft
Est.:
Quadruplex
Built in 1900
-- sqft lot
$301,600 Zestimate®
$81/sqft
$-- HOA
What's special
Identical layoutsVersatile bonus room
- 16 days
- on Zillow |
- 125 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: June 11, 2025 at 03:06am
Listed by:
Mike Wilen Real Estate 612-400-9000,
Coldwell Banker Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6736343

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Facts & features
Interior
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
- Tenant pays: None
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