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MLS# 6736343 - 403 2nd Street Austin, MN 55912

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.
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Mortgage & Tax Calculator [Estimated]
Purchase Price ($):
Down Payment ($):
Down Payment (%):
Est. Best Interest Rate (%):
Term of Loan (Years):
Monthly Payment:
$1,467 + $189(tax)
Est. Monthly Total: $1,656
*does not include insurance and all numbers are estimated.
Summary
Type: RES | Residential Income - Quadruplex
Price: $310,000 New 7 Days Ago
$81/sf
$2,583,333/acre
Transaction: For Sale
Status: Active
Contingencies: None
Agent Owned: No
Lender Owned: No
Square Footage: 3,833 sq ft
Lot Size: 0.12 acres
Year Built: 1900
Foundation: 1,916 sq ft
Stories: Two
New Construction: No
Listed at: Tue Jun 10 2025 5:00:00 AM
Listing Age: 8 days
School District: 492-Austin | 507-460-1900
County: Mower
Home Details
In Home Details
Sq Ft Above Ground: 3,833 sq ft
Basement: Partial
Construction Material: Metal Siding, Wood Siding
Exterior
Siding: Metal Siding, Wood Siding
Roof: Asphalt
Utilites
Water: City Water/Connected
Sewer: City Sewer/Connected
Heating: Forced Air, Natural Gas
Property Details
Lot Dimensions: 53x101
Agent Owned: No
Others
School Information
District Number: 492-Austin
District Phone: 507-460-1900
Financial Considerations
Tax Property ID: 341851030
Tax Amount: $2,272 for 2024
Listing Data
Listed Price: $310,000New 7 Days Ago
Days on market: 1 days
First Listed at: Tue Jun 10 2025 5:00:00 AM
Last Updated at: Wed Jun 11 2025 10:06:04 AM
Total Days on Market: 398 days
Contingencies: None
Assessments: No
Foreclosure: No
Lender Owned: No
Special Notes
Present Use: Yearly

Coldwell Banker Realty is the brokerage office representing the seller for this listing.
© Copyright 2025, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Heartland Real Estate | Melanie Mix is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Heartland Real Estate | Melanie Mix, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at Jun 17 2025 6:30PM.