403 2nd St NW Austin, MN 55912
Estimated payment $1,887/month
About This Home
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.
Listing Agent
Mike Wilen ™
Coldwell Banker Realty Brokerage Phone: 612-400-9000 Listed on: 06/10/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,272
Year Built
- Built in 1900
Home Design
- Quadruplex
Interior Spaces
- 3,833 Sq Ft Home
- 2-Story Property
- Partial Basement
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Additional Features
- Lot Dimensions are 53x101
- Forced Air Heating System
Community Details
- 4 Units
- Davidson Subdivision
Listing and Financial Details
- Assessor Parcel Number 341851030
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,408 | $205,900 | $12,200 | $193,700 |
| 2023 | $2,472 | $162,200 | $12,200 | $150,000 |
| 2022 | $2,504 | $155,700 | $12,200 | $143,500 |
| 2021 | $2,272 | $141,700 | $12,200 | $129,500 |
| 2020 | $2,506 | $125,200 | $12,200 | $113,000 |
| 2018 | $997 | $125,200 | $12,200 | $113,000 |
| 2017 | $1,994 | $0 | $0 | $0 |
| 2016 | $1,946 | $0 | $0 | $0 |
| 2015 | $1,910 | $0 | $0 | $0 |
| 2012 | $1,910 | $0 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/10/2025 06/10/25 | For Sale | $310,000 | -- | $81 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $217,500 | None Available | |
| Sheriffs Deed | $158,813 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $5,000,000 | New Conventional | |
| Previous Owner | $142,500 | Future Advance Clause Open End Mortgage |
Source: NorthstarMLS
MLS Number: 6736343
APN: 34-185-1030
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