403 2nd St NW Austin, MN 55912
Austin AreaEstimated payment $1,879/month
Highlights
- Forced Air Heating System
- Wood Siding
- 3-minute walk to Austin Park & Recreation
About This Home
Capitalize on Southern Minnesota’s growing healthcare and housing demand with this rare multi-unit investment opportunity in the heart of Austin. Centrally located and positioned for long-term appreciation, this property offers strong in-place cash flow, value-add potential, and flexibility in one of the region’s most stable rental markets. Unit 1: 1 Bed / 1 Bath / Bonus Room / $650 month. Unit 2: 1 Bed / 1 Bath / Bonus Room / $650 month. Unit 3: 1 Bed / 1 Bath / Bonus Room / $650 month. Unit 4: 1 Bed / 1 Bath / Bonus Room / $650 month. Unit 5: 2 Bed / 1 Bath / Bonus Room / $750 month. An insulated top-floor attic, considered Unit 6, is already prepared for finishing and presents excellent future upside with the potential for an additional unit or expanded living space, subject to city approval. Owner currently pays all utilities. Conveniently located just minutes from downtown Austin, major employers, parks, shopping, and healthcare facilities, this property benefits from a strong rental location with continued demand growth. Whether expanding an investment portfolio or entering the multifamily market, this Austin asset presents an attractive combination of current income, expansion potential, and long-term value.
Listing Agent
Coldwell Banker Realty - Lakes Brokerage Phone: 6124009000 Listed on: 01/02/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,272
Year Built
- Built in 1900
Home Design
- Quadruplex
- Wood Siding
- Metal Siding
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $3,448 | $207,900 | $12,200 | $195,700 |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/02/2026 01/02/26 | For Sale | $310,000 | -- | $81 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $217,500 | None Available | |
| Sheriffs Deed | $158,813 | None Available |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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: 7004305
APN: 34-185-1030
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Listings courtesy of NorthstarMLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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