$4,156 Closing Credit¹
#6714558, Listing office: Re/Max Results
$310,000 List price
403 2nd St Austin, MN 55912
$3,681
Closing credit¹
3,833 sqft
$81 / sqft
Multi-Family
Property details
About 403 2nd St
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.
Highlights
Home typeQuadruplex
HeatingForced Air
StatusActive
Size3,833 sqft
BasementYes
Year built1900
MLS #6736343
Summary
- Basement: Yes
- Heating: Forced Air
- List Price: $310,000
- Price/SqFt: $80
- Directions: From I-35W S and I-35 S to US-218 S in Owatonna Township. Take the US-218 S exit from US-14 E, Follow US-218 S to 2nd St NW in Austin.
- Year Built: 1900
- Living Area: 3,833 SqFt
- MLS Number: 6736343
- MLS Name: NORTHSTAR
- Office Name: Coldwell Banker Realty
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$310,000
403 2nd St
$3,681
closing credit¹
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0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
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Nearby schools
2
Sumner Elementary School
Public District 1-4
0.9 mi
•805 8th Ave NW
2
Banfield Elementary School
Public District 1-4
1.2 mi
•301 17th St SW
2
Neveln Elementary School
Public District 1-4
1.4 mi
•1918 E Oakland Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $30,521. The majority of Austin, MN residents have income less than $<35k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
59%
<35k
34%
35k-100k
7%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
47%
Single, No Kids
23%
Single, with Kids
10%
Married, No Kids
20%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
28%
<11 yrs old
7%
12-17 yrs old
29%
18-34 yrs old
29%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
NBA/WNBA
Pro Wrestling
Where do the neighbors shop?
Burlington
Express/Express For Men
Family Dollar
Where do the neighbors go to eat?
Popeyes
Starbucks
Cicis Pizza
What do the neighbors drive?
Dodge
Pontiac
Buick
What do the neighbors listen to?
Urban Contemporary
Jazz
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Austin, MN
Austin's transport infrastructure supports both private and public transit options, with local bus services providing connectivity within the city. The community's layout emphasizes walkability in certain areas, particularly around downtown and residential neighborhoods, making it easy for residents to access services and amenities on foot. The city is also served by a network of roads and highways that facilitate travel to nearby cities and attractions, with ongoing efforts to improve transport efficiency and accessibility for all residents.
The community benefits from a solid educational system, with a number of public and private schools that cater to various educational needs, from elementary to high school levels. Austin is home to quality healthcare facilities, including a regional medical center that offers a range of services from emergency care to specialized treatments. The city also boasts a public library system that serves as a hub for learning and community engagement. Retail and dining options reflect the local culture, with a blend of national chains and unique local establishments that provide a taste of Austin's diversity.
Austin is celebrated for its vibrant community spirit and rich cultural heritage. The town prides itself on its annual events, such as the Freedom Fest and the Mower County Fair, which bring residents together in celebration of local traditions and community achievements. The area's character is further defined by its scenic parks and commitment to maintaining a family-friendly atmosphere.
Austin's housing market showcases a diverse array of options, with single-family homes being a significant presence. Architectural styles vary, offering a mix of traditional, ranch, and contemporary designs that cater to a range of aesthetic preferences. The market is balanced with a mix of older homes that exude historic charm and newer constructions that provide modern amenities. The homeownership rate in Austin is robust, reflecting a community invested in long-term residency and stability.
About 403 2nd St
The listing price of 403 2nd St property is $310,000.
The property 403 2nd St is a multi located in Austin, Minnesota, 55912.
Active Listing: 403 2nd St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 403 2nd St are: Sumner Elementary School (GreatSchools Rating 2/10), Banfield Elementary School (GreatSchools Rating 2/10), Neveln Elementary School (GreatSchools Rating 2/10), Ellis Middle School (GreatSchools Rating 3/10), I.J. Holton Intermediate School (GreatSchools Rating 3/10), Southland Middle School (GreatSchools Rating 5/10), Austin Senior High School (GreatSchools Rating 4/10), Austin Area Learning Center (GreatSchools Rating 1/10), Smec Area Learning Center (GreatSchools Rating 2/10).
The property 403 2nd St is 3,833 SqFt (source: MLS/tax record).
The year of construction for 403 2nd St is 1900.
This home is located at 403 2nd St in Austin, MN and zip code 55912. This 3,833 square foot home was built in 1900. Features: 0 bathroom. It has been listed on Rocket Homes since June 10, 2025 and is currently priced at $310,000.
While more than 17 listings in Austin, MN in May 2025 were sold above asking price, there were more than 8 listings sold at asking price, and more than 13 were sold below. The number of listings in Austin, MN increased by 29.6% between April and May 2025. The median list price of listings available in May 2025 was $180,975, while the average time on the real estate market was 31 days.
From Rocket Homes Real Estate and based on county public records data.