$4,156 Closing Credit¹
#6714558, Listing Office: Re/Max Results
$310,000 List price
403 2nd St NW Austin, MN 55912
$3,681
Closing credit¹
3,833 sqft
$81 / sqft
Multi-Family
Property details
About 403 2nd St NW
Units 1 through 4 feature identical layouts with 1 bedroom, 1 bathroom, and 1 bonus room, each rented at $650 monthly. Unit 5 offers a 2-bedroom, 1-bathroom layout with 1 bonus room, currently vacant, rents at $750. There's potential for a 6th unit - a top-floor attic already insulated and ready for customization. The owner covers all utilities and has maintained stable rents for years, offering potential for rent adjustments under new ownership. Managed locally, this property presents a hassle-free investment opportunity. Centrally located in Austin, Minnesota, the property enjoys proximity to modern conveniences. Third level ripe for development—ideal for a personalized owner-occupied space, or additional income. Do not wait, this will not last long! Unlock the potential of Southern Minnesota's healthcare boom with this exclusive investment opportunity!
Highlights
Home typeQuadruplex
HeatingForced Air
StatusActive
Size3,833 sqft
BasementYes
Year built1900
MLS #6629460
Summary
- Basement: Yes
- Heating: Forced Air
- List Price: $310,000
- Price/SqFt: $80
- Annual Tax Amount: $2,424
- Tax Year: 2024
- 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: 6629460
- MLS Name: NORTHSTAR
- Office Name: Coldwell Banker Realty
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Last updated on: 5/23/2025, 12:52:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$310,000
403 2nd St NW
$3,681
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 23, 2008 | Home Sold | $217,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $205,900 | $2,424 |
| 2023 | $162,200 | $2,472 |
| 2022 | $155,700 | $2,504 |
| 2021 | $141,700 | $2,272 |
| 2020 | $125,200 | $2,506 |
| 2017 | $- | $2,592 |
History based on county public records data.
Nearby schools
2
Sumner Elementary School
Public District 1-4
0.5 mi
•805 8th Ave NW
2
Banfield Elementary School
Public District 1-4
1.0 mi
•301 17th St SW
2
Neveln Elementary School
Public District 1-4
1.6 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 $14,701. Most Austin, MN residents have annual incomes less than $<35k. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
94%
<35k
4%
35k-100k
2%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
88%
Single, No Kids
3%
Single, with Kids
8%
Married, No Kids
1%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
6%
<11 yrs old
3%
12-17 yrs old
18%
18-34 yrs old
30%
35-64 yrs old
43%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Figure Skating
UFC
Where do the neighbors shop?
Chico's
Family Dollar
Stein Mart
Where do the neighbors go to eat?
Cracker Barrel
Bob Evans
Church's Chicken
What do the neighbors drive?
Buick
Oldsmobile
Cadillac
What do the neighbors listen to?
Soft Adult Contemporary
News
Jazz
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 NW
This home is located at 403 2nd St NW 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 November 11, 2024 and is currently priced at $310,000.
While more than 11 listings in Austin, MN in April 2025 were sold above asking price, there were more than 1 listings sold at asking price, and more than 3 were sold below. In April 2025 in Austin, MN there were 43.2% more homes for sale than in March. In April 2025, listings were on the market for 46 days. During the same period, the median list price in this real estate market was $180,000.
From Rocket Homes Real Estate and based on county public records data.