403 2nd ST Active Save Request In-Person Tour Request Virtual Tour
Austin,MN 55912
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,833 sqft
Price per Sqft $80
Subdivision Davidson
MLS Listing ID 6736343
Year Built 1900
Annual Tax Amount $2,272
Tax Year 2024
Contingent None
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 53x101
Property Sub-Type Quadruplex
Property Description
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.
Location
State MN
County Mower
Rooms
Basement Partial
Interior
Heating Forced Air
Fireplace No
Exterior
Roof Type Asphalt
Building
Story Two
Foundation 1916
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Metal Siding,Wood Siding
New Construction false
Schools
School District Austin