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403 2nd Street NW Austin, MN $ 310,000
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$ 310,000 Get more info
403 2nd Street NW
$ 310,000
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403 2nd Street NW

Austin, MN, 55912
$ 310,000
Bedrooms1 Baths1.0 Sq 3,833

Monthly Estimate*

$ 2,165

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Multi-Family Home for sale in Austin, MN

for $310,000 with 1 bedroom and 1 full bath. This 3,833 square foot home was built in 1900 on a lot size of 0.12.

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!

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Multi-Family Active

Price

$ 310,000

Bedrooms

1

Full Bath

1

Property Type

Multi-Family

Taxes

$ 2,272

Style

Quadruplex

Lot Size

0.12

Year Built

1900

Town/City

Austin

County/Region

Mower

MLS | Web ID

6523307
Features
General
Sewer City Sewer/Connected
Heating Forced Air
Garage Spaces 0
Construction Materials Metal Siding Wood Siding
Year Built 1900
Levels Two
Property SubType Quadruplex
Tax Year 2022
Gross Income 0
Accessibility None
County Mower
Operating Expense 0
Insurance Expense 0
New Construction N
Property Type Residential Income
Contingency None
Subdivision Name Davidson
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.
City Austin
Buyer Agent Compensation 2.70
High School District Austin
Total Units 4
Carport Spaces 0
Street Name 2nd
Land Lease Y/N N
Tax Annual Amount 2272
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Days on Market 1
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Interior
Basement Partial
Basement (Y/N) Y
Above Grade Finished Area 3833
Street Suffix Street
Below Grade Finished Area 0
Fuel Natural Gas
Garage Square Feet 0
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Exterior
Water Source City Water/Connected
Lot Size Area 0.12
Lot Dimensions 53x101
Lot Size Units Acres
Foundation Area 1916
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Internal Only
Street Number 1 403
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* Excluded Features
List By
Coldwell Banker Realty

Broker

mike@mikewilen.com

Email

Affordability Calculator

$2,355
Per Month
92%
8%
0%
Monthly Principal & Interest
$2,165
Monthly Property Taxes
$189
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2005183 Elementary School
2005182 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/22/2024$310,000 Listed Price

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403 2nd Street NW, Austin, MN, 55912 is a Multi-Family Home for sale at $310,000 with 3,833 sqft and a lot size of 0.12. 403 2nd Street NW has 1 bedrooms, 1.0 baths, and was built in 1900. The property's zip code is 55912 which is in Austin, MN

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