403 2nd ST new 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
Lot Size 5,227 Sqft
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
Interior
Heating Forced Air
Exterior
Roof Type Asphalt
Building
Story Two
Foundation 1916
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Metal Siding,Wood Siding
New Construction false
Schools
School District Austin