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Active
  • $310,000

    403 2nd St SE, Austin, MN 55912

    8beds
    4baths
    3,833sqft
    : 
    Quadruplex
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $81/sqft
    $-- HOA

    What's special

    Insulated top-floor attic
    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.
    98 days
    |
    226
    |
    11
    |

    Zillow last checked: 7 hours ago

    Listing updated: January 06, 2026 at 06:54am

    Listed by:

    Mike Wilen 612-400-9000,

    Coldwell Banker Realty - Lakes

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7004305MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 4
      Heating
      • Forced Air
      Features
      • Basement: Partial
      Interior area
      • Total structure area: 3,833
      • Total interior livable area: 3,833 sqft
      • Finished area above ground: 3,833
      • Finished area below ground: 0

      Property

      Accessibility
      • Accessibility features: None
      Features
      • Levels: Two
      Lot
      • Size: 5,357.88 Square Feet
      • Dimensions: 53 x 101
      Details
      • Foundation area: 1916
      • Parcel number: 341851030

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Quadruplex
      Materials
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 1900

      Utilities & green energy

      • Gas: Natural Gas
      • Sewer: City Sewer/Connected
      • Water: City Water/Connected

      Community & HOA

      Community
      • Subdivision: Davidson
      Location
      • Region: Austin

      Financial & listing details

      • Price per square foot: $81/sqft
      • Tax assessed value: $77,000
      • Annual tax amount: $2,272
      • Date on market: 1/2/2026
      • Cumulative days on market: 419 days
      • Tenant pays: None
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,889/mo

        Price history

        Price history
        DateEventPrice
        1/2/2026Listed for sale$310,000$81/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7004305 Report a problem
        1/2/2026Listing removed$310,000$81/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6736343 Report a problem
        6/10/2025Listed for sale$310,000+453.6%$81/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6736343 Report a problem
        5/21/1999Sold$56,000$15/sqft
        Source: Agent Provided Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2024$746 -3.1%$77,000 +13.4%
        2023$770 -0.3%$67,900
        2022$772 +22.2%--
        2021$632 -10%--
        2020$702 -5.9%--
        2019$746 +20.7%--
        2018$618 -1.3%--
        2017$626 +1.3%--
        2016$618 +4.4%--
        2015$592 --
        2012$592 --

        Find assessor info on the county website

        Monthly payment

        Est. payment
        $1,794/mo
        Principal & interest
        $1520
        Property taxes
        $274
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          Climate risks

          Neighborhood: 55912

          Getting around

          71 / 100
          Very Walkable
          60 / 100
          Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 55912

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