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.
Active
$310,000
403 2nd St SE, Austin, MN 55912
8beds
4baths
3,833sqft
Est.:
Quadruplex
Built in 1900
-- sqft lot
$-- Zestimate®
$81/sqft
$-- HOA
What's special
Insulated top-floor attic
- 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#: 7004305
Tour with a local agent
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
Estimated market value
Not available
Estimated sales range
Not available
$1,889/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/2/2026 | Listed for sale | $310,000$81/sqft |
Source: | ||
| 1/2/2026 | Listing removed | $310,000$81/sqft |
Source: | ||
| 6/10/2025 | Listed for sale | $310,000+453.6%$81/sqft |
Source: | ||
| 5/21/1999 | Sold | $56,000$15/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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
More affordability tools
Climate risks
Neighborhood: 55912
Nearby schools
GreatSchools rating
- 3/10Sumner Elementary SchoolGrades: PK,1-4Distance: 0.3 mi
- 4/10Ellis Middle SchoolGrades: 7-8Distance: 1.8 mi
- 4/10Austin Senior High SchoolGrades: 9-12Distance: 0.4 mi
Local experts in 55912
- Minnesota
- Mower County
- Austin
- 55912
- 403 2nd St SE





