Austin, MN 55912,403 2nd ST NW
Austin, MN 55912,403 2nd ST NW
Austin, MN 55912,403 2nd ST NW
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$796,000
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5,357 Sqft Lot
Active

403 2nd ST NW Austin, MN 55912

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Team Steady

Team Steady

+1(952) 607-7436

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Davidson

MLS Listing ID 7004319

Year Built 1900

Annual Tax Amount $3,408

Tax Year 2025

Contingent None

Lot Size 5,357 Sqft

Acres 0.123

Lot Dimensions Irregular

Property Description

Rare opportunity to acquire a bundled multi family investment portfolio in Southern Minnesota offered as a single package with immediate scale and diversified unit mix, including a four unit property at 403 2nd Street NW in Austin, a two unit property at 509 4th Street in Albert Lea, a two unit property at 309 3rd Avenue in Austin, and a two unit property at 404 South Main Street in Austin, for a combined total of ten residential units across four properties, encompassing approximately 9,299 finished square feet, 26 total bedrooms, and combined annual property taxes of approximately $6,808, with all properties currently tenant occupied on month to month leases providing flexibility for repositioning, rent optimization, or long term hold strategies in stable Southern Minnesota rental markets.

Location

State MN

County Mower

Zoning Residential-Multi-Family

Interior

Heating Baseboard, Boiler

Inclusions Building, Other

Fireplace No

Exterior

Parking Features Other

Garage Spaces 1.0

Utilities Available Electric Common

Present Use Residential

Building

Foundation 9299

Sewer City Sewer/Connected

Water City Water/Connected

New Construction false

Schools

School District Austin

Listed by Mike Wilen • Coldwell Banker Realty

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 9
  • 6

    Banfield Elementary School

    Public | 1 - 4

  • 5

    Southgate Elementary School

    Public | 1 - 4

  • 4

    I.J. Holton Intermediate School

    Public | 5 - 6

  • 3

    Neveln Elementary School

    Public | 1 - 4

  • 2

    Sumner Elementary School

    Public | 1 - 4

  • 0

    Pacelli Catholic Schools

    Private | PK - 12

  • 0

    Horizon Program

    Public | KG - 12

  • 0

    Woodson Kindergarten Center

    Public | KG - KG

  • 0

    Austin Community Learning Center

    Public | PK - 12

Middle Schools 3
  • 3

    Ellis Middle School

    Public | 7 - 8

  • 0

    Pacelli High School

    Private | 6 - 12

  • 0

    Austin Area Learning Center

    Public | 6 - 12

High Schools 2
  • 2

    Austin Senior High School

    Public | 9 - 12

  • 0

    Austin Area Learning Center - Summer

    Public | 9 - 12

School and business data provided by Attom Data.

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Team Steady

Team Steady

+1(952) 607-7436

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403 2nd ST NW

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