403 2nd Street NW, Austin, MN 55912 (MLS# 7004319)

403 2nd Street NW, Austin, MN 55912

$796,000
Property Type: Commercial Lot Size (sq. ft.): 5,227 Status: Active
Current Price: $796,000 List Date: 1/02/2026 Last Modified: 6/26/2026

Overview

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.

Listing Details MLS# 7004319

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
5
Waterfront YN
No
Year Built
1900
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
9299
Garage Stalls
Yes
For Sale or Lease
For Sale
Acres
0.12
Lot Dimensions
Irregular
Assessment Pending
Unknown

Property Features

Accessible: Other CMU Style: Apartments/Multi Family; Duplex Other; Duplex Side by Side; Duplex Up and Down Construction Status: Previously Owned Current Use: Residential Exterior: Other Foundation: Other Fuel: Electric; Natural Gas Heating: Baseboard; Boiler On Site Utilities: Electric Common Parking Characteristics: Other Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
796000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
403
Street Name
2nd
Street Suffix
Street
Street Direction Suffix
NW
Postal City
Austin
County
Mower
State
MN
Zip Code
55912
Complex/Dev/Subdivision
Davidson

Assessments

Tax With Assessments
3408

Building Information

Building Finished SqFt
9299

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Building, Other

Unit Details

Total Units
10
IDX
Listing Office: Coldwell Banker Realty - Lakes
Last Updated: June - 26 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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