403 2nd ST NW, Austin, MN 55912
403 2nd ST NW, Austin, MN 55912
403 2nd ST NW, Austin, MN 55912
403 2nd ST NW, Austin, MN 55912
403 2nd ST NW, Austin, MN 55912
403 2nd ST NW, Austin, MN 55912
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Loryn Ferdelman

Loryn Ferdelman

+1(612) 590-7914
$ 310,000
Est. payment | /mo

1 Bed

4 Baths

3,833 SqFt

Save
$ 310,000
Est. payment | /mo
Save

1 Bed

4 Baths

3,833 SqFt

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 3,833 sqft

Price per Sqft $80

Subdivision Davidson

MLS Listing ID 7160383

Bedrooms 1

Year Built 1900

Annual Tax Amount $2,272

Tax Year 2026

Contingent None

Lot Size 5,357 Sqft

Lot Dimensions 53x101

Property Sub-Type Apartment

Property Description

A compelling investment opportunity in the heart of Austin, this multifamily property offers four conforming units, one nonconforming unit, and additional upside for an investor with a vision. The property features four one-bedroom units, each with a bonus room, along with a fifth unit offering two bedrooms and a bonus room. Four units are currently rented at $650 per month, while the fifth unit is vacant, presenting an opportunity to secure a new tenant or explore alternative uses. The unfinished third level offers further potential for expansion, subject to applicable approvals, with possibilities for additional living space or future rental units. Rich in character and offering a flexible layout, the property presents an opportunity to reposition an established income-producing asset, evaluate rental rates, and pursue improvements over time. Centrally located in Austin, with convenient access to local businesses, services, and community amenities, this multifamily property offers investors an opportunity to build on existing income while exploring its longer-term potential.

Location

State MN

County Mower

Zoning Residential-Multi-Family

Rooms

Basement Partial

Interior

Heating Forced Air

Fireplace No

Exterior

Parking Features Gravel, Other

Building

Story Two

Foundation 1916

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District Austin

Listed by Mike Wilen • Coldwell Banker Realty - Lakes

Nearby Locations

Loryn Ferdelman

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(612) 590-7914

loryn@thepropertygeeks.com

20908 Holyoke Ave, Lakeville, Minnesota 55044, USA

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403 2nd ST NW