Tenant-Occupied Multifamily
For Sale
$310,000
403 2nd St, Austin, MN 55912
Four tenant-occupied residential properties totaling 10 units with month-to-month leases and a diversified unit mix.
Property Size3,833 SF
Price / SF$80.88
Days on Market116
Property Features for 403 2nd St
General Information
Standard status
Active
Size
3,833 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Listing Agency:
Coldwell Banker Realty - Lakes
Listed By:
Mike Wilen
(612) 400-9000
Source:
Chrisfritchteam
Added: Jul 2
Changed: Oct 9
Last Checked: Oct 24 at 7:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty - Lakes
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Investment Insights
Based on property information with market context.
This bundled multifamily investment portfolio is offered as a single package and includes four residential properties: 403 2nd Street NW (four unit), 509 4th Street (two unit), 309 3rd Avenue (two unit), and 404 South Main Street (two unit). In total, the portfolio provides 10 residential units with approximately 9,299 finished square feet and 26 total bedrooms.
All properties are currently tenant occupied on month-to-month leases, providing flexibility for repositioning, rent optimization, or long-term hold strategies. The package is located in Southern Minnesota rental markets, and the combined annual property taxes are approximately $6,808.
The unit mix includes one four-unit property and three two-unit properties, supporting diversified occupancy across the portfolio while maintaining an overall scale of 10 units within the same ownership structure.
All properties are currently tenant occupied on month-to-month leases, providing flexibility for repositioning, rent optimization, or long-term hold strategies. The package is located in Southern Minnesota rental markets, and the combined annual property taxes are approximately $6,808.
The unit mix includes one four-unit property and three two-unit properties, supporting diversified occupancy across the portfolio while maintaining an overall scale of 10 units within the same ownership structure.
Key Highlights
- Bundled multifamily portfolio of 4 tenant‑occupied properties offered as a single package.
- Total of 10 residential units with a diversified unit mix and 26 total bedrooms.
- Approximately 9,299 finished SF across the 4 properties.
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,067
Businesses Nearby
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Business Placement
Demographics for 55912, MN
29,718
Population
12,443
Households
2.4
Avg Household Size
37
Median Age
24%
College-Educated
88%
High-School Grad
188.0 sq mi
ZIP Area
158
Density / Sq Mi
$68,205
Median Household Income
$43,937
Median Earnings
$864
Median Rent
$161,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Four tenant-occupied residential properties totaling 10 units with month-to-month leases and a diversified unit mix.
Where is this duplex located?
The property is located at 403 2nd St Austin, MN.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Bundled multifamily portfolio of 4 tenant‑occupied properties offered as a single package.; Total of 10 residential units with a diversified unit mix and 26 total bedrooms.; Approximately 9,299 finished SF across the 4 properties.
