Savvy Avenue
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Street View
$310,000
Monthly Est:$1,543
1 Bed
4 Baths
3,833sqft
403 2nd Street NW, Austin, MN 55912
$310,000
$1,543/moEst:
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Apartment
Built in 1900
$-- HOA
0.12 acre lot
$81/sq.ft
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.
- Houzeo last checked: 8 hours ago
- Listing updated: October 19, 2026 at 2:25 pm
- Listing Provided by: Mike Wilen (612) 400-9000 | Coldwell Banker Realty - Lakes (612) 920-5605
- Source: Northstar MLS-MN | MLS#: 7160383
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1900
HOA Fees
-
Finished Area
3,833 sqft
Lot Size
0.12 acre lot
Basement Area
- sqft
MLS Name
Northstar MLS
MLS Number
7160383
Days on Market
8
Cumulative Days on Market
492
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: 1
Bathrooms: 4
Interior
Sewer
City Sewer/connected
Exterior Features
Metal, Wood
Heating
Forced Air
Construction
Year Built
Year Built: 1900
Home type
Apartment
Foundation Details
Other
Utilities & Energy
Parking Features
Gravel, Other
Water Source
City Water/connected
Basement
Partial
Other Features
Subdivision Name
Davidson
Price History
| Date | Event | Price |
|---|---|---|
10/19/2026 Source: | Listed for Sale | $310,000 -61.06% $81/sqft |
10/16/2026 Source: | Price Increased | $796,000 +156.77% $208/sqft |
06/02/2025 Source: | Listing Removed | $310,000 $81/sqft |
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Based on information submitted to the MLS GRID from the REGIONAL MULTIPLE LISTING SERVICE OF MINNESOTA, INC through Oct 23, 2026, 01:31PM. IDX information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Information deemed reliable but not guaranteed. The property data presented reflects information otherwise available from public records. The real estate broker participating in MLS and providing this information may not have represented the buyer or seller in some or all of the transactions. Listings courtesy of Northstar MLS as distributed by MLS GRID. © 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Advertising Broker: Moe Mossa (Savvy Avenue) (612) 490-1268 | Savvy Avenue, LLC
