$796,000

403 2nd, Austin MN, 55912

Built in1900

Property typeCommercial

Courtesy of Coldwell Banker Realty - Lakes, Mike Wilen Listing Contact:

Overview

Active

Listed Jan 2, 2026

Updated 8h ago

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.

Other Property Details

Taxes: $3,408
Tax Frequency: Annually
Garage: Yes

Listings courtesy of Northstar MLS as distributed by MLS GRID

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