13 days on rocket

403 2nd St NW, Austin, MN, 55912

$310,000

Home List Price

$3,681*

Closing Credit

0 Baths
3,833 SqFt
$81/SqFt
Multi
Schools Nearby

Location

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403 2nd St NW, Austin$310,000

Buyer Closing Credits

$3,681*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1900
HeatingForced Air
BasementYes
MLS #6523307
StatusActive

About 403 2nd St NW

Units 1 through 4 feature identical layouts with 1 bedroom, 1 bathroom, and 1 bonus room, each rented at $650 monthly. Unit 5 offers a 2-bedroom, 1-bathroom layout with 1 bonus room, currently vacant, rents at $750. There's potential for a 6th unit - a top-floor attic already insulated and ready for customization. The owner covers all utilities and has maintained stable rents for years, offering potential for rent adjustments under new ownership. Managed locally, this property presents a hassle-free investment opportunity. Centrally located in Austin, Minnesota, the property enjoys proximity to modern conveniences. Third level ripe for development—ideal for a personalized owner-occupied space, or additional income. Do not wait, this will not last long! Unlock the potential of Southern Minnesota's healthcare boom with this exclusive investment opportunity!

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 3,833 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty

Interior Features

Interior Information:

  • Basement: Yes

Utilities

Utilities Information:

  • Heating: Forced Air

School Info

Assigned Schools Information:

  • Austin Senior High School, Public District Grades 9-12
  • Ellis Middle School, Public District Grades 5-8
  • I.J. Holton Intermediate School, Public District Grades 5-6
  • Sumner Elementary School, Public District Grades 1-4

Other

Directions Information:

  • Directions: From I-35W S and I-35 S to US-218 S in Owatonna Township. Take the US-218 S exit from US-14 E, Follow US-218 S to 2nd St NW in Austin.

Price Information

Listing Price Info

Price Summary:

  • List Price: $310,000
  • Price Per SqFt: $81/SqFt

Tax Information:

  • Annual Amount: $2,272
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Austin, MN.

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Austin, MN

City

Med. Sold Price

$180K

Med. Price/SqFt

$118

Avg. Days On Market

55

# of Sold Homes

36

403 2nd St NW vs Austin

13 DAYS ON ROCKET

-42 Days

$310,000

+$130K More

$81/SqFt

-$37 Less

KEY TAKEAWAY

This property is $130K more than the Median Sold Price and $37/SqFt less than other homes in Austin, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6523307

Listing Office:

  • Office Name: Coldwell Banker Realty

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Last updated on: 5/6/2024, 12:52:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 23, 2008Home Sold
$217,500

Tax History

YEARPROP. TAXASSESSMENT
2021$2,272$141,700
2020$2,506$125,200
2017$2,592 -

History based on county public records data.

Payment Calculator

$1,615

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$996

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-6810789
2
/10

  • Sumner Elementary School

  • 805 8th Ave NW

  • 0.50 miles

  • Public District Grades 1-4

Middle School

school-card-donut-6810790
3
/10

  • Ellis Middle School

  • 1700 4th Ave SE

  • 1.36 miles

  • Public District Grades 5-8

school-card-donut-6810791
4
/10

  • I.J. Holton Intermediate School

  • 1800 4th Ave SE

  • 1.46 miles

  • Public District Grades 5-6

High School

school-card-donut-6810792
3
/10

  • Austin Senior High School

  • 301 3rd St NW

  • 0.11 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $14,701. Most Austin, MN residents have annual incomes less than $35k. Most families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Mower County›Austin›55912›403 2nd St NW

This home is located at 403 2nd St NW in Austin, MN and zip code 55912. This 3,833 square foot home was built in 1900. It has been listed on Rocket Homes since April 22, 2024 and is currently priced at $310,000.

Austin, MN housing market in April 2024 saw over 15 listings sold above listed price, more than 6 sold at listed price and over 15 sold below. The inventory of homes for sale in Austin, MN between March 2024 and April 2024 increased by 16.7%. In April 2024 median list price was $180,000 and the average listing age was 55 days.

From Rocket Homes Real Estate and based on county public records data.

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