For Sale: Red Wing MLS# 6718428
Active
$470,000
Multi-family: Four Plex
Built 1890
2,764 sqft • 0.24 acres
Red Wing schools
MLS# 6718428
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Property Description
Turnkey 4-Plex in Prime Location – Historic Charm with Modern Updates. Step into rental property ownership with this updated 4-plex. One unit is currently used as a successful short-term rental; the others bring in solid income. Features include off-street parking, strong curb appeal, and a spot in one of the city’s most sought-after areas. Next door to a favorite neighborhood grocery store and just a short walk to downtown, this historic property offers classic charm with smart updates.
The current owner already handled the big projects—now it's ready for you to take over.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$470,000
Price per sq ft:
$170
Property Type:
Multi-family
City:
Red Wing
Garage Spaces:
0
County:
Goodhue
Year Built:
1890
State:
MN
Property Style:
Four Plex
Zip Code:
55066
Subdivision Name:
E&R B 11 W Ext Swen
Interior
Finished Area:
2,764 ft2
Living Area:
2,764 ft2
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Basement Details:
- Partial
- Walkout
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,382 ft2
Fencing:
None
Handicap Accessible:
None
Heating System:
- Ductless Mini-Split
- Forced Air
Road Frontage:
- Paved Streets
- Sidewalks
Exterior Material:
Wood Siding
Roof Details:
- Age Over 8 Years
- Asphalt
Lot & Land
Acres:
0.24
Geolocation:
44.560081, -92.552247
Lot Dimensions:
90 x 121
Zoning:
Residential-Multi-Family
Lot Description:
- Corner Lot
- Some Trees
Farm
Topography:
Level
Schools
School District:
256
District Phone:
651-385-4500
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$5,001
Annual Maintenance Expense:
None
Annual Gross Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$4,039
Tenant Expenses:
Cable TV, Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$3,834
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$3,834
Income
Annual Gross Income:
$51,747
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Edina Realty, Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.