Property Listing
Description
This triplex is a great investment opportunity! Unit 1 is located on the main level and it is used as a fully furnished Short Term Rental. This unit is warm and inviting and offers a bright living room, large kitchen with a walk-out bay window, and one spacious bedroom with an ensuite full bath that has a beautiful tile surround. Unit 2 is a Long Term Rental located on the main level and it features a large living room, 2 bedrooms, office, eat-in kitchen, full bath and an in unit washer and dryer. Unit 3 is located on the upper level and has a living room, kitchen, 2 bedrooms, walk-in closet, storage closet, laundry room and a full bath. Units 2 and 3 have Long Term Rental Licenses with the City of Red Wing and Unit 1 has a Short Term Rental License. The building last passed the City of Red Wing's rental inspection in late 2025. In the last few years, the owners have added a whole house water softener, put in a new boiler that heats units 1 and 2, installed new water heaters in both Units 1 and 2, installed new flooring in the entryway and kitchen of Unit 1, and installed new flooring throughout Unit 3.
Property Information
Status: Active
Sub Type: ********
List Price: $265,000
MLS#: 7002412
Current Price: $265,000
Address: 402 W 7th Street, Red Wing, MN 55066
City: Red Wing
State: MN
Postal Code: 55066
Geo Lat: 44.562423
Geo Lon: -92.530089
Subdivision: City/Red Wing
County: Goodhue
Property Description
Year Built: 1880
Lot Size SqFt: 4356
Gen Tax: 3776
Specials Inst: 0
High School: Red Wing
Square Ft. Source:
Above Grade Finished Area:
Below Grade Finished Area:
Below Grade Unfinished Area:
Total SqFt.: 2649
Style: Array
Total Bedrooms: 5
Total Bathrooms: 3
Total Full Baths:
Garage Type:
Garage Stalls: 0
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain: Array
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: