Property Listing
Description
Turnkey 5-Unit Investment Opportunity in Red Wing Fully leased 5-plex in a desirable, walkable historic neighborhood just minutes from downtown and the Mississippi River. Property features 4 one-bedroom units and 1 studio, generating $5,075/month in gross rental income with continued upside potential. Recent improvements include updated interiors, flooring, paint, and major mechanicals: new boiler (2025), water heater (2020), and roof (2018)—helping minimize near-term capital expenses. Generous lot with on-site and street parking. Strong rental demand area with consistent occupancy—ideal for investors seeking a stable, income-producing asset with upside.
Property Information
Status: Active
Sub Type: ********
List Price: $389,900
MLS#: 7030253
Current Price: $389,900
Address: 815 W 4th Street, Red Wing, MN 55066
City: Red Wing
State: MN
Postal Code: 55066
Geo Lat: 44.561611
Geo Lon: -92.538541
Subdivision: City/Red Wing
County: Goodhue
Property Description
Year Built: 1880
Lot Size SqFt: 10018.8
Gen Tax: 4206
Specials Inst: 0
High School: Red Wing
Square Ft. Source:
Above Grade Finished Area:
Below Grade Finished Area:
Below Grade Unfinished Area:
Total SqFt.: 3224
Style: Array
Total Bedrooms: 5
Total Bathrooms: 5
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: