Additional details

Chuck Scott

chuck@mndreamteam.com +1(763) 913-4589

$370,000

Est. payment - /mo

5 Beds

5 Baths

2,829 SqFt

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UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 2,829 sqft

Price per Sqft $130

Subdivision City/Red Wing

MLS Listing ID 7108694

Bedrooms 5

Year Built 1880

Annual Tax Amount $4,206

Tax Year 2025

Contingent None

Lot Size 10,018 Sqft

Lot Dimensions .23 Acres

Property Sub-Type Apartment

Property 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.

Location

State MN

County Goodhue

Zoning Residential-Multi-Family

Rooms

Basement Partial

Interior

Heating Baseboard, Boiler, Radiant

Fireplace No

Laundry None

Exterior

Parking Features Assigned

Fence None

Roof Type Age 8 Years or Less,Asphalt

Building

Lot Description Irregular Lot, Tree Coverage - Light

Story Two

Foundation 395

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District Red Wing

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Listed by Jared Murphy • RE/MAX Results

Nearby School & Business

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Chuck Scott

+1(763) 913-4589

Agent

815 W 4th ST Red Wing, MN 55066

Chuck Scott

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Nearby School & Business

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