Home › 480 8th Street, Red Wing, MN 55066 (MLS# 6811652)

480 8th Street, Red Wing, MN 55066 (MLS# 6811652)

$1,350,000
480 8th Street
Red Wing, MN 55066
MLS# 6811652

480 8th Street, Red Wing, MN 55066
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Property Description
The Downton Abbey is located in the historic city of Red Wing, Minnesota. Just a few short blocks to the downtown central business district and the iconic St. James Hotel. Claimed to be one of the oldest cities in all of Minnesota, it is storied with a rich history. Originally built in 1965 for the sisters of Saint Jospeh parish as a convent, this stunning three story all-brick building was transformed in 2025 with six well-appointed units. There are two 3-bedroom, two 2-bedroom, and two 1-bedroom apartments spread out over the main and upper floors. The interior has been totally updated with new custom kitchens, quartz countertops, undermount sinks, stainless steel appliances including full size dishwashers and built-in microwaves, and energy-efficient Whirlpool name-brand stack washers and dryers in all apartments. The exterior has received a 30-year pitched asphalt shingled roof, Andersen series 100 windows, and the brick was tuck-pointed. The units offer luxury vinyl plank flooring, LED lighting, Kohler plumbing fixtures, tiled shower surrounds, two panel shaker interior doors, and plush carpeting in the bedrooms. Brand new electrical, plumbing, and sprinkler systems installed. Sits on an oversized corner lot with 0.38+ acres and a freshly laid 12-stall parking lot for residents to enjoy. Walking distance to shops, restaurants, churches, and the entertaining Sheldon Theatre of performing arts!

Details
Maps
Documents
Contract Information
Status: Active
Current Price: 1350000
Contingency: None
ListPrice: 1350000
List Date: 2025-10-30
Owner is an Agent?: Yes
Auction?: No
General Property Information
Lot Measurement: Acres
Management Company Name: Self Managed
Multiple PIDs?: No
Other Parking Spaces: 12
Owner Occupied: No
Waterfront Present: No
Year Built: 1965
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 3000
Management Company Phone: 651-263-3653
Power Company: Xcel Energy
For Sale or Lease: For Sale
Acres: 0.38
Lot Dimensions: 100 x 160
Assessment Pending: No
Location Tax and Other Information
House Number: 480
Street Name: 8th
Street Suffix: Street
Postal City: Red Wing
County: Goodhue
State: MN
Zip Code: 55066
Complex/Dev/Subdivision: Todd & Douds Sub
Assessments
Tax With Assessments: 4186
Building Information
Building Finished SqFt: 6000
Building SqFt: 9000
Ceiling Height: 8-10
Income and Expenses
Annual Electric Expense: 800
Annual Gross Expenses: 26057
Annual Gross Income: 111699
Annual Insurance Expense: 6219
Annual Maintenance Expense: 1500
Annual Net Income: 85641
Annual Trash Expense: 1476
Annual Water/Sewer Expense: 3987
Total Annual Expenses: 26057
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Sale Options
Sale Includes: Building, Land, Rental License
Unit 1
No. of 1 Bedroom Units: 2
Unit 2
No. of 2 Bedroom Units: 2
Unit 3
No. of 3 Bedroom Units: 2
Unit Details
Total Units: 6
Property Features
Accessible: None
Air Conditioning: Central Air
Amenities Shared: Fire Sprinkler System; Security Building
Amenities Unit: Indoor Sprinklers; Kitchen Window; Paneled Doors
Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer
Assumable Loan: Not Assumable
Basement: Concrete Block; Full; Unfinished
CMU Style: Apartments/Multi Family
Construction Materials: Block; Brick; Concrete
Construction Status: Previously Owned
Current Use: Residential
Existing Financing: Conventional
Exterior: Brick/Stone
Fencing: None
Flooring: Concrete Slab
Foundation: Concrete Block
Fuel: Electric
Heating: Forced Air
Loan Terms: Cash; Conventional
Location Description: Downtown
Lock Box Type: Combo
Lot Description: Corner Lot; Irregular Lot; Tree Coverage - Light
On Site Utilities: Electric Separate; Heating Separate; Hot Water Common
Owner Pays: Hot Water; Insurance; Lawn; Lawn; Maintenance/Repair; Sewer; Snow Removal; Taxes; Trash Collection; Water
Parking Characteristics: Parking Lot; Paved Lot
Potential Use: Income
Rent Rate per Foot: Per Month
Rental License Type: Standard
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Age 8 Years or Less; Asphalt Shingles; Pitched
Sewer: City Sewer/Connected
Stories: Three Or More
Tenant Pays: Cable TV; Electricity
Topography: Level
Wall Description: Concrete/Block; Drywall; Finished
Water: City Water/Connected
Window Features: Blinds; Double Pane Windows; ENERGY STAR Qualified Windows

Listing Office: Apartment Cash Flow, Inc.

Last Updated: May - 27 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Wednesday 3rd of June 2026 04:49 AM

218-998-4400

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