Home › 815 W 4th Street, Red Wing, MN 55066 (MLS# 7082352)

815 W 4th Street, Red Wing, MN 55066 (MLS# 7082352)

$374,900
815 W 4th Street
Red Wing, MN 55066
MLS# 7082352
5 beds  |  5 baths
815 W 4th Street, Red Wing, MN 55066
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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!!

Details
Maps
Contract Information
Status: Active
Current Price: 374900
Contingency: None
ListPrice: 374900
List Date: 2026-05-28
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 5
Owner Occupied: No
Waterfront Present: No
Year Built: 1880
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 5
Baths Total: 5
Foundation Size: 395
Power Company: Xcel Energy
For Sale or Lease: For Sale
Acres: 0.23
Lot Dimensions: .23 Acres
Assessment Pending: No
Location Tax and Other Information
House Number: 815
Street Direction Prefix: W
Street Name: 4th
Street Suffix: Street
Postal City: Red Wing
County: Goodhue
State: MN
Zip Code: 55066
Complex/Dev/Subdivision: City/Red Wing
Assessments
Tax With Assessments: 4206
Building Information
Building Finished SqFt: 2829
Building SqFt: 3224
Income and Expenses
Annual Electric Expense: 2757
Annual Fuel Expense: 2757
Annual Gross Expenses: 18682
Annual Gross Income: 62100
Annual Insurance Expense: 5998
Annual Maintenance Expense: 1000
Annual Net Income: 43418
Annual Repair Expense: 1000
Annual Trash Expense: 1000
Annual Water/Sewer Expense: 4170
Total Annual Expenses: 18682
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Sale Options
Sale Includes: Building, Land
Unit 1
Unit Number: 1
Monthly Rent: 975
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 1
Leased?: Yes
Lease Expiration Date: 2026-08-31
No. of 1 Bedroom Units: 5
Unit 2
Full Baths: 1
Lease Expiration Date: 2027-03-31
Leased?: Yes
Monthly Rent: 1100
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 2
Unit 3
Full Baths: 1
Lease Expiration Date: 2026-11-30
Leased?: Yes
Monthly Rent: 1000
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 3
Unit 4
Full Baths: 1
Lease Expiration Date: 2026-05-31
Leased?: Yes
Monthly Rent: 1100
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 4
Unit 5
Full Baths: 1
Lease Expiration Date: 2026-05-31
Leased?: Yes
Monthly Rent: 1000
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Number: 5
Unit Details
Total Units: 5
Property Features
Accessible: None
Air Conditioning: Window Unit(s)
Amenities Shared: Porch
Amenities Unit: Porch
Appliances: Range; Refrigerator
Assumable Loan: Not Assumable
Basement: Partial
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Residential
Existing Financing: Conventional
Exterior: Metal
Fencing: None
Flooring: Carpet; Wood
Foundation: Stone
Fuel: Natural Gas
Heating: Baseboard; Boiler; Radiant
Internet Options: Cable; Fiber Optic
Loan Terms: Cash; Conventional
Location Description: Downtown
Lock Box Type: Combo
Lot Description: Irregular Lot; Tree Coverage - Light
On Site Utilities: Electric Common; Heating Common; Hot Water Common
Owner Pays: Electricity; Fuel; Insurance; Lawn; Lawn; Snow Removal; Taxes; Trash Collection
Parking Characteristics: Assigned
Potential Use: Income
Rent Rate per Foot: Per Month
Road Frontage: City Street
Roof: Age 8 Years or Less; Asphalt Shingles
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: Broadband; Cable TV
Water: City Water/Connected

Listing Office: RE/MAX Results

Last Updated: May - 28 - 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.

Monday 1st of June 2026 03:02 AM

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