MLS: #7108694, Listed By: Jared Murphy, RE/MAX Results, Source:FargoMoorhead Area Association of REALTORS
815 W 4th Street
Red Wing, MN 55066
5
Bed
5
Bath
2,829Sqft
0.23Acre(Lot)
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 Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 5Bathroom Information
Total Baths: 5Room Information
Has Basement: Yes Basement: Partial -
Roofing Information
Asphalt, Shingle -
Interior Features
Roof: Asphalt, Shingle Laundry Features: None -
Heating & Cooling
Has Heating: Yes Heating: Baseboard, Radiant
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Building Information
Year Built: 1880 Building Area Total: 3224 Stories: 2 Patio And Porch Features: Porch Private Pool: No
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Lot Information
Lot Dimensions: .23 Acres Main Square Feet: 0.23 Acres Lot Size Acres: 0.23 Lot Size Square Feet: 10018.8 Lot Description: Irregular LotProperty Information
Subdivision: City/Red Wing Source Property Type: Residential Income Property SubType: Apartment Levels: Two Property Age: 146
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Listing Price Information
Listing Price: $374900 Cash, Conventional
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Tax Information
Parcel Number: 550051850 Tax Year: 2025 Annual Tax: $4206 Tax Legal Desc: ORIGINAL PLAT DOC#650566 LOT 8 BLK 17 EX ELY 13FT; ELY 10FT LOT 9 ID# 5-0050-17800
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Parking Information
Assigned
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Location Information
Direction: Main St to W Ave, R on 4th St, Property on Left WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 29923 Lakeview Avenue, Red Wing, MN, 55066 | $795,000 | 5 | 2 | 2,402 | 2,402 SqFt |
| 27380 Sevastopol Road, Red Wing, MN, 55066 | $609,000 | 4 | 1 | 2,025 | 2,025 SqFt |
| 2241 Langsdorf Avenue, Red Wing, MN, 55066 | $289,000 | 3 | 2 | 1,232 | 1,232 SqFt |
| 591 E 7th Street, Red Wing, MN, 55066 | $300,000 | 4 | 2 | 2,062 | 2,062 SqFt |
| 1524 East Avenue, Red Wing, MN, 55066 | $210,000 | 3 | 2 | 1,646 | 1,646 SqFt |
| 462 13th Street, Red Wing, MN, 55066 | $225,000 | 4 | 2 | 1,941 | 1,941 SqFt |
| 1115 Bush Street, Red Wing, MN, 55066 | $199,900 | 4 | 2 | 1,338 | 1,338 SqFt |
| 203 E 7th Street, Red Wing, MN, 55066 | $255,000 | 3 | 2 | 1,363 | 1,363 SqFt |
| 2549 Malmquist Avenue, Red Wing, MN, 55066 | $199,900 | 3 | 2 | 1,431 | 1,431 SqFt |
| 1308 Norwood Street, Red Wing, MN, 55066 | $265,000 | 3 | 2 | 1,044 | 1,044 SqFt |
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Nearby For Sale
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ByOwner last updated this listing 07/19/2026 @ 03:01
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