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815 W 4th Street, Red Wing, MN 55066

Red Wing
Local realty services provided by:CENTURY 21 Brainerd Realty, Inc.
815 W 4th Street,Red Wing, MN 55066
$389,900
  • 5 Beds
  • 5 Baths
  • 2,829 sq. ft.
  • Multi-family
  • Active
MLS#:7030253
Source:NSMLS

Price summary

  • Price:$389,900
  • Price per sq. ft.:$120.94

About this home

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.

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Home facts

  • Year built:1880
  • Listing ID #:7030253
  • Added:1182 day(s) ago
  • Updated:April 24, 2026 at 08:59 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:5
  • Basement:Yes
  • Basement Description:Partial
  • Living area:2,829 sq. ft.

Heating and cooling

  • Heating:Baseboard, Boiler, Radiant

Structure and exterior

  • Roof:Age 8 Years or Less, Asphalt
  • Year built:1880
  • Building area:2,829 sq. ft.
  • Lot area:0.23 Acres
  • Lot Features:Irregular Lot, Tree Coverage - Light
  • Exterior Features:Porch
  • Levels:2 Story

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$389,900
  • Price per sq. ft.:$120.94
  • Tax amount:$4,206 (2025)

Parking

  • Parking description:Assigned
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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