$449,000

815 W 4th StreetRed Wing, MN 55066

Type: Multi-Family

4 Units

Description

Rare 5 Plex Investment Opportunity!!! Fully rented with great cash flow! Major Remodel of all units as well as recent renovations to ceiling; flooring in Unit 1 & major Foundation work. Fresh paint throughout most Units. Maintenance-free Siding & Roof replaced in 2018. New Water Heater in 2020 & New Boiler in 2025. 4-1 Bedroom/1 Bath units along with 1 Studio apartment! On Site and Street Parking available. Located within the scenic Historic District; just steps away from downtown!

MLS ID: 6803774

Directions: Main St to W Ave, R on 4th St, Property on Left

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Property Details

Essential Details

MLS #: 6803774

Listing courtesy of: RE/MAX Results

Price: $449,000

Type: Multi-Family

Contingency: None

Foreclosure: No

Zoning: Residential-Multi-Family

Total Units: 4

Annual Gross Income: $62,700

Operating Expense: $17,873

Annual Gross Expense: $17,873

Annual Electric Expense: $2,750

Annual Fuel Expense: $2,750

Annual Insurance Expense: $6,288

Annual Maintenance Expense: $1,000

Annual Other Expense: $1,000

Annual Annual Expense: $1,000

Annual Water/Sewer Expense: $4,170

Tenant Pays: Cable TV

Owner Pays: Electricity, Fuel, Insurance, Grounds Care, Snow Removal, Taxes, Trash Collection

Parking Features: Assigned

Building Details

Owner Occupied: No

Finished SqFt Total: 2,829

Finished Above Grade: 2,829

Fireplace: No

Construction Materials: Metal Siding

AccessibilityFeatures: None

Roof: Age 8 Years or Less, Asphalt

Heating: Baseboard, Boiler, Radiant

Electric: Circuit Breakers

Style: Apartment

Foundation Area: 395

Sewer: City Sewer/Connected

Water Source: City Water/Connected

Present Use: Yearly

Number of Ranges: Five

Number of Refrigerators: Five

Lot Details

Complex/Dev/Sub Name: City/Red Wing

Lot Dimensions: .23 Acres

Fence: None

Road Frontage: City Street

School Information

District: Red Wing

District Number: 256

District Phone: 651-385-4500

Community Information

County: Goodhue

Taxes

Tax Year: 2025

Tax Amount: $4,206

Assessment Pending: No

Taxes w/Assessments: $3,392

This listing was last updated by RE/MAX Results on 11/18/2025 at 10:43 am.

Information is deemed to be reliable, but is not guaranteed. Such information cannot be duplicated or distributed in any manner without the express written consent of the owning association. Data is deemed reliable but not guaranteed.

Records last updated at 12/5/2025 2:25 am.

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. Real estate listings held by brokerage firms other than Castle Realty of Rochester are marked with the Broker Reciprocity^SM logo or the Broker Reciprocity^SM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

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