James Adams
Pemberton RE
(833) 437-2974
52 Total Sales
1 in Red Wing
$310,000 Price
402 W 7th St Red Wing, MN 55066
Red Wing AreaEstimated Value: $260,370
5
Beds
3
Baths
2,449
Sq Ft
$106/Sq Ft
Est. Value
About This Home
As of May 2026This triplex is a great investment opportunity! Unit 1 is located on the main level and it is used as a fully furnished Short Term Rental. This unit is warm and inviting and offers a bright living room, large kitchen with a walk-out bay window, and one spacious bedroom with an ensuite full bath that has a beautiful tile surround. Unit 2 is a Long Term Rental located on the main level and it features a large living room, 2 bedrooms, office, eat-in kitchen, full bath and an in unit washer and dryer. Unit 3 is located on the upper level and has a living room, kitchen, 2 bedrooms, walk-in closet, storage closet, laundry room and a full bath. Units 2 and 3 have Long Term Rental Licenses with the City of Red Wing and Unit 1 has a Short Term Rental License. The building last passed the City of Red Wing's rental inspection in late 2025. In the last few years, the owners have added a whole house water softener, put in a new boiler that heats units 1 and 2, installed new water heaters in both Units 1 and 2, installed new flooring in the entryway and kitchen of Unit 1, and installed new flooring throughout Unit 3.
Last Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,776
Year Built
- Built in 1880
Lot Details
- Lot Dimensions are 60 x 76
- Corner Lot
Parking
- On-Street Parking
Home Design
- Triplex
- Stone Foundation
- Pitched Roof
- Vinyl Siding
Interior Spaces
- 2,449 Sq Ft Home
- 2-Story Property
- Unfinished Basement
- Partial Basement
- Laundry in unit
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Outdoor Features
- Side Porch
Utilities
- Boiler Heating System
- 100 Amp Service
Community Details
- 3 Units
- City/Red Wing Subdivision
Listing and Financial Details
- Tenant pays for broadband, electricity
- The owner pays for broadband, electricity, sewer, water
- Assessor Parcel Number 550050470
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 12, 2026
Closed on
May 1, 2026
Sold by
Bought by
Seller's Agent
Neal Topliff
Draz Real Estate Inc.
Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
List Price
$265,000
Sold Price
$266,000
Premium/Discount to List
$1,000
0.38%
Views
26
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,630
Avg. Annual Appreciation
-7.90%
Original Mortgage
$199,500
Outstanding Balance
$199,118
Interest Rate
6.22%
Mortgage Type
New Conventional
Estimated Equity
$61,252
Purchase Details
Closed on
Aug 31, 2018
Sold by
Bought by
Purchase Details
Closed on
Sep 1, 2015
Sold by
Bought by
Purchase Details
Closed on
Aug 31, 2007
Sold by
Bought by
Purchase Details
Closed on
Feb 2, 2001
Sold by
Bought by
Purchase Details
Closed on
Mar 26, 1999
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Red Wing, MN
-
James Adams
-
Glori Haidar
Glori Haidar
Edina Realty, Inc.
(712) 624-7741
58 Total Sales
1 in Red Wing
$240,000 Price
-
Stacy Vorwald
Stacy Vorwald
Edina Realty, Inc.
(715) 265-2686
100 Total Sales
1 in Red Wing
$220,000 Price
-
Adam Cole
Adam Cole
Counselor Realty of Rochester
(507) 516-3238
83 Total Sales
2 in Red Wing
$229K - $300K Price Range
-
Kathryn Litke
Kathryn Litke
Keller Williams Select Realty
(612) 482-6364
55 Total Sales
1 in Red Wing
$150,000 Price
-
Matthew Wright
Matthew Wright
eXp Realty
(651) 370-8910
167 Total Sales
1 in Red Wing
$337,500 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $266,000 | Knight Barry Title | ||
| $169,751 | -- | ||
| $88,000 | Attorney | ||
| $95,000 | -- | ||
| $91,000 | -- | ||
| $69,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $199,500 | ||
| Previous Owner | $50,000 | ||
| Previous Owner | $107,200 | ||
| Previous Owner | $342,650 | ||
| Previous Owner | $31,560 | ||
| Previous Owner | $50,000 | ||
| Previous Owner | $80,000 | ||
| Previous Owner | $400,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/01/2026 05/01/26 | Sold | $266,000 | +0.4% | $109 / Sq Ft |
| 03/31/2026 03/31/26 | Pending | -- | -- | -- |
| 03/20/2026 03/20/26 | For Sale | $265,000 | -0.4% | $108 / Sq Ft |
| 03/02/2026 03/02/26 | Off Market | $266,000 | -- | -- |
| 01/12/2026 01/12/26 | For Sale | $265,000 | -- | $108 / Sq Ft |
Source: NorthstarMLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $3,814 | $244,200 | $25,900 | $218,300 |
| 2025 | $3,814 | $233,100 | $25,900 | $207,200 |
| 2024 | -- | $229,000 | $25,900 | $203,100 |
| 2023 | $3,494 | $214,100 | $25,900 | $188,200 |
| 2022 | $3,250 | $212,600 | $25,900 | $186,700 |
| 2021 | $3,158 | $179,300 | $25,900 | $153,400 |
| 2020 | $2,756 | $167,500 | $25,900 | $141,600 |
| 2019 | $2,716 | $144,400 | $25,900 | $118,500 |
| 2018 | $2,028 | $143,900 | $24,800 | $119,100 |
| 2017 | $1,968 | $112,200 | $24,800 | $87,400 |
| 2016 | $1,764 | $110,300 | $24,800 | $85,500 |
| 2015 | $1,468 | $103,600 | $24,800 | $78,800 |
| 2014 | -- | $85,700 | $24,800 | $60,900 |
Source: Public Records
Agents Affiliated with this Home
-
Neal Topliff
Seller's Agent in 2026
Neal Topliff
Draz Real Estate Inc.
(651) 380-4636
32 Total Sales
-
Beth Topliff
Seller Co-Listing Agent in 2026
Beth Topliff
Draz Real Estate Inc.
(651) 380-0612
22 Total Sales
-
N
Buyer's Agent in 2026
NON-RMLS NON-RMLS
Non-MLS
Map
Source: NorthstarMLS
MLS Number: 7002412
APN: 55.005.0470
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of NorthstarMLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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