504 Buchanan St Unit 506 Red Wing, MN 55066
Estimated payment $2,798/month
Highlights
- Corner Lot
- Forced Air Heating System
- Wood Siding
About This Home
This updated 4 plex is ready for its next owner with three solid long-term units and one thriving short-term rental. Tenants love the off-street parking, curb appeal, and unbeatable location next to a neighborhood grocery and just a short walk to downtown. With smart updates already completed, this property offers strong income potential and low stress ownership in one of Red Wing’s most desirable areas.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,834
Year Built
- Built in 1890
Lot Details
- Lot Dimensions are 90x121
- Corner Lot
- Few Trees
Home Design
- Quadruplex
- Wood Siding
Interior Spaces
- 2,764 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Basement
- Walk-Out Basement
- Partial Basement
Utilities
- Forced Air Heating System
- 100 Amp Service
Community Details
- 4 Units
- E&R B 11 W Ext Swen Subdivision
Listing and Financial Details
- The owner pays for sewer, trash collection
- Assessor Parcel Number 551600080
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $4,056 | $246,000 | $60,800 | $185,200 |
| 2024 | -- | $245,900 | $60,800 | $185,100 |
| 2023 | $3,372 | $225,700 | $60,800 | $164,900 |
| 2022 | $3,030 | $205,200 | $54,700 | $150,500 |
| 2021 | $2,816 | $167,200 | $54,700 | $112,500 |
| 2020 | $3,014 | $157,900 | $54,700 | $103,200 |
| 2019 | $2,878 | $157,900 | $54,700 | $103,200 |
| 2018 | $2,754 | $152,500 | $54,700 | $97,800 |
| 2017 | $2,720 | $152,500 | $54,700 | $97,800 |
| 2016 | $2,470 | $152,500 | $54,700 | $97,800 |
| 2015 | $2,484 | $145,000 | $54,700 | $90,300 |
| 2014 | -- | $145,000 | $54,700 | $90,300 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/15/2025 05/15/25 | For Sale | $470,000 | -- | $170 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $199,500 | Knight Barry Ttl United Llc | |
| Contract Of Sale | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $156,000 | Commercial |
Source: NorthstarMLS
MLS Number: 6718428
APN: 55.160.0080
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.
Based on information submitted to the MLS GRID. 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.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
- 1715 W 5th St
- 1728 W 6th St
- 1738 W 6th St
- 717 Blaine St
- 1815 Grandview Ave
- 1578 Alvina St
- 1632 Spruce Dr
- 1004 College Ave
- 815 W 4th St
- 1062 Putnam Ave
- 1224 Tee Up Ln
- 1108 Hawthorne St
- 1029 Putnam Ave
- 1012 West Ave
- 802 West Ave
- 716 Central Ave
- 1606 Reichert Ave
- 222 Bush St Unit 402
- 222 Bush St Unit 302
- 222 Bush St Unit 404
- 820 West Ave
- 437 Main St Unit 3
- 419 Main St
- 222 Bush St
- 405 W 3rd St Unit A
- 314 W 4th St
- 520 Tyler Rd S
- 540 Tyler Rd S
- 752 McSorley St
- 752 McSorley St Unit Main Level
- 1405 S Park St
- 1543 Bush St
- 359 Frenn Ave Unit 359
- 260 S Plum St
- 739-819 Lucas Ln
- 76 Meggan Dr
- 74 Meggan Dr
- 675 Laura St
- 2444 Yellowstone Dr
- 2457 Yellowstone Dr