815 W 4th St Red Wing, MN 55066
Estimated payment $2,418/month
Highlights
- Porch
- Baseboard Heating
- 4-minute walk to Central Park
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,206
Year Built
- Built in 1880
Lot Details
- Irregular Lot
- Few Trees
Parking
- Assigned Parking
Home Design
- Metal Siding
Interior Spaces
- 2,829 Sq Ft Home
- 2-Story Property
- Partial Basement
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Outdoor Features
- Porch
Utilities
- Baseboard Heating
- Boiler Heating System
- Radiant Heating System
Community Details
- 4 Units
- City/Red Wing Subdivision
Listing and Financial Details
- The owner pays for electricity, fuel, insurance, grounds care, snow removal, taxes, trash collection
- Assessor Parcel Number 550051850
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 | $4,172 | $255,000 | $50,300 | $204,700 |
| 2024 | -- | $255,000 | $50,300 | $204,700 |
| 2023 | $3,552 | $231,900 | $50,300 | $181,600 |
| 2022 | $3,392 | $216,100 | $50,300 | $165,800 |
| 2021 | $3,116 | $187,200 | $50,300 | $136,900 |
| 2020 | $3,334 | $174,600 | $40,300 | $134,300 |
| 2019 | $3,326 | $174,600 | $40,300 | $134,300 |
| 2018 | $3,108 | $176,300 | $40,300 | $136,000 |
| 2017 | $3,102 | $172,100 | $35,000 | $137,100 |
| 2016 | $2,816 | $173,800 | $35,000 | $138,800 |
| 2015 | $2,868 | $165,300 | $35,000 | $130,300 |
| 2014 | -- | $169,100 | $35,000 | $134,100 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/24/2026 04/24/26 | Price Changed | $389,900 | -2.5% | $138 / Sq Ft | |
| 03/05/2026 03/05/26 | For Sale | $399,900 | +7.5% | $141 / Sq Ft | |
| 05/19/2023 05/19/23 | Sold | $372,000 | -7.0% | $131 / Sq Ft | View Prior Sale |
| 04/04/2023 04/04/23 | Pending | -- | -- | -- | |
| 01/24/2023 01/24/23 | For Sale | $399,900 | -- | $141 / Sq Ft | |
| 01/24/2023 01/24/23 | Pending | -- | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $372,000 | -- | |
| Warranty Deed | $350,000 | None Listed On Document | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $300,000 | New Conventional | |
| Previous Owner | $280,000 | New Conventional |
Source: NorthstarMLS
MLS Number: 7030253
APN: 55.005.1850
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Ask me questions while you tour the home.