815 W 4th St Red Wing, MN 55066
Estimated payment $2,376/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
- Stone Foundation
- 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
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 |
|---|---|---|---|---|
| 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
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 |
|---|---|---|---|---|
| 07/13/2026 07/13/26 | For Sale | $374,900 | -- | $133 / Sq Ft |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $372,000 | -- | |
| Warranty Deed | $350,000 | None Listed On Document | |
| Deed | -- | -- |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $311,286 | Credit Line Revolving | |
| Closed | $300,000 | New Conventional | |
| Closed | $280,000 | New Conventional |
Source: NorthstarMLS
MLS Number: 7108694
APN: 55.005.1850
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
- 816 W 5th St
- 821 W 3rd St
- 1105 W 4th St
- 731 College Ave
- 802 West Ave
- 523 East Ave Unit 102
- 1048 Putnam Ave
- 815 West Ave
- 621 East Ave
- 222 Bush St Unit 302
- 222 Bush St Unit 404
- 222 Bush St Unit 303
- 222 Bush St Unit 301
- 222 Bush St Unit 304
- 222 Bush St Unit 401
- 817 Central Ave
- 530 9th St
- 418 8th St
- 703 Bush St
- 455 9th St
- 703 W 5th St Unit 3
- 434 W 4th St
- 419 Main St
- 222 Bush St
- 314 W 4th St
- 205 Plum St Unit 3
- 455 9th St Unit Upper
- 107 W 7th St
- 540 Tyler Rd S
- 2488 Malmquist Ave
- 260 Frenn Ave
- 533 W Kinne St
- 411 W Cairns St
- 559-599 N Maple St
- 543 N Alexander Ave
- W10894 Us-10
- 213 N Park St Unit 1
- 62 Meggan Dr
- 36 Meggan Dr
- 2400 Voyageur Pkwy
Ask me questions while you tour the home.