2

Red Wing, MN Multifamily Homes & Duplexes for Sale

Section Image
  • /19

    $449,000

    • 5 Beds
    • 5 Baths
    • 2,829 Sq Ft

    815 W 4th St, Red Wing, MN 55066

    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

    Jared Murphy RE/MAX Results

    815 W 4th St, Red Wing, MN 55066
  • /28

    $470,000

    • 4 Beds
    • 4 Baths
    • 2,764 Sq Ft

    504 Buchanan St Unit 506, Red Wing, MN 55066

    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

    Andrea Jensen Edina Realty, Inc.

    504 Buchanan St Unit 506, Red Wing, MN 55066

Why Live in Red Wing

Red Wing, Minnesota, is a small city located an hour south of Minneapolis along the Mississippi River. Known for its outdoor activities and artistic community, Red Wing features several parks, novelty restaurants, and a revitalized downtown district. Memorial Park offers expansive views, hiking trails, and cross-country skiing, while Colvill Park is popular for boating with its five boat launches and four marinas. The city hosts numerous events, including performances at the Sheldon Theater and festivals like the fall arts festival and holiday stroll. Red Wing is home to the Red Wing Shoes flagship store, which boasts the world’s largest boot, and Treasure Island Resort & Casino with a 16,000-seat amphitheater. The local school district serves nearly 3,000 students and includes Twin Bluffs Middle School, named after a historic Dakota site. Downtown Red Wing features a mix of locally-owned shops and restaurants, with popular spots like Red Wing Brewery and Kelly's Tap House Bar & Grill. Housing options include early 20th-century ranch-style, Craftsman, and Four-Square homes. Amtrak provides daily service to Chicago and Milwaukee, while U.S. Route 61 connects residents to St. Paul. Despite a flood risk due to its proximity to the river, Red Wing has a crime rate lower than the national average.

Home Trends in Red Wing, MN

Housing Trends

Median Sale Price
$281,500
Median Single Family Sale Price
$283,000
Median Townhouse Sale Price
$435,000
Average Price Per Sq Ft
$165
Number of Homes for Sale
65
Last 12 months Home Sales
206
Months of Supply
3.80
Median List Price
$285,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
1%
How to Buy a Home How to Finance a Home How to Sell a Home