402 W 7th ST, Red Wing, MN 55066 - MLS#7002412

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Nick Leavy

nick@ermetro.com +1(612) 236-5331

$265,000

Est. payment - /mo

5 Beds

3 Baths

2,449 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,449 sqft

Price per Sqft $108

Subdivision City/Red Wing

MLS Listing ID 7002412

Bedrooms 5

Year Built 1880

Annual Tax Amount $3,776

Tax Year 2025

Contingent None

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 60 x 76

Property Sub-Type Triplex

Property Description

This 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.

Location

State MN

County Goodhue

Zoning Residential-Multi-Family

Rooms

Basement Owner Access, Partial, Unfinished

Interior

Heating Boiler

Fireplace No

Laundry In Unit

Exterior

Parking Features On-Street Parking Only

Roof Type Age Over 8 Years,Asphalt,Pitched

Building

Lot Description Corner Lot

Story Two

Foundation 1502

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District Red Wing

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Listed by Neal Topliff • Draz Real Estate Inc.

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