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Turnkey 5-Unit Multifamily Property

815 W 4th Street Red Wing, MN 55066

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815 W 4th Street, Red Wing, MN, 55066
$374,900
For Sale
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$374,900

MULTI_FAMILY - Red Wing, MN

Property Size2,829 SF
Lot Size0.23 Acres
Price / SF$132.52
AddedJul 13
Days on Market2
Last RefreshJul 14 at 2:06 pm

Property Features for 815 W 4th Street

General Information

Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
5
Bathrooms
5
Rooms
Basement, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 4, Bathroom 5, Bedroom 5, Bathroom 1, Bedroom 3
Parking features
Assigned
Exterior features
Metal
Standard status
Active
APN
550051850
Size
2,829 SF
Lot size
0.23 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
4206

Utilities

Heating system
Baseboard, Radiant, Oil

Building Details

Year built
1880
Roof type
Shingle

Listing agent Jared D Murphy

Listing office RE/MAX Results 315 Main St, Eden Prairie, MN

Listing date Jul 13, 2026

MLS# 7108694 Listing URL

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This turnkey 5-unit multifamily property includes four one-bedroom units and one studio. The building is positioned as an income-producing asset with updated interiors, including flooring and paint, along with major mechanical improvements. Recent work includes a new boiler in 2025, a water heater installed in 2020, and a roof replaced in 2018.

The property includes both on-site and street parking and sits on a 0.23-acre lot. The listing describes the asset as located in a walkable historic neighborhood just minutes from downtown and the Mississippi River.

With continued rental activity supported by the existing tenant base, the layout offers a mix of unit sizes designed to serve both one-bedroom and studio demand.

Key Highlights

  • Fully leased 5‑plex with 4 one‑bedroom units and 1 studio
  • Generates $5,075/month in gross rental income
  • Recent major updates: new boiler (2025), water heater (2020), and roof (2018)

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Parking Lot & Garage Furniture & Home Goods Real Estate Agency (Bike/Boat/Book/etc) Store Barber Shop Home Appliance Store Garden Center Tech Support Center Skin Care Clinic Electrical Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Fully leased 5-plex with four one-bed units and one studio, plus recent interior and major mechanical upgrades.
Where is this apartment building located?
The property is located at 815 W 4th Street Red Wing, MN.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Fully leased 5‑plex with 4 one‑bedroom units and 1 studio; Generates $5,075/month in gross rental income; Recent major updates: new boiler (2025), water heater (2020), and roof (2018)
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