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    504 Buchanan St Red Wing, MN 55066

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    For Sale
    $470,000

    Updated fourplex featuring long-term tenants and a thriving short-term rental.

    Lot size:
    0.24 Acres

    Property Features for 504 Buchanan St

    General Information

    Lot size
    0.24 Acres
    Exterior features
    exterior_features, : ["Age Over 8 Years", "Asphalt"]
    Interior features
    Interior Feature 1, : "Ductless Mini-Split", "Interior Feature 2": "Forced Air", "Interior Feature 3": "Range"

    Building Details

    Year built
    1890

    Source: Edina Realty Agent Inc.

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Fourplex with Income Potential

    This updated fourplex is available for purchase, featuring three long-term rental units and one short-term rental. The property benefits from off-street parking and curb appeal. Its location is near a neighborhood grocery store and within walking distance of downtown. The property offers income potential.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Red Wing
    County
    Goodhue
    State
    Minnesota
    Longitude
    -92.5522464
    Latitude
    44.5600806

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    FAQs

    What type of property is this?
    Quadplex - Updated fourplex featuring long-term tenants and a thriving short-term rental.
    Where is this quadplex located?
    The property is located at 504 Buchanan St Red Wing, MN.
    What is the asking price?
    The asking price for this property is $470,000.
    What are key features of this property?
    This property features: - Strong income potential from a mix of long-term tenants and a thriving short-term rental.; - Unbeatable location next to a neighborhood grocery and a short walk to downtown.; - Updated property with smart updates already completed, offering low-stress ownership.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    504 Buchanan St Red Wing, MN 55066
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