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5-Unit Apartment Building
For Sale
$370,000

815 W 4th St, Red Wing, MN 55066

Fully leased multifamily property with a diversified unit mix, updated interiors, and parking available on-site and along the street.

Property Size2,829 SF
Price / SF$130.79
Days on Market25

Property Features for 815 W 4th St

General Information

Standard status Active
Size 2,829 SF
Property subtype Multi-Family
Occupancy 100%

Units

Unit Mix 4 x 1BR, 1 x studio
Multifamily Units 5

Additional Details

Gross Income $60,900

Building Details

Year Built 1880
Listing Agency: RE/MAX Results
Listed By: Jared D Murphy
Source: Homesminn
Added: Aug 6 Changed: Aug 29 Last Checked: Aug 25 at 4:52AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Results

Investment Insights

Based on property information with market context.

This 2,829-square-foot apartment property contains five units: four one-bedroom apartments and one studio. The building dates to 1880 and is fully leased. Recent property work includes refreshed interiors with new flooring and paint, along with replacement of the boiler in 2025, water heater in 2020, and roof in 2018.

The property is located at 815 W 4th St in Red Wing, within a walkable historic neighborhood near downtown and the Mississippi River. Parking is provided on the lot and along the street, supporting the existing residential configuration.

Key Highlights

  • Five‑unit layout with four one‑bedroom apartments and one studio
  • 2,829 square feet; built in 1880
  • Fully leased apartment property

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Furniture & Home Goods Real Estate Agency (Bike/Boat/Book/etc) Store Barber Shop Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

770
Businesses Nearby

Demographics for 55066, MN

18,732
Population
8,707
Households
2.2
Avg Household Size
44
Median Age
27%
College-Educated
92%
High-School Grad
120.9 sq mi
ZIP Area
155
Density / Sq Mi
$70,529
Median Household Income
$40,764
Median Earnings
$958
Median Rent
$237,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully leased multifamily property with a diversified unit mix, updated interiors, and parking available on-site and along the street.
Where is this apartment building located?
The property is located at 815 W 4th St Red Wing, MN.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Five‑unit layout with four one‑bedroom apartments and one studio; 2,829 square feet; built in 1880; Fully leased apartment property
More about this property
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