Residential Income

Redwood Falls, MN Residential Income Properties for Sale

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Downtown Mixed-Use Building Opportunity
Updated: Apr 29
Downtown Mixed-Use Building Opportunity

226 S Washington St, Redwood Falls, MN 56283

$129,900
Mixed‑use building with a main‑level commercial space plus 2 upstairs residential units
Commercial space includes exposed brick walls, warm wood floors, and large front windows for storefront natural light
Commercial area has a dressing room, existing counter area, and additional back storage
Upstairs units: one 1‑bedroom plus a non‑conforming bedroom and one 2‑bedroom unit
One residential unit is currently rented for immediate cash flow
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Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 1 Active listings in Redwood Falls, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Four-Unit Apartment Building
Four-Unit Apartment Building

202 N Cass Avenue, Springfield, MN 56087

$252,000
4,900 sqft 0.34 AC lot

Four-unit apartment building with detached garages on a corner lot, brick construction, and forced-air heat.

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Duplex with Detached Triple-Stall Garage
Duplex with Detached Triple-Stall Garage

420 8th Street SW, Willmar, MN 56201

$129,900
1,800 sqft 0.26 AC lot

Two-unit duplex with two bedrooms per unit, fully rented, with a newer furnace and updated vinyl siding.

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Residential Income Property with Garage
Residential Income Property with Garage

202 N Cass Avenue, Springfield, MN 56087

$252,000
4,900 sqft

The property includes a parking lot, garage, and forced-air heating.

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Duplex with Updated Interiors
Duplex with Updated Interiors

805 4th Street SW, Willmar, MN 56201

$144,900
1,248 sqft 0.17 AC lot

Duplex with renovated bathrooms, an updated Unit 2 kitchen, and portions of plumbing replaced.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Lakefront Lot for Custom Home
Lakefront Lot for Custom Home

S Ramsey Street, Redwood Falls, MN 56283

$50,000
1.15 AC lot

1.096-acre lot with 130 feet of shoreline on Lake Redwood.

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Residential Lot in Redwood Falls
Residential Lot in Redwood Falls

113 U'Ren Lane, Redwood Falls, MN 56283

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0.29 AC lot

City lot in a quiet cul-de-sac with city services.

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Residential Land in Sanborn, MN
Residential Land in Sanborn, MN

E Winona Street lot: 5-8, Sanborn, MN 56083

Contact for pricing
0.32 AC lot

Build-ready land in town, ideal for custom home.

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Waterfront Hunting Land Parcel
Waterfront Hunting Land Parcel

12893 County Road 7, Stewart, MN 55385

$379,900
24.47 AC lot

A 24.47-acre parcel adjacent to Eagle Lake, marketed for deer hunting and duck and goose hunting opportunities.

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Off-Market Properties in Redwood Falls, MN

Consider similar Off-Market properties in Redwood Falls, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

900 Elm St
MOBILE HOME PARK, TRAILER PARK

900 Elm St, Redwood Falls, MN 56283-1356

Value Estimation by Request
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Redwood Falls, MN 56283
MOBILE HOME PARK, TRAILER PARK

Redwood Falls, MN 56283

$265,000
Estimated value
1.65 AC lot
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Redwood Falls, MN Residential Income Properties Market Trends and Statistics

Explore 3 residential income properties for sale in Redwood Falls, MN on our real estate platform.

Sale prices for residential income properties in Redwood Falls, MN average $129,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Duplexes 1
Multifamily properties 1

Demographics Overview

Population 6,469
Population Growth (5Y) +2.8%
Median Household Income $66,548
College Educated 31.9%

High-Yield Neighborhoods for Investment

Identify Redwood Falls submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
56283 $129.9K

Taxes & Financing

Tax Rate (average for all types) 2.22%
Property Tax per SF $11.46 per SF
Tax Rate vs County Average 0.10 pp below county avg
Average Loan-to-Value 65.0%

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