480 8th Street, Red Wing, Minnesota 55066

MN, Red Wing
$1,290,000
  • Commercial Sale Property Type
  • 1965 Year Built
  • Active Status
See All 44 Photos
Kyle Synowczynski
Kyle Synowczynski
  • (612) 688-6065
  • Kyle@StoneArchRealty.com
Property Description

The Downton Abbey is located in the historic city of Red Wing, Minnesota. Just a few short blocks to the downtown central business district and the iconic St. James Hotel. Claimed to be one of the oldest cities in all of Minnesota, it is storied with a rich history. Originally built in 1965 for the sisters of Saint Jospeh parish as a convent, this stunning three story all-brick building was transformed in 2025-2026 with six well-appointed units. There are two 3-bedroom, two 2-bedroom, and two 1-bedroom apartments spread out over the main and upper floors. The interior has been totally updated with new custom kitchens, quartz countertops, undermount sinks, stainless steel appliances including full size dishwashers and built-in microwaves, and energy-efficient Whirlpool name-brand stack washers and dryers in all apartments. The exterior has received a 30-year pitched asphalt shingled roof, Andersen series 100 windows, and the brick was tuck-pointed. The units offer luxury vinyl plank flooring, LED lighting, Kohler plumbing fixtures, tiled shower surrounds, two panel shaker interior doors, and plush carpeting in the bedrooms. Brand new electrical, plumbing, and sprinkler systems installed. Sits on an oversized corner lot with 0.38+ acres and a freshly laid 12-stall parking lot for residents to enjoy. Walking distance to shops, restaurants, churches, and the entertaining Sheldon Theatre of performing arts!

PROPERTY FACTS:
Year Built: 1965
Years Renovated: 2025-2026
Units: 6 garden style apartments
Square Footage: Building total 8,400+ sqft
Zoning: Multiple-dwelling
Parking: 12 off-street parking spots
Exterior: All-brick and stone exterior
Heating: Individual electric furnaces / tenants pay their own unit heat
Air Conditioning: Central air conditioning units / tenants pay their own AC
Roof: Pitched roof new in 2025
Laundry: Each unit has a Whirlpool name brand stack Washer and Dryer unit / seller owned
Storage: There are extra rooms in the lower level for tenant storage lockers

UNIT DESCRIPTIONS:
1 – Three Bedroom, Two Bath – Approx. 1,015+ Sqft. / Average rent $2,100.00
1 – Three Bedroom, One Bath – Approx. 940+ Sqft. / Average rent $1,950.00
2 – Two Bedroom, One Bath – Approx. 560+ Sqft. / Average rent $1,650.00
2 – One Bedroom, One Bath – Approx. 445+ Sqft / Average rent $1,350.00

PROPERTY IMPROVEMENTS:
Hallways and common areas recently painted and carpeted (2025)

Newer hot water heaters (2025)

Brand new forced air furnaces and central AC (2025)

Exterior concrete steps and sidewalk (2026)

Brand new Andersen Series 100 double-hung windows throughout the building (2025)

Apartment entrance steel doors recently repainted

All six of the apartments have been totally renovated from top to bottom with newer luxury vinyl plank flooring (LVP), carpet in bedrooms, new trim and doors, drywall and fresh paint, new tiled bathrooms and vanities, new custom kitchen cabinets and quartz countertops, new light fixtures, new blinds, and stainless steel appliance package.

Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 7135020
  • Price: $1,290,000
  • Year Built: 1965
  • Listing Status: Active
  • Office Name: Apartment Cash Flow, Inc.
  • Roof: Asphalt,Age 8 Years or Less,Pitched
Features
  • Swimming Pool None
  • Heating System Heat Pump,Forced Air
  • Cooling System Central Air
  • Basement Full,Block,Unfinished
  • Fence Wood
  • Parking Parking Lot,Paved Lot
  • Utilities Electric Separate,Heating Separate,Hot Water Common
  • Window Features Double Pane Windows,ENERGY STAR Qualified Windows,Window Coverings
  • Exterior Features Stone
  • Flooring Carpet,Luxury Vinyl Plank
  • Sewer City Sewer/Connected
Appliances
  • Dishwasher
  • Dryer
  • Microwave
  • Refrigerator
  • Washer
  • Range
Address Map
  • Country US
  • State MN
  • County Goodhue
  • City Red Wing
  • Zipcode 55066
  • Street: 8th
  • Street Number: 480
  • Street Suffix: Street
  • Longitude: W93° 28' 8.5''
  • Latitude: N44° 33' 37''
  • Directions: From downtown Red Wing you go southeast to property / the property is a yellow brick 3-story on the corner of 8th street and East Ave
Neighborhood
  • High School District: Red Wing
MLS Addon
  • Office Name: Apartment Cash Flow, Inc.
Additional Information
  • Water Source: City Water/Connected
  • Accessibility Features: None
  • Building Size: 8400
  • Construction Materials: Brick,Concrete
  • Current Use: Residential
  • Foundation Details: Block,Brick/Mortar
  • Levels: Two
  • Lot Features: Corner Lot,Sod Included in Price
  • Lot Size Dimensions: 120 x 150
  • Number Of Units Total: 6
  • Possible Use: Office,Professional Service,Income
Financial
  • Tax Annual Amount: 8225
Listing Information
  • List Agent Mls Id: 506069385
  • List Office Mls Id: 27376
  • Modification Timestamp: 2026-08-29T02:24:06Z
  • Originating System Name: NorthStar
Mortgage Calculator
$
$ %
years
%
$ % per year
$ %per year
$