402 W 7th Street, Red Wing, Minnesota 55066

MN, Red Wing
$265,000
  • 5 Beds
  • 3 Bath
  • Residential Income Property Type
  • 1880 Year Built
  • Active Status
See All 23 Photos
Kyle Synowczynski
Kyle Synowczynski
  • (612) 688-6065
  • Kyle@StoneArchRealty.com
Property Description

This triplex is a great investment opportunity! Unit 1 is located on the main level and it is used as a fully furnished Short Term Rental. This unit is warm and inviting and offers a bright living room, large kitchen with a walk-out bay window, and one spacious bedroom with an ensuite full bath that has a beautiful tile surround. Unit 2 is a Long Term Rental located on the main level and it features a large living room, 2 bedrooms, office, eat-in kitchen, full bath and an in unit washer and dryer. Unit 3 is located on the upper level and has a living room, kitchen, 2 bedrooms, walk-in closet, storage closet, laundry room and a full bath. Units 2 and 3 have Long Term Rental Licenses with the City of Red Wing and Unit 1 has a Short Term Rental License. The building last passed the City of Red Wing’s rental inspection in late 2025. In the last few years, the owners have added a whole house water softener, put in a new boiler that heats units 1 and 2, installed new water heaters in both Units 1 and 2, installed new flooring in the entryway and kitchen of Unit 1, and installed new flooring throughout Unit 3.

Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 7002412
  • Price: $265,000
  • Year Built: 1880
  • Listing Status: Active
  • Office Name: Draz Real Estate Inc.
  • Property Sub Type: Triplex
  • Roof: Asphalt,Pitched,Age Over 8 Years
Features
  • Heating System Boiler
  • Basement Partial,Unfinished,Owner Access
  • Parking On-Street Parking Only
  • Laundry Features In Unit
  • Sewer City Sewer/Connected
Address Map
  • Country US
  • State MN
  • County Goodhue
  • City Red Wing
  • Zipcode 55066
  • Street: 7th
  • Street Number: 402
  • Street Suffix: Street
  • Directions: The property is located on the NW corner of W 7th St and Bush St in Downtown Red Wing.
  • Street Dir Prefix: W
Neighborhood
  • High School District: Red Wing
MLS Addon
  • Office Name: Draz Real Estate Inc.
Additional Information
  • Water Source: City Water/Connected
  • Accessibility Features: None
  • Association Amenities: Porch
  • Electric: Circuit Breakers,100 Amp Service
  • Levels: Two
  • Lot Features: Corner Lot
  • Lot Size Dimensions: 60 x 76
  • Number Of Units Total: 3
Financial
  • Tax Annual Amount: 3776
Listing Information
  • Co List Agent Mls Id: 506019798
  • Co List Office Name: Draz Real Estate Inc.
  • List Agent Mls Id: 506009284
  • List Office Mls Id: 27386
  • Modification Timestamp: 2026-01-13T11:04:12Z
  • Originating System Name: NorthStar
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