402 W 7th Street, Red Wing, MN 55066

$266,000
5
BD
3
BA
2,449
SqFt

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Sold Price
$266,000
List Price
$265,000
Closing Date
May 01, 2026
MLS#
7002412
Status
CLOSED
Type
Multifamily
Style
(MF) Triplex
Bedrooms
5
Bathrooms
3
Living Area
2,449
Acres
0.10
Subdivision
City/Red Wing
Year Built
1880

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.

Additional Information

School District
Red Wing
Amenities Shared
Porch
Tax Year
2025
Fuel
Natural Gas
Lot Description
Corner Lot
Sewer
City Sewer/Connected
Roof
Age Over 8 Years, Asphalt, Pitched
Topography
Level
Heating
Boiler
Water
City Water/Connected
Basement
Owner Access, Partial, Unfinished
Parking
On-Street Parking Only

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Listing courtesy of Draz Real Estate Inc..

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