For Sale: Red Wing MLS# 6820761
Active
$224,900
Multi-family: Triplex
3 br • 3 ba • Built 1880
2,139 sqft • 0.11 acres
MLS# 6820761
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Property Description
3 multi-family dwellings available
1528 W. 6th Triplex $374, 900
1227 W. 4th Duplex $265, 000
103 W. 6th Triplex $224, 900
Showings can be scheduled only on Mondays, Wednesdays, and Saturdays from 9AM-6PM
*** THE SELLER IS OFFERING A PACKAGE DEAL IF ALL 3 DWELLINGS ARE PURCHASED TOGETHER *** Please call for details and pricing.***
A rare opportunity for an Investor to expand or begin their Real Estate portfolio. A unique river City with 3 unique, multifamily properties featuring a total of 13 bedrooms and 9 baths spread over 3 pre–1900s, marketable properties. Two separate triplexes and a duplex. Sold as a package deal or 3 individual opportunities. 1528 W. 6th St. (triplex) $374, 900, 1227 W. 4th St. (duplex) $265, 000, 103 W. 6th St. (triplex) $224, 900.
----------------- Triplex 103 W. 6th has 3 separate, 1-bedroom units featuring all the comforts of home. Corner lot in a convenient lower town location - within walking distance to Downtown Red Wing and the numerous amenities offered within - shopping, dining, entertainment, to name but a few. With current rents ranging from $ 650 to $ 800 per apartment, positive cash flow is easily attainable.
TRIPLEX – 103 W. 6TH
*Unit 1 is on the main level and is a 1-bedroom, 1 full bathroom, family room, kitchen and a office area off the kitchen. (Approx. 789 square feet)
*Unit 2 is on the upper level and is a 1-bedroom, 1 full bathroom, family room, and a kitchen. (Approx. 726 square feet)
*Unit 3 is on slab on the right of the home. This unit is a 1-bedroom, 1 full bathroom and a kitchen and family room. (Approx. 505 square feet)
The basement can be accessed by all 3 units, and the laundry is plumbed for a washer and a dryer.
Roof replaced Jun 2010
Furnace #1 replaced Jan 2013
Furnace #2 replaced Nov 2020
Furnace #3 replaced Oct 2017
Water Heater #2 replaced Mar 2023
#1 Rent - $800 plus electric/gas
#2 Rent - $650 plus electric/gas
#3 Rent - $650 plus electric/gas
Furnaces were just serviced in November 2025
Listing
Listing Status:
Active
Contingency:
None
List Price:
$224,900
Price per sq ft:
$105
Property Type:
Multi-family
City:
Red Wing
Garage Spaces:
0
County:
Goodhue
Year Built:
1880
State:
MN
Property Style:
Triplex
Zip Code:
55066
Subdivision Name:
City/Red Wing
Interior
Bedrooms:
3
Bathrooms:
3
Finished Area:
2,139 ft2
Living Area:
2,139 ft2
Refrigerators:
Three
Basement Details:
Partial
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,414 ft2
Foundation Dimensions:
0
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Gravel
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Exterior Material:
Frame
Roof Details:
- Age Over 8 Years
- Asphalt
- Pitched
Lot & Land
Acres:
0.11
Geolocation:
44.56518, -92.527813
Lot Dimensions:
82 x 60
Zoning:
Residential-Multi-Family
Lot Description:
- Corner Lot
- Tree Coverage - Light
Farm
Topography:
Gently Rolling
Schools
School District:
1183
District Phone:
6513854500
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$981
Annual Maintenance Expense:
$1,200
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$3,520
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$2,025
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,025
Income
Annual Gross Income:
$25,200
Rent
Annual Net Income:
$18,259
Units
Total Units:
3
Miscellaneous
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
- City Sewer - In Street
- City Sewer/Connected
Water System:
- City Water - In Street
- City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
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Listing provided by RMLS,
courtesy of Coldwell Banker Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.