402 W 7th Street, Red Wing, MN 55066

Status: Off Market

3 units

2,449 sq ft

WELCOME HOME

Get to know this property.

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.

The details that matter.

General Info

General Property Information for 402 W 7th Street, Red Wing, MN 55066 - MLS# 7002412

Bedrooms and Bathrooms

Total Bedrooms:

Total Bathrooms:

Size and Multi Family Residence

Year Built:

1880

Type of Property:

Multi Family Residence

Style:

Triplex

Stories/Levels:

2 Story

Total SqFt:

2,449

Total Fnsh'd SqFt:

2,449

Above Ground SqFt:

2,449

Finished Above Grade:

2,449

Below Ground SqFt:

200

Finished Below Grade:

Garage Stalls:

Garage SqFt:

N/A

Main Floor SqFt:

1,529

Approx Lot Dimensions:

60 x 76

Approx Number of Acres:

0.1

Income and Expenses

Gross Income:

$41,911

Total Expenses:

Property Features

Unit Info

Owner and Association Info

Tax Info

School Info

Listing & Price History

A closer look at the location.

The property is located on the NW corner of W 7th St and Bush St in Downtown Red Wing.

The data relating to real estate for sale on this web site comes in part from the Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than MnRealtyCo, LLC are marked with the or the and detailed information about them includes the name of the listing brokers.

All information provided is deemed reliable, but is not guaranteed and should be independently verified.