402 W 7th Street Red Wing, MN 55066

$265,000
Active
estimated monthly payment
5 Beds  |  3 Baths  |  2,449 Sq Ft  |  Triplex  |  MLS # 7002412
estimated monthly payment Active
  • Front/left side view of home. Door on the left leads to long term rental - Unit 2.
    Front/left side view of home. Door on the left leads to long term rental - Unit 2.
  • View as you enter fully furnished Short Term Rental unit - Unit 1.
    View as you enter fully furnished Short Term Rental unit - Unit 1.
  • Unit 1 - Living Room
    Unit 1 - Living Room
  • Unit 1 - Living Room
    Unit 1 - Living Room
  • Unit 1 - Living Room
    Unit 1 - Living Room
  • Unit 1 - Kitchen
    Unit 1 - Kitchen
  • Unit 1 - Walk out bay window
    Unit 1 - Walk out bay window
  • Unit 1 - Kitchen
    Unit 1 - Kitchen
  • Unit 1 - Kitchen
    Unit 1 - Kitchen
  • Unit 1 - Bedroom
    Unit 1 - Bedroom
  • Unit 1 - Bedroom
    Unit 1 - Bedroom
  • Unit 1 - Full Bath with tile surround in shower.
    Unit 1 - Full Bath with tile surround in shower.
  • Unit 1 - Interior view of bedroom .
    Unit 1 - Interior view of bedroom .
  • Unit 2 - Living Room
    Unit 2 - Living Room
  • Unit 2 - Kitchen - Door on right leads to bedroom.
    Unit 2 - Kitchen - Door on right leads to bedroom.
  • Unit 2 - Bedroom is behind kitchen.
    Unit 2 - Bedroom is behind kitchen.
  • Unit 2 - Full Bath and Laundry within - to the left of the living room.
    Unit 2 - Full Bath and Laundry within - to the left of the living room.
  • Unit 2 - Bedroom
    Unit 2 - Bedroom
  • Front/right side view of home. 7th Street runs to the left and Bush Street goes to the right.
    Front/right side view of home. 7th Street runs to the left and Bush Street goes to the right.
  • Back/right side view from Bush Street.
    Back/right side view from Bush Street.
  • 402 W 7th St - Main Level Floor Plans.jpg
    402 W 7th St - Main Level Floor Plans.jpg
  • 402 W 7th St - Upper Level Floor Plans.jpg
    402 W 7th St - Upper Level Floor Plans.jpg
  • Electric panels in basement for the 3 units. 100 amp service.
    Electric panels in basement for the 3 units. 100 amp service.
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About The Listing

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.


Listing courtesy of Neal Topliff, Draz Real Estate Inc.

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Property Details

Features

 
 
 
Property Type: Other
Status: Active
Contingency Type: None
Year Built: 1880
MLS #: 7002412
Bedrooms: 5
Square Feet: 2,449
Price Per Square Foot: $108
Garage Spaces: 0
Parking Description: On-Street Parking Only
Sewer Description: City Sewer/Connected
Water: City Water/Connected
Heat Type: Boiler
Basement: Owner Access, Partial, Unfinished
Roof Description: Age Over 8 Years, Asphalt, Pitched
Days On Market (Continuous): 0
Disability Features: None
Latest Update: 02/16/2026
List Date: 01/12/2026
Listing Agent ID: 506009284
Listing Office: Draz Real Estate Inc.
Listing Office ID: 27386
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Laundry Features: In Unit
Lot Dimensions: 60 x 76
Lot Size: 0.1 Acres
Lot Features: Corner Lot
School District: Red Wing
Tax Year: 2025
Estimated Taxes: $3,776
Contingency Type: None
City: Red Wing
Zip: 55066
County: Goodhue
Subdivision: City/Red Wing
State: MN

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