402 W 7th St

3
Baths
2,449 Sq. Ft.
$108 / Sq. Ft.
2,449
Sq. Ft.
$108
per Sq. Ft.

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....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.
  1. Listed by Draz Real Estate Inc.
  2. Listed by Draz Real Estate Inc.

Property Details for 402 West 7th Street

Subdivision Name
City/Red Wing
Zoning Jurisdiction
Residential-Multi-Family
LISTING UPDATED: 01/13/2026 05:04 AM

Property Details for 402 West 7th Street

StatusActive
MLS #7002412
Days on Compass19
Taxes$3,776 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1880
Lot Size0.10 AC / 4,356 SF
CountyGoodhue County

Location

Listing Courtesy of Draz Real Estate Inc.
Add your commute

Building Information for 402 West 7th Street

Stories-Residences3Year Built1880Building Size-Lot Size0.10 AC / 4,356 SF

Payment Calculator

$1,606 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,292

Property Taxes

$315

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 402 West 7th Street

Summary
Location and General Information
  • City Name: Red Wing
  • County Or Parish: Goodhue
  • County: Goodhue-MN
  • Directions: The property is located on the NW corner of W 7th St and Bush St in Downtown Red Wing.
  • Latitude: 44.562423
  • Longitude: -92.530089
  • Map Coordinate: 999-A1
  • City and Location: Red Wing
  • City and Location Text: Red Wing(MN)
  • Postal Code: 55066
  • State Or Province: MN
  • Topography: Level
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 550050470
  • Tax Annual Amount: $3,776.00
  • Tax Legal Description: ORIGINAL PLAT LOT-005 BLOCK-005 DOC#649793 SELY 75.94FT LOT 5 BLK 5 ID# 5-0050-04500
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2025
  • Tax With Assessments: 3776
School Information
  • High School District: 1183 - Red Wing
  • School District Number: 1183
  • School District Phone: 6513854500
Property
Lot Information
  • Above Grade Fin SQFT: 2449.0
  • Below Grade Fin SQFT: 0.0
  • SQFT Total: 2449.0
  • Living Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Area: 0.1
  • Lot Size Dimensions: 60 x 76
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • SQFT Main Total: 1529
  • Above Grade SqFt Total: 2449
  • Below Grade SqFt Total: 200
Utilities
  • Electric: Circuit Breakers, 100 Amp Service
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Association Amenities: Porch
  • Foundation Area: 1502.0
  • Fuel: Natural Gas
  • Road Frontage Type: City Street, Curbs, Paved Streets, Sidewalks
  • Road Responsibility: Public Maintained Road
  • Roof: Age Over 8 Years, Asphalt, Pitched
  • Patio Porch Type: Side Porch
Interior Features
  • Basement Type: Owner Access, Partial, Unfinished
  • Bathrooms Total Count: 3
  • Bedrooms Total: 5
  • DP Resource: Yes
  • Heating: Boiler
  • Laundry Features: In Unit
  • Levels: Two
  • Number of Refrigerator: Three
  • Basement YN: Yes
Multi Family
Unit 1
  • Unit Amenities: Kitchen Window, Tile Floors
  • Unit Appl: Microwave, Range, Refrigerator
  • Unit Bath Description: Main Floor Full Bath
  • Unit Bath Full: 1
  • Unit Cool System: Window
  • Unit Monthly Expenses: 287
  • Unit Rooms Total: 4
  • Unit SqFt: 707
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Units Total: 1
  • Dining Room Description: Eat In Kitchen
  • Unit Is Leased: N
  • Unit Level: Main Level
  • Unit Type Total Rent: 1200
  • Unit Furnished: Furnished
Unit 2
  • Unit Amenities: Ceiling Fan(s), Kitchen Window, Tile Floors
  • Unit Appl: Dryer, Range, Refrigerator, Washer
  • Unit Bath Description: Main Floor Full Bath
  • Unit Bath Full: 1
  • Unit Cool System: Window
  • Unit Monthly Expenses: 140
  • Unit Rooms Total: 7
  • Unit SqFt: 822
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Units Total: 1
  • Dining Room Description: Eat In Kitchen
  • Unit Is Leased: Y
  • Unit Level: Main Level
  • Unit Type Total Rent: 1300
  • Unit Furnished: Unfurnished
Unit 3
  • Unit Amenities: Ceiling Fan(s), Kitchen Window, Tile Floors, Walk-In Closet
  • Unit Appl: Dryer, Water Heater - Electric, Exhaust Fan/Hood, Range, Refrigerator, Washer
  • Unit Bath Description: Upper Level Full Bath
  • Unit Bath Full: 1
  • Unit Cool System: Window
  • Unit Monthly Expenses: 140
  • Unit Rooms Total: 8
  • Unit SqFt: 920
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Units Total: 1
  • Dining Room Description: Living/Dining Room
  • Unit Is Leased: Y
  • Unit Level: 2nd Level
  • Unit Type Total Rent: 1000
  • Unit Furnished: Unfurnished

Property History for 402 West 7th Street

DateEvent & SourcePriceAppreciation
Jan 12, 2026

Listed (Active)

NorthStar #7002412

$265,000—
Aug 31, 2018

Sold (Public Record)

Public Record #1297033733

$169,751

+24.5% / yr

Aug 31, 2018

Sold

NorthStar #4885181

$169,750—
Aug 14, 2018

Pending

NorthStar #4885181

—
Oct 16, 2017

Listed (Active)

NorthStar #4885181

$175,000—
Sep 1, 2015

Sold (Public Record)

Public Record #1146221670

$88,000

-1.0% / yr

Aug 31, 2007

Sold (Public Record)

Public Record #1102864036

$95,000—
DateEvent & SourcePrice
01/12/2026

Listed (Active)

NorthStar #7002412

$265,000
08/31/2018

Sold (Public Record)

Public Record #1297033733

$169,751

+24.5% / yr

08/31/2018

Sold

NorthStar #4885181

$169,750
08/14/2018

Pending

NorthStar #4885181

—
10/16/2017

Listed (Active)

NorthStar #4885181

$175,000
09/01/2015

Sold (Public Record)

Public Record #1146221670

$88,000

-1.0% / yr

08/31/2007

Sold (Public Record)

Public Record #1102864036

$95,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 402 West 7th Street

Taxable ValueLand$25,900Additions$207,200Total$233,100
Tax Record2024$3,776 ($315 / month)
Home Facts
Baths3Total Finished SqFt2,449 SqFtAbove Grade Finished SqFt2,449 SqFtStories2StyleDuplexYear Built1880CountyGOODHUEAPN55.005.0470

Schools near 402 West 7th Street

This home is within Red Wing Public School District.
Rating
School
Type
Grades
Distance
Public - K to 1
Public - 2 to 4
Public - 5 to 7
Public - 8 to 12
Rating
School
Distance
Sunnyside Elementary School
PublicK to 1

Burnside Elementary.
Public2 to 4

Twin Bluff Middle School
Public5 to 7

Red Wing Senior High School
Public8 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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402 West 7th Street is a multi-family home for sale in Red Wing, MN 55066. This property was listed for sale on January 12, 2026 by Draz Real Estate Inc., it's currently listed at $265,000. It has been on the market for a total of 19 days and was last sold on August 31, 2018. This listing's school district is Red Wing Public School District. Nearby schools include Sunnyside Elementary School, Burnside Elementary. and Twin Bluff Middle School. 402 West 7th Street is a 5-bed, 3-bath, 2,449 sqft multi-family home built in 1880.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Draz Real Estate Inc.

Based on information submitted to the MLS GRID as of 01/13/2026 05:04 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.