504 Buchanan St

Red Wing, MN 55066

$470,000
Price
4
Beds
4
Baths
2,764 Sq. Ft.
$170 / Sq. Ft.
2,764
Sq. Ft.
$170
per Sq. Ft.

Description

This updated 4 plex is ready for its next owner, offering three solid long-term units and one thriving short-term rental. Tenants appreciate the off-street parking, curb appeal, and the unbeatable location near a neighborhood grocery and a short walk downtown. With smart updates already completed, the property delivers strong income potential and low stress ownership, and it sets up well for house hacking or flexible generational living with separate private units. The seller will consider reasonable...This updated 4 plex is ready for its next owner, offering three solid long-term units and one thriving short-term rental. Tenants appreciate the off-street parking, curb appeal, and the unbeatable location near a neighborhood grocery and a short walk downtown. With smart updates already completed, the property delivers strong income potential and low stress ownership, and it sets up well for house hacking or flexible generational living with separate private units. The seller will consider reasonable offers, making this an excellent opportunity for buyers seeking value and versatility.
  1. Listed by Edina Realty, Inc.
  2. Listed by Edina Realty, Inc.

Property Details for 504 Buchanan Street

Subdivision Name
E&R B 11 W Ext Swen
Zoning Jurisdiction
Residential-Multi-Family
LISTING UPDATED: 12/12/2025 01:00 PM

Property Details for 504 Buchanan Street

StatusActive
MLS #6718428
Days on Compass7
Taxes$3,834 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1890
Lot Size0.24 AC / 10,454 SF
CountyGoodhue County

Location

Listing Courtesy of Edina Realty, Inc.
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Building Information for 504 Buchanan Street

Stories-Residences4Year Built1890Building Size-Lot Size0.24 AC / 10,454 SF

Payment Calculator

$2,642 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,322

Property Taxes

$320

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 504 Buchanan Street

Summary
Location and General Information
  • City Name: Red Wing
  • County Or Parish: Goodhue
  • County: Goodhue-MN
  • Directions: West 4th to right on Buchanan property is on left
  • Latitude: 44.560081
  • Longitude: -92.552247
  • 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: 551600080
  • Tax Annual Amount: $3,834.00
  • Tax Legal Description: E&R B 11 W EXT SWEN DOC#665166 NLY 90FT LOTS 7 & 8 ID# 5-0680-00800
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2025
  • Tax With Assessments: 3834
School Information
  • High School District: 1183 - Red Wing
  • School District Number: 1183
  • School District Phone: 6513854500
Property
Lot Information
  • Above Grade Fin SQFT: 2764.0
  • Below Grade Fin SQFT: 0.0
  • SQFT Total: 2764.0
  • Living Area Units: Square Feet
  • Lot Features: Corner Lot, Tree Coverage - Light
  • Lot Size Area: 0.24
  • Lot Size Dimensions: 90x121
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • SQFT Main Total: 1382
  • Above Grade SqFt Total: 2764
  • Below Grade SqFt Total: 800
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
  • Fencing: None
  • Foundation Area: 1382.0
  • Fuel: Natural Gas
  • Pool Features: None
  • Road Frontage Type: Paved Streets, Sidewalks
  • Roof: Age Over 8 Years, Asphalt
Interior Features
  • Basement Type: Partial, Walkout
  • Bathrooms Total Count: 4
  • Bedrooms Total: 4
  • DP Resource: Yes
  • Heating: Ductless Mini-Split, Forced Air
  • Levels: Two
  • Number of Refrigerator: One Per Unit
  • Basement YN: Yes
Multi Family
Unit 1
  • Unit Bath 3Qtr: 1
  • Unit Rooms Total: 3
  • Unit SqFt: 744
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Units Total: 1
  • Unit Is Leased: Y
  • Unit Level: 2nd Level
  • Unit Type Total Rent: 1100
  • Unit Furnished: Unfurnished
Unit 2
  • Unit Bath 3Qtr: 1
  • Unit Rooms Total: 4
  • Unit SqFt: 575
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Units Total: 1
  • Unit Is Leased: N
  • Unit Level: 2nd Level
  • Unit Type Total Rent: 0
Unit 3
  • Unit Bath Full: 1
  • Unit Rooms Total: 4
  • Unit SqFt: 744
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Units Total: 1
  • Unit Is Leased: Y
  • Unit Type Total Rent: 953
  • Unit Furnished: Unfurnished
Unit 4
  • Unit Bath Full: 1
  • Unit Rooms Total: 3
  • Unit SqFt: 701
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Units Total: 1
  • Unit Is Leased: Y
  • Unit Level: Main Level
  • Unit Type Total Rent: 806
  • Unit Furnished: Unfurnished

Property History for 504 Buchanan Street

DateEvent & SourcePriceAppreciation
Aug 15, 2025

Listed (Active)

NorthStar #6718428

—
Aug 8, 2025

In Contract

NorthStar #6718428

—
May 15, 2025

Listed (Active)

NorthStar #6718428

—
Jun 30, 2020

Sold

NorthStar #5572540

$199,500—
Jun 12, 2020

Pending

NorthStar #5572540

—
May 26, 2020

Listed (Active)

NorthStar #5572540

$209,900—
DateEvent & SourcePrice
08/15/2025

Listed (Active)

NorthStar #6718428

—
08/08/2025

In Contract

NorthStar #6718428

—
05/15/2025

Listed (Active)

NorthStar #6718428

—
06/30/2020

Sold

NorthStar #5572540

$199,500
06/12/2020

Pending

NorthStar #5572540

—
05/26/2020

Listed (Active)

NorthStar #5572540

$209,900

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

Schools near 504 Buchanan Street

This home is within Red Wing Public School District.
Rating
School
Type
Grades
Distance
Sunnyside Elementary School
Public - K to 1
Burnside Elementary.
Public - 2 to 4
Twin Bluff Middle School
Public - 5 to 7
Red Wing Senior High School
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.

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More information about 504 Buchanan Street, Red Wing, MN 55066

504 Buchanan Street is a multi-family home for sale in Red Wing, MN 55066. This property was listed for sale on May 15, 2025 by Edina Realty, Inc., it's currently listed at $470,000. It has been on the market for a total of 7 days and was last sold on June 30, 2020. This listing's school district is Red Wing Public School District. Nearby schools include Sunnyside Elementary School, Burnside Elementary. and Twin Bluff Middle School. 504 Buchanan Street is a 4-bed, 4-bath, 2,764 sqft multi-family home built in 1890.

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 Edina Realty, Inc.

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/20/2025 02:02 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.