815 W 4th St
Description
Fully leased 5-plex in a desirable, walkable historic neighborhood just minutes from downtown and the Mississippi River. Property features 4 one-bedroom units and 1 studio, generating $5,075/month in gross rental income with continued upside potential. Recent improvements include updated interiors, flooring, paint, and major mechanicals: new boiler (2025), water heater (2020), and roof (2018)—helping minimize near-term capital expenses. Generous lot...Turnkey 5-Unit Investment Opportunity in Red Wing
Fully leased 5-plex in a desirable, walkable historic neighborhood just minutes from downtown and the Mississippi River. Property features 4 one-bedroom units and 1 studio, generating $5,075/month in gross rental income with continued upside potential. Recent improvements include updated interiors, flooring, paint, and major mechanicals: new boiler (2025), water heater (2020), and roof (2018)—helping minimize near-term capital expenses. Generous lot with on-site and street parking. Strong rental demand area with consistent occupancy—ideal for investors seeking a stable, income-producing asset with upside.
Property Details for 815 West 4th Street
Property Details for 815 West 4th Street
| Status | Active |
|---|---|
| MLS # | 7030253 |
| Days on Compass | 9 |
| Taxes | $4,206 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Property Type | Multi Family |
| MLS Type | Residential Income / Apartment |
| Year Built | 1880 |
| Lot Size | 0.23 AC / 10,018 SF |
| County | Goodhue County |
Location
Building Information for 815 West 4th Street
Payment Calculator
$2,314 per month
30 year fixed, 6.46% Interest
$1,963
$351
$0
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1Property Information for 815 West 4th Street
- City Name: Red Wing
- County Or Parish: Goodhue
- County: Goodhue-MN
- Directions: Main St to W Ave, R on 4th St, Property on Left
- Latitude: 44.561611
- Longitude: -92.538541
- Map Coordinate: 999-A1
- City and Location: Red Wing
- City and Location Text: Red Wing(MN)
- Postal Code: 55066
- State Or Province: MN
- Additional Parcels: No
- Parcel Number: 550051850
- Tax Annual Amount: $4,206.00
- Tax Legal Description: ORIGINAL PLAT DOC#650566 LOT 8 BLK 17 EX ELY 13FT; ELY 10FT LOT 9 ID# 5-0050-17800
- Tax Other Annual Assessment Amount: $.00
- Tax Year: 2025
- Tax With Assessments: 4206
- High School District: 256 - Red Wing
- School District Number: 256
- School District Phone: 6513854500
- Above Grade Fin SQFT: 2829.0
- Below Grade Fin SQFT: 0.0
- SQFT Total: 2829.0
- Lot Features: Irregular Lot, Tree Coverage - Light
- Lot Size Area: 0.23
- Lot Size Dimensions: .23 Acres
- Lot Size Units: Acres
- Present Use: Yearly
- Property Sub Type: Apartment
- Property Type: Residential Income
- SQFT Main Total: 1745
- Building Area Total: 3224.0
- Above Grade SqFt Total: 2829
- Below Grade SqFt Total: 395
- Electric: Circuit Breakers
- Sewer: City Sewer/Connected
- Water Source: City Water/Connected
- Accessibility Features: None
- Association Amenities: Porch
- Exterior Features: Metal
- Fencing: None
- Foundation Area: 395.0
- Foundation Details: Stone
- Fuel: Natural Gas
- Road Frontage Type: City Street
- Roof: Age 8 Years or Less, Asphalt
- Patio Porch Type: Porch
- Basement Type: Partial
- Bathrooms Total Count: 5
- Bedrooms Total: 5
- DP Resource: Yes
- Heating: Baseboard, Boiler, Radiant
- Laundry Features: None
- Levels: Two
- Number of Refrigerator: Five
- Basement YN: Yes
- Unit Appl: Range, Refrigerator
- Unit Bath 3Qtr: 1
- Unit Bath Description: Main Floor 3/4 Bath
- Unit Cool System: Window
- Unit Parking: 1
- Unit Rooms Total: 1
- Unit Type Baths Total: 1
- Unit Type Beds Total: 1
- Unit Type Units Total: 1
- Unit Is Leased: Y
- Unit Type Total Rent: 975
- Unit Appl: Range, Refrigerator
- Unit Bath Description: Main Floor Full Bath
- Unit Bath Full: 1
- Unit Cool System: Window
- Unit Fireplace Location: Living Room
- Unit Fireplace Num: 1
- Unit Parking: 1
- Unit Rooms Total: 4
- Unit Type Baths Total: 1
- Unit Type Beds Total: 1
- Unit Type Units Total: 1
- Unit Is Leased: Y
- Unit Type Total Rent: 1125
- Unit Appl: Range, Refrigerator
- Unit Bath Description: Main Floor Full Bath
- Unit Bath Full: 2
- Unit Cool System: Window
- Unit Parking: 2
- Unit Rooms Total: 8
- Unit Type Baths Total: 2
- Unit Type Beds Total: 2
- Unit Type Units Total: 1
- Unit Is Leased: Y
- Unit Type Total Rent: 2125
- Unit Appl: Range, Refrigerator
- Unit Bath Description: Main Floor Full Bath
- Unit Bath Full: 1
- Unit Cool System: Window
- Unit Parking: 1
- Unit Rooms Total: 4
- Unit Type Baths Total: 1
- Unit Type Beds Total: 1
- Unit Type Units Total: 1
- Unit Is Leased: Y
- Unit Type Total Rent: 1000
Property History for 815 West 4th Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Apr 24, 2026 | Price Change NorthStar #7030253 | $389,900 | — |
| Mar 5, 2026 | Price Change NorthStar #7030253 | $399,900 | — |
| Mar 5, 2026 | Listed (Active) NorthStar #7030253 | — | |
| Feb 3, 2026 | Off Market NorthStar #6803774 | — | |
| Jan 13, 2026 | Price Change NorthStar #6803774 | $415,000 | — |
| Dec 19, 2025 | Price Change NorthStar #6803774 | $424,900 | — |
| Nov 18, 2025 | Price Change NorthStar #6803774 | $449,000 | — |
| Nov 6, 2025 | Price Change NorthStar #6803774 | $455,000 | — |
| Oct 30, 2025 | Price Change NorthStar #6803774 | $474,900 | — |
| Oct 15, 2025 | Price Change NorthStar #6803774 | $490,000 | — |
| Oct 15, 2025 | Listed (Active) NorthStar #6803774 | — | |
| May 6, 2025 | Sold NorthStar #6155049 | — | |
| May 19, 2023 | Sold (Public Record) Public Record #1511529635 | $372,000 | +6.0% / yr |
| May 19, 2023 | Sold NorthStar #6326283 | $372,000 | — |
| Apr 26, 2023 | Pending NorthStar #6326283 | — | |
| Mar 27, 2023 | In Contract NorthStar #6326283 | — | |
| Jan 24, 2023 | Listed (Active) NorthStar #6326283 | $399,900 | — |
| May 9, 2022 | Pending NorthStar #6155049 | — | |
| Apr 29, 2022 | Sold (Public Record) Public Record #1489621714 | $350,000 | — |
| Apr 28, 2022 | Sold NorthStar #6155049 | $349,000 | — |
| Feb 18, 2022 | Listed (Active) NorthStar #6155049 | $379,000 | — |
| Oct 2, 2018 | Sold NorthStar #4991384 | $110,000 | — |
| Sep 5, 2018 | Pending NorthStar #4991384 | — | |
| Aug 13, 2018 | Listed (Active) NorthStar #4991384 | $159,850 | — |
| Oct 8, 1998 | Off Market NorthStar #1303203 | — | |
| Oct 8, 1997 | Listed (Active) NorthStar #1303203 | $119,900 | — |
| Date | Event & Source | Price |
|---|---|---|
| 04/24/2026 | Price Change NorthStar #7030253 | $389,900 |
| 03/05/2026 | Price Change NorthStar #7030253 | $399,900 |
| 03/05/2026 | Listed (Active) NorthStar #7030253 | — |
| 02/03/2026 | Off Market NorthStar #6803774 | — |
| 01/13/2026 | Price Change NorthStar #6803774 | $415,000 |
| 12/19/2025 | Price Change NorthStar #6803774 | $424,900 |
| 11/18/2025 | Price Change NorthStar #6803774 | $449,000 |
| 11/06/2025 | Price Change NorthStar #6803774 | $455,000 |
| 10/30/2025 | Price Change NorthStar #6803774 | $474,900 |
| 10/15/2025 | Price Change NorthStar #6803774 | $490,000 |
| 10/15/2025 | Listed (Active) NorthStar #6803774 | — |
| 05/06/2025 | Sold NorthStar #6155049 | — |
| 05/19/2023 | Sold (Public Record) Public Record #1511529635 | $372,000 +6.0% / yr |
| 05/19/2023 | Sold NorthStar #6326283 | $372,000 |
| 04/26/2023 | Pending NorthStar #6326283 | — |
| 03/27/2023 | In Contract NorthStar #6326283 | — |
| 01/24/2023 | Listed (Active) NorthStar #6326283 | $399,900 |
| 05/09/2022 | Pending NorthStar #6155049 | — |
| 04/29/2022 | Sold (Public Record) Public Record #1489621714 | $350,000 |
| 04/28/2022 | Sold NorthStar #6155049 | $349,000 |
| 02/18/2022 | Listed (Active) NorthStar #6155049 | $379,000 |
| 10/02/2018 | Sold NorthStar #4991384 | $110,000 |
| 09/05/2018 | Pending NorthStar #4991384 | — |
| 08/13/2018 | Listed (Active) NorthStar #4991384 | $159,850 |
| 10/08/1998 | Off Market NorthStar #1303203 | — |
| 10/08/1997 | Listed (Active) NorthStar #1303203 | $119,900 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 815 West 4th Street
Schools near 815 West 4th Street
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.
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Based on information submitted to the MLS GRID as of 04/24/2026 02:45 PM. 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.
