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731 College Avenue Red Wing, MN $ 239,000
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$ 239,000 Get more info
731 College Avenue
$ 239,000
Back to search
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731 College Avenue

Red Wing, MN, 55066
$ 239,000
Bedrooms2 Baths2.0 Sq 1,600

Monthly Estimate*

$ 1,651

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Multi-Family Home for sale in Red Wing, MN

for $239,000 with 2 bedrooms and 2 full baths. This 1,600 square foot home was built in 1880 on a lot size of 0.2.

**Live in one, rent the other, and let rental income help pay your mortgage!** This move in ready duplex near downtown is ideal for first time buyers, multigenerational living, or beginner investors seeking a low maintenance income property. Updates include water heaters, newer upstairs A/C, updated kitchens and baths, and newer carpet in both units. Each unit features private laundry and all major appliances. With a strong rental history and consistent occupancy, this is an exciting opportunity to build equity while generating rental income!

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Multi-Family Active

Price

$ 239,000

Bedrooms

2

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,668

Style

Duplex Up and Down

Lot Size

0.2

Year Built

1880

Town/City

Red Wing

County/Region

Goodhue

MLS | Web ID

7073676
Features
General
Living Area 1600
Sewer City Sewer/Connected
Heating Forced Air
Roof Age 8 Years or Less
Garage Spaces 0
Year Built 1880
Tenant Pays See Remarks
Levels Two
Property Subtype Duplex Up and Down
Tax Year 2025
Gross Income 0
Accessibility None
County Goodhue
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
New Construction N
Property Type Residential Income
Contingency None
MaintenanceExpense 0
Subdivision Name Institute Add
Directions Hwy 61 S to West Ave right on West Ave to College Ave. right at top of hill u-turn back down hill. House on Right.
City Red Wing
High School District Red Wing
Number Of Units Total 2
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 2668
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Interior
Basement Block Partially Finished
Basement (Y/N) Y
Above Grade Finished Area 1050
Total Bedrooms 2
Below Grade Finished Area 550
Total Baths 2
Fuel Natural Gas
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Exterior
Parking Features Gravel
Water Source City Water/Connected
Lot Size Area 0.2
Building Area Total 1840
Lot Dimensions .2
Waterfront Y/N N
Foundation Area 800
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Internal Only
Street Number 1 731
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* Excluded Features
List By
Edina Realty, Inc.

Broker

andreajensen@edinarealty.com

Email

Affordability Calculator

$1,873
Per Month
88%
12%
0%
Monthly Principal & Interest
$1,651
Monthly Property Taxes
$222
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
708690 Elementary School
708379 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/29/2026$239,000 -2.45% Price Down
7/2/2026$245,000 -7.55% Price Down
5/22/2026$265,000 Listed Price

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731 College Avenue, Red Wing, MN, 55066 is a Multi-Family Home for sale at $239,000 with 1,600 sqft and a lot size of 0.2. 731 College Avenue has 2 bedrooms, 2.0 baths, and was built in 1880. The property's zip code is 55066 which is in Red Wing, MN

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