427 Jefferson Street Red Wing, MN $ 225,000
427 Jefferson Street
$ 225,000
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427 Jefferson Street

Red Wing, MN, 55066
$ 225,000
Bedrooms4 Baths2.0 Sq 1,676

Monthly Estimate*

$ 1,554

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Multi-Family Home for sale in Red Wing, MN

for $225,000 with 4 bedrooms and 2 full baths. This 1,676 square foot home was built in 1890 on a lot size of 0.14.

With its desirable residential location, an updated unit, and established rental income, this duplex is a fantastic investment opportunity! The W 5th Street-side unit has been completely updaated, featuring fresh paint, new flooring, updated appliances, added central AC, and a bright, open-concept living room with a large picture window that fills the space with natural light. The brand-new kitchen boasts modern appliances and a beautiful butcher-block island, while a versatile bonus room with laundry offers the perfect space for a home office, den, or small bedroom. Upstairs, you'll find two spacious bedrooms and a brand-new full bathroom. The current lease for this unit runs through June 2027. The Jefferson Street-side unit features a living room, informal dining area, and eat-in kitchen on the main level. Upstairs, you'll find a bedroom and a 3/4 bathroom. This unit is on a month-to-month lease. Both units are currently rented, providing immediate rental income. Both also feature unfinished basements for extra storage, and tenants pay their own gas and electric. Outside, enjoy the shared L-shaped front porch, a backyard and side yard, plus a detached two-car garage and gravel driveway offering convenient off-street parking.

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Multi-Family Active

Price

$ 225,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,932

Style

Duplex Side by Side

Lot Size

0.14

Year Built

1890

Town/City

Red Wing

County/Region

Goodhue

MLS | Web ID

7158553

Features
General
Living Area 1676
Sewer City Sewer/Connected
Heating Forced Air
Roof Asphalt
Garage Spaces 2
Year Built 1890
Tenant Pays Electricity Gas
Levels One and One Half
Property Subtype Duplex Side by Side
Tax Year 2026
Gross Income 30000
Accessibility None
County Goodhue
Net Operating Income 27600
Operating Expense 2400
Insurance Expense 0
New Construction N
Property Type Residential Income
Contingency None
MaintenanceExpense 0
Subdivision Name Sweneys Add
Directions From Downtown Red Wing go NW on W 4th St to Jefferson St. Go SW on Jefferson St to the property.
City Red Wing
High School District Red Wing
Zoning Description Residential-Multi-Family
Number Of Units Total 2
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 2932
Electric Expense 0
Fuel Expense 0
Trash Expense 720
Water Sewer Expense 1680
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Interior
Basement Unfinished
Basement (Y/N) Y
Above Grade Finished Area 1676
Laundry Features In Unit
Total Bedrooms 4
Below Grade Finished Area 0
Total Baths 2
Foundation Dimensions Irregular
Fuel Natural Gas
Garage Dimensions 20x24
Garage Square Feet 480
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Exterior
Parking Features Detached Garage Gravel
Water Source City Water/Connected
Lot Size Area 0.14
Building Area Total 2657
Lot Dimensions 60x100
Waterfront Y/N N
Foundation Area 981
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 427
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* Excluded Features
List By
Red Wing Homes For Sale

Broker

John@RedWingHomesForSale.com

Email

Affordability Calculator

$1,798
Per Month
86%
14%
0%
Monthly Principal & Interest
$1,554
Monthly Property Taxes
$244
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
Pricing History
DatePricePrice ChangeDescription
10/22/2026$225,000 Listed Price

Map


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427 Jefferson Street, Red Wing, MN, 55066 is a Multi-Family Home for sale at $225,000 with 1,676 sqft and a lot size of 0.14. 427 Jefferson Street has 4 bedrooms, 2.0 baths, and was built in 1890. The property's zip code is 55066 which is in Red Wing, MN