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$265,000 Just Listed

  • For Sale
  • Active
  • Triplex
  • 5 Beds
  • 3 Total Baths
  • 2,449 Sq. Ft.
  • Updated 2 days ago
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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.

Full Property Details for 402 W 7th St

General

  • Price: $265,000
  • Taxes: $3,776 (2025)
  • Status: Active
  • Type: Triplex
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7002412
  • Updated: 1/13/2026
  • Added to Site: 3 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 3

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Laundry: In Unit, In Unit

Additional Information

  • Shared Amenities: Porch

Exterior

  • Porch/Patio/Deck: Side Porch

Parking

  • Parking Features: On-Street Parking Only

Location

  • County: Goodhue
  • Township: Red Wing
  • Subdivision: City/Red Wing
  • Driving Directions: The property is located on the NW corner of W 7th St and Bush St in Downtown Red Wing.

School Information

  • School District: 1183 - Red Wing
  • High School District: Red Wing

Heating & Cooling

  • Heating Type: Boiler
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Basement: Yes
  • Basement Desc.: Owner Access, Partial, Unfinished
  • Foundation Size: 1502
  • Roof: Age Over 8 Years, Asphalt, Pitched
  • Disability Access: None
  • Square Feet: 2,449
  • Above Ground: 2,449 Sq. Ft.
  • Below Ground: 200 Sq. Ft.
  • Year Built: 1880

Unit Information

  • Units w/Refrigerators: 3

Lot Features

  • Lot Size (Acres): 0.1
  • Lot Dimensions: 60 x 76
  • Frontage: City Street, Curbs, Paved Streets, Sidewalks
  • Zoning: Residential-Multi-Family
  • Lot Description: Corner Lot

Financial Considerations

  • Operating Expenses: $19,380
  • Tax Amount: $3,776
  • Tax Year: 2025
  • Terms: Conventional, Cash
  • Owner Pays: Broadband, Electricity, Sewer, Water
  • Tenant Pays: Broadband, Electricity
  • Pays Electric: Tenant Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: ORIGINAL PLAT LOT-005 BLOCK-005 DOC#649793 SELY 75.94FT LOT 5 BLK 5 ID# 5-0050-04500
  • Property ID: 550050470

Listed by Draz Real Estate Inc.

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Listing agents

— 402 W 7th St —

  • Draz Real Estate Inc.

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 402 W 7th St

School District:Red Wing Public School District
NameGradesDistance
Sunnyside Elementary School, Red Wing, MN
1669 Southwood Avenue, Red Wing, MN 55066
K-21 mi
Twin Bluff Middle School
2120 Twin Bluff Road, Red Wing, MN 55066
5-71.4 mi
Burnside Elementary.
5001 Learning Lane, Red Wing, MN 55066
2-44.9 mi
Red Wing Senior High School
2451 Eagle Ridge Drive, Red Wing, MN 55066
8-122 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 402 W 7th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/12/2026
Listed
$265,000
56.11%
MLS
8/31/2018
Sold
$169,751
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 402 W 7th St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,776
—
$233,100
2%
2024
$3,776
8%
$229,000
7%
2023
$3,494
11%
$214,100
19%
2021
$3,158
-10%
$179,300
-16%
2023
$3,494
11%
$212,600
27%
2021
$3,158
15%
$167,500
16%
2020
$2,756
—
$144,400
—
2020
$2,756
36%
$143,900
28%
2018
$2,028
15%
$112,200
2%
2016
$1,764
—
$110,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Draz Real Estate Inc.

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402 W 7th Street, Red Wing, MN 55066 (MLS# 7002412) is a Triplex property with 5 bedrooms and 0 full bathrooms. 402 W 7th Street is currently listed for $265,000 and was received on January 12, 2026. Want to learn more about 402 W 7th Street? Do you have questions about finding other Triplex real estate for sale in Red Wing? You can browse all Red Wing real estate or contact a Coldwell Banker agent to request more information.

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