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.
Closed
$266,000
402 W 7th St, Red Wing, MN 55066
5beds
3baths
2,649sqft
Triplex
Built in 1880
-- sqft lot
$264,500 Zestimate®
$100/sqft
$1,561 Estimated rent
Home value
$264,500
$222,000 - $315,000
$1,561/mo
Zestimate® history
Owner options
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$1,561/mo
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$1,561/mo
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$1,689/mo
Est. payment
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$1,689/mo
Est. payment
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Storage closetEat-in kitchenLaundry roomWalk-in closet
Zillow last checked:
Listing updated:
Listed by:
Neal Topliff 651-380-4636,
Draz Real Estate Inc.,
Beth Topliff 651-380-0612
Bought with:
NON-RMLS
Non-MLS
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7002412
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Boiler
Appliances
- Laundry: In Unit
Features
- Basement: Owner Access,Partial,Unfinished
Interior area
- Total structure area: 2,649
- Total interior livable area: 2,649 sqft
- Finished area above ground: 2,449
- Finished area below ground: 0
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Patio & porch: Side Porch
Lot
- Size: 4,356 Square Feet
- Dimensions: 60 x 76
- Features: Corner Lot
- Topography: Level
Details
- Foundation area: 1502
- Parcel number: 550050470
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Roof: Age Over 8 Years,Asphalt,Pitched
Condition
- New construction: No
- Year built: 1880
Utilities & green energy
- Electric: Circuit Breakers, 100 Amp Service, Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: City/Red Wing
HOA
- Amenities included: Porch
Location
- Region: Red Wing
Financial & listing details
- Price per square foot: $100/sqft
- Tax assessed value: $233,100
- Annual tax amount: $3,776
- Date on market: 3/20/2026
- Cumulative days on market: 60 days
- Tenant pays: Broadband, Electricity
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/1/2026 | Sold | $266,000+0.4%$100/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7002412 Report a problem | ||
| 3/31/2026 | Pending sale | $265,000$100/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7002412 Report a problem | ||
| 3/20/2026 | Listed for sale | $265,000$100/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7002412 Report a problem | ||
| 3/3/2026 | Listing removed | $265,000$100/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7002412 Report a problem | ||
| 1/12/2026 | Listed for sale | $265,000+56.1%$100/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7002412 Report a problem | ||
| 8/31/2018 | Sold | $169,750-3%$64/sqft |
Source: NorthstarMLS as distributed by MLS GRID #4885181 Report a problem | ||
| 8/14/2018 | Pending sale | $175,000$66/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4885181 Report a problem | ||
| 4/30/2018 | Listed for sale | $175,000$66/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4885181 Report a problem | ||
| 4/16/2018 | Pending sale | $175,000$66/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4885181 Report a problem | ||
| 10/17/2017 | Listed for sale | $175,000+98.9%$66/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4885181 Report a problem | ||
| 9/8/2015 | Sold | $88,000-7.4%$33/sqft |
Source: Public Record Report a problem | ||
| 9/6/2007 | Sold | $95,000+4.4%$36/sqft |
Source: Public Record Report a problem | ||
| 2/5/2001 | Sold | $91,000+31.9%$34/sqft |
Source: Public Record Report a problem | ||
| 3/29/1999 | Sold | $69,000$26/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,776 +3.8% | $233,100 +1.8% |
| 2024 | $3,638 +4.1% | $229,000 +7% |
| 2023 | $3,494 +7.5% | $214,100 +0.7% |
| 2022 | $3,250 +2.9% | $212,600 +18.6% |
| 2021 | $3,158 +14.6% | $179,300 +7% |
| 2020 | $2,756 | $167,500 +16% |
| 2019 | $2,756 | $144,400 +0.3% |
| 2018 | $2,756 +35.9% | $143,900 +28.3% |
| 2017 | $2,028 +15% | $112,200 +1.7% |
| 2016 | $1,764 | $110,300 +6.5% |
| 2015 | $1,764 | $103,600 +20.9% |
| 2014 | $1,764 +12.5% | $85,700 -5.5% |
| 2013 | $1,568 -6% | $90,700 -0.8% |
| 2012 | $1,668 +9.3% | $91,400 -0.2% |
| 2011 | $1,526 -8.8% | $91,600 -7.1% |
| 2010 | $1,674 +4.4% | $98,600 +3.6% |
| 2009 | $1,604 +69.2% | $95,200 |
| 2008 | $948 -0.4% | $95,200 |
| 2007 | $952 -4.4% | -- |
| 2006 | $996 -5.9% | -- |
| 2005 | $1,058 -31.8% | -- |
| 2004 | $1,552 | -- |
Find assessor info on the county website
Neighborhood: 55066
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Nearby schools
GreatSchools rating
- NASunnyside Elementary SchoolGrades: K-1Distance: 1 mi
- 5/10Twin Bluff Middle SchoolGrades: 5-7Distance: 1.4 mi
- 7/10Red Wing Senior High SchoolGrades: 8-12Distance: 2 mi
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Estimated market value
$264,500
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Estimated market value
$264,500
- Minnesota
- Goodhue County
- Red Wing
- 55066
- 402 W 7th St
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