731 College Avenue, Red Wing, MN 55066 (MLS# 7073676)

731 College Avenue, Red Wing, MN 55066

$239,000
Property Type: Multi-Family Bedrooms: 2 Baths: 2 Square Footage: 1,840 Lot Size (sq. ft.): 8,712 Status: Active
Current Price: $239,000 List Date: 5/26/2026 Last Modified: 10/14/2026

Overview

Description

**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!

Listing Details MLS# 7073676

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1880
Yearly/Seasonal
Yearly
Main Floor Total SqFt
600
Above Ground SqFt
1050
Below Grd Total SqFt
790
Total SqFt
1840
Foundation Size
800
Style
(MF) Duplex Up and Down
Total Finished Sqft
1600.00
Lot Dimensions
.2
Acres
0.2
Assessment Pending
No

Property Features

Accessible: None Basement: Concrete Block; Partially Finished Construction Status: Previously Owned Existing Financing: Free and Clear Exterior: Wood Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Owner Pays: See Remarks Roof: Age 8 Years or Less Sewer: City Sewer/Connected Stories: Two Tenant Pays: See Remarks Unit 1 Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Unit 1 Bath Description: Upper Level 3/4 Bath Unit 1 Cooling: Wall Unit 1 Dining Room Description: Eat In Kitchen; Living/Dining Room Unit 1 Special Search: Main Floor Laundry Unit 2 Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Unit 2 Bath Description: Main Floor 3/4 Bath Unit 2 Cooling: Window Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
265000
ListPrice
239000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
731
Street Name
College
Street Suffix
Avenue
Postal City
Red Wing
County
Goodhue
State
MN
Zip Code
55066
Complex/Dev/Subdivision
Institute Add

Assessments

Tax With Assessments
2668

Building Information

Finished SqFt Above Ground
1050
Finished SqFt Below Ground
550

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Unit 1

Furnished?
No
Leased?
Yes
Level
Main Level
Unit Number
Yes
3/4 Baths
Yes
Annual Rent
12180
Finished SqFt
1050
Monthly Rent
1015
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
5

Unit 2

Furnished?
No
Leased?
Yes
Level
Below Ground
Unit Number
2
3/4 Baths
Yes
Annual Rent
11970
Finished SqFt
550
Monthly Rent
997
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
4

Unit Details

Total Units
2
IDX
Listing Office: Edina Realty, Inc.
Last Updated: October - 14 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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