Investment Opportunity in Red Wing! Unlock the potential of this well-located triplex, a rare find with great income-generating possibilities. Currently, two units are leased, providing immediate cash flow, while the third unit is vacant and ready for your personal touch. This property offers a fantastic canvas for value-add improvements. Pet-friendly, this triplex appeals to a wide range of tenants, enhancing its rental appeal. Don't miss out on the chance to capitalize on this promising property in the charming town of Red Wing!
The median home value in Red Wing, MN is $190,400. This is lower than the county median home value of $199,200. The national median home value is $219,700. The average price of homes sold in Red Wing, MN is $190,400. Approximately 61.86% of Red Wing homes are owned, compared to 32.95% rented, while 5.19% are vacant. Red Wing real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Red Wing real estate agent to arrange a tour today!
Red Wing, Minnesota 55066 has a population of 16,334. Red Wing 55066 is less family-centric than the surrounding county with 30.77% of the households containing married families with children. The county average for households married with children is 31.84%.
The median household income in Red Wing, Minnesota 55066 is $50,746. The median household income for the surrounding county is $62,431 compared to the national median of $57,652. The median age of people living in Red Wing 55066 is 41.6 years.
The average high temperature in July is 82.7 degrees, with an average low temperature in January of 6.2 degrees. The average rainfall is approximately 33.1 inches per year, with 49 inches of snow per year.