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731 College Avenue, Red Wing, MN 55066

$245,000

Property Type: Multi-Family Bedrooms: 2 Baths: 2 Square Footage: 1,840 Lot Size (sq. ft.): 8,712 Status: Active

Current Price: $245,000 List Date: 5/26/2026 Last Modified: 7/02/2026

Overview

Description

Well maintained duplex with a strong rental history and consistent occupancy. A great opportunity for investors, owner occupants, or those looking to house hack. Both units feature private laundry, updated kitchens and baths, and include all major appliances, including washer, dryer, refrigerator, stove, microwave, dishwasher, and A/C units. Enjoy great curb appeal, a quiet setting, and a welcoming covered front porch. Photos shown are of Unit A. Unit B is a walkout lower level unit and is also well maintained.

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
Garage Stalls: 0

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: 245000
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
Assessment Balance: 0

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

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: INSTITUTE ADDITION LOT-006 BLOCK-007 ID# 5-1040-08400 DOC #559661 LOT 6 BLK 7
Listing City: Red Wing
Map Page: 999
Municipality: Red Wing
School District: Red Wing
School District Phone: 651-385-4500
Zip Plus 4: 31
Property ID Number: 553000850
Tax Year: 2025
Tax Amount: 2668
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Well maintained duplex with a strong rental history and consistent occupancy. A great opportunity for investors, owner occupants, or those looking to house hack. Both units feature private laundry, updated kitchens and baths, and include all major appliances, including washer, dryer, refrigerator, stove, microwave, dishwasher, and A/C units. Enjoy great curb appeal, a quiet setting, and a welcoming covered front porch. Photos shown are of Unit A. Unit B is a walkout lower level unit and is also well maintained.
Directions: Hwy 61 S to West Ave, right on West Ave to College Ave., right at top of hill, u-turn back down hill. House on Right.

Accessible

None: Yes

Basement

Concrete Block: Yes
Partially Finished: Yes

Construction Status

Previously Owned: Yes

Existing Financing

Free and Clear: Yes

Exterior

Wood: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Owner Pays

See Remarks: Yes

Roof

Age 8 Years or Less: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

Income and Expenses

Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Gross Income: 0
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Net Income: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Total Annual Expenses: 0

Tenant Pays

See Remarks: Yes

Unit 1 Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Bath Description

Upper Level 3/4 Bath: Yes

Unit 1 Cooling

Wall: Yes

Unit 1 Dining Room Description

Eat In Kitchen: Yes
Living/Dining Room: Yes

Unit 1 Special Search

Main Floor Laundry: Yes

Unit 2 Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 2 Bath Description

Main Floor 3/4 Bath: Yes

Unit 2 Cooling

Window: Yes

Listing Office: Edina Realty, Inc.

Last Updated: July - 02 - 2026

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