731 College Ave
Duplex · 2 units: 1 bed / 1 bath ×2 unit split estimated · 1,600 sq ft
Red Wing, MN · View the listing ↗
Photos courtesy of Edina Realty, Inc., via Realtor.com.
- Asking price
- $239,000 2 units · $120K per unit
- Monthly cash flow
- $499 at 20% down, 7%
- Estimated rent
- $3,150/mo medium confidence
- Break-even price
- $332,837 where cash flow hits $0
First look
This is a 1880 duplex in Red Wing at $239K, 136 days on market. Our numbers show about $499/mo cash flow and an 8.9% cap at ask, using $1,575 per 1-bed unit. That only holds if the rent estimates are real, and the listing gives no actual rents, lease terms or expenses. The county parcel didn't match, so taxes and legal unit count are unverified. Get the rent roll, tax bill and heat setup first. The photos show tidy, dated-but-clean units, so it's worth a showing if the real rents are near $1,500.
Things to consider
- Rents are unverified Our $1,575 per unit estimate drives the $499/mo cash flow. If actual rents are lower, the deal weakens quickly.
- Taxes and unit count unconfirmed No county parcel match, so tax and legal unit status are unknown. Taxes could move the numbers a lot.
- Strong cap rate at ask 8.9% cap and a break-even price of $333K suggest room, if inputs hold.
- Long time on market 136 days gives leverage to negotiate, but ask why it hasn't sold.
- Old building, newer cosmetics Updates look largely cosmetic; 1880 systems need inspection.
From the photos
Based on 10 of the listing photos. Photos can hide as much as they show; an inspection is the real answer.
Condition and repairs
- doneWater heaters updatedListing says: Updates include water heaters, newer upstairs A/C, updated kitchens and baths
- doneUpstairs A/CListing says: Updates include water heaters, newer upstairs A/C, updated kitchens and baths
- doneKitchens and baths updatedListing says: Updates include water heaters, newer upstairs A/C, updated kitchens and baths
- doneNewer carpet in both unitsListing says: newer carpet in both units
AI-assisted first read of the listing description and photos (Claude), checked against public records. Every rent and repair above quotes the listing; verify with the agent, leases and an inspection.
The numbers
Edit rents, costs and assumptions
Default: 20% down (no PMI), offer at asking, self-managed, 7.00% for 30 years, buyer pays closing costs (3%).
The deal
- Price
- $239,000
- Cash to close
- $31,070
- Price per unit
- $119,500
- GRM
- 6.3
Each month
- Cash flow
- $206/mo
- Cash-on-cash
- 8.0%
- Cap rate
- 8.9%
- DSCR
- 1.13×
Break-even
- Price that breaks even
- $270,449
- Rent that breaks even
- $2,882/mo
Long run
- Year 30: property vs stocks
- $1.58M vs $237K
- Cash flow turns positive
- year 1
The deal
- Price
- $239,000
- Cash to close
- $31,070
- Price per unit
- $119,500
- GRM
- 6.3
Each month
- Cash flow
- −$60/mo
- Cash-on-cash
- −2.3%
- Cap rate
- 7.6%
- DSCR
- 0.96×
Break-even
- Price that breaks even
- $229,765
- Rent that breaks even
- $3,238/mo
Long run
- Year 30: property vs stocks
- $1.17M vs $243K
- Cash flow turns positive
- year 3
The deal
- Price
- $229,000
- Cash to close
- $29,770
- Price per unit
- $114,500
- GRM
- 6.1
Each month
- Cash flow
- $271/mo
- Cash-on-cash
- 10.9%
- Cap rate
- 9.3%
- DSCR
- 1.18×
Break-even
- Price that breaks even
- $270,449
- Rent that breaks even
- $2,797/mo
Long run
- Year 30: property vs stocks
- $1.62M vs $227K
- Cash flow turns positive
- year 1
The deal
- Price
- $229,000
- Cash to close
- $29,770
- Price per unit
- $114,500
- GRM
- 6.1
Each month
- Cash flow
- $5/mo
- Cash-on-cash
- 0.2%
- Cap rate
- 7.9%
- DSCR
- 1.00×
Break-even
- Price that breaks even
- $229,765
- Rent that breaks even
- $3,143/mo
Long run
- Year 30: property vs stocks
- $1.21M vs $227K
- Cash flow turns positive
- year 1
The deal
- Price
- $239,000
- Cash to close
- $54,970
- Price per unit
- $119,500
- GRM
- 6.3
Each month
- Cash flow
- $499/mo
- Cash-on-cash
- 10.9%
- Cap rate
- 8.9%
- DSCR
- 1.39×
Break-even
- Price that breaks even
- $332,837
- Rent that breaks even
- $2,501/mo
Long run
- Year 30: property vs stocks
- $1.80M vs $418K
- Cash flow turns positive
- year 1
The deal
- Price
- $239,000
- Cash to close
- $54,970
- Price per unit
- $119,500
- GRM
- 6.3
Each month
- Cash flow
- $233/mo
- Cash-on-cash
- 5.1%
- Cap rate
- 7.6%
- DSCR
- 1.18×
Break-even
- Price that breaks even
- $282,768
- Rent that breaks even
- $2,810/mo
Long run
- Year 30: property vs stocks
- $1.38M vs $418K
- Cash flow turns positive
- year 1
The deal
- Price
- $229,000
- Cash to close
- $52,670
- Price per unit
- $114,500
- GRM
- 6.1
Each month
- Cash flow
- $553/mo
- Cash-on-cash
- 12.6%
- Cap rate
- 9.3%
- DSCR
- 1.45×
Break-even
- Price that breaks even
- $332,837
- Rent that breaks even
- $2,432/mo
Long run
- Year 30: property vs stocks
- $1.84M vs $401K
- Cash flow turns positive
- year 1
The deal
- Price
- $229,000
- Cash to close
- $52,670
- Price per unit
- $114,500
- GRM
- 6.1
Each month
- Cash flow
- $286/mo
- Cash-on-cash
- 6.5%
- Cap rate
- 7.9%
- DSCR
- 1.23×
Break-even
- Price that breaks even
- $282,768
- Rent that breaks even
- $2,732/mo
Long run
- Year 30: property vs stocks
- $1.42M vs $401K
- Cash flow turns positive
- year 1
The deal
- Price
- $239,000
- Cash to close
- $66,920
- Price per unit
- $119,500
- GRM
- 6.3
Each month
- Cash flow
- $579/mo
- Cash-on-cash
- 10.4%
- Cap rate
- 8.9%
- DSCR
- 1.49×
Break-even
- Price that breaks even
- $355,026
- Rent that breaks even
- $2,398/mo
Long run
- Year 30: property vs stocks
- $1.89M vs $509K
- Cash flow turns positive
- year 1
The deal
- Price
- $239,000
- Cash to close
- $66,920
- Price per unit
- $119,500
- GRM
- 6.3
Each month
- Cash flow
- $312/mo
- Cash-on-cash
- 5.6%
- Cap rate
- 7.6%
- DSCR
- 1.26×
Break-even
- Price that breaks even
- $301,619
- Rent that breaks even
- $2,694/mo
Long run
- Year 30: property vs stocks
- $1.47M vs $509K
- Cash flow turns positive
- year 1
The deal
- Price
- $229,000
- Cash to close
- $64,120
- Price per unit
- $114,500
- GRM
- 6.1
Each month
- Cash flow
- $629/mo
- Cash-on-cash
- 11.8%
- Cap rate
- 9.3%
- DSCR
- 1.55×
Break-even
- Price that breaks even
- $355,026
- Rent that breaks even
- $2,333/mo
Long run
- Year 30: property vs stocks
- $1.92M vs $488K
- Cash flow turns positive
- year 1
The deal
- Price
- $229,000
- Cash to close
- $64,120
- Price per unit
- $114,500
- GRM
- 6.1
Each month
- Cash flow
- $362/mo
- Cash-on-cash
- 6.8%
- Cap rate
- 7.9%
- DSCR
- 1.32×
Break-even
- Price that breaks even
- $301,619
- Rent that breaks even
- $2,621/mo
Long run
- Year 30: property vs stocks
- $1.51M vs $488K
- Cash flow turns positive
- year 1
Monthly
Monthly breakdown
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$222 |
| Insurance Estimate | −$202 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Net operating income | $1,772 |
| Mortgage (principal + interest) | −$1,431 |
| PMI | −$134 |
| Cash flow | $206 |
| Principal paid down (equity, not cash) | $182 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$222 |
| Insurance Estimate | −$202 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Property management | −$266 |
| Net operating income | $1,505 |
| Mortgage (principal + interest) | −$1,431 |
| PMI | −$134 |
| Cash flow | −$60 |
| Principal paid down (equity, not cash) | $182 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$222 |
| Insurance Estimate | −$202 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Net operating income | $1,772 |
| Mortgage (principal + interest) | −$1,371 |
| PMI | −$129 |
| Cash flow | $271 |
| Principal paid down (equity, not cash) | $174 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$222 |
| Insurance Estimate | −$202 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Property management | −$266 |
| Net operating income | $1,505 |
| Mortgage (principal + interest) | −$1,371 |
| PMI | −$129 |
| Cash flow | $5 |
| Principal paid down (equity, not cash) | $174 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$222 |
| Insurance Estimate | −$202 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Net operating income | $1,772 |
| Mortgage (principal + interest) | −$1,272 |
| Cash flow | $499 |
| Principal paid down (equity, not cash) | $162 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$222 |
| Insurance Estimate | −$202 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Property management | −$266 |
| Net operating income | $1,505 |
| Mortgage (principal + interest) | −$1,272 |
| Cash flow | $233 |
| Principal paid down (equity, not cash) | $162 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$222 |
| Insurance Estimate | −$202 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Net operating income | $1,772 |
| Mortgage (principal + interest) | −$1,219 |
| Cash flow | $553 |
| Principal paid down (equity, not cash) | $155 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$222 |
| Insurance Estimate | −$202 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Property management | −$266 |
| Net operating income | $1,505 |
| Mortgage (principal + interest) | −$1,219 |
| Cash flow | $286 |
| Principal paid down (equity, not cash) | $155 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$222 |
| Insurance Estimate | −$202 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Net operating income | $1,772 |
| Mortgage (principal + interest) | −$1,193 |
| Cash flow | $579 |
| Principal paid down (equity, not cash) | $152 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$222 |
| Insurance Estimate | −$202 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Property management | −$266 |
| Net operating income | $1,505 |
| Mortgage (principal + interest) | −$1,193 |
| Cash flow | $312 |
| Principal paid down (equity, not cash) | $152 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$222 |
| Insurance Estimate | −$202 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Net operating income | $1,772 |
| Mortgage (principal + interest) | −$1,143 |
| Cash flow | $629 |
| Principal paid down (equity, not cash) | $145 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$222 |
| Insurance Estimate | −$202 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Property management | −$266 |
| Net operating income | $1,505 |
| Mortgage (principal + interest) | −$1,143 |
| Cash flow | $362 |
| Principal paid down (equity, not cash) | $145 |
Cash flow each year
Rents +3%/yr, costs +3.5%/yr. Red bars are months you'd cover out of pocket.
30 years
How those totals add up
- Your equity when you sell
- $545,309
- Rental profits, invested at 7%
- $1,031,587
Sells for $580,116 (value up 3% a year), minus 6% selling cost ($34,807). Rent paid down $215,100 of loan.
$457,959 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $236,513
$31,070 put into an index fund instead of the down payment and closing costs.
The building comes out $1,340,382 ahead after 30 years.
- Your equity when you sell
- $545,309
- Rental profits, invested at 7%
- $623,711
Sells for $580,116 (value up 3% a year), minus 6% selling cost ($34,807). Rent paid down $215,100 of loan.
$306,767 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $236,513
- Monthly shortfalls, invested
- $6,649
$31,070 put into an index fund instead of the down payment and closing costs.
$949 you'd have paid in while the building lost money, invested instead.
The building comes out $925,858 ahead after 30 years.
- Your equity when you sell
- $522,492
- Rental profits, invested at 7%
- $1,101,200
Sells for $555,843 (value up 3% a year), minus 6% selling cost ($33,351). Rent paid down $206,100 of loan.
$479,784 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $226,617
$29,770 put into an index fund instead of the down payment and closing costs.
The building comes out $1,397,075 ahead after 30 years.
- Your equity when you sell
- $522,492
- Rental profits, invested at 7%
- $686,675
Sells for $555,843 (value up 3% a year), minus 6% selling cost ($33,351). Rent paid down $206,100 of loan.
$327,644 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $226,617
$29,770 put into an index fund instead of the down payment and closing costs.
The building comes out $982,550 ahead after 30 years.
- Your equity when you sell
- $545,309
- Rental profits, invested at 7%
- $1,253,423
Sells for $580,116 (value up 3% a year), minus 6% selling cost ($34,807). Rent paid down $191,200 of loan.
$521,654 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $418,446
$54,970 put into an index fund instead of the down payment and closing costs.
The building comes out $1,380,285 ahead after 30 years.
- Your equity when you sell
- $545,309
- Rental profits, invested at 7%
- $838,898
Sells for $580,116 (value up 3% a year), minus 6% selling cost ($34,807). Rent paid down $191,200 of loan.
$369,514 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $418,446
$54,970 put into an index fund instead of the down payment and closing costs.
The building comes out $965,761 ahead after 30 years.
- Your equity when you sell
- $522,492
- Rental profits, invested at 7%
- $1,313,754
Sells for $555,843 (value up 3% a year), minus 6% selling cost ($33,351). Rent paid down $183,200 of loan.
$540,815 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $400,937
$52,670 put into an index fund instead of the down payment and closing costs.
The building comes out $1,435,309 ahead after 30 years.
- Your equity when you sell
- $522,492
- Rental profits, invested at 7%
- $899,229
Sells for $555,843 (value up 3% a year), minus 6% selling cost ($33,351). Rent paid down $183,200 of loan.
$388,675 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $400,937
$52,670 put into an index fund instead of the down payment and closing costs.
The building comes out $1,020,785 ahead after 30 years.
- Your equity when you sell
- $545,309
- Rental profits, invested at 7%
- $1,343,542
Sells for $580,116 (value up 3% a year), minus 6% selling cost ($34,807). Rent paid down $179,250 of loan.
$550,276 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $509,412
$66,920 put into an index fund instead of the down payment and closing costs.
The building comes out $1,379,439 ahead after 30 years.
- Your equity when you sell
- $545,309
- Rental profits, invested at 7%
- $929,018
Sells for $580,116 (value up 3% a year), minus 6% selling cost ($34,807). Rent paid down $179,250 of loan.
$398,135 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $509,412
$66,920 put into an index fund instead of the down payment and closing costs.
The building comes out $964,914 ahead after 30 years.
- Your equity when you sell
- $522,492
- Rental profits, invested at 7%
- $1,400,103
Sells for $555,843 (value up 3% a year), minus 6% selling cost ($33,351). Rent paid down $171,750 of loan.
$568,239 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $488,098
$64,120 put into an index fund instead of the down payment and closing costs.
The building comes out $1,434,497 ahead after 30 years.
- Your equity when you sell
- $522,492
- Rental profits, invested at 7%
- $985,578
Sells for $555,843 (value up 3% a year), minus 6% selling cost ($33,351). Rent paid down $171,750 of loan.
$416,098 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $488,098
$64,120 put into an index fund instead of the down payment and closing costs.
The building comes out $1,019,973 ahead after 30 years.
Future dollars. At 3% inflation, divide year-30 figures by about 2.4 for today's buying power. Rental profits are assumed invested, not spent.
30 years: this property vs. the same money in stocks
Year 30 (loan paid off): property $1.58M, stocks $237K. The property wins.
Year 30 (loan paid off): property $1.17M, stocks $243K. The property wins.
Year 30 (loan paid off): property $1.62M, stocks $227K. The property wins.
Year 30 (loan paid off): property $1.21M, stocks $227K. The property wins.
Year 30 (loan paid off): property $1.80M, stocks $418K. The property wins.
Year 30 (loan paid off): property $1.38M, stocks $418K. The property wins.
Year 30 (loan paid off): property $1.84M, stocks $401K. The property wins.
Year 30 (loan paid off): property $1.42M, stocks $401K. The property wins.
Year 30 (loan paid off): property $1.89M, stocks $509K. The property wins.
Year 30 (loan paid off): property $1.47M, stocks $509K. The property wins.
Year 30 (loan paid off): property $1.92M, stocks $488K. The property wins.
Year 30 (loan paid off): property $1.51M, stocks $488K. The property wins.
Comparable rentals
Nearby rentals RentCast matched to each unit type, as of 2026-10-05. The estimate above is RentCast's, weighted toward the closest matches.
1 bed / 1 bath estimate $1,575/mo · range $1,325–$1,800
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 314 W 4th St, Apt 401, Red Wing 55066 off market | $1,800 | 1 / 1 | 0.4 mi | 88% |
| 703 W 5th St, Apt 3, Red Wing 55066 off market | $845 | 1 / 1 | 0.2 mi | 86% |
| 314 W 4th St, Apt 202, Red Wing 55066 | $1,450 | 1 / 1 | 0.4 mi | 84% |
| 545 E 7th St, Unit B, Red Wing 55066 off market | $995 | 1 / 1 | 1.0 mi | 84% |
| 222 Bush St, # 302, Red Wing 55066 off market | $1,425 | 1 / 1 | 0.4 mi | 84% |
| 222 Bush St, Unit 302, Red Wing 55066 off market | $1,425 | 1 / 1 | 0.4 mi | 84% |
| 222 Bush St, Apt 112, Red Wing 55066 off market | $1,250 | 1 / 1 | 0.4 mi | 84% |
| 222 Bush St, Apt 113, Red Wing 55066 off market | $1,490 | 1 / 1 | 0.4 mi | 84% |
| 314 W 4th St, Apt 312, Red Wing 55066 off market | $1,425 | 1 / 1 | 0.4 mi | 83% |
| 222 Bush St, Red Wing 55066 | $1,390 | 1 / 1 | 0.4 mi | 83% |
On the maps, this property and comparable rentals. Comparable rentals and rent estimate: RentCast. Rents are asking rents from listings; check them against the actual leases.
Red flags and opportunities
Watch for
- mediumCouldn't match this address to a county parcel record, so taxes and unit count are unverified. Public record: County parcels: no match for 731 COLLEGE AVE
- mediumNo rents, lease terms or expenses given; income is unverified Listing says: a well maintained property with a strong rental history and consistent occupancy · AI review
- mediumBuilt 1880 with unknown foundation, wiring and plumbing age Based on: data: listing.year_built · AI review
- lowBack-side photo shows aging wood posts and exposed framing under the deck, plus a wall AC unit Based on: photo 10 · AI review
Opportunities
- Long time on market: room to negotiate. Based on: Listing data: 136 days on market
- Owner-occupy one unit and rent the other Listing says: live in one unit and offset your mortgage with rental income · AI review
- Private laundry and appliances in each unit support rentability Listing says: Each unit offers private laundry and includes all major appliances. · AI review
Questions for the agent
- What are the current rents, lease end dates and deposits for each unit?
- What are the actual property taxes, and is this a legal licensed duplex?
- How is heat metered? Baseboard hot water suggests a shared boiler.
- Who pays water, sewer, trash and electric?
- Why has it sat 136 days, and have there been price cuts or offers?
- How old are the roof, boiler, electrical panels and foundation?
Bottom line
Clean, updated-looking 1880 duplex that pencils at ask if rents hit about $1,575 each, but nothing is verified yet. AI-assisted summary
What the records say
Where each number comes from
| Property tax / yr Listinglisting, tax year 2025. The tax the listing states. If the seller lives there it may be at the lower homestead rate; an investor owner pays the non-homestead rate, often 20–40% more on the owner's unit. | $2,668 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $2,420 |
| Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid | $170 |
| Heat / mo Assumptionassumption. tenants pay heat; confirm with the agent | $0 |
| Lawn care / mo Assumptionassumption. $120/mo for 6 months, spread over 12; no snow removal | $60 |
| Repairs / capital reserve Rulerule. built 1880: +1 pt capital reserve | 8% / 9% |
Price history Realtor.com
On the market since 2026-05-22 (136 days); down $26,000 (9.8%) from the first ask of $265,000; last sold for $100,000 on 2006-06-13.
| Date | Event | Price |
|---|---|---|
| Price changed | $239,000 | |
| Price changed | $245,000 | |
| Relisted | $265,000 | |
| Removed | — | |
| Listed | $265,000 | |
| Sold | $100,000 | |
| Listed | $106,500 | |
| Sold public record | $68,900 | |
| Sold | $48,000 | |
| Listed | $53,820 |
From the listing Listing
| Listed as | duplex up and down |
| Property tax, 2025 | $2,668 |
| County | Goodhue |
| Parcel number | 553000850 |
As the listing states it (NorthstarMLS, via Realtor.com). We don't have county records here yet; check the tax, homestead status and special assessments with the county.
Crime, rental-license and vacant-building records are only available for St. Paul and Minneapolis so far. Check with Red Wing on rental licensing before you buy.