504 Buchanan Street Red Wing, MN 55066
For Sale MLS# 6718428
4 beds 4 baths 2,764 sq ft Multi-family
Listed by: Edina Realty, Inc.
Details for 504 Buchanan Street
MLS# 6718428
Description for 504 Buchanan Street, Red Wing, MN, 55066
This updated 4 plex is ready for its next owner, offering three solid long-term units and one thriving short-term rental. Tenants appreciate the off-street parking, curb appeal, and the unbeatable location near a neighborhood grocery and a short walk downtown. With smart updates already completed, the property delivers strong income potential and low stress ownership, and it sets up well for house hacking or flexible generational living with separate private units. The seller will consider reasonable offers, making this an excellent opportunity for buyers seeking value and versatility.
Listing Information
Property Type: Multi-family, Four Plex
Status: Active
Bedrooms: 4
Bathrooms: 4
Lot Size: 0.24 Acres
Square Feet: 2,764 sq ft
Year Built: 1890
Foundation: 1,382 sq ft
Stories: 2 Stories
Subdivision: E&R B 11 W Ext Swen
Number Of Units Total: 4
County: Goodhue
Days On Market: 225
Construction Status: Previously Owned
School Information
District: 256 - Red Wing
Interior Features
Square Footage above: 2,764 sq ft
Basement: Walkout, Partial
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Heating: Natural Gas, Ductless Mini-Split, Forced Air
Exterior / Lot Features
Exterior: Wood
Roof: Age Over 8 Years, Asphalt Shingles
Lot Dimensions: 90x121
Zoning: Residential-Multi-Family
Topography: Level
Additional Exterior/Lot Features: Corner Lot, Tree Coverage - Light, Road Frontage - Paved Streets, Sidewalks
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 806
Unit 1 Baths Total: 1
Unit 1 Beds Total: 1
Unit 1 Rooms Total: 3
Unit 2 Units Total: 1
Unit 2 Actual Rent: 953
Unit 2 Baths Total: 1
Unit 2 Beds Total: 1
Unit 2 Rooms Total: 4
Unit 3 Units Total: 1
Unit 3 Actual Rent: 1100
Unit 3 Baths Total: 1
Unit 3 Beds Total: 1
Unit 3 Rooms Total: 3
Unit 4 Units Total: 1
Unit 4 Baths Total: 1
Unit 4 Beds Total: 1
Unit 4 Rooms Total: 4
Driving Directions
West 4th to right on Buchanan property is on left
Financial Considerations
Tenant Pays: Broadband,Cable T.V.,Electric,Gas
Owner Pays: Grounds Care,Hot Water,Pest Control,Sewer,Trash,Water
Gross Income: 51747.16
Tax/Property ID: 551600080
Tax Amount: 3834
Tax Year: 2025
HomeStead Description: Non-Homesteaded
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 504 Buchanan Street
Sales History
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Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 504 Buchanan Street
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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