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480 8th St
Red Wing, MN 55066

$1,290,000 USD

Apartments For Sale • 8,262 SF

Property Details

Property Type Apartments
Total Building Size 8,262 SF
Lot Size 0.38 AC
Building Class C
Year Built 1965
Cap Rate 7.11 %
Zoning Multifamily

50 Walk Score

                
                    Highlights
                
                                2025 - New roof, pitched asphalt shingled
                            
                                2025 - New Andersen series 100 windows 
                            
                                2025 - New kitchens with stainless steel appliances including microwaves and dishwashers
                            
                                2026 - New 12-spot parking lot with curb and gutter
                            
                                2026 - New landscaping

Property Flyers

Downton Abbey 6 units $1.29M

Financial Summary (Proforma)

Net Operating Income: $91,736 USD (2026)

Cap Rate:	7.11 %
Total Expenses:	$26,452 USD

Amenities

Air Conditioning
Cable Ready
Dishwasher
Microwave
Washer/Dryer
Ceiling Fans
Eat-in Kitchen
Kitchen
Granite Countertops
Refrigerator
Oven
Sprinkler System
Stainless Steel Appliances
Range
Tub/Shower
Carpet
Yard
Double Pane Windows
Handrails
Lawn
Smoke Free
Vinyl Flooring
Window Coverings

Public Transportation

Commuter Rail	Drive	Walk	Distance
	2 min	11 min	0.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	12
Type:	Surface
Included in Rent:	Yes

Nathan Opatz 651-263-3653 Apartment Cash Flow, Inc

480 8th St Red Wing, MN 55066