480 8th ST, Red Wing, MN 55066
480 8th ST, Red Wing, MN 55066
480 8th ST, Red Wing, MN 55066
480 8th ST, Red Wing, MN 55066
480 8th ST, Red Wing, MN 55066
480 8th ST, Red Wing, MN 55066
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Cynthia Froid

Cynthia Froid

+1(612) 578-1303
$ 1,290,000
Est. payment | /mo

0.38 Acres Lot

Save
$ 1,290,000
Est. payment | /mo
Save

0.38 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Todd & Douds Sub

MLS Listing ID 7135020

Year Built 1965

Annual Tax Amount $8,225

Tax Year 2026

Contingent None

Lot Size 0.380 Acres

Lot Dimensions 120 x 150

Property Description

The Downton Abbey is located in the historic city of Red Wing, Minnesota. Just a few short blocks to the downtown central business district and the iconic St. James Hotel. Claimed to be one of the oldest cities in all of Minnesota, it is storied with a rich history. Originally built in 1965 for the sisters of Saint Jospeh parish as a convent, this stunning three story all-brick building was transformed in 2025-2026 with six well-appointed units. There are two 3-bedroom, two 2-bedroom, and two 1-bedroom apartments spread out over the main and upper floors. The interior has been totally updated with new custom kitchens, quartz countertops, undermount sinks, stainless steel appliances including full size dishwashers and built-in microwaves, and energy-efficient Whirlpool name-brand stack washers and dryers in all apartments. The exterior has received a 30-year pitched asphalt shingled roof, Andersen series 100 windows, and the brick was tuck-pointed. The units offer luxury vinyl plank flooring, LED lighting, Kohler plumbing fixtures, tiled shower surrounds, two panel shaker interior doors, and plush carpeting in the bedrooms. Brand new electrical, plumbing, and sprinkler systems installed. Sits on an oversized corner lot with 0.38+ acres and a freshly laid 12-stall parking lot for residents to enjoy. Walking distance to shops, restaurants, churches, and the entertaining Sheldon Theatre of performing arts!

PROPERTY FACTS:
Year Built: 1965
Years Renovated: 2025-2026
Units: 6 garden style apartments
Square Footage: Building total 8,400+ sqft
Zoning: Multiple-dwelling
Parking: 12 off-street parking spots
Exterior: All-brick and stone exterior
Heating: Individual electric furnaces / tenants pay their own unit heat
Air Conditioning: Central air conditioning units / tenants pay their own AC
Roof: Pitched roof new in 2025
Laundry: Each unit has a Whirlpool name brand stack Washer and Dryer unit / seller owned
Storage: There are extra rooms in the lower level for tenant storage lockers

UNIT DESCRIPTIONS:
1 - Three Bedroom, Two Bath - Approx. 1,015+ Sqft. / Average rent $2,100.00
1 - Three Bedroom, One Bath - Approx. 940+ Sqft. / Average rent $1,950.00
2 - Two Bedroom, One Bath - Approx. 560+ Sqft. / Average rent $1,650.00
2 - One Bedroom, One Bath - Approx. 445+ Sqft / Average rent $1,350.00

PROPERTY IMPROVEMENTS:
Hallways and common areas recently painted and carpeted (2025)

Newer hot water heaters (2025)

Brand new forced air furnaces and central AC (2025)

Exterior concrete steps and sidewalk (2026)

Brand new Andersen Series 100 double-hung windows throughout the building (2025)

Apartment entrance steel doors recently repainted

All six of the apartments have been totally renovated from top to bottom with newer luxury vinyl plank flooring (LVP), carpet in bedrooms, new trim and doors, drywall and fresh paint, new tiled bathrooms and vanities, new custom kitchen cabinets and quartz countertops, new light fixtures, new blinds, and stainless steel appliance package.

Location

State MN

County Goodhue

Zoning Residential-Multi-Family

Rooms

Basement Block, Full, Unfinished

Interior

Heating Forced Air, Heat Pump

Cooling Central Air

Flooring Carpet, Luxury Vinyl Plank

Inclusions Building, Fixture/Equipment, Inventory, Land, Rental License

Fireplace No

Appliance Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer

Exterior

Parking Features Parking Lot, Paved Lot

Fence Wood

Pool None

Utilities Available Electric Separate, Heating Separate, Hot Water Common

Roof Type Age 8 Years or Less,Asphalt,Pitched

Present Use Residential

Building

Lot Description Corner Lot, Sod Included in Price

Story Two

Foundation 2800

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Brick,Concrete

New Construction false

Schools

School District Red Wing

Listed by Nathan Opatz • Apartment Cash Flow, Inc.

NEARBY SCHOOLS & PROPERTIES

Cynthia Froid

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(612) 578-1303

cindy@cynthiafroid.com

709 2nd Street South, Minneapolis, Minnesota 55401, United States

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480 8th ST