Investment property. 3 units with 3 bedrooms & full bath on upper level. Main floor kitchen, dining, and living room. Full basement for storage. All units are in good condition and have renters. Great location! Walk to downtown, YMCA, theater, parks, river and restaurants. NG furnace and central air in all units.
Multi-familyProperty Type
1911Year Built
8,520 sq ftLot Size
$266Est. Price/Sq.Ft.
Listed by • Edina Realty, Inc.
Source:NORTHSTARMLS as Distributed by MLS Grid #4652839
Redfin Estimate
$394,301
$19K since sold in December 2022$0 since September
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 38.5% higher than the average sale price ($285K) of 6 comparable homes.
Investment property. 3 units with 3 bedrooms & full bath on upper level. Main floor kitchen, dining, and living room. Full basement for storage. All units are in good condition and have renters. Great location! Walk to downtown, YMCA, theater, parks, river and restaurants. NG furnace and central air in all units.
Year
Property tax
Land + Additions
Assessment*
2026
$7,372 (+10.1%)
$43,100 + $370,300
$413,400
2025
$6,696 (−3.5%)
$43,100 + $363,000
$406,100
2024
$6,942 (+4.2%)
$43,100 + $336,200
$379,300
2023
$6,664 (+8.3%)
$43,100 + $362,300
$405,400
2022
$6,154 (+8.9%)
$43,100 + $296,400
$339,500
2021
$5,650 (+1.3%)
$43,100 + $273,600
$316,700
2020
$5,578 (+1.3%)
$43,100 + $249,100
$292,200
2019
$5,504 (+25.2%)
$41,400 + $250,300
$291,700
2018
$4,396 (+28.3%)
$43,200 + $200,100
$243,300
2017
$3,426 (+16.1%)
$36,000 + $156,000
$192,000
2015
$2,950 (−2.5%)
$36,000 + $136,200
$172,200
2014
$3,026 (−4.7%)
$36,000 + $136,200
$172,200
2013
$3,174
$36,000 + $147,600
$183,600
Tax history for 726 W 3rd St
Year
Property tax
Land + Additions
Assessment*
2026
$7,372 (+10.1%)
$43,100 + $370,300
$413,400
2025
$6,696 (−3.5%)
$43,100 + $363,000
$406,100
2024
$6,942 (+4.2%)
$43,100 + $336,200
$379,300
2023
$6,664 (+8.3%)
$43,100 + $362,300
$405,400
2022
$6,154 (+8.9%)
$43,100 + $296,400
$339,500
2021
$5,650 (+1.3%)
$43,100 + $273,600
$316,700
2020
$5,578 (+1.3%)
$43,100 + $249,100
$292,200
2019
$5,504 (+25.2%)
$41,400 + $250,300
$291,700
2018
$4,396 (+28.3%)
$43,200 + $200,100
$243,300
2017
$3,426 (+16.1%)
$36,000 + $156,000
$192,000
2015
$2,950 (−2.5%)
$36,000 + $136,200
$172,200
2014
$3,026 (−4.7%)
$36,000 + $136,200
$172,200
2013
$3,174
$36,000 + $147,600
$183,600
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Property details
Interior
Basement Information
Basement Sq. Ft: 221
Basement Type: Partial Unfinished
Bathroom Information
# of Full Baths: 1
Heating & Cooling
Heating Type: Radiant
Room Information
# of Rooms: 7
Exterior
Exterior Information
Physical Condition: Good
Foundation Type: Stone
Building Style Type: Multi-Family
Exterior Wall: Stucco
Roof Shape Type: Flat Tar and Gravel
Property Information
Subdivision Name: CITY/RED WING
Living Sq. Ft: 1,482
Adjusted Gross Sq. Ft: 3,974
Building Sq. Ft: 1,703
# of Stories: 2
Legal Description: ORIGINAL PLAT DOC#627616 LOT 1 BLK 34 ID# 5-0050-38500
Lot Information
# of Buildings: 1
Land Sq. Ft: 8,520
Legal Lot Number: 1
Legal Block Number: 34
School Tax District: EXEMPT
Municipality Name: RED WING CITY
Acres: 0.2
County Use Description: RES DUPLEX/TRIPLEX
Financial
Assessor Information
Assessment Year: 2025
Tax Area: CITY OF RW
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 1,482
Stories: 2.0
Lot Size: 8,520 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1911
Year Renovated: 1947
County: Goodhue County
APN: 550053540
Home facts updated by county records on Oct 12, 2026
Around this home
Schools
Sunnyside Elementary School
Public K-1 • Assigned • 0.9mi
Twin Bluff Middle School
Public 5-7 • Assigned • 1.3mi
5/10
Red Wing Senior High School
Public 8-12 • Assigned • 2.3mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 100° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Red Wing, MN • 55066
Average low and high temperatures (°F)
22
7
30
14
49
28
57
38
70
48
78
59
84
65
78
60
74
55
64
45
44
31
29
15
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10 hours in
June and 3.6 hours in December, which is comparable to the
U.S. average for solar exposure.
10 hrs
3.6 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$375,000 – $454,000
Sell confidently with a local market expert in Red Wing. 3 minutes to get started.