$6,531 Closing Credit¹
#6644473, Listing office: Coldwell Banker Nybo & Assoc
$470,000 List price
504 Buchanan St Red Wing, MN 55066
$5,581
Closing credit¹
2,764 sqft
$170 / sqft
Multi-Family
Property details
About 504 Buchanan St
Turnkey 4-Plex in Prime Location – Historic Charm with Modern Updates. Step into rental property ownership with this updated 4-plex. One unit is currently used as a successful short-term rental; the others bring in solid income. Features include off-street parking, strong curb appeal, and a spot in one of the city’s most sought-after areas. Next door to a favorite neighborhood grocery store and just a short walk to downtown, this historic property offers classic charm with smart updates. The current owner already handled the big projects—now it's ready for you to take over.
Highlights
Home typeQuadruplex
HeatingDuctless, Forced Air
StatusActive
Size2,764 sqft
BasementYes
Year built1890
MLS #6718428
Summary
- Basement: Yes
- Heating: Ductless, Forced Air
- List Price: $470,000
- Price/SqFt: $170
- Lot: Corner Lot, Few Trees
- Directions: West 4th to right on Buchanan property is on left
- Year Built: 1890
- Living Area: 2,764 SqFt
- MLS Number: 6718428
- MLS Name: NORTHSTAR
- Office Name: Edina Realty, Inc.
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$470,000
504 Buchanan St
$5,581
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
5
Burnside Elementary
Public District 2-4
3.9 mi
•5001 Learning Ln
6
Goodhue Elementary School
Public District PK-6
11.6 mi
•510 3rd Ave
6
Ellsworth Elementary School
Public District PK-5
12.0 mi
•445 S Piety St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $82,759. Typical income of Red Wing, MN residents is between $100k-200k annually. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
30%
<35k
32%
35k-100k
36%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
40%
Single, No Kids
14%
Single, with Kids
28%
Married, No Kids
18%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
6%
12-17 yrs old
21%
18-34 yrs old
38%
35-64 yrs old
18%
65+ yrs old
What do the neighbors do for fun?
Extreme Sports
Figure Skating
Soccer
Where do the neighbors shop?
Academy Sports & Outdoors
Kmart
Old Navy
Where do the neighbors go to eat?
Little Caesars
Bob Evans
Jimmy Johns
What do the neighbors drive?
Chevrolet
Buick
GMC
What do the neighbors listen to?
Country
Oldies
New Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 504 Buchanan St
The listing price of 504 Buchanan St property is $470,000.
The property 504 Buchanan St is a multi located in Red Wing, Minnesota, 55066.
Active Listing: 504 Buchanan St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 504 Buchanan St are: Burnside Elementary (GreatSchools Rating 5/10), Goodhue Elementary School (GreatSchools Rating 6/10), Ellsworth Elementary School (GreatSchools Rating 6/10), Twin Bluff Middle School (GreatSchools Rating 3/10), Ellsworth Middle School (GreatSchools Rating 6/10), Prescott Middle School (GreatSchools Rating 7/10), Red Wing High School (GreatSchools Rating 7/10), Tower View Alternative High School (GreatSchools Rating 3/10), Goodhue Secondary School (GreatSchools Rating 5/10).
The property 504 Buchanan St is 2,764 SqFt (source: MLS/tax record).
The year of construction for 504 Buchanan St is 1890.
This home is located at 504 Buchanan St in Red Wing, MN and zip code 55066. This 2,764 square foot home was built in 1890. Features: 0 bathroom. It has been listed on Rocket Homes since May 9, 2025 and is currently priced at $470,000.
While more than 6 listings in Red Wing, MN in May 2025 were sold above asking price, there were more than 2 listings sold at asking price, and more than 5 were sold below. The number of listings in Red Wing, MN increased by 19.3% between April and May 2025. Listings spent 36 days on the market in May 2025, and had a median list price of $300,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.