731 College Ave, Red Wing, MN, 55066
About This Home
Move in ready duplex conveniently located near downtown. Updates include water heaters, newer upstairs A/C, updated kitchens and baths, and newer carpet in both units. Each unit offers private laundry and includes all major appliances. A great opportunity to live in one unit and offset your mortgage with rental income or own a well maintained property with a strong rental history and consistent occupancy.
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1880
Materials
- Roof: Age 8 Years or Less
Type & Style
- Home type: MultiFamily
- Property subType: Duplex Up and Down
Interior
Basement
- Has basement: Yes
- Basement: Block,Partially Finished
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
Features
- Finished area below ground: 550
- Finished area above ground: 1,050
Heating
- Heating features: Forced Air
Interior Area
- Total structure area: 1,840
- Total interior livable area: 1,600 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 553000850
- Foundation area: 800
Features
- Levels: Two
Lot
- Lot size: 8,712 sqft
- Lot size dimensions: .2
Parking
- Parking features: Gravel
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Hail
- Tornado
- Winter Weather
- Cold Wave
- Inland Flooding
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters in Goodhue County and Minnesota
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,238 | $14,856 |
| Home Insurance * | $196 | $2,352 |
| Property Taxes | $328 | $3,936 |
| Electricity | $170 | $2,050 |
| Total | $1,932 | $23,184 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-02 | Price change | $245,000 |
| 2026-05-26 | Listed for sale | $265,000 |
| 2012-03-23 | Listing removed | $650 |
| 2012-02-23 | Price change | $650 |
| 2011-11-17 | Listed for rent | $700 |
| 2011-09-22 | Listing removed | $700 |
| 2011-09-20 | Listed for rent | $700 |
| 2011-08-16 | Listing removed | $700 |
| 2011-05-17 | Listed for rent | $700 |
| 2011-02-04 | Listing removed | $700 |
| 2011-01-01 | Listed for rent | $700 |
| 2006-06-14 | Sold | $100,000 |
| 2004-06-15 | Sold | $68,900 |
| 2000-05-12 | Sold | $68,900 |
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