577 7th Avenue
Newport, MN 55055
- – beds
- – baths
- 2,146 sqft
- $232 per sqft
- 1900 build
- – on site
Prime investment opportunity! This well-maintained fourplex features two, two-bedroom units and two, one-bedroom units, all currently occupied, making it a ready-to-go income-generating property. Each unit offers its own deck or patio, providing tenants with private outdoor space. The large lot includes two driveways and a three-car garage, offering ample parking and convenience. Additional income potential with coin-operated laundry on-site. Situated in a desirable location with easy access to highways, shopping, and amenities, this property is an excellent addition to any portfolio.
Last checked:
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Last updated Apr 1, 2025
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MLS# 6693610 —
The Building
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Year Built:1900
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New Construction:false
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Age Of Property:125
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Construction Materials:Stucco, Wood Siding
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Roof:Asphalt, Pitched
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Accessibility Features:None
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Levels:Two
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Main Level Finished Area:1073.0000
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Basement:Full, Unfinished
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Basement:true
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Foundation Area:1086
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Building Area Total:3232
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Above Grade Finished Area:2146
Room Dimensions
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Living Area:2146
Location
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Directions:Hwy 61 to Glen Road. East to 7th.
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Latitude:44.860941
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Longitude:-93.00005
The Property
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Parcel Number:0102722220071
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Zoning Description:Residential-Multi-Family
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Property Type:Residential Income
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Property Subtype:Quadruplex
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Additional Parcels:false
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Lot Features:Public Transit (w/in 6 blks), Corner Lot, Tree Coverage - Medium
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Lot Size Area:0.34
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Lot Size Dimensions:100x150
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Lot Size Units:Acres
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Road Frontage Type:City Street
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Fencing:None
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Water Source:City Water/Connected
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (952) 258-3100
- Office phone:
- (952) 230-3101
Taxes
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Tax Year:2025
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Tax Annual Amount:5510
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Tax With Assessments:5510.0000
Heating & Cooling
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Heating:Hot Water
Utilities
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Electric:Circuit Breakers
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Sewer:City Sewer/Connected
Appliances
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Refrigerator:One Per Unit
Schools
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High School District:South Washington County
The Community
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Subdivision Name:Newport Town
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Association Amenities:Coin-op Laundry Owned
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Assessment Pending:Unknown
Parking
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Parking Features:Detached, Asphalt, Garage Door Opener
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Garage Spaces:3
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Garage Door Height:7
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Garage Door Width:8
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Garage Dimensions:36x22
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Garage SqFt:792
Extra Units
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# of Units Total:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/31/25
Mar 31, 2025
|
Listed / Active | NORTHSTAR | $499,900 |