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577 7th Avenue

Newport, MN 55055

– beds
– baths
2,146 sqft
$223 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.

Listing courtesy of NORTHSTAR / Geoffrey Serdar / Lakes Sotheby's International Realty

Last checked: Checking… • Last updated Apr 23, 2025 •

MLS# 6693610 —

The Building

Year Built:

1900
New Construction:

false
Age Of Property:

125
Construction Materials:

Stucco, Wood Siding
Roof:

Asphalt, Pitched
Accessibility Features:

None
Levels:

Two
Main Level Finished Area:

1073.0000
Basement:

Full, Unfinished
Basement:

true
Foundation Area:

1086
Building Area Total:

3232
Above Grade Finished Area:

2146

Room Dimensions

Living Area:

2146

Location

Directions:

Hwy 61 to Glen Road. East to 7th.
Latitude:

44.860941
Longitude:

-93.00005

The Property

Parcel Number:

0102722220071
Zoning Description:

Residential-Multi-Family
Property Type:

Residential Income
Property Subtype:

Quadruplex
Additional Parcels:

false
Lot Features:

Public Transit (w/in 6 blks), Corner Lot, Many Trees
Lot Size Area:

0.34
Lot Size Dimensions:

100x150
Lot Size Units:

Acres
Road Frontage Type:

City Street
Fencing:

None
Water Source:

City Water/Connected
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Annual Amount:

5510
Tax With Assessments:

5510.0000

Heating & Cooling

Heating:

Hot Water

Utilities

Electric:

Circuit Breakers
Sewer:

City Sewer/Connected

Appliances

Refrigerator:

One Per Unit

Schools

High School District:

South Washington County

The Community

Subdivision Name:

Newport Town
Association Amenities:

Coin-op Laundry Owned
Assessment Pending:

Unknown

Parking

Parking Features:

Detached, Asphalt, Garage Door Opener
Garage Spaces:

3
Garage Door Height:

7
Garage Door Width:

8
Garage Dimensions:

36x22
Garage SqFt:

792

Extra Units

# of Units Total:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/23/25 Apr 23, 2025	Price Changed	NORTHSTAR	$479,900	-2.0%
4/10/25 Apr 10, 2025	Price Changed	NORTHSTAR	$489,900	-2.0%
3/31/25 Mar 31, 2025	Listed / Active	NORTHSTAR	$499,900

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This multifamily located in Newport, MN 55055 is currently for sale for $479,900. 577 7th Avenue is a 2,146 square foot multifamily with – beds and – baths that has been on Estately for 27 days. This multifamily is in the attendance area of Newport Elementary School, Oltman Middle School, and East Ridge High School.

Listing Courtesy of: NORTHSTAR and Lakes Sotheby's International Realty.

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.