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For Sale:  Newport MLS# 6693610

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Active
$499,900
/mo Edit
Multi-family:  Four Plex
Built 1900
2,146 sqft • 0.34 acres
South Washington County schools
MLS# 6693610
763-576-8286
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    Property Description

    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

    Listing Status: Active
    Contingency: None
    List Price: $499,900
    Price per sq ft: $233
    Property Type: Multi-family
    City: Newport
    Garage Spaces: 3
    County: Washington
    Year Built: 1900
    State: MN
    Property Style: Four Plex
    Zip Code: 55055
    Subdivision Name: Newport Town

    Interior

    Finished Area: 2,146 ft2
    Living Area: 2,146 ft2
    Ranges: One Per Unit
    Refrigerators: One Per Unit
    Basement Details:
    • Full
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 3
    Garage Dimensions: 36x22
    Garage Size: 792 ft2
    Garage Door Height: 7
    Garage Door Width: 8
    Foundation Size: 1,086 ft2
    Fencing: None
    Handicap Accessible: None
    Heating System: Hot Water
    Parking Features:
    • Asphalt
    • Detached
    • Garage Door Opener
    Shared Amenities: Coin-op Laundry Owned
    Road Frontage: City Street
    Exterior Material:
    • Stucco
    • Wood Siding
    Roof Details:
    • Asphalt
    • Pitched

    Lot & Land

    Acres: 0.34
    Geolocation: 44.860941, -93.00005
    Lot Dimensions: 100 x 150
    Zoning: Residential-Multi-Family
    Lot Description:
    • Corner Lot
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Medium

    Schools

    School District: 833
    District Phone: 651-425-6300

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $800
    Annual Fuel Expense: $800
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: $450
    Annual Water/Sewer Expense: $2,600
    Tenant Expenses: All Utilities

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $5,510
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $5,510

    Income

    Annual Gross Income: $52,080
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Listing provided by RMLS, courtesy of Lakes Sotheby's International Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.