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.
Active
Price cut: $10K (4/23)
$479,900
577 7th Ave, Newport, MN 55055
6beds
4baths
3,232sqft
Est.:
Quadruplex
Built in 1900
-- sqft lot
$-- Zestimate®
$148/sqft
$-- HOA
What's special
Three-car garageLarge lotPrivate outdoor spaceOwn deck or patioTwo drivewaysAmple parking
- 27 days
- on Zillow |
- 768 |
- 23 |
Zillow last checked: 7 hours ago
Listing updated: April 23, 2025 at 08:57am
Listed by:
Geoffrey S Serdar 952-258-3100,
Lakes Sotheby's International Realty,
Sabrina T Bownik 952-270-3377
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6693610

Travel times
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Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Hot Water
Appliances
- Laundry: Coin-op Laundry Owned
Features
- Basement: Full,Unfinished
Interior area
- Total structure area: 3,232
- Total interior livable area: 3,232 sqft
- Finished area above ground: 2,146
- Finished area below ground: 0
Property
Parking
- Total spaces: 3
- Parking features: Detached, Asphalt, Garage Door Opener
- Garage spaces: 3
- Has uncovered spaces: Yes
- Details: Garage Dimensions (36x22), Garage Door Height (7), Garage Door Width (8)
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Patio & porch: Deck, Porch
- Fencing: None
Lot
- Size: 0.34 Acres
- Dimensions: 100 x 150
- Features: Near Public Transit, Corner Lot, Many Trees
Details
- Foundation area: 1086
- Parcel number: 0102722220071
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Stucco, Wood Siding
- Roof: Asphalt,Pitched
Condition
- Age of Property: 125
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Newport Town
HOA
- Amenities included: Coin-op Laundry Owned
Location
- Region: Newport
Financial & listing details
- Price per square foot: $148/sqft
- Annual tax amount: $5,510
- Date on market: 3/31/2025
- Tenant pays: All Utilities
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