$550,000
New Hope, MN 55427
MLS# 7132082
7 beds | 4 baths | 3200 sqft
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Property Description
Solid investment opportunity in a desirable New Hope location! This fully rented 4-unit property offers an attractive combination of established rental income and a well-maintained building. Each unit provides comfortable living space, while the clean, well-kept common areas create a welcoming environment for residents and add to the overall appeal of the property. With all four units currently leased, this is an excellent opportunity for an investor looking for a property with established occupancy and income already in place. Conveniently located near shopping, dining, parks, schools, and major roadways, this property offers both tenant appeal and long-term investment potential.
Details
Maps
Contract Information
Status: Active
Contingency: None
Current Price: $550,000
Original List Price: 550000
ListPrice: 550000
List Date: 2026-09-28
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1965
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 7
Baths Total: 4
Main Floor Total SqFt: 1600
Above Ground SqFt: 3200
Total SqFt: 3200
Foundation Size: 1600
Style: (MF) Four Plex
Total Finished Sqft: 3200.00
Lot Dimensions: 93 X 149.4
Acres: 0.32
Assessment Pending: No
Assessments
Tax With Assessments: 9718.34
Building Information
Finished SqFt Above Ground: 3200
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 21
Section#: 19
Township#: 118
Unit 1
Furnished?: No
Leased?: Yes
Level: 2nd Level
Unit Number: 1
Finished SqFt: 716
Full Baths: 1
No. of Units Like This: 2
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 4
Unit Details
Total Units: 4
Unit 2
Furnished?: No
Leased?: Yes
Level: Below Ground
Unit Number: 2
Finished SqFt: 716
Full Baths: 1
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 4
Unit 3
Furnished?: No
Leased?: Yes
Level: Below Ground
Unit Number: 3
Finished SqFt: 489
Full Baths: 1
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 3
Location Tax and Other Information
House Number: 2701
Street Name: Virginia
Street Suffix: Avenue
Street Direction Suffix: N
Postal City: New Hope
County: Hennepin
State: MN
Zip Code: 55427
Complex/Dev/Subdivision: Twin Terra Linda 4th
Property Features
Accessible: None
Amenities Shared: Coin-op Laundry Owned
Assumable Loan: Not Assumable
Basement: None
Construction Status: Previously Owned
Exterior: Brick/Stone
Fencing: None
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Hot Water
Laundry: Common Area; In Basement; Laundry Room; Sink
Lot Description: Public Transit (w/in 6 blks)
Owner Pays: Fuel; Grounds Care; Insurance; Repairs; Snow Removal; Taxes; Trash Collection; Water
Parking Characteristics: Parking Lot; Paved Lot
Pool Description: None
Road Frontage: City Street
Sellers Terms: Cash; Conventional; FHA; VA; Other
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: Cable TV; Electricity
Unit 1 Appliances: Range; Refrigerator
Unit 1 Bath Description: Main Floor Full Bath
Unit 1 Dining Room Description: Kitchen/Dining Room
Unit 2 Appliances: Range; Refrigerator
Unit 2 Bath Description: Main Floor Full Bath
Unit 3 Appliances: Range; Refrigerator
Unit 3 Bath Description: Main Floor Full Bath
Water: City Water/Connected
Listing Office: RE/MAX Results
Last Updated: September - 30 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
