$325,000
Minneapolis, MN 55405
MLS# 7149370
Status: Coming Soon
5 beds | 2 baths | 3111 sqft
1 / 33
Open House (10/03/2026 - 10:30 am - 12:00 pm)
Property Description
Welcome to 501 Newton Ave N, a spacious up/down duplex in Minneapolis’ Harrison neighborhood offering an excellent opportunity for an investor at the 1% RULE or owner-occupant looking to house hack! With approximately 1,200 finished square feet per unit, this corner property features generous room sizes, hardwood floors, in-unit laundry, and the character you’d expect from a classic Minneapolis duplex. Each unit offers flexible living space with plenty of natural light and comfortable common areas. Live in one unit while renting the other, add this property to your rental portfolio, or explore the potential to maximize rental income over time. Located just minutes from downtown Minneapolis with convenient access to Theodore Wirth Park, bike trails, neighborhood amenities, coffee shops, bus line and lightrial. Whether you're looking for your first investment property or another solid Minneapolis duplex to add to your portfolio, 501 Newton offers space, location and versatility in one package.
Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Coming Soon
Contingency: None
Current Price: $325,000
Original List Price: 325000
ListPrice: 325000
List Date: 2026-09-25
Office/Member Info
Association: MAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1909
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Lot Dimensions: 128x40
Acres: 0.12
Main Floor Total SqFt: 1117
Below Grd Total SqFt: 711
Above Ground SqFt: 2400
Total SqFt: 3111
Total Finished Sqft: 2278.00
Foundation Size: 1200
Style: (MF) Duplex Up and Down
Garage Stalls: 0
Assessment Pending: Unknown
Bedrooms: 5
Baths Total: 2
Location, Tax and Other Information
Legal Description: Lot 013 Block 002 Drews ADDN to MPLS
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Country: US
Property ID Number: 2102924320033
Tax Year: 2026
Tax Amount: 4791.38
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: Yes
Directions & Remarks
Public Remarks: Welcome to 501 Newton Ave N, a spacious up/down duplex in Minneapolis’ Harrison neighborhood offering an excellent opportunity for an investor at the 1% RULE or owner-occupant looking to house hack! With approximately 1,200 finished square feet per unit, this corner property features generous room sizes, hardwood floors, in-unit laundry, and the character you’d expect from a classic Minneapolis duplex. Each unit offers flexible living space with plenty of natural light and comfortable common areas. Live in one unit while renting the other, add this property to your rental portfolio, or explore the potential to maximize rental income over time.
Located just minutes from downtown Minneapolis with convenient access to Theodore Wirth Park, bike trails, neighborhood amenities, coffee shops, bus line and lightrial. Whether you're looking for your first investment property or another solid Minneapolis duplex to add to your portfolio, 501 Newton offers space, location and versatility in one package.
Directions: Penn to 5th Avenue east to Newton
Accessible
None: 1
Amenities Shared
Porch: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 4791.38
Basement
Full: 1
Unfinished: 1
Building Information
Finished SqFt Above Ground: 2278
Construction Status
Previously Owned: 1
Exterior
Metal: 1
Fencing
Chain Link: 1
Foundation
Concrete Block: 1
Fuel
Natural Gas: 1
Heating
Boiler: 1
Forced Air: 1
Laundry
Lower Level: 1
Upper Level: 1
Lease Details
Land Leased: Not Applicable
Lot Description
Corner Lot: 1
Tree Coverage - Light: 1
Miscellaneous Information
Homestead: Yes
Ownership
Fractional Ownership: No
Pool Description
None: 1
Road Frontage
City Street: 1
Paved Streets: 1
Roof
Asphalt Shingles: 1
Pitched: 1
Sellers Terms
Cash: 1
Conventional: 1
Sewer
City Sewer/Connected: 1
Stories
Two: 1
Unit 1
Furnished?: No
Leased?: No
Unit Number: 1
Full Baths: 1
Total Rooms: 7
# of Fireplaces: 1
Finished SqFt: 1117
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 3
Unit Details
Total Units: 2
Water
City Water/Connected: 1
Income and Expenses
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Gross Income: 0
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Net Income: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Total Annual Expenses: 0
Unit 1 Amenities
Porch: 1
Unit 1 Bath Description
Main Floor Full Bath: 1
Unit 1 Cooling
None: 1
Unit 1 Dining Room Description
Separate/Formal Dining Rm: 1
Unit 1 Fireplace Char
Living Room: 1
Unit 2
Furnished?: No
Leased?: No
Unit Number: 2
Finished SqFt: 1161
Full Baths: 1
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 7
Unit 2 Bath Description
Upper Level Full Bath: 1
Unit 2 Cooling
None: 1
Unit 2 Dining Room Description
Separate/Formal Dining Rm: 1
Location Tax and Other Information
House Number: 501
Street Name: Newton
Street Suffix: Avenue
Street Direction Suffix: N
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55405
Complex/Dev/Subdivision: Drews ADD
Property Features
Accessible: None
Amenities Shared: Porch
Basement: Full; Unfinished
Construction Status: Previously Owned
Exterior: Metal
Fencing: Chain Link
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Boiler; Forced Air
Laundry: Lower Level; Upper Level
Lot Description: Corner Lot; Tree Coverage - Light
Pool Description: None
Road Frontage: City Street; Paved Streets
Roof: Asphalt Shingles; Pitched
Sellers Terms: Cash; Conventional
Sewer: City Sewer/Connected
Stories: Two
Unit 1 Amenities: Porch
Unit 1 Bath Description: Main Floor Full Bath
Unit 1 Cooling: None
Unit 1 Dining Room Description: Separate/Formal Dining Rm
Unit 1 Fireplace Char: Living Room
Unit 2 Bath Description: Upper Level Full Bath
Unit 2 Cooling: None
Unit 2 Dining Room Description: Separate/Formal Dining Rm
Water: City Water/Connected
Listing Office: Pemberton RE
Last Updated: September - 26 - 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.
