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For Sale:  New Hope MLS# 7132096

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Active NEW!
$550,000
/mo Edit
Multi-family:  Fourplex
7 br • 4 ba • Built 1965
3,200 sqft • 0.34 acres
Robbinsdale schools
MLS# 7132096
763-576-8286
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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.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $550,000
    Price per sq ft: $172
    Property Type: Multi-family
    City: New Hope
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1965
    State: MN
    Property Style: Fourplex
    Zip Code: 55427
    Subdivision Name: Twin Terra Linda 4th

    Interior

    Bedrooms: 7
    Bathrooms: 4
    Finished Area: 3,200 ft2
    Living Area: 3,200 ft2
    Refrigerators: Four
    Basement Details: None

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 1,600 ft2
    Fencing: None
    Handicap Accessible: None
    Heating System: Hot Water
    Parking Features:
    • Asphalt
    • Parking Lot
    • Paved Lot
    Shared Amenities: Coin-op Laundry Owned
    Road Frontage: City Street
    Pool: None

    Rooms

    Laundry:
    • Common Area
    • In Basement
    • Sink

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.34
    Geolocation: 45.007866, -93.384329
    Lot Dimensions: 100 X 149.6
    Zoning: Residential-Multi-Family
    Lot Description: Public Transit (w/in 6 blks)

    Schools

    School District: 281
    District Phone: 7635048000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Cable TV, Electricity

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $9,718
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $9,718

    Income

    Annual Gross Income: None
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Rent

    Annual Net 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

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.