For Sale: Newport MLS# 7001616
Active
NEW!
$459,900
Multi-family: Four Plex
6 br • 4 ba • Built 1900
2,146 sqft • 0.344 acres
MLS# 7001616
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
This four-unit property in Newport offers a practical and versatile multifamily layout on a large corner lot. The unit mix includes two 2-bedroom units and two 1-bedroom units, all with one bathroom. Two units have been recently renovated, providing a blend of updated and value-add potential.
The building features separate electric meters for each unit, coin-operated laundry in the basement, three garage stalls, and two oversized driveways for convenient parking. The generous lot size and corner location add to the overall functionality of the property.
With its thoughtful layout, parking amenities, and recent updates, this property offers flexibility for a variety of ownership strategies.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$459,900
Price per sq ft:
$214
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
Bedrooms:
6
Bathrooms:
4
Finished Area:
2,146 ft2
Living Area:
2,146 ft2
Refrigerators:
Five
Basement Details:
- Full
- Shared Access
- Storage Space
- Storage/Locker
Exterior
Stories:
Two
Garage Spaces:
3
Garage Size:
800 ft2
Foundation Size:
1,086 ft2
Fencing:
None
Handicap Accessible:
None
Heating System:
Hot Water
Parking Features:
- Asphalt
- Detached Garage
Shared Amenities:
Coin-op Laundry Owned
Rooms
Laundry:
Lower Level
Lot & Land
Acres:
0.344
Geolocation:
44.860941, -93.00005
Lot Dimensions:
100 x 150
Zoning:
Residential-Single Family
Schools
School District:
2290
District Phone:
6514256300
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$750
Annual Fuel Expense:
$750
Annual Insurance Expense:
$1
Annual Maintenance Expense:
$3,600
Annual Trash Expense:
$450
Annual Water/Sewer Expense:
$2,000
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$5,510
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,510
Income
Annual Gross Income:
$54,000
Rent
Annual Net Income:
$46,450
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
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!
Listing provided by RMLS,
courtesy of Compass.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.