Property Description
Welcome to 501 Newton Ave N, a spacious up/down duplex in Minneapolis' Bryn Mawr/Harrison neighborhood offering an excellent opportunity for an investor at the 1% RULE or owner-occupant looking to house hack! See Supplements for RentOMeter rental analysis of ~$1,800/unit 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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Unfinished
Heating: Boiler, Forced Air
Lot Size: 0.12 Acres
Roof Type: Asphalt, Pitched
Taxes: $4,791
Year Built: 1909
Feature Descriptions
Days on Site: 12
Exterior: Block, Post and Beam, Frame
Foundation Size: 1200
Lot: Public Transit (w/in 6 blks), Corner Lot, Tree Coverage - Light
Lot Dimensions: 128x40
Parcel#: 2102924320033
Parking: Concrete
Road Frontage: City Street, Paved Streets
Sewer: City Sewer/Connected
Tenant Expenses: Cable TV, Electricity, Gas
Units: 2
Water: City Water/Connected
Local Schools
School District: Minneapolis
Listed By / Shown By
Listed By
Agency Name: Pemberton RE
Agency Phone: 612-260-8777
Shown By
Agent Name: Rick Theisen
Agent Phone: (612) 554-1862
Agency Title: Counselor Realty
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Estimated Payment
$ 2,223.83 per month $1,729.79 Principal & Interest $399.25 Property Tax $94.79 Homeowner's InsuranceChange Payment Information
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501 Newton Avenue N | MLS# 7149370
This multi-family property located at 501 Newton Avenue N, Minneapolis, MN 55405 is currently listed for sale with an asking price of $325,000. Newton Avenue N is located within the Minneapolis school district. Search Minneapolis real estate on rtheisen.counselorrealty.com today.