577 7th Ave Newport, MN 55055
Estimated payment $2,847/month
Highlights
- Lower Floor Utility Room
- 3 Car Detached Garage
- Coin Laundry
- East Ridge High School Rated A-
- Hot Water Heating System
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,510
Year Built
- Built in 1900
Parking
- 3 Car Detached Garage
Home Design
- Quadruplex
Interior Spaces
- 2,146 Sq Ft Home
- 2-Story Property
- Lower Floor Utility Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Shared Basement
- Basement Storage
Additional Features
- Lot Dimensions are 100x150
- Hot Water Heating System
Listing and Financial Details
- Assessor Parcel Number 0102722220071
Community Details
Overview
- 4 Units
- Newport Town Subdivision
Amenities
- Coin Laundry
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,510 | $316,800 | $71,200 | $245,600 |
| 2023 | $5,510 | $316,800 | $71,200 | $245,600 |
| 2022 | $5,142 | $283,700 | $70,500 | $213,200 |
| 2021 | $4,978 | $273,700 | $67,500 | $206,200 |
| 2020 | $4,558 | $270,300 | $67,500 | $202,800 |
| 2019 | $4,314 | $243,000 | $52,500 | $190,500 |
| 2018 | $4,366 | $219,500 | $52,500 | $167,000 |
| 2017 | $3,152 | $219,500 | $52,500 | $167,000 |
| 2016 | $3,272 | $159,100 | $30,000 | $129,100 |
| 2015 | $3,192 | $159,100 | $30,000 | $129,100 |
| 2013 | -- | $159,100 | $30,000 | $129,100 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/02/2026 02/02/26 | Pending | -- | -- | -- |
| 12/30/2025 12/30/25 | For Sale | $459,900 | -- | $214 / Sq Ft |
Source: NorthstarMLS
MLS Number: 7001616
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