577 7th Ave Newport, MN 55055
Property details
About 577 7th Ave
Prime investment opportunity! This well-maintained fourplex features two, two-bedroom units and two, one-bedroom units, all currently occupied, making it a ready-to-go income-generating property. Each unit offers its own deck or patio, providing tenants with private outdoor space. The large lot includes two driveways and a three-car garage, offering ample parking and convenience. Additional income potential with coin-operated laundry on-site. Situated in a desirable location with easy access to highways, shopping, and amenities, this property is an excellent addition to any portfolio.
Highlights
Summary
- MLS Number: 6693610
- MLS Name: NORTHSTAR
- Office Name: Lakes Sotheby's International Realty
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Last updated on: 4/13/2025, 11:22:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$489,900
577 7th Ave
$5,818
closing credit¹
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0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 22, 2019 | Home Sold | $252,500 |
| Mar 04, 2016 | Home Sold | $227,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2022 | $283,700 | $4,730 |
| 2021 | $273,700 | $5,142 |
| 2020 | $270,300 | $4,978 |
| 2019 | $243,000 | $4,558 |
| 2018 | $219,500 | $4,314 |
| 2017 | $219,500 | $4,366 |
History based on county public records data.
Nearby schools
6
Newport Elementary School
Public District PK-5
0.2 mi
•851 6th Ave
7
Nuevas Fronteras Spanish Immersion
Public District KG-5
1.5 mi
•1020 3rd St
3
Kaposia Education Center
Public District PK-5
1.8 mi
•1225 1st Ave S
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $61,585. Residents of Newport, MN typically earn between $35k-100k each year. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Extreme Sports
Soccer
NASCAR
Where do the neighbors shop?
Academy Sports & Outdoors
Old Navy
Dick's Sporting Goods
Where do the neighbors go to eat?
Little Caesars
Jimmy Johns
Arbys
What do the neighbors drive?
Chevrolet
GMC
Ram
What do the neighbors listen to?
Country
New Country
Adult Hits
This home is located at 577 7th Ave in Newport, MN and zip code 55055. This 2,146 square foot home was built in 1900. Features: 0 bathroom. It has been listed on Rocket Homes since March 31, 2025 and is currently priced at $489,900.