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Active NEW!
$450,000
/mo Edit
Multi-family:  2 Stories
5 br • 2 ba • Built 1890
2,075 sqft • 0.32 acres
MLS# 7018568
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    Property Description

    Almost completely rebuilt in approximately 2002, this up and down duplex blends historic character with extensive modern updates and strong investment appeal. Originally built in 1890 and offering two units with a total of five bedrooms and two bathrooms, the property sits on a spacious 0.32 acre corner lot in a quiet Newport neighborhood near parks and schools. The upper unit features two bedrooms, a full bath, and a large eat in kitchen that opens to comfortable living space, while the lower unit offers three bedrooms or two plus an office, a beautifully tiled three quarter bath, generous living and dining areas, and a large private deck. Both units include their own washer and dryer, central air, and separate furnaces, along with newer refrigerators, stoves, microwaves, and laundry appliances. Major recent improvements include a new roof on the house and garage, new rubber flat roof sections, new siding, and new gutters in 2024, plus all three exterior doors replaced, a new garage service door, a new lower unit deck, and a new upper entry deck in 2025. The upper unit furnace and both air conditioning units have been replaced. Water and hot water are shared and paid by the landlord with a single water heater, while all other utilities are split. A two car detached garage and spacious yard complete this well maintained property, ideal for owner occupants or investors seeking a solid, updated duplex.

    Listing

    Contingency: None
    Price per sq ft: $217
    City: Newport
    County: Washington
    State: MN
    Property Style: 2 Stories
    Zip Code: 55055

    Interior

    Living Area: 2,075 ft2
    Refrigerators: Two
    Basement Details: Partial

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Dimensions: 22x24
    Garage Size: 576 ft2
    Foundation Size: 1,034 ft2
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features: Detached Garage
    Shared Amenities: None
    Road Frontage: Paved Streets
    Exterior Material: Block
    Roof Details: Asphalt

    Rooms

    Laundry:
    • In Basement
    • In Unit
    • Upper Level

    Lot & Land

    Acres: 0.32
    Geolocation: 44.8602319753, -93.005454706
    Lot Dimensions: 100 x 150
    Zoning:
    • Residential-Multi-Family
    • Residential-Single Family
    Lot Description: Corner Lot

    Schools

    School District: 2290
    District Phone: 6514256300

    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: Electricity, Gas, Grounds Care, Maintenance, Snow Removal, Trash Collection

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $5,354
    Lender-owned: Yes
    Assessment Pending: No
    Taxes w/ Assessments: $5,354

    Income

    Annual Gross Income: None

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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    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 Keller Williams Premier Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.