Added 5 days ago

$309,000

669 Old Highway 8 NWNew Brighton, MN 55112

Type: Multi-Family

2 Units

Description

Welcome to your new investment property! This is a perfect investment for a seasoned investor or somebody just looking to get started, move into a unit when the lease is up, and have the other half of the property pay for many of your living expenses! Per tenants' leases: Unit 1 tenant pays for their own electric, gas, internet/cable, telephone, trash. Landlord pays water. Rent is $1,310/month. Lease ends 07/31/2026. Unit 2 tenants pays $1,225/month and pays for electric, internet cable and telephone. Landlord pays for water/sewer, gas and trash. Lease ends 11/30/2026. Tenants occupy both units so showing times are limited and 24 hour notice is required, please! Seller has never been to the property so sale is "as is".

MLS ID: 7033612

Directions: 35W North to 5th St. NW, right on 5th Ave Nw which become Old HWY 8.

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Property Details

Essential Details

MLS #: 7033612

Listing courtesy of: Financially Free, LLC

Price: $309,000

Type: Multi-Family

Contingency: None

Foreclosure: No

Zoning: Residential-Multi-Family

Total Units: 2

Annual Gross Income: $30,420

Operating Expense: $6,340

Annual Electric Expense: $600

Annual Fuel Expense: $1,250

Annual Insurance Expense: $3,194

Annual Maintenance Expense: $850

Annual Water/Sewer Expense: $640

Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Owner Pays: Exterior Maintenance, Gas, Grounds Care, Repairs, Sewer, Snow Removal, Taxes, Water

Parking Features: Gravel

Building Details

Owner Occupied: No

Finished SqFt Total: 864

Finished Above Grade: 864

Fireplace: No

AccessibilityFeatures: None

Roof: Architectural Shingle

Heating: Baseboard, Forced Air

Foundation Area: 864

Sewer: City Sewer/Connected

Water Source: City Water/Connected

Present Use: Yearly

Lot Details

Complex/Dev/Sub Name: First Add To, New Brighton

Lot Dimensions: 40X124

School Information

District: Mounds View

District Number: 2090

District Phone: 6516216001

Community Information

County: Ramsey

Survey Range: 23

Survey Section: 29

Survey Township: 30

Taxes

Tax Year: 2025

Tax Amount: $4,582

Assessment Pending: Unknown

Taxes w/Assessments: $4,582

This listing was last updated by Financially Free, LLC on 3/13/2026 at 5:05 am.

Information is deemed to be reliable, but is not guaranteed. Such information cannot be duplicated or distributed in any manner without the express written consent of the owning association. Data is deemed reliable but not guaranteed.

Records last updated at 3/18/2026 6:25 am.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity^SM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Castle Realty of Rochester are marked with the Broker Reciprocity^SM logo or the Broker Reciprocity^SM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

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