$899,900

5531 Maryland Avenue NNew Hope, MN 55428

Type: Multi-Family

4 Units

Description

Fantastic opportunity to own a turn-key, fully rented four-plex with great cash flow. Conveniently located in a nice New Hope neighborhood. This property feels more like four townhomes rather than your typical 4-plex making it very desirable for renters. Each renter pays gas, electric, water and sewer. All units have separate utilities and meters. Property has a common backyard and two patios shared by two units. Don't miss this fantastic opportunity for a great income producing investment property!

MLS ID: 6824795

Directions: Bass Lake Road to Maryland Avenue, South on Maryland Avenue to home.

Contact
an Agent

Property Details

Essential Details

MLS #: 6824795

Listing courtesy of: Keller Williams Premier Realty

Price: $899,900

Type: Multi-Family

Contingency: Inspection

Foreclosure: No

Zoning: Residential-Multi-Family

Total Units: 4

Annual Gross Income: $77,940

Annual Insurance Expense: $6,930

Annual Maintenance Expense: $1,800

Annual Annual Expense: $901

Tenant Pays: Broadband, Cable TV, Electricity, Gas, Insurance, Telephone, Sewer, Water

Owner Pays: Exterior Maintenance, Grounds Care, HVAC Maintenance, Insurance, Repairs, Management, Roof Maintenance, Snow Removal, Taxes, Trash Collection

Parking Features: Attached Garage, Asphalt, Garage Door Opener

Garage Dimensions: 19x20 each

Garage SqFt: 1520

Garage Spaces: 8

Building Details

Owner Occupied: No

Finished SqFt Total: 5,536

Finished Above Grade: 2,756

Finished Below Grade: 2,780

Fireplace: No

Construction Materials: Block, Brick, Frame

AccessibilityFeatures: None

Roof: Age Over 8 Years, Asphalt

Heating: Forced Air

Electric: Circuit Breakers

Style: Fourplex

Foundation Area: 3,044

Sewer: City Sewer/Connected

Water Source: City Water/Connected

Present Use: Yearly

Number of Refrigerators: Four

Lot Details

Complex/Dev/Sub Name: Church View Estates

Lot Dimensions: 128 x 188

Fence: None

Road Frontage: City Street, Curbs, Paved Streets

School Information

District: Robbinsdale

District Number: 281

District Phone: 7635048000

Community Information

County: Hennepin

Survey Range: 21

Survey Section: 05

Survey Township: 118

Taxes

Tax Year: 2025

Tax Amount: $11,668

Assessment Pending: No

Taxes w/Assessments: $11,668

This listing was last updated by Keller Williams Premier Realty on 6/9/2026 at 10:54 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 6/16/2026 6:06 pm.

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 Twin Cities 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.

Mortgage
Calculator

Estimate your Monthly Payment

Update the values to calculate a rough estimate of a monthly payment.

Listing Price ($)

Down Payment ($)

Loan Length (years)

Interest Rate (%)

Monthly Payment*

$000

*Note the monthly payment estimate does not include property taxes or insurance.

You are viewing the Twin Cities, MN site. Switch to: Winona, MN | Rochester, MN | La Crosse, WI