1016 Newton Avenue N, Minneapolis, MN 55411 (MLS# 7135334)

1016 Newton Avenue N, Minneapolis, MN 55411

$600,000
Property Type: Multi-Family Bedrooms: 12 Baths: 4 Square Footage: 4,196 Lot Size (sq. ft.): 5,332 Status: Active
Current Price: $600,000 List Date: 9/29/2026 Last Modified: 10/08/2026

Overview

Description

Massive hard to find Cash flowing 4 unit building featuring 12 beds and 4 baths in Near North, perfect for the owner occupier to supplement living expenses or the investor alike with the building's fully occupied rent total potential sitting right around $100,000 annually. All 4 units feature nice newer eat in kitchens with stone countertops, 3 nice sized bedrooms, newer baths, and more. Each unit also has separate furnaces and water heaters, plus there is a large parking area out back for off street parking.

Listing Details MLS# 7135334

General Property Information

Lot Measurement
Square Feet
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1921
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
2112
Above Ground SqFt
4196
Total SqFt
4196
Foundation Size
2112
Lot Size SqFt
5331.94
Style
(MF) Four Plex
Total Finished Sqft
4196.00
Lot Dimensions
42.05x126.8
Assessment Pending
Unknown

Property Features

Accessible: None Basement: Concrete Block Construction Status: Previously Owned Exterior: Stucco Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Owner Pays: Insurance; Lawn; Snow Removal Rental License Type: Standard Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Stories: Two Tenant Pays: Broadband; Cable TV; Electricity; Gas; Telephone Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
600000
ListPrice
600000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
1016
Street Name
Newton
Street Suffix
Avenue
Street Direction Suffix
N
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55411
Complex/Dev/Subdivision
Oak Park Add

Building Information

Finished SqFt Above Ground
4196

Income and Expenses

Annual Gross Expenses
11421.96
Annual Gross Income
92160
Annual Insurance Expense
7821.96
Annual Trash Expense
1800
Annual Water/Sewer Expense
18000
Misc. Annual Income
73939.36
Total Annual Expenses
18220.64

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
21
Township#
29

Unit 1

Furnished?
No
Leased?
No
Unit Number
Yes
Annual Rent
23940
Finished SqFt
1049
Full Baths
Yes
Monthly Rent
1995
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
3
Total Rooms
6

Unit 2

Furnished?
No
Leased?
Yes
Unit Number
2
Annual Rent
23940
Finished SqFt
1049
Full Baths
Yes
Monthly Rent
1995
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
3
Total Rooms
6

Unit 3

Furnished?
No
Leased?
No
Unit Number
3
Annual Rent
21540
Finished SqFt
1049
Full Baths
Yes
Monthly Rent
1795
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
3
Total Rooms
6

Unit 4

Furnished?
No
Leased?
Yes
Unit Number
4
Annual Rent
22740
Finished SqFt
1049
Full Baths
Yes
Monthly Rent
1895
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
3
Total Rooms
6

Unit Details

Total Units
4
IDX
Listing Office: RE/MAX Results
Last Updated: October - 08 - 2026
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. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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