3825-3827 Oregon Avenue N, New Hope, MN 55427 (MLS# 6776389)

3825-3827 Oregon Avenue N, New Hope, MN 55427

$300,000
Property Type: Multi-Family Bedrooms: 8 Baths: 4 Square Footage: 3,198 Lot Size (sq. ft.): 11,761 Status: Closed
Current Price: $300,000 List Date: 10/14/2025 Last Modified: 10/15/2026

Overview

Description

Investment Opportunity: Duplex in New Hope. Discover the potential of this spacious duplex located at 3825 Oregon Ave. N in New Hope. This property features 4 bedrooms and 2 baths, offering ample space and versatility. While it requires some TLC, it presents a fantastic opportunity for those looking to invest in a property with significant upside potential. Priced below market value, this duplex is being sold as-is, providing a unique chance to add value through renovations and updates. The property is currently on a month-to-month lease, generating rental income. However, the current rent is under market rates, offering the potential for increased revenue with adjustments. This duplex is perfect for investors seeking a property with room for improvement and the opportunity to build equity. Don't miss out on this chance to invest in a property with great potential.

Listing Details MLS# 6776389

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1959
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
1614
Above Ground SqFt
1614
Below Grd Total SqFt
1584
Total SqFt
3198
Foundation Size
1584
Style
(MF) Duplex Side X Side
Total Finished Sqft
3040.00
Lot Dimensions
78x147x78x153
Acres
0.27
Assessment Pending
Unknown

Property Features

Accessible: None Basement: Concrete Block; Egress Windows; Full Construction Materials: Block Construction Status: Previously Owned Electric: Circuit Breakers Exterior: Fiber Board Financing Terms: Cash Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Laundry: In Basement Owner Pays: Exterior Maintenance; Grounds Care; HVAC Maintenance; Insurance; Lawn; Maintenance/Repair; Management; Repairs; Roof Maintenance; Sewer; Snow Removal; Taxes; Trash Collection; Water Road Frontage: City Street Roof: Age Over 8 Years Sellers Terms: Cash; Conventional; Conventional Rehab; FHA; FHA Rehab 203k; VA Sewer: City Sewer - In Street Stories: One Tenant Pays: Electricity; Gas Unit 1 Bath Description: 3/4 Basement; Main Floor Full Bath Unit 1 Cooling: Central Unit 1 Dining Room Description: Kitchen/Dining Room Unit 1 Family Room Characteristics: Family Room; Great Room; Lower Level; Main Level Unit 2 Bath Description: 3/4 Basement; Main Floor Full Bath Unit 2 Cooling: Central Unit 2 Dining Room Description: Kitchen/Dining Room Unit 2 Family Room Characteristics: Entertainment/Media Cntr; Family Room; Lower Level; Main Level Water: City Water - In Street

Contract Information

Off Market Date
2025-10-14
Contingency
None
Closed Date
2025-10-14
Original List Price
350000
ListPrice
350000
Sales Close Price
300000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
3825-3827
Street Name
Oregon
Street Suffix
Avenue
Street Direction Suffix
N
Postal City
New Hope
County
Hennepin
State
MN
Zip Code
55427
Complex/Dev/Subdivision
Gwynnco Add

Assessments

Tax With Assessments
7332

Building Information

Finished SqFt Above Ground
1614
Finished SqFt Below Ground
1426

More Information

Income and Expenses

Annual Gross Expenses
14679.23
Annual Gross Income
32370
Annual Insurance Expense
2970.18
Annual Net Income
14721
Annual Repair Expense
960
Annual Water/Sewer Expense
1779.85
Total Annual Expenses
17649

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
21
Section#
17
Township#
118

Unit 1

Furnished?
No
Leased?
No
Unit Number
Yes
3/4 Baths
Yes
Annual Rent
15720
Finished SqFt
1505
Full Baths
Yes
Monthly Rent
1310
No. of Units Like This
Yes
Total Baths
2
Total Bedrooms
4
Total Rooms
10

Unit 2

Furnished?
No
Lease Expiration Date
2025-08-31
Leased?
Yes
Unit Number
2
3/4 Baths
Yes
Annual Rent
16650
Finished SqFt
1505
Full Baths
Yes
Monthly Rent
1375
No. of Units Like This
Yes
Total Baths
2
Total Bedrooms
4
Total Rooms
10

Unit Details

Total Units
2
IDX
Listing Office: Edina Realty, Inc.
Last Updated: October - 15 - 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.