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$600,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 12 Total Beds
  • Updated 12 days ago
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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.

Full Property Details for 1016 Newton Ave N

General

  • Price: $600,000
  • Taxes: (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7135334
  • Updated: 9/30/2026
  • Added to Site: 13 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 12

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Oak Park Add
  • Neighborhood: 57
  • Driving Directions: From HWY 55, north on Penn, right on oak park, property is on the right.

School Information

  • School District: 1 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Basement: Yes
  • Basement Desc.: Block
  • Foundation Size: 2112
  • Disability Access: None
  • Square Feet: 4,196
  • Above Ground: 4,196 Sq. Ft.
  • Finished Down/Base.: 4,196 Sq. Ft.
  • Year Built: 1921

Lot Features

  • Lot Size (Acres): 5,331.94
  • Lot Dimensions: 42.05 x 126.8
  • Zoning: Residential-Multi-Family

Financial Considerations

  • Operating Expenses: $18,220.64
  • Tax Year: 2024
  • Terms: Conventional, VA, FHA, Cash
  • Owner Pays: Insurance, Grounds Care, Snow Removal
  • Tenant Pays: Broadband, Cable TV, Electricity, Gas, Telephone
  • Pays Cable: Tenant Pays
  • Pays Electric: Tenant Pays
  • Pays Gas: Tenant Pays

Disclosures and Reports

  • Legal Description: LOT 019 BLOCK 025 OAK PARK ADDN TO MPLS
  • Property ID: 2102924220035

Listed by RE/MAX Results

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— 1016 Newton Ave N —

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Schools serving 1016 Newton Ave N

School District:Minneapolis Public School District
NameGradesDistance
Bryn Mawr Elementary School
252 Upton Avenue South, Minneapolis, MN 55405
PK-51.2 mi
Anwatin Middle Com & Spanish D I
256 Upton Avenue South, Minneapolis, MN 55405
6-81.1 mi
North Academy Senior High
1500 James Avenue North, Minneapolis, MN 55411
9-120.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1016 Newton Ave N Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/29/2026
Listed
$600,000
211.69%
MLS
6/26/2020
Sold
$192,500
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1016 Newton Ave N

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,799
-6%
$358,000
-10%
2025
$7,258
16%
$398,000
2%
2023
$6,238
-6%
$390,000
-5%
2023
$6,618
—
$411,000
5%
2023
$6,618
10%
$393,000
15%
2020
$6,018
15%
$340,500
18%
2019
$5,236
14%
$288,500
15%
2018
$4,603
31%
$251,000
43%
2017
$3,521
16%
$175,500
21%
2016
$3,041
2%
$145,000
7%
2015
$2,990
6%
$135,500
15%
2014
$2,822
-5%
$118,000
-5%
2013
$2,973
—
$124,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1016 Newton Avenue N, Minneapolis, MN 55411 (MLS# 7135334) is a Multi-Family property with 4 units containing 12 bedrooms and 0 full bathrooms. 1016 Newton Avenue N is currently listed for $600,000 and was received on September 29, 2026. Want to learn more about 1016 Newton Avenue N? Do you have questions about finding other Multi-Family real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.

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