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$459,900

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 6 Total Beds
  • 3 Car Garage
  • Updated 9 days ago

Next open house:

Open House: 2:00 PM - 2:30 PM

Sunday 1/18 2:00 PM - 2:30 PM

577 7th Avenue,Newport, MN 55055

577 7th AvenueNewportMN55055

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This four-unit property in Newport offers a practical and versatile multifamily layout on a large corner lot. The unit mix includes two 2-bedroom units and two 1-bedroom units, all with one bathroom. Two units have been recently renovated, providing a blend of updated and value-add potential. The building features separate electric meters for each unit, coin-operated laundry in the basement, three garage stalls, and two oversized driveways for convenient parking. The generous lot size and corner location add to the overall functionality of the property. With its thoughtful layout, parking amenities, and recent updates, this property offers flexibility for a variety of ownership strategies.

Full Property Details for 577 7th Ave

General

  • Price: $459,900
  • Taxes: $5,510 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7001616
  • Updated: 12/31/2025
  • Added to Site: 17 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Laundry: Lower Level, Lower Level

Additional Information

  • Shared Amenities: Coin-op Laundry Owned

Parking

  • Garage: Yes
  • Garage Spaces: 3
  • Parking Features: Detached Garage, Asphalt

Location

  • County: Washington
  • Township: Newport
  • Subdivision: Newport Town
  • Driving Directions: Hwy 61 to Glen Road. East to 7th.

School Information

  • School District: 2290 - South Washington County
  • High School District: South Washington County

Heating & Cooling

  • Heating Type: Hot Water
  • Heating Fuel: Natural Gas

Utilities

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

Structural Information

  • Basement: Yes
  • Basement Desc.: Full, Shared Access, Storage/Locker, Storage Space
  • Foundation Size: 1086
  • Disability Access: None
  • Square Feet: 2,146
  • Above Ground: 2,146 Sq. Ft.
  • Year Built: 1900

Unit Information

  • Units w/Refrigerators: 5

Lot Features

  • Lot Size (Acres): 0.344
  • Lot Dimensions: 100 x 150
  • Zoning: Residential-Single Family

Financial Considerations

  • Operating Expenses: $7,550
  • Tax Amount: $5,510
  • Tax Year: 2025
  • Terms: Contract for Deed, Conventional, VA, FHA, Cash
  • Tenant Pays: Electricity, Gas
  • Pays Electric: Tenant Pays
  • Pays Gas: Tenant Pays

Disclosures and Reports

  • Legal Description: LOTS 1 & 3 BLOCK 54 TOWN OF NEWPORT BLOCK 54 LOT 1 SUBDIVISIONCD 55030 SUBDIVISIONNAME NEWPORT TOWN OF BLOCK 54 LOT 3 SUBDIVISIONCD 55030 SUBDIVISIONNAME NEWPORT TOWN OF
  • Property ID: 102722220071

Listed by Compass

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— 577 7th Ave —

  • Compass

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NMLS#: 1598647

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Schools serving 577 7th Ave

School District:South Washington County School District
NameGradesDistance
Newport Elementary School
851 6th Avenue, Newport, MN 55055
PK-50.2 mi
Oltman Middle School
6625 Goodview Avenue South, Cottage Grove, MN 55016
6-81.3 mi
East Ridge High School
4200 Pioneer Drive, Woodbury, MN 55129
9-123.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 577 7th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/30/2025
Listed
$459,900
82.14%
MLS
1/15/2019
Sold
$252,500
—
Public Record
Get Price Alerts and Save Property
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 577 7th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,510
16%
$316,800
12%
2023
$4,730
—
$283,700
4%
2023
$4,730
-5%
$273,700
1%
2021
$4,978
9%
$270,300
11%
2020
$4,558
6%
$243,000
11%
2019
$4,314
-1%
$219,500
—
2018
$4,366
39%
$219,500
38%
2017
$3,152
-4%
$159,100
—
2016
$3,272
3%
$159,100
—
2015
$3,192
-6%
$159,100
—
2014
$3,384
—
$159,100
—
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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Listed by Compass

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577 7th Avenue, Newport, MN 55055 (MLS# 7001616) is a Multi-Family property with 4 units containing 6 bedrooms and 0 full bathrooms. 577 7th Avenue is currently listed for $459,900 and was received on December 30, 2025. Want to learn more about 577 7th Avenue? Do you have questions about finding other Multi-Family real estate for sale in Newport? You can browse all Newport real estate or contact a Coldwell Banker agent to request more information.

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