Solid investment opportunity in a desirable New Hope location! This fully rented 4-unit property offers an attractive combination of established rental income and a well-maintained building. Each unit provides comfortable living space, while the clean, well-kept common areas create a welcoming environment for residents and add to the overall appeal of the property. With all four units currently leased, this is an excellent opportunity for an investor looking for a property with established occupancy and income already in place. Conveniently located near shopping, dining, parks, schools, and major roadways, this property offers both tenant appeal and long-term investment potential.
Pending
$550,000
2701 Virginia Ave N, New Hope, MN 55427
7beds
4baths
3,200sqft
Fourplex
Built in 1965
-- sqft lot
$541,600 Zestimate®
$172/sqft
$-- HOA
What's special
Clean well-kept common areasComfortable living spaceWell-maintained building
- 25 days
- 275
- 37
Zillow last checked:
Listing updated:
Listed by:
Kerby & Cristina Real Estate Experts 612-268-1637,
RE/MAX Results,
David Thomas Lee 763-923-4525
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7132082
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- Hot Water
Appliances
- Laundry: In Basement, Common Area, Laundry Room, Sink, Coin-op Laundry Owned
Features
- Basement: None
Interior area
- Total structure area: 3,200
- Total interior livable area: 3,200 sqft
- Finished area above ground: 3,200
- Finished area below ground: 0
Property
Parking
- Parking features: Asphalt, Parking Lot, Paved Lot
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Pool features: None
- Fencing: None
Lot
- Size: 0.32 Acres
- Dimensions: 93 x 149.4
- Features: Near Public Transit
Details
- Foundation area: 1600
- Parcel number: 1911821440077
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Fourplex
Condition
- New construction: No
- Year built: 1965
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Twin Terra Linda 4th
HOA
- Amenities included: Coin-op Laundry Owned
Location
- Region: New Hope
Financial & listing details
- Price per square foot: $172/sqft
- Tax assessed value: $497,000
- Annual tax amount: $9,718
- Date on market: 9/28/2026
- Cumulative days on market: 26 days
- Tenant pays: Cable TV, Electricity
Estimated market value
$541,600
$515,000 - $569,000
$2,226/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/15/2026 | Pending sale | $550,000$172/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7132082 Report a problem | ||
| 9/28/2026 | Listed for sale | $550,000$172/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7132082 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $9,718 +3% | $497,000 |
| 2025 | $9,439 +5.6% | $497,000 |
| 2024 | $8,939 +2.2% | $497,000 |
| 2023 | $8,746 -0.2% | $497,000 +1.2% |
| 2022 | $8,761 +7% | $491,000 +8.9% |
| 2021 | $8,188 +13.7% | $451,000 +7.1% |
| 2020 | $7,200 -12.1% | $421,000 +18.9% |
| 2019 | $8,188 +13.7% | $354,000 +7.6% |
| 2018 | $7,200 +14.7% | $329,000 +22.8% |
| 2017 | $6,276 +13% | $268,000 +5.1% |
| 2016 | $5,555 +2.7% | $255,000 +13.3% |
| 2015 | $5,407 +13.8% | $225,000 +9.8% |
| 2014 | $4,752 +5.8% | $205,000 |
| 2013 | $4,492 -5.2% | $205,000 -8.9% |
| 2012 | $4,739 +2.2% | $225,000 -4.3% |
| 2011 | $4,636 +2.7% | $235,000 -6% |
| 2010 | $4,513 -24.7% | $250,000 -28.8% |
| 2009 | $5,989 -6.1% | $351,000 -6.4% |
| 2006 | $6,376 +1% | $375,000 +7.1% |
| 2005 | $6,314 +15.2% | $350,000 +25.9% |
| 2004 | $5,481 +12.1% | $278,000 +32.4% |
| 2002 | $4,891 -40.8% | $210,000 |
| 2001 | $8,268 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 55427
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