Excellent investment opportunity at 2725 Virginia Ave in Crystal! This well maintained 4-plex multifamily property features four total units, including three 2-bedroom units and one 1-bedroom unit, offering a desirable unit mix for strong rental appeal. The building includes a common laundry room for tenant convenience and added income potential. Located in a quiet residential neighborhood, the property provides easy access to parks, shopping, dining, public transit, and major highways - an ideal location for both tenants and owners. With consistent demand for multi-unit housing in Crystal, this property presents a solid opportunity for investors looking to expand their portfolio or owner-occupy.
Closed
$510,000
2725 Virginia Ave N, New Hope, MN 55427
7beds
4baths
3,200sqft
Fourplex
Built in 1965
-- sqft lot
$515,000 Zestimate®
$159/sqft
$2,462 Estimated rent
Home value
$515,000
$489,000 - $541,000
$2,462/mo
Zestimate® history
Owner options
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$3,225/mo
Est. payment
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$3,225/mo
Est. payment
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Quiet residential neighborhood
Zillow last checked:
Listing updated:
Listed by:
Kerby & Cristina Real Estate Experts 612-268-1637,
RE/MAX Results,
David Thomas Lee 763-923-4525
Bought with:
David B Dirkers
MRG Realty Partners, LLC
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6826678
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- Hot Water
Appliances
- Laundry: Common Area
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, Open
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Pool features: None
- Fencing: None
Lot
- Size: 0.35 Acres
- Dimensions: E 100 x 150 x 95 x 168
Details
- Foundation area: 1600
- Parcel number: 1911821440074
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Fourplex
Materials
- Roof: Age Over 8 Years
Condition
- New construction: No
- Year built: 1965
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Twin Terra Linda 4th
Location
- Region: New Hope
Financial & listing details
- Price per square foot: $159/sqft
- Tax assessed value: $497,000
- Annual tax amount: $9,439
- Date on market: 4/6/2026
- Cumulative days on market: 47 days
Price history
| Date | Event | Price |
|---|---|---|
| 5/4/2026 | Sold | $510,000-5.5%$159/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6826678 Report a problem | ||
| 4/6/2026 | Pending sale | $539,900$169/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6826678 Report a problem | ||
| 2/26/2026 | Listing removed | $539,900$169/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6826678 Report a problem | ||
| 1/10/2026 | Listed for sale | $539,900+169.9%$169/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6826678 Report a problem | ||
| 4/1/2012 | Sold | $200,000-48.4%$63/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1697181 Report a problem | ||
| 2/2/2004 | Sold | $387,500$121/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 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 -4.4% | $351,000 -6.4% |
| 2006 | $6,264 +1.1% | $375,000 +7.1% |
| 2005 | $6,194 +15.7% | $350,000 +25.9% |
| 2004 | $5,353 +12.6% | $278,000 +32.4% |
| 2002 | $4,756 -42.5% | $210,000 |
| 2001 | $8,268 | -- |
Find assessor info on the county website
Neighborhood: 55427
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Nearby schools
GreatSchools rating
- 5/10Neill Elementary SchoolGrades: PK-5Distance: 1 mi
- 2/10Sandburg Middle SchoolGrades: 6-8Distance: 1 mi
- 7/10Robbinsdale Armstrong Senior High SchoolGrades: 9-12Distance: 1.8 mi
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Estimated market value
$515,000
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Estimated market value
$515,000
- Minnesota
- Hennepin County
- New Hope
- 55427
- 2725 Virginia Ave N
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