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  • $500,000

    7900 40th Ave N, New Hope, MN 55427

    6beds
    4baths
    2,536sqft
    Multi Family
    Built in 1969
    -- sqft lot
    $545,600 Zestimate®
    $197/sqft
    $1,993 Estimated rent

    Home value

    $545,600

    $518,000 - $573,000

    $1,993/mo

    Zestimate® history
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    $1,993/mo

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    $3,141/mo

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    $3,141/mo

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    What's special

    Amazing opportunity to own a beautiful side by side duplex! Built on the oversized treed lot, you will be immediately impressed by the pride in ownership and attention to detail including two new concrete driveways and terraced retaining wall gardens. The property was owner occupied, owned by the same family since built. Upon entering the home you will find red oak floors and a freshly painted interior. The living room is very large with big sunny windows! Very functional main-floor eat in kitchen has great flow in and out. Dishwashers in both units. The bathrooms are bright, clean and move in ready. Each unit has its own washer and dryer plus a family room with new carpet and 1/2 bath on the lower level with a walkout to the gentle sloping backyard. Spacious attached two-car garage for each unit. Clean city inspections just completed and available upon request. Both sides are available now and ready for the next owner! Excellent opportunity for homesteading or income generation.

    Zillow last checked:

    Listing updated:

    Listed by:

    Gregory J Hammer 612-819-4400,

    John Thomas Realty,

    Thomas F Meany 612-501-9934

    Bought with:

    Michael J Pahl

    Compass

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6490796MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    Heating
    • Forced Air
    Appliances
    • Laundry: Lower Level, Sink, In Unit
    Features
    • Basement: Finished,Walk-Out Access
    Interior area
    • Total structure area: 2,536
    • Total interior livable area: 2,536 sqft
    • Finished area above ground: 1,440
    • Finished area below ground: 1,096

    Property

    Parking
    • Total spaces: 4
    • Parking features: Attached
    • Attached garage spaces: 4
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Pool features: None
    Lot
    • Size: 0.42 Acres
    • Dimensions: 174 x 100 x 172 x 115
    Details
    • Foundation area: 1440
    • Parcel number: 1811821410015

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Roof: Age Over 8 Years,Asphalt
    Condition
    • New construction: No
    • Year built: 1969

    Utilities & green energy

    • Gas: Natural Gas
    • Sewer: City Sewer/Connected
    • Water: City Water/Connected

    Community & neighborhood

    Location
    • Region: New Hope
    • Subdivision: Hopewood Hills

    Price history

    DateEventPrice
    2/13/2026Listing removed$2,175$1/sqft
    Source: Zillow Rentals Report a problem
    2/9/2026Price change$2,175-2.2%$1/sqft
    Source: Zillow Rentals Report a problem
    1/5/2026Price change$2,225-2.2%$1/sqft
    Source: Zillow Rentals Report a problem
    11/28/2025Listed for rent$2,275$1/sqft
    Source: Zillow Rentals Report a problem
    3/14/2024Sold$500,000+6.6%$197/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6490796 Report a problem
    2/29/2024Pending sale$469,000$185/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6490796 Report a problem
    2/25/2024Listing removed--
    Source: NorthstarMLS as distributed by MLS GRID #6490796 Report a problem
    2/23/2024Listed for sale$469,000+294.1%$185/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6490796 Report a problem
    12/19/1996Sold$119,000$47/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,529 -3.2%$448,900 +5.3%
    2024$6,744 +25.2%$426,300 -6.6%
    2023$5,385 -0.4%$456,200 +23.3%
    2022$5,407 +11.2%$370,000 +7.6%
    2021$4,863 +2.6%$344,000 +10.6%
    2020$4,740 -2.5%$311,000 +6.5%
    2019$4,863 +2.6%$292,000 +15.4%
    2018$4,740 +33.2%$253,000 +13.5%
    2017$3,560 +0.1%$223,000 +19.9%
    2016$3,558 +20.3%$186,000 +10.7%
    2015$2,958 +13.3%$168,000 +12%
    2014$2,611 0%$150,000 -8%
    2013$2,611 +5%$163,000 +0.6%
    2012$2,486 -12.2%$162,000 -13.4%
    2011$2,833 -29.8%$187,000 -33%
    2010$4,036 +1.9%$279,000 -3.1%
    2009$3,961 +26.1%$288,000 +19.9%
    2006$3,141 +10.4%$240,300 +15%
    2005$2,844 +7%$209,000 +15%
    2004$2,658 +13.8%$181,800 +11.9%
    2002$2,336 -45.3%$162,400
    2001$4,273 --

    Find assessor info on the county website

    Neighborhood: 55427

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $545,600
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $545,600