2701 Virginia Avenue N New Hope, MN 55427 MLS# 7132082 Status: Pending 7 beds | 4 baths | 3200 sqft
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Property Description 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.
Details
Maps
Contract Information
Status: Pending
Off Market Date: 2026-10-15
Contingency: None
Current Price: 550000
Original List Price: 550000
ListPrice: 550000
List Date: 2026-09-28
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1965
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 7
Baths Total: 4
Main Floor Total SqFt: 1600
Above Ground SqFt: 3200
Total SqFt: 3200
Foundation Size: 1600
Style: (MF) Four Plex
Total Finished Sqft: 3200.00
Lot Dimensions: 93 X 149.4
Acres: 0.32
Assessment Pending: No
Location Tax and Other Information
House Number: 2701
Street Name: Virginia
Street Suffix: Avenue
Street Direction Suffix: N
Postal City: New Hope
County: Hennepin
State: MN
Zip Code: 55427
Complex/Dev/Subdivision: Twin Terra Linda 4th
Assessments
Tax With Assessments: 9718.34
Building Information
Finished SqFt Above Ground: 3200
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 21
Section#: 19
Township#: 118
Unit 1
Furnished?: No
Leased?: Yes
Level: 2nd Level
Unit Number: 1
Finished SqFt: 716
Full Baths: 1
No. of Units Like This: 2
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 4
Unit 2
Furnished?: No
Leased?: Yes
Level: Below Ground
Unit Number: 2
Finished SqFt: 716
Full Baths: 1
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 4
Unit 3
Furnished?: No
Leased?: Yes
Level: Below Ground
Unit Number: 3
Finished SqFt: 489
Full Baths: 1
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 3
Unit Details
Total Units: 4
Property Features
Accessible: None
Amenities Shared: Coin-op Laundry Owned
Assumable Loan: Not Assumable
Basement: None
Construction Status: Previously Owned
Exterior: Brick/Stone
Fencing: None
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Hot Water
Laundry: Common Area; In Basement; Laundry Room; Sink