5531 Maryland Avenue N New Hope, MN 55428
Active Contingent MLS# 6824795
8 beds 4 baths 5,536 sq ft Multi-family
Details for 5531 Maryland Avenue N
MLS# 6824795
Description for 5531 Maryland Avenue N, New Hope, MN, 55428
Fantastic opportunity to own a turn-key, fully rented four-plex with great cash flow. Conveniently located in a nice New Hope neighborhood. This property feels more like four townhomes rather than your typical 4-plex making it very desirable for renters. Each renter pays gas, electric, water and sewer. All units have separate utilities and meters. Property has a common backyard and two patios shared by two units. Don't miss this fantastic opportunity for a great income producing investment property!
Listing Information
Property Type: Multi-family, Four Plex
Status: Active Contingent-Inspection
Bedrooms: 8
Bathrooms: 4
Lot Size: 0.55 Acres
Square Feet: 5,536 sq ft
Year Built: 1979
Foundation: 3,044 sq ft
Garage: Yes
Stories: Split Entry (Bi-Level)
Subdivision: Church View Estates
Number Of Units Total: 4
County: Hennepin
Days On Market: 141
Construction Status: Previously Owned
School Information
District: 281 - Robbinsdale
Additonal Room Information
Laundry: Washer Hookup, Laundry Room, Electric Dryer Hookup, Gas Dryer Hookup, Lower Level, Sink
Interior Features
Square Footage above: 2,756 sq ft
Square Footage below: 2,780 sq ft
Basement: Finished (Livable), Full, Walkout, Single Tenant Access, Storage Space
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Heating: Forced Air, Natural Gas
Exterior / Lot Features
Attached Garage: Attached Garage
Garage Spaces: 8
Parking Description: Garage Door Opener, Attached Garage, Driveway - Asphalt, Garage Dimensions - 19x20 each, Garage Sq Ft - 1520.
Exterior: Brick/Stone, Stucco
Roof: Age Over 8 Years, Asphalt Shingles
Lot Dimensions: 128 x 188
Zoning: Residential-Multi-Family
Topography: Level
Additional Exterior/Lot Features: Tree Coverage - Light, Public Transit (w/in 6 blks), Road Frontage - Paved Streets, City, Curbs
Community Features
Association Amenities: Other, Patio
Unit Information
Unit 1 Units Total: 4
Unit 1 Actual Rent: 1650
Unit 1 Baths Total: 1
Unit 1 Beds Total: 2
Unit 1 Rooms Total: 4
Driving Directions
Bass Lake Road to Maryland Avenue, South on Maryland Avenue to home.
Financial Considerations
Tenant Pays: Broadband,Cable T.V.,Electric,Gas,Insurance,Sewer,Telephone,Water
Owner Pays: Exterior Maintenance,Grounds Care,HVAC Maintenance,Insurance,Lawn,Maintenance/Repair,Management,Repairs,Roof Maintenance,Snow,Taxes,Trash
Gross Income: 77940
Tax/Property ID: 0511821340076
Tax Amount: 11668
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Keller Williams Premier Realty
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 5531 Maryland Avenue N
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 5531 Maryland Avenue N
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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