$425,000

465 3rd Avenue, Newport, MN 55055

  • 5 beds |
  • 2 baths |
  • 2,075 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1890
  • Property Lot Size Icon0.32acre lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $205/sqft
  • Property List Date Icon Listed 21 days ago

Property Description

Almost completely rebuilt in approximately 2002, this up and down duplex blends historic character with extensive modern updates and strong investment appeal. Originally built in 1890 and offering two units with a total of five bedrooms and two bathrooms, the property sits on a spacious 0.32 acre corner lot in a quiet Newport neighborhood near parks and schools. The upper unit features two bedrooms, a full bath, and a large eat in kitchen that opens to comfortable living space, while the lower unit offers three bedrooms or two plus an office, a beautifully tiled three quarter bath, generous living and dining areas, and a large private deck. Both units include their own washer and dryer, central air, and separate furnaces, along with newer refrigerators, stoves, microwaves, and laundry appliances. Major recent improvements include a new roof on the house and garage, new rubber flat roof sections, new siding, and new gutters in 2024, plus all three exterior doors replaced, a new garage service door, a new lower unit deck, and a new upper entry deck in 2025. The upper unit furnace and both air conditioning units have been replaced. Water and hot water are shared and paid by the landlord with a single water heater, while all other utilities are split. A two car detached garage and spacious yard complete this well maintained property, ideal for owner occupants or investors seeking a solid, updated duplex.

Listing Status:
Active
Data Last Updated:
March 12, 2026 at 10:18PM
Listing Office:
Keller Williams Premier Realty : 651-379-1500
MLS ID:
7018568
  • Laundry: In BasementIn UnitUpper Level
  • Basement: Partial
  • Heating: Forced Air
  • Parking: Detached Garage
  • Roofing: Asphalt
  • General: Two
  • Road/Access: Paved Streets
  • HOA Amenities: None
  • Originating MLS: northstar
  • School District: South Washington County
  • County: Washington
  • Zoning: 0202722110034
  • Fencing: None
  • Utilities: Circuit Breakers
  • Water: City Water/Connected
  • Sewer: City Sewer/Connected
  • Source: northstar

This listing courtesy of Keller Williams Premier Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

N

Newport Elementary School

851 6th Ave, Newport, MN, 55055

Grades PK-5

0.28 miles away

O

Oltman Middle School

6625 Goodview Ave S, Cottage Grove, MN, 55016

Grades 6-8

1.46 miles away

N

Next Step Transition Program

7155 80th St S, Cottage Grove, MN, 55016

Grades 12-12

2.87 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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