1016 Newton Avenue N - Photo 1
1 / 18
1016 Newton Avenue N
1016 Newton Avenue N
1016 Newton Avenue N
1016 Newton Avenue N
1016 Newton Avenue N

1016 Newton Avenue N, Minneapolis, MN 55411 - MLS# 7135334

MLS® #: 7135334|Days on Market: 22|Listed: Sep 29, 2026

$585,000

$600,000↓ 2.5%
Bedrooms
12
Bathrooms
4
Square Feet
4,196
Year Built
1921
Property Type
Residential Income
Heating
Natural Gas, Forced Air
Days on Market
22
School District
1 - Minneapolis

Massive hard to find Cash flowing 4 unit building featuring 12 beds and 4 baths in Near North, perfect for the owner occupier to supplement living expenses or the investor alike with the building's fully occupied rent total potential sitting right around $100,000 annually. All 4 units feature nice newer eat in kitchens with stone countertops, 3 nice sized bedrooms, newer baths, and more. Each unit also has separate furnaces and water heaters, plus there is a large parking area out back for off street parking.

1016 Newton Avenue N, Minneapolis, MN 55411

Ask an Agent

Interior Information

BasementBlock
HeatingForced Air
FuelNatural Gas

Size & Levels

LevelsTwo
Total Finished Sq Ft4,196 sq ft
Above Grade Finished4,196 sq ft
Main Level Finished2,112 sq ft

Exterior & Parking

ExteriorStucco
FoundationBlock

Lot & Utilities

Property SubtypeFourplex
Lot Size5,331.94 square feet
Lot Dimensions42.05x126.8
ZoningResidential-Multi-Family
SubdivisionOak Park Add
TownshipMinneapolis
CountyHennepin
SewerCity Sewer/Connected
WaterCity Water/Connected

Financial & Tax Information

Annual Taxes$0
Tax Year2024
Tax w/ Assessments$0
Parcel Number2102924220035
Financing OptionsConventional, VA, FHA, Cash
List TypeExclusive Right To Sell

Location

Call 612-356-2121For Showings and Questions

Neighborhood at a Glance

In this neighborhood, homes were most commonly built in 1939 or earlier, about 53% of occupied homes are owner-occupied, and the average commute is 21 minutes.

Cost of Ownership

Median home value

$280,200

Lower than the Minneapolis median

The midpoint of estimated values for owner-occupied homes.

Median property taxes paid

$3,122/yr

Lower than the Minneapolis median

The midpoint of annual property taxes paid by homeowners.

Typical monthly owner costs (with mortgage)

$1,769/mo

Lower than the Minneapolis median

Median monthly housing costs for owners with a mortgage.

Typical monthly owner costs (no mortgage)

$700/mo

Lower than the Minneapolis median

Median monthly housing costs for owners without a mortgage.

Homes in the Area

Owner-occupied homes

53%

Higher than Minneapolis overall

The share of occupied homes lived in by their owners.

Median year built

1955

Similar to the Minneapolis median

The midpoint of years when homes in the area were built.

Home age by decade

The share of homes built during each period.

  • 1939 or earlier47%

Types of homes

The share of housing units in each building type.

  • Single-family detached59%
  • 2-4 units29%

Getting Around

Average commute

21 min

Similar to the Minneapolis median

The average one-way travel time to work for commuters.

How people get to work

The share of workers using each listed way to get to work.

  • Drive alone61%
  • Work from home21%

Homes with broadband

97%

Higher than Minneapolis overall

The share of households with a broadband internet subscription.

Estimates for the surrounding census tract, not this specific home.

Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Schools

Minneapolis Public School District

This home is in the Bryn Mawr Elementary, Anwatin Middle and North High attendance areas of Minneapolis Public School District.

Elementary

Bryn Mawr Elementary

Grades PK-5 · 1.1 mi away

Enrollment
431
Students per teacher
9.6

252 Upton Ave S, Minneapolis, MN 55405

(612) 668-2500

Middle

Anwatin Middle

Grades 6-8 · 1.2 mi away

Enrollment
334
Students per teacher
11.9

256 Upton Ave S, Minneapolis, MN 55405

(612) 668-2450

High

North High

Grades 9-12 · 0.5 mi away

Enrollment
591
Students per teacher
11.2

1500 James Ave N, Minneapolis, MN 55411

(612) 668-1700

School assignments can change. Verify enrollment with Minneapolis Public School District.

Sources: Minnesota Department of Education attendance areas (2025-26); NCES Common Core of Data 2024 via the Urban Institute Education Data Portal.

Broker Reciprocity logo
Listed by: RE/MAX Results
Source: NorthstarMLS

Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. 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 Pederson Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.