501 Newton Avenue N - Photo 1
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501 Newton Avenue N
501 Newton Avenue N
501 Newton Avenue N
501 Newton Avenue N
501 Newton Avenue N

501 Newton Avenue N, Minneapolis, MN 55405 - MLS# 7149370

MLS® #: 7149370|Days on Market: 27|Listed: Sep 25, 2026

$325,000

Bedrooms
6
Bathrooms
2
Square Feet
2,278
Acres
0.12
Year Built
1909
Property Type
Residential Income
Heating
Natural Gas, Forced Air
Days on Market
27
School District
1 - Minneapolis

Welcome to 501 Newton Ave N, a spacious up/down duplex in Minneapolis’ Bryn Mawr/Harrison neighborhood offering an excellent opportunity for an investor at the 1% RULE or owner-occupant looking to house hack! See Supplements for RentOMeter rental analysis of ~$1,800/unit With approximately 1,200 finished square feet per unit, this corner property features generous room sizes, hardwood floors, in-unit laundry, and the character you’d expect from a classic Minneapolis duplex. Each unit offers flexible living space with plenty of natural light and comfortable common areas. Live in one unit while renting the other, add this property to your rental portfolio, or explore the potential to maximize rental income over time.

Located just minutes from downtown Minneapolis with convenient access to Theodore Wirth Park, bike trails, neighborhood amenities, coffee shops, bus line and lightrial. Whether you're looking for your first investment property or another solid Minneapolis duplex to add to your portfolio, 501 Newton offers space, location and versatility in one package.

501 Newton Avenue N, Minneapolis, MN 55405

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Interior Information

BasementFull, Unfinished
HeatingBoiler, Forced Air
FuelNatural Gas
LaundryIn Basement, Lower Level, In Unit, Upper Level, Washer Hookup
ElectricCircuit Breakers

Size & Levels

LevelsTwo
Total Finished Sq Ft3,111 sq ft
Above Grade Finished2,278 sq ft
Main Level Finished1,117 sq ft

Exterior & Parking

ExteriorMetal, Vinyl
ConstructionBlock, Post and Beam, Frame
RoofAsphalt, Pitched
FoundationBlock
Patio / PorchCovered, Enclosed, Front Porch, Patio, Screened
ParkingConcrete

Lot & Utilities

Property SubtypeDuplex Up and Down
Lot Size0.12 acres
Lot Dimensions128x40
Lot DescriptionPublic Transit (w/in 6 blks), Corner Lot, Tree Coverage - Light
ZoningResidential-Multi-Family
SubdivisionDrews ADD
TownshipMinneapolis
CountyHennepin
SewerCity Sewer/Connected
WaterCity Water/Connected
Road FrontageCity Street, Paved Streets
FencingChain Link
Power CompanyXcel Energy

Financial & Tax Information

Annual Taxes$4,791
Tax Year2026
Tax w/ Assessments$4,791
Parcel Number2102924320033
Financing OptionsConventional Rehab, Conventional, 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 24% of occupied homes are owner-occupied, and the average commute is 21 minutes.

Cost of Ownership

Median home value

$291,500

Lower than the Minneapolis median

The midpoint of estimated values for owner-occupied homes.

Median property taxes paid

$3,464/yr

Lower than the Minneapolis median

The midpoint of annual property taxes paid by homeowners.

Typical monthly owner costs (with mortgage)

$1,833/mo

Lower than the Minneapolis median

Median monthly housing costs for owners with a mortgage.

Typical monthly owner costs (no mortgage)

$659/mo

Lower than the Minneapolis median

Median monthly housing costs for owners without a mortgage.

Median rent

$1,177/mo

Lower than the Minneapolis median

The midpoint of monthly gross rent, including utilities.

Homes in the Area

Owner-occupied homes

24%

Lower than Minneapolis overall

The share of occupied homes lived in by their owners.

Median year built

1959

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.

  • 1970-197917%
  • 1950-19598%
  • 1939 or earlier38%

Types of homes

The share of housing units in each building type.

  • Single-family detached21%
  • 2-4 units31%
  • 5+ units42%

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 alone52%
  • Carpool10%
  • Work from home28%

Homes with broadband

85%

Lower 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 · 0.8 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 · 0.9 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 · 0.8 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: Pemberton RE
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.