5531 Maryland Avenue N, New Hope, MN 55428
- Added:
- Jan 19, 2026
- Days on Market:
- 162
- Last Refresh:
- Jun 30 at 10:06 am
Property Features for 5531 Maryland Avenue N
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 6, Bathroom 1, Bathroom 4, Bedroom 3, Bedroom 7, Basement, Bathroom 3, Bedroom 5, Bedroom 8, Bathroom 2
- Parking features
- Driveway, Open, Garage - Attached
- Exterior features
- Brick/Stone, Stucco
- Standard status
- Pending
- APN
- 0511821340076
- Size
- 5,536 SF
- Lot size
- 0.55 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 11668
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1979
- Building materials
- Block, Brick, Frame
- Roof type
- Shingle
Listing agent Scott R. Smith (651) 379-1500
Listing office Keller Williams Premier Realty 3555 Willow Lake Blvd Ste 100 North Suburban, Vadnais Heights, MN (651) 379-1500
Listing date Jan 19, 2026
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully rented four‑plex with a layout that feels like four townhomes
- Each unit has separate utilities and meters (gas, electric, water, and sewer)
- Year built 1979
- Construction includes block, brick, and frame with brick/stone and stucco exterior
- Forced‑air heating and a shingle roof
- Parking includes an attached garage plus driveway and open parking; common backyard with two patios shared by two units
Overview
Located at 5531 Maryland Avenue N in New Hope, Minnesota, the property sits on an approximately 0.55-acre lot. The total building area is listed at 5,536 square feet. As a residential income asset, it is positioned for buyers seeking a stabilized, multi-unit ownership structure where tenants manage their own utility consumption.
For investors or buyers looking for an owner-occupied or hands-on income property, this four-plex offers four independent, metered living units under a fully rented status at the time of sale. The townhome-style layout may appeal to renters who prefer more private-feeling arrangements within a multi-family building, supported by the separate utilities for each unit. The shared backyard and patio areas provide common outdoor space without requiring utility coordination beyond each tenant’s individual utility meters.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.6k | $19.80 |
| − Vacancy | −$7.1k | −$1.29 |
| EGI | $102.5k | $18.51 |
| − OpEx | −$30.7k | −$5.55 |
| NOI | $71.7k | $12.96 |
Alternative Uses
Current Use by Public Records
Map
- City
- New Hope
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.371889
- Latitude
- 45.053932
