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5827 Winnetka Avenue N, 
New Hope, MN 55428

$640,000


Bed


Bath


3,734

Sq Ft


Multi-Family

Active

Listed by

Samuel Moses

Keller Williams Classic Rlty Nw

763-463-7500

Last updated:

July 26, 2025, 03:24 AM

MLS#

6760624

Source:

NSMLS

About This Home

5827 Winnetka Avenue N

Introducing a rare and exceptional opportunity to own a fully renovated side-by-side duplex, each unit offering 3 spacious bedrooms and 3 beautifully updated bathrooms. Perfectly positioned on a scenic Golf course, this property blends modern living with peaceful, green surroundings. Whether you're an investor seeking a solid, turn-key asset or a homebuyer looking to live in one unit while generating income from the other, this property checks all the boxes. Both units have been thoughtfully renovated from top to bottom, featuring brand-new kitchens with modern cabinetry, sleek countertops, and stainless-steel appliances. Fresh flooring, updated lighting, and stylish fixtures run throughout, while the bathrooms boast high-end tile work and contemporary vanities. Each side offers a spacious layout and is perfect for today's lifestyle. Step outside and enjoy views of the meticulously maintained golf course from your backyard, a truly rare setting for a multi-family property. Investment financials are as follows: When fully rented, the duplex generates $60,000 in annual rental income ($2,500 per unit per month). Operating expenses total $14,160 annually, including $4,800 for insurance, $8,400 in property taxes, and $960 for utilities. This results in a net operating income (NOI) of $45,840. The investment reflects a 7.16% cap rate, a debt service coverage ratio (DSCR) of 1.21, and an expense ratio of 24%, making it a solid income-producing opportunity.

Home Facts

Multi-Family

Built in 1971

Price Summary

640,000

$171 per Sq. Ft.

MLS #:

6760624

Last Updated:

July 26, 2025, 03:24 AM

Added:

13 day(s) ago


Rooms & Interior

Interior

Living Area:

3,734 Sq. Ft.


Structure

Structure

Building Area:

3,370 Sq. Ft.

Year Built:

1971


Lot

Lot Size (Sq. Ft):

13,068


Finances & Disclosures

Finances

Price:

$640,000

Price per Sq. Ft:

$171 per Sq. Ft.

Source:NSMLS
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is 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.

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