2817 Flag Avenue N, Minneapolis, MN 55427

New Listing
$530,000
Property Type: Multi-Family Bedrooms: 8 Baths: 4 Square Footage: 4,362 Lot Size (sq. ft.): 14,375 Status: Active
Current Price: $530,000 List Date: 7/22/2026 Last Modified: 7/22/2026

Overview

Description

Spacious side-by-side duplex in a desirable New Hope neighborhood surrounded by single-family homes. Built in 1979, this well-maintained property features two spacious units, each offering 4 bedrooms, 2 bathrooms, and an attached 2-car garage. Updated kitchens provide modern appeal, while large decks overlook the expansive backyard, creating an ideal space for outdoor entertaining or relaxing. Each unit offers generous living space and a functional floor plan that appeals to both owner-occupants and tenants. The quiet residential setting, combined with the size and amenities of each unit, makes this an outstanding investment opportunity or owner-occupied property with rental income potential. Don't miss this rare opportunity to own a duplex with large units, attached garages, updated interiors, and an excellent location close to parks, schools, shopping, dining, and convenient highway access.

Listing Details MLS# 7108227

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1979
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
2296
Above Ground SqFt
2296
Below Grd Total SqFt
2066
Total SqFt
4362
Foundation Size
2066
Style
(MF) Duplex Side X Side
Total Finished Sqft
3162.00
Garage Stalls
4
Lot Dimensions
180x85x165x84
Acres
0.33
Assessment Pending
No

Property Features

Accessible: None Basement: Full Construction Status: Previously Owned Exterior: Vinyl Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Laundry: Laundry Room Owner Pays: Insurance; Maintenance/Repair; Taxes Rental License Type: Standard Sewer: City Sewer/Connected Stories: Three Level Split Tenant Pays: All Utilities; Grounds Care; Lawn Unit 1 Amenities: Countertops-Solid Surface; Deck; Kitchen Center Island Unit 1 Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Unit 1 Bath Description: 3/4 Basement; Upper Level Full Bath Unit 1 Cooling: Central Unit 1 Dining Room Description: Eat In Kitchen Unit 1 Family Room Characteristics: Lower Level Unit 1 Fireplace Char: Wood Burning Unit 1 Special Search: 3 BR on One Level Unit 2 Amenities: Open Floor Plan; Deck Unit 2 Appliances: Dryer; Microwave; Range; Refrigerator; Washer Unit 2 Bath Description: 3/4 Basement; Upper Level Full Bath Unit 2 Cooling: Central Unit 2 Dining Room Description: Informal Dining Room Unit 2 Family Room Characteristics: Lower Level Unit 2 Fireplace Char: Living Room; Wood Burning Unit 2 Special Search: 3 BR on One Level Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
530000
ListPrice
530000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
2817
Street Name
Flag
Street Suffix
Avenue
Street Direction Suffix
N
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55427
Complex/Dev/Subdivision
Fleetwood Estates

Assessments

Tax With Assessments
9373
Assessment Balance
0

Building Information

Finished SqFt Above Ground
2296
Finished SqFt Below Ground
866

More Information

Income and Expenses

Annual Gross Expenses
16849
Annual Gross Income
55800
Annual Insurance Expense
5376
Annual Maintenance Expense
1200
Annual Net Income
38951
Annual Repair Expense
900
Total Annual Expenses
16849
Annual Caretaker Expense
0
Annual Electric Expense
0
Annual Fuel Expense
0
Annual Trash Expense
0
Annual Water/Sewer Expense
0

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Door Height
7
Garage Door Width
16
Garage Square Feet
504

Public Survey Info

Range#
21
Section#
19
Township#
118

Unit 1

Furnished?
No
Lease Expiration Date
2027-04-30
Leased?
Yes
Level
Multi-Level
Unit Number
Yes
# of Fireplaces
Yes
3/4 Baths
Yes
Annual Rent
28200
Finished SqFt
1840
Full Baths
Yes
Monthly Expense
50
Monthly Rent
2350
No. of Units Like This
Yes
Total Baths
2
Total Bedrooms
4
Total Rooms
8

Unit 2

Furnished?
No
Lease Expiration Date
2026-08-31
Leased?
Yes
Level
Multi-Level
Unit Number
2
# of Fireplaces
Yes
3/4 Baths
Yes
Annual Rent
27600
Finished SqFt
1840
Full Baths
Yes
Monthly Expense
50
Monthly Rent
2300
No. of Units Like This
Yes
Total Baths
2
Total Bedrooms
4
Total Rooms
8

Unit Details

Total Units
2

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

Legal Description
LOT 012 BLOCK 001 FLEETWOOD ESTATES
Listing City
New Hope
Map Page
91
Municipality
New Hope
School District
Robbinsdale
School District Phone
763-504-8000
Zip Plus 4
6643
Property ID Number
1911821330026
Tax Year
2025
Tax Amount
9373
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Spacious side-by-side duplex in a desirable New Hope neighborhood surrounded by single-family homes. Built in 1979, this well-maintained property features two spacious units, each offering 4 bedrooms, 2 bathrooms, and an attached 2-car garage. Updated kitchens provide modern appeal, while large decks overlook the expansive backyard, creating an ideal space for outdoor entertaining or relaxing. Each unit offers generous living space and a functional floor plan that appeals to both owner-occupants and tenants. The quiet residential setting, combined with the size and amenities of each unit, makes this an outstanding investment opportunity or owner-occupied property with rental income potential. Don't miss this rare opportunity to own a duplex with large units, attached garages, updated interiors, and an excellent location close to parks, schools, shopping, dining, and convenient highway access.
Directions
Medicine Lake Rd, then North on Flag Ave.

Accessible

None
Yes

Basement

Full
Yes

Construction Status

Previously Owned
Yes

Exterior

Vinyl
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Laundry

Laundry Room
Yes

Owner Pays

Insurance
Yes
Maintenance/Repair
Yes
Taxes
Yes

Rental License Type

Standard
Yes

Sewer

City Sewer/Connected
Yes

Stories

Three Level Split
Yes

Water

City Water/Connected
Yes

Tenant Pays

All Utilities
Yes
Grounds Care
Yes
Lawn
Yes

Unit 1 Amenities

Countertops-Solid Surface
Yes
Deck
Yes
Kitchen Center Island
Yes

Unit 1 Appliances

Dishwasher
Yes
Dryer
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Unit 1 Bath Description

3/4 Basement
Yes
Upper Level Full Bath
Yes

Unit 1 Cooling

Central
Yes

Unit 1 Dining Room Description

Eat In Kitchen
Yes

Unit 1 Family Room Characteristics

Lower Level
Yes

Unit 1 Fireplace Char

Wood Burning
Yes

Unit 1 Special Search

3 BR on One Level
Yes

Unit 2 Amenities

Open Floor Plan
Yes
Deck
Yes

Unit 2 Appliances

Dryer
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Unit 2 Bath Description

3/4 Basement
Yes
Upper Level Full Bath
Yes

Unit 2 Cooling

Central
Yes

Unit 2 Dining Room Description

Informal Dining Room
Yes

Unit 2 Family Room Characteristics

Lower Level
Yes

Unit 2 Fireplace Char

Living Room
Yes
Wood Burning
Yes

Unit 2 Special Search

3 BR on One Level
Yes

Documents

IDX
Listing Office: Century 21 Atwood
Last Updated: July - 22 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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