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For Sale:  Minnetonka MLS# 7105507

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Active NEW!
$600,000
/mo Edit
Multi-family:  Duplex Side by Side
8 br • 4 ba • Built 1984
3,590 sqft • 0.58 acres
Hopkins schools
MLS# 7105507
763-576-8286
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    Property Description

    Rare opportunity to own a well-maintained side-by-side duplex in a desirable Minnetonka location. Situated on a spacious lot, this solid investment property features two very similar-style units, each offering three bedrooms on one level and functional living spaces for long-term rental appeal. Several capital improvements have already been completed, including a new roof, new front entry systems, a newer driveway, and newer furnaces and A/C, providing peace of mind and reducing future maintenance expenses. The combination of improvements and updates, strong rental appeal, and stable income potential makes this an excellent addition to an investment portfolio or an ideal owner-occupied opportunity. Conveniently located near shopping, dining, major commuter routes, and abundant recreational amenities, the property enjoys easy access to the nearby Lone Lake Park, the Lake Minnetonka LRT Regional Trail, and less than a mile from the future Shady Oak Station on the METRO Green Line Extension (Southwest Light Rail).

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $600,000
    Price per sq ft: $167
    Property Type: Multi-family
    City: Minnetonka
    Garage Spaces: 4
    County: Hennepin
    Year Built: 1984
    State: MN
    Property Style: Duplex Side by Side
    Zip Code: 55343

    Interior

    Bedrooms: 8
    Bathrooms: 4
    Finished Area: 3,590 ft2
    Living Area: 3,590 ft2
    Refrigerators: Three
    Basement Details:
    • Block
    • Daylight/Lookout Windows
    • Drain Tiled
    • Finished
    • Full
    • Walkout

    Exterior

    Stories: One
    Garage Spaces: 4
    Garage Size: 853 ft2
    Foundation Size: 1,920 ft2
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Asphalt
    • Attached Garage
    • Garage Door Opener
    • Shared Driveway
    Road Frontage:
    • City Street
    • Paved Streets
    Exterior Material:
    • Block
    • Frame
    Pool: None
    Roof Details:
    • Age 8 Years or Less
    • Asphalt
    • Pitched

    Rooms

    Laundry:
    • In Basement
    • In Unit
    • Laundry Room
    • Sink

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.58
    Geolocation: 44.919872, -93.43658
    Lot Dimensions: 149 x 191 x 148 x 149
    Addl Parcels: 502034901
    Zoning: Residential-Multi-Family
    Lot Description:
    • Irregular Lot
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Medium
    • Underground Utilities

    Farm

    Topography: Walkout

    Schools

    School District: 270
    District Phone: 9529884000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $2,433
    Annual Maintenance Expense: $2,097
    Annual Trash Expense: $898
    Annual Water/Sewer Expense: $1,517
    Tenant Expenses: Broadband, Cable TV, Electricity, Gas, Heat, Snow Removal

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $8,496
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $8,496

    Income

    Annual Gross Income: $49,200

    Rent

    Annual Net Income: $34,651

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected
    Power Company Name: Xcel Energy

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Edina Realty, Inc..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.