Pending
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Pending

$555,000

3 Beds 2 Baths 3,696 SQFT 0.23 Acres
Type: Pending

1082 5th Street SE
Forest Lake, MN 55025

MLS#: 7110419
Michael Graff
Michael Graff
The Real Estate Advantage
Agent
Phone: 612.940.7481
Office: 952.898.5800
Presented by: Engel & Volkers Minneapolis

Property Description

 

Exceptional Investment Opportunity | Forest Lake Side-by-Side Duplex | 6 BD / 4 BA Discover the perfect blend of modern living and smart investing with this beautifully updated side-by-side duplex nestled in sought-after Forest Lake. Each thoughtfully designed unit offers a stylish split-level layout featuring three bedrooms and two bathrooms, delivering the space and comfort that today's renters and homeowners demand. The upper level of each unit is home to a serene primary bedroom retreat complete with a generous walk-in closet, while two additional bedrooms on the lower level provide flexible space for family, guests, or a home office. Both units are finished with a fresh, modern aesthetic that sets them apart from the competition — think clean lines, updated finishes, and move-in ready appeal throughout. Convenient in-unit laundry rooms on the lower level of each unit add the everyday functionality that tenants love and that commands premium rents. Whether you're a savvy investor looking to maximize your portfolio with two income-producing units, or a buyer seeking the rare chance to live in one unit while your tenant's rent offsets your mortgage, this property delivers unmatched financial flexibility. Opportunities like this — turnkey, updated, and ideally situated in one of the north metro's most desirable lake communities — simply don't last long in today's market.


 

Interior Features

Bedrooms

Total Bedrooms6

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area1,848 sqft
BasementFinished, Full
Basement (Y/N)Yes
Below Grade Finished Area1,848 sqft
FuelElectric
Garage Dimensions24x24
Garage Door Width7 sqft
Garage Square Feet576
Laundry FeaturesIn Basement, In Unit

General

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesNone
CityForest Lake
Construction MaterialsBlock, Frame
ContingencyNone
CountyWashington
Directions61 to 11th east to 5th North to home.
Electric Expense0
Fuel Expense0
Garage Spaces4
Gross Income0
HeatingBaseboard
High School DistrictForest Lake
Insurance Expense0
Land Lease Y/NNo
Lender OwnedNo
LevelsSplit Entry (Bi-Level)
Living Area3,696 sqft
Lot Size UnitsAcres
MaintenanceExpense0
Net Operating Income0
New ConstructionNo
Number Of Units Total2
Operating Expense0
OwnerPaysSewer, Water
PostalCityForest Lake
Property SubtypeDuplex Side by Side
Property TypeResidential Income
RoofAge 8 Years or Less, Asphalt
SewerCity Sewer/Connected
Standard StatusPending
Subdivision NameFred Richters Forest Lake Add
Tax Annual Amount$5,758
Tax Year2025
Tenant PaysElectricity, Other, Trash Collection
Trash Expense0
Water Sewer Expense0
Year Built1995
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total3,696 sqft
FencingNone
Foundation Area1,848 sqft
Lot Dimensions69x140
Lot FeaturesIrregular Lot, Tree Coverage - Medium
Lot Size Area0 sqft
Parking FeaturesAttached Garage, Concrete, Garage Door Opener
Road Frontage TypeCity Street, Paved Streets
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School N/A
Elementary School N/A
Middle School N/A

  

Similar Properties

$555,000

3 Beds 2 Baths 3,696 SQFT 0.23 Acres
Type: Pending

1082 5th Street SE
Forest Lake, MN 55025

MLS#: 7110419
Michael Graff
Michael Graff
The Real Estate Advantage
Agent
Phone: 612.940.7481
Office: 952.898.5800