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.
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Zillow last checked:
Listing updated:
Listed by:
Spencer A Hutton612-868-4738,
Engel & Volkers Minneapolis Downtown
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7110419
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 4
Heating
Baseboard
Appliances
Laundry: In Basement, In Unit
Features
Basement: Finished,Full
Interior area
Total structure area: 3,696
Total interior livable area: 3,696 sqft
Finished area above ground: 1,848
Finished area below ground: 1,848
Property
Parking
Total spaces: 4
Parking features: Attached, Concrete, Garage Door Opener
Attached garage spaces: 4
Has uncovered spaces: Yes
Details: Garage Dimensions (24x24), Garage Door Height (7), Garage Door Width (16)
Accessibility
Accessibility features: None
Features
Levels: Multi/Split
Patio & porch: Deck
Fencing: None
Lot
Size: 10,105 Square Feet
Dimensions: 69 x 140
Features: Irregular Lot, Tree Coverage - Medium
Details
Foundation area: 1848
Parcel number: 0903221330127
Zoning description: Residential-Multi-Family
Construction
Type & style
Home type: MultiFamily
Property subtype: Duplex Side by Side
Materials
Block, Frame
Roof: Age 8 Years or Less,Asphalt
Condition
New construction: No
Year built: 1995
Utilities & green energy
Gas: Electric
Sewer: City Sewer/Connected
Water: City Water/Connected
Community & HOA
Community
Subdivision: Fred Richters Forest Lake Add
HOA
Amenities included: None
Location
Region: Forest Lake
Financial & listing details
Price per square foot: $150/sqft
Tax assessed value: $306,100
Annual tax amount: $5,758
Date on market: 7/15/2026
Cumulative days on market: 57 days
Tenant pays: Electricity, Other, Trash Collection
Road surface type: Paved
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$2,723/mo
Price history
Date
Event
Price
7/15/2026
Listed for sale
$555,000-1.8%$150/sqft
Source: NorthstarMLS as distributed by MLS GRID #7110419Report a problem
7/10/2026
Listing removed
$565,000$153/sqft
Source: NorthstarMLS as distributed by MLS GRID #7045525Report a problem
6/4/2026
Price change
$565,000-2.4%$153/sqft
Source: NorthstarMLS as distributed by MLS GRID #7045525Report a problem
5/15/2026
Listed for sale
$579,000+46.2%$157/sqft
Source: NorthstarMLS as distributed by MLS GRID #7045525Report a problem
4/1/2022
Sold
$396,000-1%$107/sqft
Source: NorthstarMLS as distributed by MLS GRID #6155705Report a problem
3/16/2022
Pending sale
$399,900+33.3%$108/sqft
Source: NorthstarMLS as distributed by MLS GRID #6155705Report a problem
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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