Impeccably maintained 4-plex! Seller prefers to sell with twin building at 16578 Franklin Trail, offering a unique opportunity to acquire two well-kept investment properties as a package. Each building has three 3-bedroom units, one 2-bedroom unit, and a paved parking lot with five garage stalls, assigned spaces, and guest parking. Recent updates include half the units with updated kitchens and baths, fresh exterior paint, stained decks, and sealed/numbered driveways. Added perks: coin-op laundry, two decks, two patios, and a 2012 roof replacement. Long-term tenants and below-market rents (see supplement) present strong upside potential. Don’t miss this chance for a high-quality, low-maintenance investment!
Closed
$715,000
16558 Franklin Trl SE, Prior Lake, MN 55372
11beds
4baths
4,160sqft
Multi Family
Built in 1978
-- sqft lot
$-- Zestimate®
$172/sqft
$1,957 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,957/mo
Zestimate® history
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$4,442/mo
Est. payment
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List your homeWhat's special
Stained decksFresh exterior paintGuest parkingPaved parking lotAssigned spacesTwo decksUpdated kitchens
Zillow last checked:
Listing updated:
Listed by:
Mark A. Gores 612-201-5447,
RE/MAX Advantage Plus,
Jason Walgrave 612-419-9425
Bought with:
Joshua Johnson
Real Broker, LLC
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6622444
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 4
Heating
- Forced Air
Appliances
- Laundry: Coin-op Laundry Owned
Features
- Basement: Daylight,Drain Tiled,Sump Pump
Interior area
- Total structure area: 4,160
- Total interior livable area: 4,160 sqft
- Finished area above ground: 2,080
- Finished area below ground: 2,080
Property
Parking
- Total spaces: 5
- Parking features: Assigned, Detached Garage, Asphalt, Shared Driveway, Garage Door Opener, No Int Access to Dwelling
- Garage spaces: 5
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: One
- Fencing: Chain Link,Partial
Lot
- Size: 0.54 Acres
- Dimensions: 110 x 200 x 100 x 188
- Features: Corner Lot
Details
- Foundation area: 2080
- Parcel number: 251670020
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Age Over 8 Years,Asphalt
Condition
- New construction: No
- Year built: 1978
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Prior Lake
- Subdivision: Bluff Hts
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/22/2025 | Sold | $715,000-4.7%$172/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6622444 Report a problem | ||
| 1/2/2025 | Pending sale | $750,000$180/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6622444 Report a problem | ||
| 11/25/2024 | Listing removed | $750,000$180/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6622444 Report a problem | ||
| 11/1/2024 | Listed for sale | $750,000+88.7%$180/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6622444 Report a problem | ||
| 11/13/2007 | Sold | $397,500$96/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1824228 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,806 -1.8% | $568,200 |
| 2024 | $6,928 +15.9% | $568,200 +0.9% |
| 2023 | $5,978 +3.9% | $563,000 +12.4% |
| 2022 | $5,754 -1.9% | $500,700 +22.3% |
| 2021 | $5,864 +5.4% | $409,568 +9.9% |
| 2020 | $5,564 | $372,800 0% |
| 2019 | $5,564 +14.5% | $372,832 |
| 2018 | $4,860 +11.9% | -- |
| 2016 | $4,342 | -- |
| 2014 | $4,342 | -- |
| 2013 | -- | $260,000 -13.3% |
| 2011 | $4,862 -2.8% | $300,000 -10% |
| 2010 | $5,004 +3.9% | $333,300 |
| 2009 | $4,818 -13.4% | $333,300 |
| 2008 | $5,566 -2.5% | -- |
| 2007 | $5,706 +4.8% | -- |
| 2006 | $5,446 +22.1% | -- |
| 2005 | $4,460 +14.1% | -- |
| 2004 | $3,908 +30.8% | -- |
| 2003 | $2,988 -11.9% | -- |
| 2002 | $3,390 -29% | -- |
| 2001 | $4,772 | -- |
Find assessor info on the county website
Neighborhood: 55372
Nearby schools
GreatSchools rating
- 8/10Westwood Elementary SchoolGrades: K-5Distance: 0.8 mi
- 8/10Hidden Oaks Middle SchoolGrades: 6-8Distance: 1.2 mi
- 9/10Prior Lake High SchoolGrades: 9-12Distance: 2.5 mi
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- Minnesota
- Scott County
- Prior Lake
- 55372
- 16558 Franklin Trl SE
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