Active

$595,000

3811 Restwood Rd, Lexington, MN 55014

8beds

4baths

3,328sqft

$3,889/mo

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Fourplex

Built in 1984

-- sqft lot

$-- Zestimate^®

$179/sqft

$-- HOA

What's special

Updated flooringNicely updated siding

Great building for owner occupant or good cash flow for an investor. For an owner occupant this huge low interest rate assumable FHA loan with just about 23 years left on it can save huge money per year vs todays interest rates and pays down the principle much faster with this fixed rate loan with 7 years or so already paid down on it. Nicely updated siding and windows. Inside the units have updated flooring, kitchens and paint. Each unit has 2 bedrooms and a bath. The units have separate hot water heaters in them. A common boiler keeps this entire building cozy during the winter. Lots of parking out front on an asphalt lot. Very convenient location just a mile east of 35W off Lake Drive. Easy walking distance to shopping. Just a few short blocks to Lexington City Park.

159 days
358
31

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4

Heating

Boiler

Appliances

Laundry: Laundry Closet, Main Level, Coin-op Laundry Owned

Features

Basement: None

Interior area

Total structure area: 3,328
Total interior livable area: 3,328 sqft
Finished area above ground: 3,328
Finished area below ground: 0

Property

Parking

Parking features: Asphalt, Parking Lot, Paved Lot
Details: Garage Dimensions (0)

Accessibility

Accessibility features: None

Features

Levels: Two

Lot

Size: 0.35 Acres
Dimensions: 75 x 200
Features: Tree Coverage - Light

Details

Foundation area: 1664
Parcel number: 353123120015
Zoning description: Residential-Multi-Family

Construction

Type & style

Home type: MultiFamily
Property subtype: Fourplex

Materials

Frame
Roof: Age Over 8 Years

Condition

New construction: No
Year built: 1984

Utilities & green energy

Electric: Fuses
Gas: Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected

Community & HOA

Community

Subdivision: Ottes Add To Lexington

HOA

Amenities included: Coin-op Laundry Owned

Location

Region: Lexington

Financial & listing details

Price per square foot: $179/sqft
Tax assessed value: $566,400
Annual tax amount: $8,630
Date on market: 5/21/2026
Cumulative days on market: 241 days
Tenant pays: Cable TV, Electricity, Hot Water
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

$2,846/mo

Price history

Date	Event	Price
5/21/2026	Listed for sale	$595,000-4.8%$179/sqft
Source: NorthstarMLS as distributed by MLS GRID #7077994 Report a problem
1/1/2026	Listing removed	$625,000$188/sqft
Source: NorthstarMLS as distributed by MLS GRID #6781222 Report a problem
11/11/2025	Price change	$625,000-3.8%$188/sqft
Source: NorthstarMLS as distributed by MLS GRID #6781222 Report a problem
9/3/2025	Listed for sale	$650,000+23.8%$195/sqft
Source: NorthstarMLS as distributed by MLS GRID #6781222 Report a problem
1/21/2020	Sold	$525,000+60.1%$158/sqft
Source: NorthstarMLS as distributed by MLS GRID #5267374 Report a problem
6/17/2003	Sold	$327,900+31.2%$99/sqft
Source: Public Record Report a problem
9/18/2001	Sold	$250,000+51.5%$75/sqft
Source: Public Record Report a problem
4/26/2000	Sold	$165,000$50/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$10,095 +3.3%	$566,400 -2.5%
2024	$9,772 +10.3%	$580,700 -2.8%
2023	$8,863 +3.2%	$597,500 +13.2%
2022	$8,585 +6.6%	$527,900 +6.7%
2021	$8,054 -6.5%	$494,700 +9.2%
2019	$8,615 +28.8%	$453,000 +32.3%
2018	$6,689 +15.9%	$342,400 +18.6%
2017	$5,773 +10%	$288,600 +20.4%
2016	$5,247 +3.8%	$239,800
2015	$5,057 +9.5%	$239,800 +2.5%
2014	$4,617 -66.4%	$234,000
2013	$13,738 +140.3%	--
2012	$5,717 -5.3%	--
2011	$6,040 +5%	--
2010	$5,750 -12.7%	--
2008	$6,587 -1.8%	--
2007	$6,708 -0.9%	--
2006	$6,767 +16.8%	--
2005	$5,795 +6.2%	--
2004	$5,458 +54.1%	--
2003	$3,543 +34.7%	--
2002	$2,631 -53.9%	--
2001	$5,702	--