Fantastic Investment Opportunity – Side-by-Side Duplex Listed at Appraised Value!
Don't miss this excellent chance to own a side-by-side duplex offering strong rental potential or the perfect setup for owner-occupancy with income. Each unit features a modern open-concept layout, maximizing space and natural light throughout the main living areas.
Downstairs, you'll find two spacious bedrooms and a full bathroom in each unit, offering privacy and comfort for residents. Step outside to enjoy a fully fenced-in private backyard—ideal for entertaining or gardening.
Additional highlights include attached garages, convenient off-street parking, and a layout that appeals to both tenants and homeowners alike.
Located just minutes from retail shopping, dining, entertainment, and with easy access to the freeway, this property offers the perfect blend of convenience and comfort in a sought-after area.
Whether you're expanding your portfolio or looking for a smart way to offset your mortgage, this duplex checks all the boxes. Properties are leased through March/June 2026 respectively
Closed
$409,000
7700 Silver Lake Rd, Mounds View, MN 55112
4beds
2baths
2,376sqft
Multi Family
Built in 1980
-- sqft lot
$422,700 Zestimate®
$172/sqft
$2,017 Estimated rent
Home value
$422,700
$380,000 - $469,000
$2,017/mo
Zestimate® history
Owner options
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$2,681/mo
Est. payment
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$2,681/mo
Est. payment
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Modern open-concept layoutFully fenced-in private backyardSpacious bedrooms
Zillow last checked:
Listing updated:
Listed by:
Nick J Hillyard 612-298-7763,
Homefield Realty
Bought with:
Jackson Wieland
Jason Mitchell Group
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6801056
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Forced Air
Appliances
- Laundry: Laundry Closet, In Unit
Features
- Basement: None
Interior area
- Total structure area: 2,376
- Total interior livable area: 2,376 sqft
- Finished area above ground: 1,320
- Finished area below ground: 1,056
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Multi/Split
- Patio & porch: Deck
- Fencing: Wood
Lot
- Size: 0.3 Acres
- Dimensions: 110 x 118 x 110 x 118
- Features: Irregular Lot, Tree Coverage - Medium
Details
- Foundation area: 1320
- Parcel number: 063023340009
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Age Over 8 Years
Condition
- New construction: No
- Year built: 1980
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Karlens Add
HOA
- Amenities included: None
Location
- Region: Mounds View
Financial & listing details
- Price per square foot: $172/sqft
- Tax assessed value: $395,200
- Annual tax amount: $6,180
- Date on market: 10/11/2025
- Cumulative days on market: 15 days
- Tenant pays: Cable TV, Electricity, Gas, Grounds Care
Price history
| Date | Event | Price |
|---|---|---|
| 11/13/2025 | Sold | $409,000$172/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6801056 Report a problem | ||
| 10/28/2025 | Pending sale | $409,000$172/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6801056 Report a problem | ||
| 10/11/2025 | Listed for sale | $409,000+4.3%$172/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6801056 Report a problem | ||
| 1/5/2024 | Sold | $392,000-2%$165/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6453647 Report a problem | ||
| 12/7/2023 | Pending sale | $399,900$168/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6453647 Report a problem | ||
| 11/29/2023 | Listed for sale | $399,900+129.8%$168/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6453647 Report a problem | ||
| 9/28/2009 | Sold | $174,000-1.6%$73/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1690766 Report a problem | ||
| 8/14/2009 | Price change | $176,900-3.3%$74/sqft |
Source: NRT Minneapolis #3806757 Report a problem | ||
| 7/22/2009 | Price change | $182,900-4.2%$77/sqft |
Source: NRT Minneapolis #3806757 Report a problem | ||
| 7/5/2009 | Listed for sale | $190,900-35.7%$80/sqft |
Source: NRT Minneapolis #3806757 Report a problem | ||
| 9/13/2007 | Sold | $297,000$125/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,180 +16.3% | $395,200 +5.9% |
| 2024 | $5,314 +5.4% | $373,300 +11.8% |
| 2023 | $5,042 -0.4% | $334,000 +4.4% |
| 2022 | $5,064 +3.9% | $320,000 +10% |
| 2021 | $4,872 +2.1% | $290,800 +2.4% |
| 2020 | $4,772 +29.3% | $284,100 +22.5% |
| 2019 | $3,692 | $232,000 |
| 2018 | $3,692 | $232,000 +15% |
| 2017 | $3,692 | $201,700 |
| 2016 | $3,692 +45.5% | -- |
| 2015 | $2,538 -5.9% | $176,400 |
| 2014 | $2,696 -8.5% | -- |
| 2013 | $2,946 +4.5% | -- |
| 2012 | $2,818 +3.4% | -- |
| 2011 | $2,726 | -- |
| 2010 | -- | -- |
| 2009 | $3,800 +18.4% | -- |
| 2008 | $3,210 -3.4% | -- |
| 2007 | $3,324 +18.6% | -- |
| 2006 | $2,802 +11.5% | -- |
| 2005 | $2,512 +15% | -- |
| 2004 | $2,184 +27.7% | -- |
| 2003 | $1,710 +2.3% | -- |
| 2002 | $1,672 -13.5% | -- |
| 2001 | $1,932 +20.6% | -- |
| 2000 | $1,601 | -- |
Find assessor info on the county website
Neighborhood: 55112
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Nearby schools
GreatSchools rating
- 5/10Sunnyside Elementary SchoolGrades: 1-5Distance: 1.1 mi
- 6/10Edgewood Middle SchoolGrades: 6-8Distance: 1.2 mi
- 8/10Irondale Senior High SchoolGrades: 9-12Distance: 1.4 mi
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Estimated market value
$422,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$422,700
- Minnesota
- Ramsey County
- Mounds View
- 55112
- 7700 Silver Lake Rd
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