Movoto Real Estate
Lakefront

4365 Warren Ave, Spring Park, MN 55384

$275,000
  • 2

    bed

  • 2

    bath

  • 1,706

    Sqft ($161/Sqft)

Multi-family for sale 74 days
$24K price drop

About 4365 Warren Ave

Property type Multi-family
Neighborhood
Year built 1930
HOA fee $0/month
Lot size 7,841 Sqft
Parking 2 garage spaces
Property description
Unique four-unit investment opportunity in a highly desirable location near Lake Minnetonka and area trail systems. This non-conforming property features three separate buildings consisting of a duplex and two detached tiny homes, with four separate mailing addresses. The property has an exceptional rental history with no vacancy in the past 15 years, and all four units are currently occupied. The duplex offers one-bedroom units, each with a kitchen, family room, basement storage, private laundry, and attached garage stall. The detached tiny homes provide additional rental flexibility and strong tenant appeal with affordability. Recent improvements include a duplex remodel with new refrigerator and stove in 2022, new siding and two windows on the duplex in 2025, three new furnaces serving both duplex units and the larger tiny home in 2025, a new furnace motherboard in the smaller tiny home in 2025, and new siding on the larger tiny home in 2024. New side deck/stairs on duplex in 2026. The property offers significant upside potential for investors willing to make additional improvements. Being sold as-is and priced accordingly to reflect condition. Rare opportunity to acquire an income-producing property in a sought-after Lake Minnetonka area location.
Listed by
Listing Agent - Ryan M Platzke
Source: Northstar MLS mls logo
MLS#7104668 • last updated 1 day ago
Movoto checked Northstar MLS for data 1 hour ago
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Overview
Heating Forced Air
Levels/Style One
Virtual Tour External Link
MLS # 7104668
Type Residential Income
SubType Other
Property Tax 3680.14
Tax Assessment 3680.14
Foreclosure (Y/N) No
Short Sale (Y/N) No
Interior
Total # of Bathrooms 2
# Bedrooms 2
Accessibility Features None
Exterior
# Garage Spaces 2
Parking Desc Attached Garage, Gravel, Other
Lot Desc Tree Coverage - Medium
Amenities / Utilities
Water Source City Water/Connected
Pool Desc None
Location
County Hennepin
Subdivision Pattees Hillcrest
High School District Westonka
APN 1811723430021
Zoning Residential-Multi-Family
Multifamily Details
Tenant Pays Electricity, Fuel, Snow Removal
Owner Pays Fuel, Insurance, Repairs, Sewer, Taxes, Trash Collection, Water
Total # of Units 4
Annual Gross Income 32690
Expense: Trash 649.59
Expense: Insurance 3056
Expense: Water/ Sewer 1930.74
Expense: Other 1
Net Operating Income 22183
Lot/ Land Details
Road Frontage City Street
Present Use Yearly
Road Responsibility Public Maintained Road
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Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • MN
  • Hennepin County
  • Spring Park
  • 55384
  • 4365 Warren Ave

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