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MLS: #7045525, Listed By: Spencer Hutton, Engel & Volkers Minneapolis Downtown, Source:FargoMoorhead Area Association of REALTORS

1082 5th Street

Forest Lake, MN 55025

$565,000 $2,382/Mo

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Overview

Bed

Bath

3,696

Sqft

0.23

Acre(Lot)

Description

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 read y 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.

Property Details

Property Type : Residential Income

Price : $565,000

AD Id : 78646552

MLS Id : 7045525

Beds : 6

Lot Size : 0.23 Acre

Living Area Size : 3,696

Year Built : 1995

Garage : 4

County : Washington

Subdivision: Rural Tract (no Subd)

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 6

Bathroom Information

Total Baths: 4

Room Information

Has Basement: Yes Basement: Full
Roofing Information

Asphalt, Shingle
Interior Features

Roof: Asphalt, Shingle Laundry Features: In Basement, In Unit
Heating & Cooling

Has Heating: Yes Heating: Baseboard

Building Information

Year Built: 1995 Building Area Total: 3696 Construction Materials: Block, Frame Patio And Porch Features: Deck Private Pool: No

Lot Information

Lot Dimensions: 69x140 Main Square Feet: 0.23 Acres Lot Size Acres: 0.23 Lot Size Square Feet: 10018.8 Lot Description: Irregular Lot

Property Information

Subdivision: Fred Richters Forest Lake Add Source Property Type: Residential Income Property SubType: Duplex Property Age: 31

Listing Price Information

Listing Price: $565000 Original Price: $579000 Cash, Conventional, FHA, VA Loan

Tax Information

Parcel Number: 0903221330127 Annual Tax: $5758

Parking Information

Garage Door Opener

Garage Information

Has Garage: Yes Garage Space: 4

Location Information

Direction: 61 to 11th east to 5th North to home. WaterSource: Public

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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the FMAAR MLS. Real estate listings held by brokerage firms other than ByOwner are marked with the listing office name. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS®.

ByOwner last updated this listing 06/11/2026 @ 07:19

MLS: 7045525 LISTED BY: Spencer Hutton, Engel & Volkers Minneapolis Downtown 612-338-3836 SOURCE: FargoMoorhead Area Association of REALTORS