For Sale: Excelsior MLS# 6764352
Active
NEW!
$679,000
Multi-family: Duplex Side by Side
Built 1979
3,705 sqft • 0.53 acres
Minnetonka schools
MLS# 6764352
Open House
12p - 2p
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Property Description
Don’t miss this rare investment or house-hack opportunity just one mile from charming downtown Excelsior and Lake Minnetonka. Nestled on a quiet cul-de-sac and backing up to a scenic bike path, this beautifully updated duplex offers the perfect blend of privacy, nature, and convenience. Situated on a sprawling half-acre wooded lot, this property features two spacious units; one 3 bed / 2 bath and one 4 bed / 2 bath (4th bedroom non-conforming) - both currently vacant and ready for immediate occupancy. Whether you're an owner-occupant looking for rental income or an investor seeking a move-in-ready asset, this home checks all the boxes. Recent improvements include brand-new decks completed in 2025 and numerous interior updates throughout both units, ensuring a modern, clean, and low-maintenance living experience. Enjoy direct access to the trail system right out your back door; walk or bike to the lake, shops, restaurants, breweries, and all Excelsior has to offer.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$679,000
Price per sq ft:
$183
Property Type:
Multi-family
City:
Excelsior
Garage Spaces:
4
County:
Hennepin
Year Built:
1979
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55331
Subdivision Name:
Wild Duck 2nd Add
Interior
Finished Area:
3,705 ft2
Living Area:
3,705 ft2
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Basement Details:
- Block
- Daylight/Lookout Windows
- Egress Window(s)
- Finished
- Full
Exterior
Stories:
Two
Garage Spaces:
4
Garage Size:
873 ft2
Foundation Size:
2,229 ft2
Fencing:
None
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Asphalt
- Attached Garage
Road Frontage:
- City Street
- Cul De Sac
- Paved Streets
Exterior Material:
- Brick/Stone
- Cedar
Roof Details:
- Age Over 8 Years
- Asphalt
Lot & Land
Acres:
0.53
Geolocation:
44.905543, -93.597231
Lot Dimensions:
N189 x 227 x 101 x 263
Zoning:
Residential-Multi-Family
Lot Description:
Many Trees
Farm
Topography:
Wooded
Schools
School District:
276
District Phone:
952-401-5000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$5,200
Annual Maintenance Expense:
None
Annual Gross Expense:
$7,440
Annual Trash Expense:
$1,080
Annual Water/Sewer Expense:
$1,160
Tenant Expenses:
Trash Collection
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$7,461
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,461
Income
Annual Gross Income:
$67,200
Misc. Annual Income:
None
Misc. Monthly Income:
None
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Water System:
Well
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Rize Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.