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Minnetonka MN Multifamily Properties for Sale

Minnetonka: Homes, Condos, Townhomes, Lots & Land, Multifamily, Commercial, One Level Living, New Construction, Luxury, Foreclosures, Lakeshore

School Districts: Minnetonka, Hopkins, Wayzata

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Minnetonka MN Multifamily Properties for Sale

$628,000

CLOSED Status ⋅ 8 Beds ⋅ 3 Baths ⋅ 7105507 MLS ⋅ 3,590 SqFt.

Rare opportunity to own a well-maintained side-by-side duplex in a desirable Minnetonka location. Situated on a spacious lot, this solid investment property features two very similar-style units, each offering three bedrooms on one level and functional living spaces for long-term rental appeal. Several capital improvements have already been completed, including a new roof, new front entry systems, a newer driveway, and newer furnaces and A/C, providing peace of mind and reducing future maintenance expenses. The combination of improvements and updates, strong rental appeal, and stable income potential makes this an excellent addition to an investment portfolio or an ideal owner-occupied opportunity. Conveniently located near shopping, dining, major commuter routes, and abundant recreational amenities, the property enjoys easy access to the nearby Lone Lake Park, the Lake Minnetonka LRT Regional Trail, and less than a mile from the future Shady Oak Station on the METRO Green Line Extension (Southwest Light Rail).

12216 Pioneer Road, Minnetonka

Listing courtesy of Edina Realty, Inc..

$750,000

CLOSED Status ⋅ 6 Beds ⋅ 4 Baths ⋅ 6821490 MLS ⋅ 3,172 SqFt.

Fully Remodeled Duplex—each side features 3 bedrooms and 2 bathrooms. One unit is currently rented, making this a great opportunity for either an owner-occupant or an investor. Each side has its own separate mechanicals, including furnace, A/C, water heater, and a Comers water filtration system. Both units also have in-unit laundry with a washer and dryer. Located on a wooded cul-de-sac with mature trees and just blocks from Groveland Elementary in the much-desired Minnetonka School District. Owner-occupants enjoy deeded access to Lake Minnetonka through the Herzog Acres Association. Recent Updates: New roof - 2025, New Andersen windows and sliding glass doors - 2024. New electric fireplace inserts - 2024. New Floors, Granite countertops, fresh paint, and new light fixtures. Wayzata location close to shops, restaurants, parks, trails, and Lake Minnetonka and easy access to 494.

3115 County Road 101 S, Minnetonka

Listing courtesy of Coldwell Banker Realty - Southwest Regional.

$515,000

CLOSED Status ⋅ 6 Beds ⋅ 2 Baths ⋅ 6732298 MLS ⋅ 2,415 SqFt.

Come see this nicely updated duplex in the heart of Minnetonka. This side by side duplex offers 3 bedrooms and 1 bath on each side. Both sides are currently vacant and ready for new renters or an owner that is looking for an investment property. Enjoy the beauty of easy access to major freeways and many interior updates including paint, flooring, and new appliances and kitchen on one side.

4701-4703 Twin Haven Road, Minnetonka

Listing courtesy of RE/MAX Advantage Plus.

$608,400

CLOSED Status ⋅ 4 Beds ⋅ 4 Baths ⋅ 6581341 MLS ⋅ 2,629 SqFt.

Rare opportunity to own a duplex in the highly sought-after Minnetonka area! This turn-key property offers the perfect blend of investment potential and prime location. Situated on a large lot, it provides easy access to local amenities, shopping, and dining. Featuring 2 bedrooms and 2 bathrooms in each unit, a two stall garage and an added 400 finished square feet above the garage to rent out separately (estimated additional $500/mo). One unit currently leased at $1,900/mo. 2nd unit previously rented at $2,215/mo. Tons of quality updates including a new roof (2021), two new furnaces, AC unit, washer and dryer machines, and dishwasher all in 2023. Although this duplex is turn-key and ready to rent, it boasts the option to value-add with the ability to finish out basements and add egress windows, increasing finished square feet and rental income. Enjoy the advantage of rental income while living in one of Minnesota's most desirable suburbs.

12928 Excelsior Boulevard, Minnetonka

Listing courtesy of Rize Realty.

$580,000

CLOSED Status ⋅ 6 Beds ⋅ 3 Baths ⋅ 6485818 MLS ⋅ 2,725 SqFt.

Extremely rare Minnetonka triplex. Couldn't get any closer to the bike trail and the creek is just across the street. So are Peoples Organic and Dairy Queen. Where the building sits on the 1/2 acre lot means it's really quiet. Rent growth opportunity, and the perfect candidate for a house hack. This one will sell fast.

3414 Shady Oak Road, Minnetonka

Listing courtesy of Keller Williams Realty Integrity.

$675,000

CLOSED Status ⋅ 8 Beds ⋅ 4 Baths ⋅ 6469281 MLS ⋅ 3,724 SqFt.

Nestled on a quiet road just off of highway 7, this rare side-by-side Minnetonka duplex presents an ideal opportunity for an owner-occupant or real estate investor. Outside boats a large .59 acre lot with separate decks overlooking a private backyard. A walking path seamlessly connects to the Lake Minnetonka Regional Trail, Lunds and Byerly’s, and the Country Village shopping center, offering unparalleled convenience and access. Inside, each unit mirrors the other, presenting well designed floorplans that feature two bedrooms, a full bath and large living room on both the upper and lower levels. Separate entrances on each side of the home as well as lower-level laundry rooms, fireplaces, utilities and two car garages for each unit allow for privacy and convenience. A perfect location, large sized private lot and well-kept home makes this an exceptional find for both discerning owner-occupants as well as astute real estate investors.

3923 Cottage Lane, Minnetonka

Listing courtesy of National Realty Guild.

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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