Great building for owner occupant or good cash flow for an investor. For an owner occupant this huge low interest rate assumable FHA loan with just about 23 years left on it can save huge money per year vs todays interest rates and pays down the principle much faster with this fixed rate loan with 7 years or so already paid down on it. Nicely updated siding and windows. Inside the units have updated flooring, kitchens and paint. Each unit has 2 bedrooms and a bath. The units have separate hot water heaters in them. A common boiler keeps this entire building cozy during the winter. Lots of parking out front on an asphalt lot. Very convenient location just a mile east of 35W off Lake Drive. Easy walking distance to shopping. Just a few short blocks to Lexington City Park.
Make a winning offer with the help of a local agent
Around this home
Schools
K - 12
Preschool & daycare
Golden Lake Elementary School
Public PreK-5 • Assigned • 1.0mi
8/10
Centennial Middle School
Public 6-8 • Assigned • 3.2mi
8/10
Centennial High School
Public 9-12 • Assigned • 1.7mi
10/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Offer insights
3811 Restwood Rd · $595,000
$596K and above
75% chance or better to win
Why $596K+ is a strong offer
DAYS ON MARKET
158 days
The average home goes pending in 88 days.
SALE-TO-LIST
101.3%
Most homes are selling 1% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bedroom
Living
Interior features
No basement
Two levels
Bedrooms
8 total bedrooms
Bathrooms
Four 1-bath units (1 full bathroom per unit)
Kitchen
Range
Refrigerator
Laundry & utility
Coin-operated laundry owned
Laundry closet on main level
Heating & cooling
Boiler heating
Exterior features
Light tree coverage
City street frontage with paved streets and street lights
Publicly maintained road
Home design
Residential income property
Owner-occupied
Two-story building
Above-grade finished area 3,328 total
Parking
Asphalt parking lot
Construction
Frame construction
Roof older than 8 years
Concrete perimeter foundation
Foundation area 1,664
Utilities
City water connected
City sewer connected
Electric with fuses
Natural gas
HOA & community
Coin-op laundry owned (association amenity)
Financial info
4 total units
Gross income $60,480
Net operating income $43,380
Owner pays exterior maintenance, gas, heat, insurance, grounds care, repairs, management, pest control, sewer, snow removal, taxes, trash collection, water
Tenant pays cable TV, electricity, hot water
Fuel expense $1,575
Water & sewer expense $1,216
Trash expense $1,800
Electric expense $300
Insurance expense $4,200
Other expense $300
Mortgage type: FHA
Electricity and solar
View estimated energy costs and solar savings for this home
Hard to Find Newer 4 Unit Building with all 2 Bedrooms Units at 7% Cap Rate. Many Updates to Units and Buildings over the years. Each Unit a Little Different Finishes.Updated Flooring, Appliances, Bathrooms, Cabinets, Siding. Coin Laundry. Plenty of Parking.
NORTHSTARMLS as Distributed by MLS Grid #3616377
Mar 2, 2009
Listing Removed
—
Nov 3, 2008
Listed
$369,900
$111/sq ft
NORTHSTARMLS as Distributed by MLS Grid #3008627
Oct 30, 2005
Listing Removed
—
Mar 24, 2005
Listed
$375,000
$113/sq ft
Public Records
Jun 17, 2003
Sold
$327,900
$99/sq ft
NORTHSTARMLS as Distributed by MLS Grid #2100252
Apr 30, 2003
Listing Removed
—
Dec 17, 2002
Listed
$322,900
$97/sq ft
Public Records
Sep 18, 2001
Sold
$250,000
$75/sq ft
Public Records
Apr 26, 2000
Sold
$165,000
$50/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$9,910 (−1.8%)
$75,600 + $490,800
$566,400
2025
$10,095 (+3.3%)
$75,600 + $505,100
$580,700
2024
$9,772 (+10.3%)
$68,700 + $528,800
$597,500
2023
$8,863 (+2.5%)
$59,800 + $468,100
$527,900
2022
$8,647 (+6.7%)
$59,800 + $434,900
$494,700
2021
$8,103 (−5.9%)
$59,800 + $421,300
$481,100
2020
$8,615 (+28.8%)
$59,800 + $421,300
$481,100
2019
$6,689 (+15.9%)
2018
$5,773 (+10.0%)
$38,400 + $250,200
$288,600
2017
$5,247 (+13.6%)
$48,000 + $226,800
$274,800
2015
$4,617 (−17.0%)
$40,000 + $183,700
$223,700
2014
$5,566 (−59.5%)
$44,400 + $189,600
$234,000
2013
$13,738
$46,300 + $200,500
$246,800
Public record
Beds
—
Baths
—
Stories
1
Lot width
75 ft.
Lot depth
200 ft.
Lot size
0.35 Acres
Year renovated
1985
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
1984
Style
Multi-Family (5+ Unit)
County
Anoka County
APN
35-31-23-12-0015
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 21, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 100° expected this year, 14 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Circle Pines, MN • 55014
Average low and high temperatures (°F)
22
6
30
13
49
29
57
38
70
49
78
61
85
67
79
63
75
58
62
46
45
31
29
14
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
85/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
5.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3811 Restwood Rd
$588,471
$6,529 under list price of $595K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $379K to $578K.