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.
Multi-familyProperty Type
1930Year Built
7,840 sq ftLot Size
2 car garageParking
Listed by Ryan Platzke• Coldwell Banker Realty - Southwest Regional
Listed by Laura Olivier• Coldwell Banker Realty - Southwest Regional
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Market trends in 55384, MN
Last updated October 2026
Buyer's Market
Seller's Market
Seller's market
Sale-to-list price
99.4%
1.1% MoM
Median sale price
$697K
$13K MoM
Avg. days on market
5d
12 days MoM
Recently sold homes
9
3 MoM
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Sale and tax history for 4365 Warren Ave
Sale History
Tax History
Date
Event
Price
NORTHSTARMLS as Distributed by MLS Grid #7104668
Nov 12, 2026
Sold
$250,000
Nov 4, 2026
Pending
—
Sep 18, 2026
Price Changed
$275,000
Jul 7, 2026
Listed
$299,000
NORTHSTARMLS as Distributed by MLS Grid #5694917
Feb 5, 2021
Sold
$250,000
Jan 31, 2021
Pending
—
Jan 27, 2021
Pending
—
Jan 26, 2021
Pending
—
Jan 5, 2021
Pending
—
Jan 2, 2021
Listed
$249,900
Dec 23, 2020
Coming Soon
$249,900
+12
Wonderful location close to Lake Minnetonka and near trail system. 4 units total. (1 duplex and 2 tiny homes)Total of 4 mailing addresses Great rental history with no vacancy in last 10 years. Priced according to condition. Each side of duplex has 1 bedroom, kitchen, 1 family room, basement storage and 1 garage stall. Tiny home 1, has Kitchen, bedroom and downstairs bath Tiny home 2, has kitchen, 2 rooms and downstairs bath Buildings have lots of potential and some repairs are needed.
Year
Property tax
Land + Additions
Assessment*
2026
$3,680 (+5.1%)
$60,000 + $218,000
$278,000
2025
$3,502 (+6.6%)
$60,000 + $206,000
$266,000
2024
$3,285 (+8.4%)
$60,000 + $206,000
$266,000
2023
$3,029 (+3.9%)
$60,000 + $200,000
$260,000
2022
$2,915 (+4.9%)
$54,000 + $168,000
$222,000
2021
$2,780 (−3.0%)
$54,000 + $157,000
$211,000
2020
$2,867 (−0.9%)
$45,000 + $157,000
$202,000
2019
$2,893 (+1.0%)
$45,000 + $157,000
$202,000
2018
$2,865 (+44.1%)
$45,000 + $147,000
$192,000
2017
$1,988 (+5.4%)
$45,000 + $85,000
$130,000
2015
$1,886 (−3.3%)
$35,000 + $80,000
$115,000
2014
$1,950 (+2.9%)
$35,000 + $80,000
$115,000
2013
$1,895 (+11.9%)
$35,000 + $80,000
$115,000
2012
$1,693
$42,000 + $88,000
$130,000
Public record
Beds
2
Baths
2
Stories
1
Lot width
50 ft.
Lot depth
152 ft.
Lot size
7,841 Sq. Ft.
Year renovated
1950
Sq. Ft.
1,040
Year built
1930
Style
Multi-Family (5+ Unit)
County
Hennepin County
APN
18 117 23 43 0021
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 16, 2026.
Property details
Parking
Parking Information
Parking Features: Attached Garage, Gravel, Other
Garage Spaces: 2
Garage Sq. Ft.: 400
Interior
Virtual Tour
Bedroom Information
# of Bedrooms: 2
Basement Information
Has Basement
Basement Features: Block, Partial, Storage Space
Heating & Cooling
Heating Information: Forced Air
Multi-Family Financial Information
Owner Pays: Fuel, Insurance, Repairs, Sewer, Taxes, Trash Collection, Water
Water Sewer Expense: $1,930.74
Trash Expense: $649.59
Insurance Expense: $3,056
Other Expense: $1
Net Operating Income: $22,183
Gross Income: $32,690
Multi-Unit Information
# of Units (Total): 4
Unit Type 1 Information
Sq. Ft.: 520
# of Rooms Total: 2
# of Bedrooms: 1
# of Bathrooms: 1
# of Full Bathrooms: 1
# of Units: 1
Unit Type 2 Information
Sq. Ft.: 520
# of Rooms Total: 2
# of Bedrooms: 1
# of Bathrooms: 1
# of Full Bathrooms: 1
# of Units: 1
Unit Type 3 Information
Sq. Ft.: 401
# of Rooms Total: 1
# of Units: 1
Unit Type 4 Information
Sq. Ft.: 265
# of Rooms Total: 1
# of Units: 1
Exterior
Building Information
Foundation Area: 1,040
Roof: Age Over 8 Years, Asphalt, Pitched
Exterior Features
Exterior Features: Stone, Vinyl
Pool Information
Pool Features: None
Property Information
Above Ground Total Sq. Ft.: 1,850
FractionalOwnershipYN: No
Owner Occupied: No
Property Type: Residential Income
Property Sub Type: Other
Above Grade Finished Area: 1,706
Lot Information
Lot Features: Tree Coverage - Medium
Lot Size Area: 0.18
Lot Size Units: Acres
Lot Size Dimensions: 50 x 160
Road Frontage Type: City Street
Road Responsibility: Public Maintained Road
Financial
Tax Information
Tax Annual Amount: $3,680.14
Tax Year: 2026
Tax With Assessments: $3,680.14
Lease / Rent Details
Rental License Type: Standard
RentalLicense Y/N: Y
Tenant Pays: Electricity, Fuel, Snow Removal
Financial Information
Conventional
Utilities
Utility Information
Water Source: City Water/Connected
Sewer: City Sewer/Connected
Fuel: Natural Gas,Propane
Location
School Information
High School District: Westonka
School District Number: 277
School District Phone: 9524918001
Location Information
Directions: From Mound, East on Shoreline Dr, Left on Interlachen Rd. Follow around bend as it turns into Warren Ave. Duplex on the Left.
Map Coordinate: 117-A1
Public facts
Beds: 2
Baths: 2.0
Sq. Ft.: 1,040
Stories: 1.0
Lot Size: 7,841 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1930
Year Renovated: 1950
County: Hennepin County
APN: 18 117 23 43 0021
Home facts updated by county records on Oct 16, 2026
Other
Home Information
Living Area: 1706
Living Area Units: Square Feet
Main Level Finished Area: 1706
Building Area Total: 1850
Foundation Details: Block
Levels: One
Around this home
Schools
Grandview Middle School
Public 5-7 • Assigned • 1.8mi
10/10
Mound-Westonka High School
Public 8-12 • Assigned • 2.3mi
9/10
Provided by GreatSchools
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 98° 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
Spring Park, MN • 55384
Average low and high temperatures (°F)
22°
6°
29°
13°
47°
28°
56°
38°
69°
50°
77°
61°
85°
67°
79°
64°
75°
58°
62°
47°
44°
32°
28°
14°
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
98/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 12% for direct sun exposure in Spring Park. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.