Unique four-unit investment opportunity in a highly desirable locationnear 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
$161Price/Sq.Ft.
2 car garageParking
Listed by Ryan Platzke• Coldwell Banker Realty - Southwest Regional
Listed by Laura Olivier• Coldwell Banker Realty - Southwest Regional
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
Finished Sq. Ft.
1,040
Unfinished Sq. Ft.
—
Total 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.
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.
9.9 hrs
5.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 4365 Warren Ave
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $299,900 and $600,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $300K to $600K.