Location, Location, Location! This duplex is nestled in the heart of Wayzata Proper! Do not miss out on this gorgeous neighborhood within 2-5 minutes walking to everything downtown Wayzata has to offer! Walk to the restaraunts, beach, dock, etc. Great opportunity with an assumable 2.875% VA mortgage! Perfect owner occupant property or finish updating for a turn key operation! Unit 307 has been fully renovated with new kitchen, baths, windows, refinished hardwoods! Unit 205 is could use some minor project completions. Tandem garage offers 600 sq feet of parking and storage. Brand new top of the line roof with lifetime warranty. Truly a coveted lot. Newer water heaters, stainless steel appliances, granite, spiral staircases. Each unit has its own laundry! Land value alone is supported in this neighborhood with homes valued at $2M+
Multi-familyProperty Type
1965Year Built
10,018 sq ftLot Size
$246Price/Sq.Ft.
2 car garageParking
Listed by Stephanie Ferrell• Ferrell Real Estate Group Inc
Plymouth-Wayzata, located between Lake Minnetonka and Medicine Lake, is a lakeside and suburban Plymouth neighborhood with wooded shorelines and polished retail pockets. The neighborhood’s character concentrates around the Wayzata Boulevard–Lake Street corridor, where marina slips, sidewalk patios, and small storefronts set a lake-town cadence. Wayzata Bar & Grill, 6Smith, and the Wayzata Depot anchor local routines with dining, gathering, and a touch of rail history. Housing ranges from mid-century ramblers to newer builds on curving, tree-lined streets. Trails and parks stitch together water views and everyday errands. The pace feels outdoors-forward, with boats, bikes, and café tables sharing the same calendar.
Provided by Walk Score and Local Logic
Offer insights
305-307 Reno St · $799,900
$814K and above
75% chance or better to win
Why $814K+ is a strong offer
DAYS ON MARKET
2 days
The average home goes pending in 39 days.
SALE-TO-LIST
98.5%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
Finished full basement with daylight/lookout windows and walkout access
Basement has storage space
Boiler heating
Bedrooms
3 bedrooms total
Bathrooms
2 bathrooms (1 full, 1 three-quarter)
Heating & cooling
Boiler heating
Exterior features
Medium tree coverage
Cul-de-sac lot with paved streets
Lot dimensions approximately 76 x 130
Home design
Duplex (side-by-side) residential income property
Split entry (bi-level) layout
Owner-occupied
Parking
2-car garage with garage door opener
Construction
Block foundation
Pitched roof (age 8 years or less)
Utilities
City water connected
City sewer connected
Xcel Energy power
Natural gas
HOA & community
No association amenities
Financial info
Gross multi-family income reported: $30,000
Mortgage type: VA
Other
Property contains 2 total units
Electricity and solar
View estimated energy costs and solar savings for this home
Location, Location, Location! Do not miss out on this gorgeous location within 2-5 minutes walking to everything downtown Wayzata has to offer! Walk to the restaraunts, beach, dock, etc. This loved home is currently being used as a single family residence, but could be turn key as a sidexside as well! Do not miss the opportunity to live in or cash flow this Wayzata property. Great opportunity to make some money on rent while planning out your dream home on this coveted lot. Fresh paint and some other updates including water heaters, appliances, etc. Each unit has its own laundry! The value is in the land on this one and the duplex is a huge bonus!
Public Records
Nov 20, 1997
Sold
$150,000
$46/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$10,234 (+13.3%)
$785,000 + $10,200
$795,200
2025
$9,033 (−10.8%)
$493,500 + $297,400
$790,900
2024
$10,127 (+19.1%)
$493,500 + $298,700
$792,200
2023
$8,505 (+19.9%)
$431,000 + $286,000
$717,000
2022
$7,095 (+23.3%)
$282,000 + $245,000
$527,000
2021
$5,756 (+7.6%)
$247,000 + $240,000
$487,000
2020
$5,349 (−15.9%)
$211,000 + $225,000
$436,000
2019
$6,361 (+18.6%)
$211,000 + $229,000
$440,000
2018
$5,363 (+14.7%)
$211,000 + $217,000
$428,000
2017
$4,675 (+4.4%)
2015
$4,477 (+18.3%)
2014
$3,786 (+1.3%)
2013
$3,738 (−11.0%)
2012
$4,200
Public record
Beds
6
Baths
5
Stories
1
Lot width
—
Lot depth
130 ft.
Lot size
10,019 Sq. Ft.
Year renovated
1975
Finished Sq. Ft.
2,819
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,819
Year built
1965
Style
Other
County
Hennepin County
APN
05 117 22 33 0022
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 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
Wayzata, MN • 55391
Average low and high temperatures (°F)
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5
29
13
48
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38
69
49
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84
67
78
63
75
58
64
46
44
31
28
14
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 305-307 Reno St
$790,834
$9,066 under list price of $800K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $595K to $995K.