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4365 Warren Avenue, Spring Park, MN 55384

New Listing

$299,000

Property Type: Multi-Family Bedrooms: 2 Baths: 2 Square Footage: 960 Lot Size (sq. ft.): 7,841 Status: Active

Current Price: $299,000 List Date: 7/07/2026 Last Modified: 7/08/2026

Overview

Description

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. ... (Read more)

Listing Details MLS# 7104668

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1930
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1075
Above Ground SqFt: 960
Total SqFt: 960
Foundation Size: 720
Style: (MF) Other
Total Finished Sqft: 960.00
Garage Stalls: 2
Lot Dimensions: 50 x 160
Acres: 0.18
Assessment Pending: No
Below Grd Total SqFt: 0

Property Features

Accessible: None Assumable Loan: Not Assumable Basement: Concrete Block; Partial; Storage Space Construction Status: Previously Owned Existing Financing: Conventional Exterior: Aluminum Siding; Brick/Stone; Vinyl Foundation: Concrete Block Fuel: Natural Gas; Propane Heating: Forced Air Lock Box Type: Combo Lot Description: Tree Coverage - Medium Owner Pays: Fuel; Insurance; Maintenance/Repair; Sewer; Taxes; Trash Collection; Water Parking Characteristics: Other Pool Description: None Rental License Type: Standard Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Asphalt Shingles; Pitched Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Stories: One Tenant Pays: Electricity; Fuel; Snow Removal Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 299000
ListPrice: 299000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 4365
Street Name: Warren
Street Suffix: Avenue
Postal City: Spring Park
County: Hennepin
State: MN
Zip Code: 55384
Complex/Dev/Subdivision: Pattees Hillcrest

Assessments

Tax With Assessments: 3680.14
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 960

More Information

Income and Expenses

Annual Gross Expenses: 10507
Annual Gross Income: 32690
Annual Insurance Expense: 3056
Annual Net Income: 22183
Annual Repair Expense: Yes
Annual Trash Expense: 649.59
Annual Water/Sewer Expense: 1930.74
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Maintenance Expense: 0
Total Annual Expenses: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 400
Other: Yes

Public Survey Info

Range#: 23
Section#: 18
Township#: 117

Unit 1

Furnished?: No
Leased?: Yes
Unit Number: Yes
Annual Rent: 9900
Finished SqFt: 225
Full Baths: Yes
Monthly Rent: 825
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 2

Unit 2

Furnished?: No
Leased?: Yes
Unit Number: 2
Annual Rent: 9900
Finished SqFt: 225
Full Baths: Yes
Monthly Rent: 825
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 2

Unit 3

Furnished?: No
Leased?: Yes
Unit Number: 3
Annual Rent: 6420
Finished SqFt: 360
Monthly Rent: 535
No. of Units Like This: Yes
Total Rooms: Yes

Unit 4

Furnished?: No
Leased?: Yes
Unit Number: 4
Annual Rent: 6540
Finished SqFt: 150
Monthly Rent: 545
No. of Units Like This: Yes
Total Rooms: Yes

Unit Details

Total Units: 4

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: LOT 001 PATTEES HILLCREST
Listing City: Spring Park
Map Page: 117
Municipality: Spring Park
School District: Westonka
School District Phone: 952-491-8001
Zip Plus 4: 8394
Property ID Number: 1811723430021
Tax Year: 2026
Tax Amount: 3680.14
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 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.
Directions: From Mound, East on Shoreline Dr, Left on Interlachen Rd. Follow around bend as it turns into Warren Ave. Duplex on the Left.

Accessible

None: Yes

Assumable Loan

Not Assumable: Yes

Basement

Concrete Block: Yes
Partial: Yes
Storage Space: Yes

Construction Status

Previously Owned: Yes

Existing Financing

Conventional: Yes

Exterior

Aluminum Siding: Yes
Brick/Stone: Yes
Vinyl: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes
Propane: Yes

Heating

Forced Air: Yes

Lock Box Type

Combo: Yes

Lot Description

Tree Coverage - Medium: Yes

Owner Pays

Fuel: Yes
Insurance: Yes
Maintenance/Repair: Yes
Sewer: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Pool Description

None: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age Over 8 Years: Yes
Asphalt Shingles: Yes
Pitched: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Stories

One: Yes

Water

City Water/Connected: Yes

No. of Ranges

Four: Yes

No. of Refrigerators

Four: Yes

Tenant Pays

Electricity: Yes
Fuel: Yes
Snow Removal: Yes

Listing Office: Coldwell Banker Realty - Southwest Regional

Last Updated: July - 08 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.