1082 5th Street SE Forest Lake, MN $ 555,000
1082 5th Street SE
$ 555,000
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1082 5th Street SE

Forest Lake, MN, 55025
$ 555,000
Bedrooms3 Baths2.0 Sq 3,696

Monthly Estimate*

$ 3,833

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Multi-Family Home for sale in Forest Lake, MN

for $555,000 with 3 bedrooms and 2 full baths. This 3,696 square foot home was built in 1995 on a lot size of 0.232.

Exceptional Investment Opportunity | Forest Lake Side-by-Side Duplex | 6 BD / 4 BA Discover the perfect blend of modern living and smart investing with this beautifully updated side-by-side duplex nestled in sought-after Forest Lake. Each thoughtfully designed unit offers a stylish split-level layout featuring three bedrooms and two bathrooms, delivering the space and comfort that today's renters and homeowners demand. The upper level of each unit is home to a serene primary bedroom retreat complete with a generous walk-in closet, while two additional bedrooms on the lower level provide flexible space for family, guests, or a home office. Both units are finished with a fresh, modern aesthetic that sets them apart from the competition — think clean lines, updated finishes, and move-in ready appeal throughout. Convenient in-unit laundry rooms on the lower level of each unit add the everyday functionality that tenants love and that commands premium rents. Whether you're a savvy investor looking to maximize your portfolio with two income-producing units, or a buyer seeking the rare chance to live in one unit while your tenant's rent offsets your mortgage, this property delivers unmatched financial flexibility. Opportunities like this — turnkey, updated, and ideally situated in one of the north metro's most desirable lake communities — simply don't last long in today's market.

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Multi-Family Pending

Price

$ 555,000

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 5,758

Style

Duplex Side by Side

Lot Size

0.232

Year Built

1995

Town/City

Forest Lake

County/Region

Washington

MLS | Web ID

7110419

Features
General
Living Area 3696
Sewer City Sewer/Connected
Heating Baseboard
Roof Age 8 Years or Less Asphalt
Garage Spaces 4
Construction Materials Block Frame
Year Built 1995
Tenant Pays Electricity Other Trash Collection
Levels Split Entry (Bi-Level)
Property Subtype Duplex Side by Side
Tax Year 2025
Gross Income 0
Accessibility None
County Washington
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
New Construction N
Property Type Residential Income
Association Amenities None
Contingency None
MaintenanceExpense 0
Subdivision Name Fred Richters Forest Lake Add
Directions 61 to 11th east to 5th North to home.
City Forest Lake
High School District Forest Lake
Zoning Description Residential-Multi-Family
Number Of Units Total 2
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 5758
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Pending
Lender Owned No
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Interior
Basement Finished Full
Basement (Y/N) Y
Above Grade Finished Area 1848
Laundry Features In Basement In Unit
Total Bedrooms 6
Below Grade Finished Area 1848
Total Baths 4
Fuel Electric
Garage Dimensions 24x24
Garage Door Width 7
Garage Square Feet 576
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Exterior
Fencing None
Parking Features Attached Garage Concrete Garage Door Opener
Lot Features Irregular Lot Tree Coverage - Medium
Water Source City Water/Connected
Lot Size Area 0.232
Building Area Total 3696
Lot Dimensions 69x140
Waterfront Y/N N
Foundation Area 1848
Road Frontage Type City Street Paved Streets
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 1082
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* Excluded Features
List By
Engel & Volkers Minneapolis

Broker

spencer.hutton@evrealestate.com

Email

Affordability Calculator

$4,313
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,833
Monthly Property Taxes
$480
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
708654 Elementary School
708664 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/15/2026$555,000 Listed Price

Map


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1082 5th Street SE, Forest Lake, MN, 55025 is a Multi-Family Home for sale at $555,000 with 3,696 sqft and a lot size of 0.232. 1082 5th Street SE has 3 bedrooms, 2.0 baths, and was built in 1995. The property's zip code is 55025 which is in Forest Lake, MN