1082 5th Street SE Forest Lake, MN 55025
For Sale MLS# 7045525
6 beds 4 baths 3,696 sq ft Multi-family
Details for 1082 5th Street SE
MLS# 7045525
Description for 1082 5th Street SE, Forest Lake, MN, 55025
Exceptional Investment Opportunity Forest Lake Side-by-Side Duplex 6 BD / 4 BADiscover 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.
Listing Information
Property Type: Multi-family, Duplex Side by Side
Status: Active
Bedrooms: 6
Bathrooms: 4
Lot Size: 0.23 Acres
Square Feet: 3,696 sq ft
Year Built: 1995
Foundation: 1,848 sq ft
Garage: Yes
Stories: Split Entry (Bi-Level)
Subdivision: Fred Richters Forest Lake Add
Number Of Units Total: 2
County: Washington
Days On Market: 23
Construction Status: Previously Owned
School Information
District: 831 - Forest Lake
Additonal Room Information
Laundry: In Unit, In Basement
Interior Features
Square Footage above: 1,848 sq ft
Square Footage below: 1,848 sq ft
Basement: Finished (Livable), Full
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Heating: Electric, Baseboard
Exterior / Lot Features
Attached Garage: Attached Garage
Garage Spaces: 4
Parking Description: Garage Door Opener, Attached Garage, Driveway - Concrete, Garage Dimensions - 24x24, Garage Door Height - 7, Garage Door Width - 16, Garage Sq Ft - 576.0
Exterior: Aluminum Siding, Vinyl
Roof: Age 8 Years or Less, Asphalt Shingles
Lot Dimensions: 69x140
Zoning: Residential-Multi-Family
Additional Exterior/Lot Features: Irregular Lot, Tree Coverage - Medium, Road Frontage - Paved Streets, City
Unit Information
Unit 1 Units Total: 2
Unit 1 Actual Rent: 3000
Unit 1 Baths Total: 2
Unit 1 Beds Total: 3
Unit 1 Rooms Total: 9
Driving Directions
61 to 11th east to 5th North to home.
Financial Considerations
Tenant Pays: Electric,Other,Trash
Owner Pays: Sewer,Water
Tax/Property ID: 0903221330127
Tax Amount: 5758
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Engel & Volkers Minneapolis Downtown
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 1082 5th Street SE
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 1082 5th Street SE
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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