$350,000
Off-Market Date: 04/13/20267920 Terrace Road NE Spring Lake Park, MN 55432
Pending MLS# 7049215
4 beds 2 baths 1,728 sq ft Multi-family
Details for 7920 Terrace Road NE
MLS# 7049215
Description for 7920 Terrace Road NE, Spring Lake Park, MN, 55432
Rare opportunity to own a side-by-side duplex with one side vacant for owner-occupancy and the other side leased month-to-month, offering immediate rental income. Each unit features 2 bedrooms, 1 bathroom, an attached garage stall, and access to a shared onsite laundry room conveniently located between the units. Situated on a spacious lot with large front and back yards, the property offers mature trees, plenty of shade, and ample on-street parking. Unit 7922 has seen recent cosmetic updates including new flooring, carpet, and freshly painted kitchen cabinets. This property presents a solid opportunity for investors looking to expand their portfolio or for an owner-occupant looking to offset their mortgage with rental income. Recent mechanical updates include a new furnace and water heater in 2024, along with a new laundry tub in 2025. Conveniently located near schools, parks, Mercy Hospital, public transportation, and several retail and shopping areas, this property offers easy access to everyday amenities for both tenants and future owners alike.
Listing Information
Property Type: Multi-family, Duplex Side by Side
Status: Pending
Bedrooms: 4
Bathrooms: 2
Lot Size: 0.36 Acres
Square Feet: 1,728 sq ft
Year Built: 1958
Foundation: 1,728 sq ft
Garage: Yes
Stories: 1 Story
Subdivision: Ferndale Add
Number Of Units Total: 2
County: Anoka
Days On Market: 4
Construction Status: Previously Owned
School Information
District: 16 - Spring Lake Park
Interior Features
Square Footage above: 1,728 sq ft
Accessibility: No Stairs Internal
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Heating: Forced Air, Natural Gas
Exterior / Lot Features
Attached Garage: Attached Garage
Garage Spaces: 2
Parking Description: Attached Garage, Driveway - Asphalt, Garage Sq Ft - 351.0
Exterior: Stucco, Wood
Roof: Age Over 8 Years, Asphalt Shingles
Lot Dimensions: 120x129
Zoning: Residential-Multi-Family
Additional Exterior/Lot Features: Tree Coverage - Light, Road Frontage - City
Community Features
Community Features: Other
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 1575
Unit 1 Baths Total: 1
Unit 1 Beds Total: 2
Unit 1 Rooms Total: 5
Unit 2 Units Total: 1
Unit 2 Actual Rent: 1750
Unit 2 Baths Total: 1
Unit 2 Beds Total: 2
Unit 2 Rooms Total: 5
Driving Directions
Hwy 65 to Osborne Rd, West to Terrace, North to property
Financial Considerations
Other Annual Tax: $48
Owner Pays: Gas,Insurance,Repairs,Sewer,Taxes,Water
Gross Income: 39600
Expense: 2900
Tax/Property ID: 023024310022
Tax Amount: 4538.84
Tax Year: 2026
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: RE/MAX Results
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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Sales History & Tax Summary for 7920 Terrace Road NE
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 7920 Terrace Road NE
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
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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