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$579,000 Just Listed

  • For Sale
  • Active
  • Duplex
  • 6 Beds
  • 4 Total Baths
  • 3,696 Sq. Ft.
  • 4 Car Garage
  • Updated 1 day ago
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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.

Full Property Details for 1082 5th St SE

General

  • Price: $579,000
  • Taxes: $5,758 (2025)
  • Status: Active
  • Type: Duplex
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7045525
  • Updated: 5/15/2026
  • Added to Site: 1 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Laundry: In Basement, In Unit, In Basement, In Unit

Additional Information

  • Shared Amenities: None

Exterior

  • Porch/Patio/Deck: Deck

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Description: 24 x 24
  • Garage Spaces: 4
  • Parking Features: Attached Garage, Concrete, Garage Door Opener

Location

  • County: Washington
  • Township: Forest Lake
  • Subdivision: Fred Richters Forest Lake Add
  • Driving Directions: 61 to 11th east to 5th North to home.

School Information

  • School District: 831 - Forest Lake
  • High School District: Forest Lake

Heating & Cooling

  • Heating Type: Baseboard
  • Heating Fuel: Electric

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Exterior Const.: Block, Frame
  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Finished, Full
  • Foundation Size: 1848
  • Roof: Age 8 Years or Less, Asphalt
  • Disability Access: None
  • Square Feet: 3,696
  • Above Ground: 1,848 Sq. Ft.
  • Below Ground: 1,848 Sq. Ft.
  • Finished Down/Base.: 3,696 Sq. Ft.
  • Year Built: 1995

Unit Information

  • Units w/Refrigerators: 2

Lot Features

  • Lot Size (Acres): 0.232
  • Lot Dimensions: 69 x 140
  • Frontage: City Street, Paved Streets
  • Zoning: Residential-Multi-Family
  • Lot Description: Irregular Lot, Medium Tree Coverage

Financial Considerations

  • Tax Amount: $5,758
  • Tax Year: 2025
  • Terms: Conventional, VA, FHA, Cash
  • Owner Pays: Sewer, Water
  • Tenant Pays: Electricity, Other, Trash Collection
  • Pays Electric: Tenant Pays
  • Pays Trash: Tenant Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: LOT 7 AND THE NORTH 20 FEET OF LOT 8, ALL IN BLOCK 10 OF FRED RICHTER S FOREST LAKE ADDITION, WASHINGTON COUNTY, MINNESOTA; SUBJECT TO AND TOGETHER WITH ANY VALID EASEMENTS, RESTRICTIONS AND RESERVATIONS BLOCK 10 LOT 7 SUBDIVISIONCD 32470 SUBDIVISION NAME FRED RICHTER'S FOREST LAKE ADD BLOCK 10 LOT 8 SUBDIVISIONCD 32470 SUBDIVISIONNAME FRED RICHTER'S FOREST LAKE ADD
  • Property ID: 903221330127

Listed by Engel & Volkers Minneapolis Downtown

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— 1082 5th St SE —

  • Engel & Volkers Minneapolis Downtown

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Schools serving 1082 5th St SE

School District:Forest Lake Public School District
NameGradesDistance
Forest Lake Elementary School
408 Southwest 4th Avenue, Forest Lake, MN 55025
4-60.7 mi
Forest View Elementary School
620 Southwest 4th Avenue, Forest Lake, MN 55025
K-30.7 mi
Forest Lake Area Middle School
21395 Goodview Avenue North, Forest Lake, MN 55025
7-90.7 mi
Forest Lake Senior High School
6101 Scandia Trail North, Forest Lake, MN 55025
10-120.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1082 5th St SE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/15/2026
Listed
$579,000
46.21%
MLS
4/01/2022
Sold
$396,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1082 5th St SE

Year
Property Taxes
Change
Tax Assessment
Change
2026
$5,758
2%
$433,800
4%
2025
$5,630
22%
$415,600
8%
2023
$4,626
—
$383,900
23%
2023
$4,626
4%
$312,100
-1%
2021
$4,430
-3%
$315,300
-1%
2020
$4,556
—
$319,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Engel & Volkers Minneapolis Downtown

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1082 5th Street SE, Forest Lake, MN 55025 (MLS# 7045525) is a Duplex property with 6 bedrooms and 0 full bathrooms. 1082 5th Street SE is currently listed for $579,000 and was received on May 15, 2026. Want to learn more about 1082 5th Street SE? Do you have questions about finding other Duplex real estate for sale in Forest Lake? You can browse all Forest Lake real estate or contact a Coldwell Banker agent to request more information.

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