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$350,000 Just Listed

  • For Sale
  • Active
  • Duplex
  • 4 Beds
  • 2 Total Baths
  • 1,728 Sq. Ft.
  • 2 Car Garage
  • Updated 1 hour ago
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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.

Full Property Details for 7920 Terrace Rd NE

General

  • Price: $350,000
  • Taxes: $4,538 (2026)
  • Status: Active
  • Type: Duplex
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7049215
  • Updated: Today (4/9/2026)
  • Added to Site: Today

Rooms

Bathrooms

  • Total Bathrooms: 2

Bedrooms

  • Total Bedrooms: 4

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Parking Features: Attached Garage, Asphalt

Location

  • County: Anoka
  • Township: Spring Lake Park
  • Subdivision: Ferndale Add
  • Driving Directions: Hwy 65 to Osborne Rd, West to Terrace, North to property

School Information

  • School District: 844 - Spring Lake Park
  • High School District: Spring Lake Park

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

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

Structural Information

  • Foundation Size: 1728
  • Roof: Age Over 8 Years, Asphalt
  • Disability Access: No Stairs Internal
  • Square Feet: 1,728
  • Above Ground: 1,728 Sq. Ft.
  • Finished Down/Base.: 1,728 Sq. Ft.
  • Year Built: 1958

Unit Information

  • Units w/Refrigerators: 1

Lot Features

  • Lot Size (Acres): 0.36
  • Lot Dimensions: 120 x 129
  • Frontage: City Street
  • Zoning: Residential-Multi-Family
  • Lot Description: Light Tree Coverage

Financial Considerations

  • Operating Expenses: $2,900
  • Tax Amount: $4,538.84
  • Tax Year: 2026
  • Terms: Conventional, VA, FHA, Cash, Other
  • Owner Pays: Gas, Insurance, Repairs, Sewer, Taxes, Water
  • Pays Gas: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: THE S1/2 OF LOT 3 BLK 2 FERNDALE ADD, TOG/W ALL OF LOT 4 SD BLK 2, SUBJ TO EASE OF REC
  • Property ID: 23024310022

Listed by RE/MAX Results

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— 7920 Terrace Rd NE —

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Schools serving 7920 Terrace Rd NE

School District:Spring Lake Park Schools
NameGradesDistance
Park Terrace Elementary School
8301 Terrace Road Northeast, Spring Lake Park, MN 55432
PK-40.4 mi
Westwood Middle School
711 91st Avenue Northeast, Blaine, MN 55434
5-81.8 mi
Centerview Elementary School
10365 Davenport Street Northeast, Blaine, MN 55449
PK-43.6 mi
Spring Lake Park Senior High School
1100 81st Avenue Northeast, Spring Lake Park, MN 55432
9-120.7 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 7920 Terrace Rd NE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/09/2026
Listed
$350,000
38.89%
MLS
11/20/2020
Sold
$252,000
—
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 7920 Terrace Rd NE

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,329
—
$320,700
10%
2025
$4,329
24%
$290,600
—
2024
$3,478
-4%
$290,400
10%
2023
$3,626
3%
$264,700
-4%
2022
$3,522
6%
$275,900
26%
2021
$3,335
-9%
$219,500
100%
2020
$3,671
—
-100%
2020
$3,671
21%
$207,600
29%
2018
$3,035
11%
$160,800
12%
2017
$2,729
1%
$143,500
5%
2016
$2,710
8%
$136,800
6%
2015
$2,512
-5%
$129,100
5%
2014
$2,648
—
$123,300
—
View All
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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7920 Terrace Road NE, Spring Lake Park, MN 55432 (MLS# 7049215) is a Duplex property with 4 bedrooms and 0 full bathrooms. 7920 Terrace Road NE is currently listed for $350,000 and was received on April 09, 2026. Want to learn more about 7920 Terrace Road NE? Do you have questions about finding other Duplex real estate for sale in Spring Lake Park? You can browse all Spring Lake Park real estate or contact a Coldwell Banker agent to request more information.

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