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About This Home
This 6-bedroom, 4-bathroom multi-family at 1082 5th Street SE in Forest Lake, MN is listed for $579,000 ($157 per sqft). Built in 1995, the home offers 3,696 sqft of living space on a 0.23 acres lot.
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.
Key Features
- Built in 1995
- 0.23 acre lot
Property Details
Monthly Cost Estimate
$3,097/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1082 5th Street SE
Forest Lake, MN 55025
Fred Richters Forest Lake Add
Property Details
Parking
Heating
Questions & Answers
This 6-bedroom, 4-bathroom multi-family at 1082 5th Street SE is listed at $579,000 ($157/sqft). The estimated monthly payment is $2,509 based on 20% down at 6.5% interest.
Key features include: Built in 1995, 0.23 acre lot.
This property is listed by Spencer Hutton or MinneapolisDowntown@engelvoelkers.com.
Spencer Hutton
Agent at Engel & Völkers Minneapolis Downtown




