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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.

Agent Description

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

4 full
1995

Monthly Cost Estimate

$3,097/mo

20% down · 6.5% · 30 years

Principal$419
Interest$2,509
Insurance$169

Estimates only. Actual payments may vary.

Location

1082 5th Street SE

Forest Lake, MN 55025

Fred Richters Forest Lake Add

Property Details

Parking

Garage

Heating

BaseboardElectric (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.

SH

Spencer Hutton

Agent at Engel & Völkers Minneapolis Downtown

Listed by Engel & Völkers Minneapolis Downtown · View on Broker Site

MLS# 7045525· Source: listhub· Updated today

Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1082 5th Street SE, Forest Lake, MN 55025

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