Updated Side-by-Side
1082 5th Street SE Forest Lake, MN 55025
New
1082 5th Street SE, Forest Lake, MN, 55025
$555,000
For Sale
$555,000
Other - Forest Lake, MN
Property Size3,696 SF
Lot Size0.23 Acres
Price / SF$150.16
Days on Market4
Property Features for 1082 5th Street SE
General Information
- Property type
- Other
- Property subtype
- Duplex
- Zoning
- Residential-Multi-Family
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Garage
- Standard status
- Active
- APN
- 0903221330127
- Size
- 3,696 SF
- Lot size
- 0.23 Acres
Utilities
- Heating system
- Baseboard, Electric (Heating)
Building Details
- Year built
- 1995
- Roof type
- Asphalt
- Architectural style
- Other
Listing Agency
Engel & Völkers Minneapolis
(612) 338-3836
1601 Hennepin Avenue, Minneapolis, MN
Listed by
Spencer Hutton
Added: Jul 15 Checked: Jul 18 at 6:06 pm
MLS# 7110419
Listing URL
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.
Investment Insights
Based on property information with market context.
This updated side-by-side duplex offers split-level living in each unit, with three bedrooms and two bathrooms per side. The upper level includes a primary bedroom with a walk-in closet, while the lower level provides two additional bedrooms. Each unit also has an in-unit laundry area located on the lower level.
Located at 1082 5th Street SE in Forest Lake, this property is zoned Residential-Multi-Family. Total configuration is 6 bedrooms and 4 bathrooms across both units, providing a straightforward, two-home setup within a single duplex structure.
For buyers and investors, the property’s unit-by-unit layout and laundry-in-unit arrangement are practical features that support day-to-day tenant convenience.
Located at 1082 5th Street SE in Forest Lake, this property is zoned Residential-Multi-Family. Total configuration is 6 bedrooms and 4 bathrooms across both units, providing a straightforward, two-home setup within a single duplex structure.
For buyers and investors, the property’s unit-by-unit layout and laundry-in-unit arrangement are practical features that support day-to-day tenant convenience.
Key Highlights
- Side‑by‑side duplex with 6 bedrooms and 4 bathrooms (split‑level layout).
- Each unit has an in‑unit laundry room on the lower level.
- Primary bedroom retreat includes a generous walk‑in closet (upper level of each unit).
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.2k | $19.80 |
| − Vacancy | −$4.0k | −$1.09 |
| EGI | $69.2k | $18.71 |
| − OpEx | −$20.7k | −$5.61 |
| NOI | $48.4k | $13.10 |
3,696 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$691.6K
$605.1K – $806.8K
NOI $48,409 @ 7.0% cap · market cap 8.72%
Second Best
Apartment 5plus
$642.2K
$562.0K – $749.3K
NOI $44,957 @ 7.0% cap · market cap 8.10%
Theoretical Best
Office A
$1.03M
$898.3K – $1.20M
NOI $71,864 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Side-by-side duplex with split-level layouts, 3 bedrooms and 2 bathrooms per unit, plus in-unit laundry.
Where is this duplex located?
The property is located at 1082 5th Street SE Forest Lake, MN.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: Side‑by‑side duplex with 6 bedrooms and 4 bathrooms (split‑level layout).; Each unit has an in‑unit laundry room on the lower level.; Primary bedroom retreat includes a generous walk‑in closet (upper level of each unit).
