Building Details

Year Built 1963

Listing Agency: Nordin Realty Inc

Listed By: Michael Bartus Show Phone

Source: Hometwincities

Added: Aug 17 Changed: Oct 13 Last Checked: Oct 12 at 7:08PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nordin Realty Inc

Investment Insights

Based on property information with market context.

This 1963 duplex contains two independent living spaces suited to an owner-occupant arrangement or multifamily investment. The east unit includes three upper-level bedrooms and a fourth egress bedroom or flexible lower-level space. The west unit has two upper-level bedrooms plus a third egress bedroom downstairs. Both residences feature updated kitchens and bathrooms with custom cabinetry, along with separate utility meters and electric baseboard heat.

Property improvements include a new driveway, windows, interior and exterior paint, plumbing and fixtures, insulation, appliances, A/C units, gutters, and tree maintenance. Additional features include large garages, fenced yards, substantial storage, and basement areas with room to expand. The property is located in Shorewood within the Minnetonka School District and near Minnewashta Elementary at 25640 Wild Rose Lane.

Key Highlights

• Two‑unit duplex with separate living spaces and utility meters
• East unit includes 3 upper‑level bedrooms plus a 4th egress bedroom or flexible lower‑level space
• West unit offers 2 upper‑level bedrooms and a 3rd egress bedroom downstairs

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$42,972

Cap Rate

6.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$859,440 $859.4K

Cap Rate 7%

$613,886 $613.9K

Cap Rate 9%

$477,467 $477.5K

Market Conditions

NOI Build-Up for 3,316 SF

Gross rent

$65.7K $19.80/SF

− Vacancy

−$4.3K −$1.29/SF

EGI

$61.4K $18.51/SF

− OpEx

−$18.4K −$5.55/SF

NOI

$43.0K $12.96/SF

Area

Hennepin County, MN

Vacancy

6.50%

Lease Rate

$19.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$859,440

Cap Rate 7%

$613,886

Cap Rate 9%

$477,467

Alternative Uses

Best Use

Multifamily LT 5

$613.9K

$537.2K – $716.2K (±1% cap)

NOI $42,972 @ 7.0% cap · market cap 6.27%

Second Best

Apartment 5plus

$553.7K

$484.5K – $646.0K (±1% cap)

NOI $38,759 @ 7.0% cap · market cap 5.66%

Theoretical Best

Office A

$791.1K

$692.2K – $923.0K (±1% cap)

NOI $55,379 @ 7.0% cap · market cap 8.08%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Auto Repair Shop Restaurant Real Estate Agency Building Supply Hair Salon HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

62

Businesses Nearby

Explore this area Business Placement

Demographics for 55331, MN

19,568

Population

8,275

Households

2.4

Avg Household Size

46

Median Age

71%

College-Educated

99%

High-School Grad

16.3 sq mi

ZIP Area

1,200

Density / Sq Mi

$160,029

Median Household Income

$75,771

Median Earnings

$1,208

Median Rent

$707,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Duplex - Two distinct units offer updated kitchens and baths, separate utility meters, garages, and fenced yards.

Where is this duplex located?

The property is located at 25640 Wild Rose Lane Shorewood, MN.

What is the asking price?

The asking price for this property is $685,000.

What are key features of this property?

This property features: Two‑unit duplex with separate living spaces and utility meters; East unit includes 3 upper‑level bedrooms plus a 4th egress bedroom or flexible lower‑level space; West unit offers 2 upper‑level bedrooms and a 3rd egress bedroom downstairs