Two-Unit Duplex with
5017-5019 Shoreline Drive, Mound, MN 55364
For Sale
$399,000
Each residence includes private laundry and a garage; one recently renovated unit is vacant and ready for occupancy.
Property Size2,412 SF
Price / SF$165.42
Days on Market34
Property Features for 5017-5019 Shoreline Drive
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private laundry
garage
large yard
Building Details
Building Size
Year Built
Buildings
Listing Agency:
10K Realty
Listed By:
Kelly L Sowada
Source:
Trenaryrealty
Added: Oct 7
Changed: Nov 7
Last Checked: Nov 8 at 2:50PM
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 10K Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,412-square-foot duplex, built in 1970, contains two residences with three bedrooms and one bathroom apiece. Both have private laundry and an individual garage. Unit 5019 has been renovated and is vacant, while the other unit provides a separate living space within the same building. The property also includes a yard for outdoor use.
Located in Mound near Lake Minnetonka, the duplex is close to parks, shopping, dining, and schools. Its two-unit configuration, separate garages, and in-unit laundry are practical features for the residences. The vacant renovated unit is ready to be occupied or rented.
Located in Mound near Lake Minnetonka, the duplex is close to parks, shopping, dining, and schools. Its two-unit configuration, separate garages, and in-unit laundry are practical features for the residences. The vacant renovated unit is ready to be occupied or rented.
Key Highlights
- Two residences, each with 3 bedrooms and 1 bathroom
- 2,412‑square‑foot duplex built in 1970
- Unit 5019 is renovated and vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,241
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,820
$704.8K
Cap Rate 7%
$503,443
$503.4K
Cap Rate 9%
$391,567
$391.6K
Market Conditions
NOI Build-Up for 2,412 SF
Gross rent
$53.5K $22.20/SF
− Vacancy
−$3.2K −$1.33/SF
EGI
$50.3K $20.87/SF
− OpEx
−$15.1K −$6.26/SF
NOI
$35.2K $14.61/SF
Area
Hennepin County, MN
Vacancy
5.98%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,820
Cap Rate 7%
$503,443
Cap Rate 9%
$391,567
Alternative Uses
Best Use
Multifamily LT 5
$503.4K
$440.5K – $587.4K
NOI $35,241 @ 7.0% cap · market cap 8.83%
Second Best
Apartment 5plus
$402.7K
$352.4K – $469.9K
NOI $28,192 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$575.5K
$503.5K – $671.4K
NOI $40,282 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
Explore this area
Business Placement
Demographics for 55364, MN
15,210
Population
6,740
Households
2.3
Avg Household Size
43
Median Age
50%
College-Educated
98%
High-School Grad
15.2 sq mi
ZIP Area
1,001
Density / Sq Mi
$111,083
Median Household Income
$72,391
Median Earnings
$1,128
Median Rent
$411,200
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Hennepin County, MN
Properties on Market for Duplexes in Hennepin County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes private laundry and a garage; one recently renovated unit is vacant and ready for occupancy.
Where is this duplex located?
The property is located at 5017-5019 Shoreline Drive Mound, MN.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 1 bathroom; 2,412‑square‑foot duplex built in 1970; Unit 5019 is renovated and vacant
