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Waconia, MN

Residential Income

Waconia, MN Residential Income Properties for Sale

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St Bonifacius, MN Minnetrista, MN Chaska, MN Mayer, MN Victoria, MN Watertown, MN Young America, MN Mound, MN

Turnkey Updated Duplex Opportunity

Updated: Jul 13

Turnkey Updated Duplex Opportunity

340 S Olive Street, Waconia, MN 55387

$299,000

1,828 sqft 0.25 AC lot

Two‑unit duplex built in 1924 with vinyl exterior, shingle roof, and detached garage parking
Main‑level unit: 2BR/2BA currently leased at $1,793/month total (rent + utilities/pet fees)
Recent upgrades since 2023 include new trim, fresh paint, updated bath (new flooring/vanity), and added bedroom
Major system updates since 2023: new sub‑panel, spray foam insulation, full re‑pipe to PEX, and new water softener
Main‑level also features electric radiant heaters, converted den now used as a bath, and new LVP flooring in kitchen/entry

This listing looks promising.

Here's a quick look at some key insights for

340 S Olive Street, Waconia, MN 55387

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Est. Cap Rate

8.9%
Above avg (5.9%)
Est. NOI

$27K
Annual
Price @ 7% Cap

$382K
Above asking
Property Type

Single Family Residence
Built 1924

View Property Analytics

Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 1 Active listings in Waconia, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 6 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Side-by-Side Duplex with Private Patios

Side-by-Side Duplex with Private Patios

309 Washington Avenue S, Edina, MN 55343

$525,000

2,125 sqft 0.23 AC lot

Well-maintained one-level duplex with private rear patios, in-unit laundry, and recent exterior updates in place for comfortable occupancy.

Duplex with Vacant Owner-Occupy Side

Duplex with Vacant Owner-Occupy Side

11 16th Avenue N, Hopkins, MN 55343

$549,900

2,566 sqft 0.18 AC lot

One unit is vacant for owner-occupancy, with the other rented and both featuring in-unit washer and dryer.

Stone-Front Duplex in Edina

Stone-Front Duplex in Edina

5124 Richmond Drive, Edina, MN 55436

$550,000

1,758 sqft 0.28 AC lot

Well-kept duplex with stone exterior, hardwood floors, updated kitchens, central air, and separate basements for each unit.

12-Unit Apartment Building

12-Unit Apartment Building

57 6th Avenue South, Hopkins, MN 55343

$1,350,000

Twelve apartment units with individually controlled HVAC and 13 on-site parking spaces, blocks from Downtown Hopkins Mainstreet.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Wooded Walk-Out Lake View Lot

Wooded Walk-Out Lake View Lot

5123 Waterbury Road, Mound, MN 55364

$189,900

0.26 AC lot

Build on a wooded walk-out lot with seasonal Lake Minnetonka views and utilities ready for permitting.

Waterfront Land with South-Facing Shoreline

Waterfront Land with South-Facing Shoreline

4877 Island View Drive, Mound, MN 55364

$849,000

0.18 AC lot

Build-ready waterfront lot with 80 feet of south-facing shoreline and city sewer and water available.

Residential Land in Shorewood, MN

Residential Land in Shorewood, MN

25975 Wild Rose Lane, Excelsior, MN 55331

$550,000

1.23 AC lot

1.23 acre residential lot in Minnetonka School District.

Waterfront Land for Private Ski Lake

Waterfront Land for Private Ski Lake

826 Beach Ball Lane, New Germany, MN 55367

$55,000

1.00 AC lot

Residential waterfront lots on a private ski lake, offering an investment opportunity with future infrastructure upgrades required.

Off-Market Properties in Waconia, MN

Consider similar Off-Market properties in Waconia, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

APARTMENT HOUSE (5+ UNITS)

7 1st St, Waconia, MN 55387-1411

Value Estimation by Request

0.05 AC lot

APARTMENT HOUSE (5+ UNITS)

9 1st St, Waconia, MN 55387-1426

Value Estimation by Request

0.05 AC lot

APARTMENT HOUSE (5+ UNITS)

861 Vis Blvd, Waconia, MN 55387-3200

$575,000

Estimated value

2.68 AC lot

APARTMENT HOUSE (5+ UNITS)

27 10th W St, Waconia, MN 55387-2802

Value Estimation by Request

2,074 sqft 1.57 AC lot

601 Industrial Blvd

APARTMENT HOUSE (5+ UNITS)

601 Industrial Blvd, Waconia, MN 55387-5518

$505,000

Estimated value

10.72 AC lot

APARTMENT HOUSE (5+ UNITS)

587 Cherry Dr, Waconia, MN 55387-4578

Value Estimation by Request

1.00 AC lot

Waconia, MN Residential Income Properties Market Trends and Statistics

Explore 7 residential income properties for sale in Waconia, MN on our real estate platform. These investment opportunities span a total of 1,828 square feet of properties for sale, with an estimated market value of $299,000.

Sale prices for residential income properties in Waconia, MN start at $299,000, averaging $299,000, and reaching up to $299,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 15K

Population Growth (5Y) +10.1%

Median Household Income $109,279

College Educated 64.0%

Taxes & Financing

Tax Rate (average for all types) 1.78%

Property Tax per SF $17.53 per SF

Tax Rate vs County Average 0.44 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Carver County

New Delisted

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