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    Wayzata, MN
    Residential Income

    Wayzata, MN Residential Income Properties for Sale

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    Minnetonka, MN Orono, MN Plymouth, MN Long Lake, MN Excelsior, MN Corcoran, MN Medina, MN Hopkins, MN
    Duplex with Tandem Garage
    Updated: Sep 30
    Duplex with Tandem Garage

    305-307 Reno Street, Wayzata, MN 55391

    $799,900
    3,246 sqft 0.23 AC lot
    Two‑unit duplex with 3,246 square feet on a 0.23‑acre lot
    Unit 305 has a renovated kitchen and bathrooms, new windows, and refinished hardwood floors
    Unit 307 has project work remaining
    Tandem detached garage offers 600 square feet of parking and storage
    Each residence has its own laundry
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    Renovated Duplex with Tandem Garage
    Updated: Oct 1
    Renovated Duplex with Tandem Garage

    305-307 Reno Street, Wayzata, MN 55391

    $799,900
    3,246 sqft
    Two‑unit duplex built in 1965
    Unit 307 renovated with new kitchen, baths, windows, and refinished hardwood floors
    Unit 205 has remaining project work
    Tandem garage provides 600 square feet of parking and storage
    Each unit has its own laundry
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 Active listings in Wayzata, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 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 Patios
    Side-by-Side Duplex with Patios

    309 Washington Avenue S, Edina, MN 55343

    $499,900
    2,125 sqft 0.23 AC lot

    One-level duplex with hardwood floors, private outdoor areas, separate basements, and in-unit laundry.

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    Updated Side-by-Side Duplex
    Updated Side-by-Side Duplex

    309 Washington Ave S, Edina, MN 55343

    $499,900
    2,125 sqft

    One-level layout includes private patios and separate basements with laundry and storage.

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    Side-by-Side Duplex with Basements
    Side-by-Side Duplex with Basements

    508 Shadyside Cir, Hopkins, MN 55343

    $450,000
    2,548 sqft

    Two residential units feature three-bedroom layouts, two bathrooms, and unfinished basement space for additional flexibility.

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    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.

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    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.

    Residential Lot in Glen Lake
    Residential Lot in Glen Lake

    14705 Glendale Road, Minnetonka, MN 55345

    $289,900
    0.50 AC lot

    Vacant lot in Minnetonka's desirable Glen Lake area.

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    Waterfront Homesite with Lakeshore Access
    Waterfront Homesite with Lakeshore Access

    970 Pleasant View Road, Chanhassen, MN 55317

    $2,195,000
    1.25 AC lot

    Build a custom walkout home on a 1.25-acre lot with sandy shoreline and direct drive-to-lakeshore access.

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    Shorewood Acreage: Approved Development Plans
    Shorewood Acreage: Approved Development Plans

    24560 Smithtown Rd, Excelsior, MN 55331

    $499,900
    1.00 AC lot

    Prime Shorewood parcel with approved plans for six homes.

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    Wooded Lot Near Lake Minnetonka
    Wooded Lot Near Lake Minnetonka

    Park Drive, Orono, MN 55364

    $149,900
    0.46 AC lot

    Residential land near Lake Minnetonka and Highwood Park Nature Reserve.

    View details

    Off-Market Properties in Wayzata, MN

    Consider similar Off-Market properties in Wayzata, 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.

    Wayzata, MN Residential Income Properties Market Trends and Statistics

    Explore 3 residential income properties for sale in Wayzata, MN on our real estate platform. These investment opportunities span a total of 6,492 square feet of properties for sale, with an estimated market value of $1,599,800.

    Sale prices for residential income properties in Wayzata, MN average $799,900 — 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

    Duplexes 2
    Multifamily properties 2

    Demographics Overview

    Population 15K
    Population Growth (5Y) -5.2%
    Median Household Income $170,115
    College Educated 97.9%

    High-Yield Neighborhoods for Investment

    Identify Wayzata submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    55391 $799.9K

    Taxes & Financing

    Tax Rate (average for all types) 2.71%
    Property Tax per SF $36.81 per SF
    Tax Rate vs County Average 0.31 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Hennepin County

    New Delisted

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