Rare opportunity to own a duplex in the highly sought-after Minnetonka area! This turn-key property offers the perfect blend of investment potential and prime location. Situated on a large lot, it provides easy access to local amenities, shopping, and dining. Featuring 2 bedrooms and 2 bathrooms in each unit, a two stall garage and an added 400 finished square feet above the garage to rent out separately (estimated additional $500/mo). One unit currently leased at $1,900/mo. 2nd unit previously rented at $2,215/mo. Tons of quality updates including a new roof (2021), two new furnaces, AC unit, washer and dryer machines, and dishwasher all in 2023. Although this duplex is turn-key and ready to rent, it boasts the option to value-add with the ability to finish out basements and add egress windows, increasing finished square feet and rental income. Enjoy the advantage of rental income while living in one of Minnesota's most desirable suburbs.
Closed
$608,400
12928 Excelsior Blvd, Minnetonka, MN 55343
4beds
4baths
3,596sqft
Duplex Side by Side
Built in 1952
-- sqft lot
$594,500 Zestimate®
$169/sqft
$2,287 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 06, 2025 at 04:24am
Listed by:
Jamie Bolinger 507-837-9334,
Rize Realty
Bought with:
Jennifer Azure
Engel & Volkers Prior Lake
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6581341

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Forced Air
Features
- Basement: Block,Partially Finished
Interior area
- Total structure area: 3,596
- Total interior livable area: 3,596 sqft
- Finished area above ground: 2,010
- Finished area below ground: 619
Property
Parking
- Total spaces: 2
- Parking features: Detached, Gravel, Shared Driveway, Garage Door Opener
- Garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Grab Bars In Bathroom
Features
- Levels: One
- Patio & porch: Covered, Enclosed, Patio, Porch, Rear Porch, Screened
Lot
- Size: 0.33 Acres
- Dimensions: 86 x 196
- Features: Many Trees
Details
- Foundation area: 1494
- Additional parcels included: 2711722110028
- Parcel number: 2711722110029
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex Side by Side
Materials
- Brick/Stone, Wood Siding
- Roof: Age 8 Years or Less
Condition
- Age of Property: 73
- New construction: No
- Year built: 1952
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Minnetonka
- Subdivision: Registered Land Surv #184 Tr E
Services availability

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