7920 Terrace Road NE, Spring Lake Park, MN 55432
- $350,000
- 4
- BD
- 2
- BA
- 1,728
- SqFt
- Sold Price
- $350,000
- List Price
- $350,000
- Closing Date
- Jun 12, 2026
- MLS#
- 7049215
- Status
- CLOSED
- Type
- Multifamily
- Style
- (MF) Duplex Side X Side
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 1,728
- Acres
- 0.36
- Subdivision
- Ferndale Add
- Year Built
- 1958
Property Description
Rare opportunity to own a side-by-side duplex with one side vacant for owner-occupancy and the other side leased month-to-month, offering immediate rental income. Each unit features 2 bedrooms, 1 bathroom, an attached garage stall, and access to a shared onsite laundry room conveniently located between the units. Situated on a spacious lot with large front and back yards, the property offers mature trees, plenty of shade, and ample on-street parking. Unit 7922 has seen recent cosmetic updates including new flooring, carpet, and freshly painted kitchen cabinets. This property presents a solid opportunity for investors looking to expand their portfolio or for an owner-occupant looking to offset their mortgage with rental income. Recent mechanical updates include a new furnace and water heater in 2024, along with a new laundry tub in 2025. Conveniently located near schools, parks, Mercy Hospital, public transportation, and several retail and shopping areas, this property offers easy access to everyday amenities for both tenants and future owners alike.
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Additional Information
- School District
- Spring Lake Park
- Tax Year
- 2026
- Fencing
- None
- Fuel
- Natural Gas
- Lot Description
- Tree Coverage - Light
- Sewer
- City Sewer/Connected
- Roof
- Age Over 8 Years, Asphalt
- Shared Rooms
- Other
- Heating
- Forced Air
- Water
- City Water/Connected
- Basement
- None
- Parking
- Attached Garage, Asphalt
- Garage Spaces
- 2
Mortgage Calculator
Listing courtesy of RE/MAX Results.
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