3829 Lake Drive AVE N, Robbinsdale, MN 55422
3829 Lake Drive AVE N, Robbinsdale, MN 55422
3829 Lake Drive AVE N, Robbinsdale, MN 55422
3829 Lake Drive AVE N, Robbinsdale, MN 55422
3829 Lake Drive AVE N, Robbinsdale, MN 55422
3829 Lake Drive AVE N, Robbinsdale, MN 55422
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Paul Erickson

Paul Erickson

+1(507) 430-2343
$ 420,000
Est. payment | /mo

6 Beds

2 Baths

2,766 SqFt

Save
$ 420,000
Est. payment | /mo
Save

6 Beds

2 Baths

2,766 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex Up and Down

Listing Status Active

Purchase Type For Sale

Square Footage 2,766 sqft

Price per Sqft $151

Subdivision Robbin Terrace Add

MLS Listing ID 7054532

Bedrooms 6

Year Built 1964

Annual Tax Amount $7,293

Tax Year 2025

Contingent None

Lot Dimensions 60x151

Property Sub-Type Duplex Up and Down

Property Description

High-performing, fully occupied duplex with strong in-place income and minimal landlord expense. This cash-flowing asset features a 3-bedroom, 1-bath upper unit and a 4-bedroom, 1-bath lower unit, a rare bedroom count that supports strong rental demand. The upper unit has recently been upgraded with a new kitchen, refinished floors, and fresh paint, positioning it well for continued rent strength and reduced near-term capital needs. The lower 4-bedroom unit is occupied by a long-term tenant, adding stability to the rent roll. City would consider converting this to a triplex for owner additional value add by turning the basement space, currently part of the 4-bedroom unit, to a third 1-bedroom unit.

This is an investor-friendly setup with gas, electric, and water all separately metered, keeping utility responsibility on the tenants and helping protect operating margins. The property also offers a quiet wooded backyard, a feature that adds tenant appeal beyond the typical duplex offering. Convenient location near bus stops, major highway access, and downtown Robbinsdale makes it attractive for commuters and supports long-term occupancy.

Ideal for investors seeking a stabilized asset with solid unit mix, tenant-paid utilities, recent improvements, and strong rental fundamentals in a desirable first-ring suburb location.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Rooms

Basement Daylight/Lookout Windows, Egress Window(s), Finished, Full

Interior

Heating Hot Water

Fireplace No

Exterior

Parking Features Asphalt

Roof Type Asphalt

Building

Lot Description Tree Coverage - Light

Story Two

Foundation 1008

Sewer City Sewer/Connected

Water City Water - In Street

Level or Stories Two

New Construction false

Schools

School District Robbinsdale

Listed by Derek Dittmer • Meta Realty

Schools and Properties Nearby

Paul Erickson

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(507) 430-2343

paul@erickson.realestate

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3829 Lake Drive AVE N