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For Sale:  Winsted MLS# 7003476

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Active NEW!
$299,900
/mo Edit
Multi-family:  Duplex Up and Down
5 br • 2 ba • Built 1950
2,150 sqft • 0.216 acres
Howard Lake-Waverly-Winst schools
MLS# 7003476
763-576-8286
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    Property Description

    Investor and owner-occupant opportunity in the heart of Winsted. This well-maintained duplex offers strong rental income with added flexibility for future owner occupancy. The upper unit will be vacant July 1st, making it ideal for a primary residence or house-hack setup, while the lower unit is already leased through 3/31/2027 at $1, 300/month, providing immediate long-term cash flow. The upper unit previously rented for $1, 545/month, demonstrating solid market rent potential. Located in a quiet, established neighborhood within walking distance to downtown Winsted, local parks, restaurants, a coffee shop, and nearby Winsted Lake, this property offers both convenience and small-town charm. Enjoy a peaceful setting while still being close to everyday amenities and outdoor recreation. Agent is owner.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $299,900
    Price per sq ft: $139
    Property Type: Multi-family
    City: Winsted
    Garage Spaces: 2
    County: McLeod
    Year Built: 1950
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55395
    Subdivision Name: Barretts 3rd Add

    Interior

    Bedrooms: 5
    Bathrooms: 2
    Finished Area: 2,150 ft2
    Living Area: 2,150 ft2
    Basement Details:
    • Concrete
    • Daylight/Lookout Windows
    • Drain Tiled
    • Drainage System
    • Finished
    • Single Tenant Access
    • Sump Pump
    • Walkout

    Exterior

    Stories: One
    Garage Spaces: 2
    Garage Dimensions: 25x31
    Garage Size: 775 ft2
    Garage Door Height: 7
    Garage Door Width: 9
    Foundation Size: 907 ft2
    Handicap Accessible: None
    Heating System: Boiler
    Parking Features:
    • Detached Garage
    • Gravel

    Lot & Land

    Acres: 0.216
    Geolocation: 44.961235, -94.048688
    Lot Dimensions: 60 x 157
    Zoning: Residential-Multi-Family

    Schools

    School District: 2687
    District Phone: 3205433521

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: $1,300
    Annual Insurance Expense: $2,160
    Annual Maintenance Expense: None
    Annual Trash Expense: $259
    Annual Water/Sewer Expense: $1,600
    Tenant Expenses: Broadband, Cable TV, Electricity, Lawn Care, Snow Removal

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $2,694
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $2,694

    Income

    Annual Gross Income: $34,080

    Rent

    Annual Net Income: $10,760

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of eXp Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.