Let your journey begin! Seasoned and successful investors share this sage advice: Purchasing a duplex and living in one unit while renting the other is one of the most financially sound ways to begin your real estate investing career. Their next advice? Location, location, location. Only a small handful of duplexes go for sale each year in the wonderful and convenient suburb of Oakdale. Even fewer have three bedrooms in each unit. So, the trifecta sets before you: an affordable duplex, great location and three bedrooms per unit. While 6320 is slightly larger in terms of square footage (1,344 versus 1,232 total finished footage for unit 6318), the floor plans for each unit are, essentially, identical. Each unit has a separate entrance and also offers direct access to the attached garage. The main levels consist of a living room, dining room with patio door access to the backyard, kitchen, ¾ bath and laundry room with washer and dryer. 6320 also offers a wood burning fireplace in the living room. The upper levels each offer three bedrooms and a full bath. The backyards are substantial and allow plenty of room for outdoor activities. Unit 6318 also offers a garden and fire pit in the back yard. Unit 6320 includes a detached 12 foot by 16 foot garage with an overhead garage door and opener. There are motion activated security lights on both garages, new siding in 2020, central air, new roof 2022 and gutters in 2020, new windows on the front of the building and a huge new driveway in 2023, providing ample off-street parking. Less than 10 minutes to: Hwy 36 and 694, Gateway Trail, Oakdale Nature Preserve (Oakdale’s largest park with walking path and Discovery Center), Target, Caribou Coffee, CUB Foods, Hy-Vee.
Yes, it's late fall and there are many examples of real estate winding down for the year. Still, opportunity knows no seasons. For anyone reading this verbiage, you know how few duplexes come available, especially in great suburbs like Oakdale, in any given year (in 2023 that number was TWO). As an investor or owner occupant, are you ready? 6162/6166 Upper 51st Street is a great little pocket in northern Oakdale with super easy access to Highway 36 and I-694. Silver Lake in North St. Paul, the paved Gateway Trail/Brown's Creek Trail go all the way to downtown Stillwater. Multiple restaurant and shopping options are less than 10 minutes: all the things an owner or renter would place high on their “must have” list .Each unit offers 2 bedrooms, a full bathroom, living room, kitchen and patio door to access the backyard all on the upper or main level. The true opportunity here may, in fact, be the unfinished lower levels of both units. If you're the roll up your sleeves and get to work type of person, then adding two bedrooms a second bathroom and family room are well within your reach. And the large back yard: it appears there would be plenty of room to add a garage/garages in the backyard which would further increase the value both in terms of additional rental income and long-term appreciation. Please verify this option with the City of Oakdale if you might consider adding garages. The building is priced competitively and both tenants would like to stay.
Have you been in the market for your next investment property? Or have you thought about owning a home where you get paid to live there? This Oakdale duplex is for you! Located directly across the street from Tartan High School and just ½ mile to multiple grocery stores, restaurants and coffee shops with easy access to 694 & 94 you’ll see why this property is a great opportunity. The 889 (North) side of the property was recently vacated so the owners did many improvements before putting it on the market. Huge tree was cut down and removed from the back yard, all new flooring on all 3 levels, fresh paint, and replaced light fixtures. This side is ready to move in. The 887 (South) side has been wonderfully maintained by the current tenant who has been there for over 10 years! Both sides have fully fenced in backyards, attached 1 car garages and wide driveways for additional off street parking.
The median home value in Oakdale, MN is $357,500. This is lower than the county median home value of $399,400. The national median home value is $338,100. The average price of homes sold in Oakdale, MN is $357,500. Approximately 75.32% of Oakdale homes are owned, compared to 21.69% rented, while 2.99% are vacant. Oakdale real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Oakdale real estate agent to arrange a tour today!
Oakdale, Minnesota has a population of 28,019. Oakdale is less family-centric than the surrounding county with 25.91% of the households containing married families with children. The county average for households married with children is 36.3%.
The median household income in Oakdale, Minnesota is $78,586. The median household income for the surrounding county is $102,258 compared to the national median of $69,021. The median age of people living in Oakdale is 41.9 years.
The average high temperature in July is 82.4 degrees, with an average low temperature in January of 6.2 degrees. The average rainfall is approximately 33 inches per year, with 48.8 inches of snow per year.