Prior Lake MN Multi Family for Sale

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Type:
Duplex
Sq.Ft.:
3,092
Status:
Active
Beds:
n/a
Lot size:
1 Acres
Year built:
1998
Baths:
MLS#:
6628072

ADDITIONAL INFORMATION

Exceptional investment opportunity or perfect for multi-generational living in Prior Lake! This versatile up-and-down duplex offers 3 bedrooms in each unit, creating ample space and privacy. The upper unit features 1.5 baths, a private laundry, and a charming four-season porch. The lower unit is accessible for wheelchairs or walkers and includes a cozy gas fireplace and an oversized laundry/utility room. With a shared garage and extra outdoor parking, it's ideal for multiple residents, whether tenants or other occupants. Conveniently located within walking distance to schools and downtown Prior Lake, this property combines comfort with potential for steady rental income and adaptable living arrangements.

Type:
Apartment
Sq.Ft.:
4,160
Status:
Active
Beds:
n/a
Lot size:
1 Acres
Year built:
1978
Baths:
MLS#:
6622444
Subdivision:
Bluff Hts

ADDITIONAL INFORMATION

Impeccably maintained 4-plex! Seller prefers to sell with twin building at 16578 Franklin Trail, offering a unique opportunity to acquire two well-kept investment properties as a package. Each building has three 3-bedroom units, one 2-bedroom unit, and a paved parking lot with five garage stalls, assigned spaces, and guest parking. Recent updates include half the units with updated kitchens and baths, fresh exterior paint, stained decks, and sealed/numbered driveways. Added perks: coin-op laundry, two decks, two patios, and a 2012 roof replacement. Long-term tenants and below-market rents (see supplement) present strong upside potential. Don’t miss this chance for a high-quality, low-maintenance investment!

Type:
Apartment
Sq.Ft.:
4,160
Status:
Active
Beds:
n/a
Year built:
1978
Baths:
MLS#:
6622443
Subdivision:
Bluff Hts

ADDITIONAL INFORMATION

Impeccably maintained 4-plex! Seller prefers to sell with twin building at 16558 Franklin Trail, offering a unique opportunity to acquire two well-kept investment properties as a package. Each building has three 3-bedroom units, one 2-bedroom unit, and a paved parking lot with five garage stalls, assigned spaces, and guest parking. Recent updates include half the units with updated kitchens and baths, fresh exterior paint, stained decks, and sealed/numbered driveways. Added perks: coin-op laundry, two decks, two patios, and a 2012 roof replacement. Long-term tenants and below-market rents (see supplement) present strong upside potential. Don’t miss this chance for a high-quality, low-maintenance investment!

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Andrea D. Conner, License # 40471694,Xome Inc., License 40368414, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067


Xome Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Xome Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Open House information is subject to change without notice. The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers. Copyright 2024, Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.




Prior Lake Real Estate

The median home value in Prior Lake, MN is $490,000. This is higher than the county median home value of $415,800. The national median home value is $338,100. The average price of homes sold in Prior Lake, MN is $490,000. Approximately 83.67% of Prior Lake homes are owned, compared to 13.62% rented, while 2.72% are vacant. Prior Lake 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 Prior Lake real estate agent to arrange a tour today!

Prior Lake, Minnesota has a population of 27,242. Prior Lake is more family-centric than the surrounding county with 45.87% of the households containing married families with children. The county average for households married with children is 42.09%.

The median household income in Prior Lake, Minnesota is $115,837. The median household income for the surrounding county is $109,031 compared to the national median of $69,021. The median age of people living in Prior Lake is 39.6 years.

Prior Lake Weather

The average high temperature in July is 82.1 degrees, with an average low temperature in January of 5.5 degrees. The average rainfall is approximately 31 inches per year, with 45.8 inches of snow per year.

Prior Lake Real Estate Market Conditions

  • Median sales price

    $490,000
    11% change since last quarter
  • # Active listings

    102
    30-day change

Prior Lake Schools and Demographics

Education near Prior Lake, MN

Metric City County
High School Graduates 97.4 94.93
College Degree - 2 year 13.33 13.09
College Degree - 4 year 50.34 42.27
Graduate Degree 10.18 9.52
Expenditures per Student 16,898 16,898
Students per Teacher 18.2 18.2

Elementary Schools near Prior Lake, MN

School Grades Students P/T Ratio ZIP
Aspen Academy KG - 08 539 13.5 55372
Cherry View Elementary School KG - 05 532 17.9 55044
Eagle Creek Elementary School KG - 05 811 15 55379
Eagle View School KG - 05 513 16.3 55020
Eastview Elementary School KG - 05 631 19.2 55044
Edgewood Elementary PK - KG 156 8.7 55372
Five Hawks Elementary School KG - 05 573 17.8 55372
Glendale Elementary School KG - 05 579 17.8 55378
Grainwood Elementary School KG - 05 335 13.2 55372
Harriet Bishop Elementary School KG - 06 632 16.2 55378
Hidden Valley Elementary School KG - 06 571 12.3 55378
Huddleston Elementary School KG - 05 483 15.3 55044
Jackson Elementary KG - 05 827 16.4 55379
Jeffers Pond Elementary School KG - 05 517 19.1 55372
Kennedy Elementary School KG - 05 601 17.2 55044
Lake Marion Elementary School KG - 05 535 18.2 55044
Lakeview Elementary School KG - 05 593 16.9 55044
M.W. Savage Elementary KG - 06 475 13.1 55378
Oak Hills Elementary School KG - 05 610 16.1 55044
Orchard Lake Elementary School KG - 05 452 17.1 55044
Red Oak Elementary School KG - 05 695 13.9 55379
Redtail Ridge Elementary School KG - 05 652 17.5 55378
Sun Path Elementary School KG - 05 732 15.7 55379
Sweeney Elementary School KG - 05 682 15.5 55379
Westwood Elementary School KG - 05 566 18.1 55372

Middle Schools near Prior Lake, MN

School Grades Students P/T Ratio ZIP
Century Middle School 06 - 08 890 22.3 55044
Eagle Ridge Junior High School 07 - 09 677 17 55378
Hidden Oaks Middle School 06 - 08 916 20 55372
Kenwood Trail Middle School 06 - 08 688 18.5 55044
McGuire Middle School 06 - 08 933 20.8 55044
Pearson Sixth Grade Center 06 - 06 623 17.5 55379
Shakopee Junior High East 07 - 09 800 17.2 55379
Shakopee Junior High West 07 - 09 966 16.5 55379
Twin Oaks Middle School 06 - 08 861 19 55372

High Schools near Prior Lake, MN

School Grades Students P/T Ratio ZIP
Lakeville North High School 09 - 12 1,813 24.1 55044
Lakeville South High School 07 - 12 1,860 23.1 55044
Prior Lake High School 09 - 12 2,457 22.3 55378
Shakopee Senior High School 10 - 12 1,577 18.3 55379

Ungraded Schools near Prior Lake, MN

School Grades Students P/T Ratio ZIP
* Prior Lake-Savage Area ALC 09 - 12 92 23 55372
* Shakopee SR ALC 09 - 12 87 15 55379
* Swmetro ALC 09 - 12 73 28.3 55379
* Swmetro Online Learning 07 - 12 4 6.7 55379
* Swmetro Seat Based 07 - 12 2 3.9 55379
Central Family Center PK - 12 113 3.9 55379
Lakeville Area Learning Center 06 - 12 121 9.2 55044
Lakeville Early Childhood Program PK - PK 139 10.2 55044
Link12 Lakeville KG - 12 34 8.9 55044
Special Services PK - 08 135 55379
Swmetro - Chaska Special Ed Center KG - 12 35 55379
Swmetro CCJ 06 - 12 2 2 55379
Swmetro Day Treatment 06 - 12 9 55379
Swmetro JAF 06 - 12 10 5 55379
Swmetro River Valley Ed Center KG - 12 57 55379
Swmetro Shakopee Spec. Ed KG - 12 33 55379

Demographics near Prior Lake, MN

Metric City County
Neighborhood Type Suburban
Population 27,242 149,568
Population Density 1,713 420
Median Age 39.6 37
People per Household 2.7 2.8
Median Household Income 115,837 109,031
Average Income per Capita 56,789 47,334