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.
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!
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!
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.
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.