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Rick Theisen
REALTOR®, ABR ,CRS,GRI,SFR
(612) 554-1862

1082 5th Street Se, Forest Lake, MN 55025

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Listed By

Agency Name: Engel & Volkers Minneapolis Downtown
Agency Phone: 612-338-3836

Shown By

Agent Name: Rick Theisen
Agent Phone: (612) 554-1862
Agency Title: Counselor Realty

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Property Description

Exceptional Investment Opportunity | Forest Lake Side-by-Side Duplex | 6 BD / 4 BADiscover the perfect blend of modern living and smart investing with this beautifully updated side-by-side duplex nestled in sought-after Forest Lake. Each thoughtfully designed unit offers a stylish split-level layout featuring three bedrooms and two bathrooms, delivering the space and comfort that today's renters and homeowners demand. The upper level of each unit is home to a serene primary bedroom retreat complete with a generous walk-in closet, while two additional bedrooms on the lower level provide flexible space for family, guests, or a home office. Both units are finished with a fresh, modern aesthetic that sets them apart from the competition ? think clean lines, updated finishes, and move-in ready appeal throughout. Convenient in-unit laundry rooms on the lower level of each unit add the everyday functionality that tenants love and that commands premium rents. Whether you're a savvy investor looking to maximize your portfolio with two income-producing units, or a buyer seeking the rare chance to live in one unit while your tenant's rent offsets your mortgage, this property delivers unmatched financial flexibility. Opportunities like this ? turnkey, updated, and ideally situated in one of the north metro's most desirable lake communities ? simply don't last long in today's market.

1082 5th Street Se | MLS# 7045525

This multi-family property located at 1082 5th Street Se, Forest Lake, MN 55025 is currently listed for sale with an asking price of $579,000. 5th Street Se is located within the Forest Lake school district. Search Forest Lake real estate on rtheisen.counselorrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Finished, Full
Basement: Yes
Garage: 4
Heating: Baseboard
Lot Size: 0.23 Acres
Roof Type: Age 8 Years or Less, Asphalt
Taxes: $5,758
Year Built: 1995

Feature Descriptions

Days on Site: 2
Exterior: Block, Frame
Foundation Size: 1848
Lot: Irregular Lot, Tree Coverage - Medium
Lot Dimensions: 69x140
Owners Expense: Sewer, Water
Parcel#: 0903221330127
Parking: Attached Garage, Concrete, Garage Door Opener
Road Frontage: City Street, Paved Streets
Sewer: City Sewer/Connected
Tenant Expenses: Electricity, Trash Collection
Units: 2
Water: City Water/Connected

Local Schools

School District: Forest Lake

Estimate Your Payment

Estimated Payment

$ 3,730.39 per month $3,081.68 Principal & Interest $479.83 Property Tax $168.88 Homeowner's Insurance

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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/17/2026. The listing information on this page last changed on 05/17/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 05/17/2026 12:00:01 AM EST) or RMLS-MN MLS (last updated Sat 05/16/2026 11:53:31 PM EST). Real estate listings held by brokerage firms other than Counselor Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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