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!
Pending
$750,000
16558 Franklin Trl SE, Prior Lake, MN 55372
11beds
4baths
4,160sqft
Est.:
Apartment
Built in 1978
-- sqft lot
$716,500 Zestimate®
$180/sqft
$-- HOA
What's special
Stained decksFresh exterior paintGuest parkingPaved parking lotAssigned spacesTwo decksUpdated kitchens
- 114 days
- on Zillow |
- 13 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: January 02, 2025 at 01:48pm
Listed by:
Mark A. Gores 612-201-5447,
RE/MAX Advantage Plus,
Jason Walgrave 612-419-9425
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6622444

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 4
Heating
- Forced Air
Appliances
- Laundry: Coin-op Laundry Owned
Features
- Basement: Daylight,Drain Tiled,Sump Pump
Interior area
- Total structure area: 4,160
- Total interior livable area: 4,160 sqft
- Finished area above ground: 2,080
- Finished area below ground: 2,080
Property
Parking
- Total spaces: 5
- Parking features: Assigned, Detached, Asphalt, Shared Driveway, Garage Door Opener, No Int Access to Dwelling
- Garage spaces: 5
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: One
- Fencing: Chain Link,Partial
Lot
- Size: 0.54 Acres
- Dimensions: 110 x 200 x 100 x 188
- Features: Corner Lot
Details
- Foundation area: 2080
- Parcel number: 251670020
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Fiber Cement
- Roof: Age Over 8 Years,Asphalt
Condition
- Age of Property: 47
- New construction: No
- Year built: 1978
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Bluff Hts
HOA
- Amenities included: Coin-op Laundry Owned
Location
- Region: Prior Lake
Financial & listing details
- Price per square foot: $180/sqft
- Tax assessed value: $568,200
- Annual tax amount: $6,928
- Date on market: 1/2/2025
- Tenant pays: Cable TV, Electricity, Fuel
- Road surface type: Paved
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