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About this home
Location, Location, Location! This duplex is nestled in the heart of Wayzata Proper! Do not miss out on this gorgeous neighborhood within 2-5 minutes walking to everything downtown Wayzata has to offer! Perfect owner occupant property or finish updating for a turn key operation! Unit 305 has been fully renovated with new kitchen, baths, windows, refinished hardwoods! Unit 307 could use some minor project completions. Tandem garage offers 600 sq feet of parking and storage. Brand new top of the line roof with lifetime warranty. Truly a coveted lot. Newer water heaters, stainless steel appliances, quartz, spiral staircases. Each unit has its own laundry! Land value alone is supported neighborhood with homes valued at $2M+ Unit 207 rented below market value, month to month lease. Tenants pay for their utilities.
Multi-familyProperty Type
1965Year Built
10,018 sq ftLot Size
$239Price/Sq.Ft.
2 car garageParking
Listed by Stephanie Ferrell• Ferrell Real Estate Group Inc
Plymouth-Wayzata, located between Lake Minnetonka and Medicine Lake, is a lakeside and suburban Plymouth neighborhood with wooded shorelines and polished retail pockets. The neighborhood’s character concentrates around the Wayzata Boulevard–Lake Street corridor, where marina slips, sidewalk patios, and small storefronts set a lake-town cadence. Wayzata Bar & Grill, 6Smith, and the Wayzata Depot anchor local routines with dining, gathering, and a touch of rail history. Housing ranges from mid-century ramblers to newer builds on curving, tree-lined streets. Trails and parks stitch together water views and everyday errands. The pace feels outdoors-forward, with boats, bikes, and café tables sharing the same calendar.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Finished basement with storage space, daylight/lookout windows, and walkout access
Bedrooms
6 bedrooms total; 3 in each unit
Bathrooms
Each unit has 2 bathrooms: 1 full and 1 three-quarter
Heating & cooling
Boiler heating
Window cooling in each unit
Exterior features
Medium tree coverage
Cul-de-sac location with paved streets
Home design
Side-by-side duplex
Split-entry bi-level
Parking
Two-car garage
Garage door opener
Construction
Block foundation
Pitched roof, 8 years old or less
Utilities
City water
City sewer
Natural gas
Financial info
Two units
Gross income of $30,000
Owner pays insurance
Tenants pay all utilities
Electricity and solar
View estimated energy costs and solar savings for this home
Location, Location, Location! Do not miss out on this gorgeous location within 2-5 minutes walking to everything downtown Wayzata has to offer! Walk to the restaraunts, beach, dock, etc. This loved home is currently being used as a single family residence, but could be turn key as a sidexside as well! Do not miss the opportunity to live in or cash flow this Wayzata property. Great opportunity to make some money on rent while planning out your dream home on this coveted lot. Fresh paint and some other updates including water heaters, appliances, etc. Each unit has its own laundry! The value is in the land on this one and the duplex is a huge bonus!
Public Records
Nov 20, 1997
Sold
$150,000
$46/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$10,234 (+13.3%)
$785,000 + $10,200
$795,200
2025
$9,033 (−10.8%)
$493,500 + $297,400
$790,900
2024
$10,127 (+19.1%)
$493,500 + $298,700
$792,200
2023
$8,505 (+19.9%)
$431,000 + $286,000
$717,000
2022
$7,095 (+23.3%)
$282,000 + $245,000
$527,000
2021
$5,756 (+7.6%)
$247,000 + $240,000
$487,000
2020
$5,349 (−15.9%)
$211,000 + $225,000
$436,000
2019
$6,361 (+18.6%)
$211,000 + $229,000
$440,000
2018
$5,363 (+14.7%)
$211,000 + $217,000
$428,000
2017
$4,675 (+4.4%)
2015
$4,477 (+18.3%)
2014
$3,786 (+1.3%)
2013
$3,738 (−11.0%)
2012
$4,200
Public record
Beds
6
Baths
5
Stories
1
Lot width
—
Lot depth
130 ft.
Lot size
10,019 Sq. Ft.
Year renovated
1975
Finished Sq. Ft.
2,819
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,819
Year built
1965
Style
Other
County
Hennepin County
APN
05 117 22 33 0022
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 17, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 98° expected this year, 14 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Wayzata, MN • 55391
Average low and high temperatures (°F)
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5
29
13
48
28
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38
69
49
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60
84
67
78
63
75
58
62
46
44
31
28
14
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 305-307 Reno St
$772,038
$2,862 under list price of $775K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $595K to $995K.