USAMNWaconiaVolkenants 3Rd Add340 S Olive St
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New
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$299,000

For Sale

12 hours ago

340 S Olive St, Waconia, MN

House

MLS® 7109091

4 Bed

3 Bath

1828 sqft

1 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size 1828 sqft
Garage Yes
Taxes $4,252
Days Active 0
Lot Size 0.246 Acres
Approx. Age 1924
Avg. Price Per Sqft $163
MLS® Number 7109091

Property Address: 340 S Olive St, Waconia, MN, 55387-1807

Average square foot calculated using Size range provided by listing agent.

Description

Turnkey Duplex Steps from Downtown Waconia! Welcome to 340 Olive St, a beautifully updated two-unit property just blocks from Waconia's charming downtown — shops, restaurants, Lake Waconia, and community events all within easy walking distance. This is a rare opportunity to own a fully renovated multifamily home with immediate cash flow and flexibility for an owner-occupant or investor. The main-level unit is a spacious 2BR/2BA currently leased at $1, 793/month total (rent + utilities/pet fees), generating reliable income from day one. Recent upgrades include fresh paint, new trim, updated bathroom with new flooring and vanity, electric radiant heaters, a converted den now used as a bath, an added bedroom, new sub-panel, spray foam insulation, a full re-pipe to PEX, new LVP flooring throughout the kitchen and entry, a new water softener, and more — nearly every major system and finish has been touched since 2023. The upper unit (340 ½) just became available, offering a fantastic opportunity to set market rent or move in yourself. This unit has refinished hardwood floors, quartz kitchen countertops, all-new stainless appliances, an updated kitchen sink and disposal, new LVP flooring and a newer flat roof membrane. Landlord-paid water and gas average just $150/month, keeping expenses predictable. Don't miss the Open House Thursday, 7/17 from 5–7 PM. Properties like this, with this level of care and updates in this location, don't last long.
MLS® Number7109091
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1924
BasementBlock, Unfinished
DrivewayDetached Garage, Gravel, Paved Lot
Garage Spaces
HeatForced Air
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 16, 2026List Date
$299,000List Price
  • Commute

Commute

Starting Address
Destination Address
340 S Olive St, Waconia, MN

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