305-307 Reno Street, Wayzata, MN 55391 (MLS# 7152586)

305-307 Reno Street, Wayzata, MN 55391

New Listing
$799,900
Property Type: Multi-Family Bedrooms: 6 Baths: 4 Square Footage: 4,947 Lot Size (sq. ft.): 10,019 Status: Active
Current Price: $799,900 List Date: 9/30/2026 Last Modified: 10/03/2026

Overview

Description

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! Walk to the restaurants, beach, dock, etc. Great opportunity with an assumable 2.875% VA mortgage! 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 in this neighborhood with homes valued at $2M+

Listing Details MLS# 7152586

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
Yes
Waterfront YN
No
Year Built
1965
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
1701
Above Ground SqFt
3324
Below Grd Total SqFt
1623
Total SqFt
4947
Foundation Size
1701
Style
(MF) Duplex Side X Side
Total Finished Sqft
3246.00
Power Company
Xcel Energy
Garage Stalls
2
Lot Dimensions
76X130
Acres
0.23
Assessment Pending
No

Property Features

Accessible: None Amenities Shared: None Assumable Loan: Yes w/ Qualifying Basement: Concrete Block; Full; Storage Space Construction Status: Previously Owned Existing Financing: VA Exterior: Cedar Foundation: Concrete Block Fuel: Natural Gas Heating: Boiler Lot Description: Tree Coverage - Medium Parking Characteristics: Garage Door Opener Road Frontage: Cul De Sac; Paved Streets Roof: Age 8 Years or Less; Pitched Sellers Terms: Adj. Rate/Gr Payment; Assumable; Cash; Conventional; Conventional Rehab; FHA; FHA Rehab 203k; MHFA/WHEDA; VA Sewer: City Sewer/Connected Unit 1 Cooling: Window Unit 1 Dining Room Description: Kitchen/Dining Room Unit 1 Special Search: Renovated Unit 2 Cooling: Window Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
799900
ListPrice
799900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
305-307
Street Name
Reno
Street Suffix
Street
Postal City
Wayzata
County
Hennepin
State
MN
Zip Code
55391
Complex/Dev/Subdivision
New Wayzata

Assessments

Assessment Balance
879
Tax With Assessments
10234

Building Information

Finished SqFt Above Ground
1623
Finished SqFt Below Ground
1623

More Information

Income and Expenses

Annual Gross Income
30000

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
Yes

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
600

Public Survey Info

Range#
22
Section#
05
Township#
117

Unit 1

Furnished?
No
Leased?
No
Unit Number
Yes
3/4 Baths
Yes
Annual Rent
30000
Finished SqFt
1650
Full Baths
Yes
Monthly Rent
2500
No. of Units Like This
Yes
Total Baths
2
Total Bedrooms
3
Total Rooms
8

Unit 2

Furnished?
No
Leased?
Yes
Unit Number
2
3/4 Baths
Yes
Annual Rent
30000
Finished SqFt
1650
Full Baths
Yes
Monthly Rent
2500
No. of Units Like This
Yes
Total Baths
2
Total Bedrooms
3
Total Rooms
8

Unit Details

Total Units
2
IDX
Listing Office: Ferrell Real Estate Group Inc
Last Updated: October - 03 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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