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Minnetonka, MN Multifamily Homes & Duplexes for Sale

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  • 2528 Birchview Ln, Hopkins, MN 55305
    2528 Birchview Ln, Hopkins, MN 55305
    2528 Birchview Ln, Hopkins, MN 55305
    /41

    $350,000

    • 4 Beds
    • 2 Baths
    • 1,610 Sq Ft

    2528 Birchview Ln, Hopkins, MN 55305

    Discover the charm and convenience of this highly desirable Minnetonka home! Featuring four spacious bedrooms, two full bathrooms, an expansive kitchen, and finished basement, this property offers comfort and versatility for any lifestyle. Step out onto the deck, where serene mornings and peaceful evenings await, overlooking the quiet, tree-lined backyard. The peaceful surroundings create a

    Brian Leneweaver First Select

    2528 Birchview Ln, Hopkins, MN 55305
  • 12637 Sherwood Place, Hopkins, MN 55305
    12637 Sherwood Place, Hopkins, MN 55305
    12637 Sherwood Place, Hopkins, MN 55305
    /24

    $270,000

    • 2 Beds
    • 1.5 Baths
    • 2,240 Sq Ft

    12637 Sherwood Place, Hopkins, MN 55305

    This is one level living at its finest! Wonderful open floor plan. Living area has a newer built-in stone gas fireplace. Primary bedroom has walk in closet with built-in's. Private sink in primary suite. 3/4 bath has beautiful stone walk in shower. Large 2nd bedroom with tons of storage space. 1 stall attached garage leads straight into the kitchen with a ramp. Enjoy sitting on your private patio

    Emily Elsenpeter LPT Realty, LLC

    12637 Sherwood Place, Hopkins, MN 55305
  • 5130 Clear Spring Rd, Minnetonka, MN 55345
    5130 Clear Spring Rd, Minnetonka, MN 55345
    5130 Clear Spring Rd, Minnetonka, MN 55345
    /30

    $399,995

    • 4 Beds
    • 3 Baths
    • 2,105 Sq Ft

    5130 Clear Spring Rd, Minnetonka, MN 55345

    Welcome to this spacious 3-bedroom home with all bedrooms conveniently located on the main level. The open layout is ideal for everyday living, featuring a cozy wood-burning fireplace that adds warmth and charm. Step out onto the deck to enjoy peaceful views of the wooded backyard, a great spot to relax or entertain. The two-car garage provides plenty of storage, and the generous interior layout

    Steven Koleno Beycome Brokerage Realty LLC

    5130 Clear Spring Rd, Minnetonka, MN 55345
  • 2545 Cedar Hills Dr, Hopkins, MN 55305
    2545 Cedar Hills Dr, Hopkins, MN 55305
    2545 Cedar Hills Dr, Hopkins, MN 55305
    /21

    $359,500

    • 3 Beds
    • 2 Baths
    • 1,522 Sq Ft

    2545 Cedar Hills Dr, Hopkins, MN 55305

    Great opportunity to own an affordable 3 bedroom, 2 bathroom Twin Home in highly desirable Minnetonka location. Features Open floor plan, master suite with walk-in closet, maintenance free siding and decking. Kitchen with adjacent informal dining. Enjoy the outdoors with the Xlarge Deck off the dining room and fenced in yard. Walk-out lower level where you can curl up next to the fireplace.

    Tyana Pikalov Bridge Realty, LLC

    2545 Cedar Hills Dr, Hopkins, MN 55305
  • 445 Shelard Pkwy Unit 104, Saint Louis Park, MN 55426
    445 Shelard Pkwy Unit 104, Saint Louis Park, MN 55426
    445 Shelard Pkwy Unit 104, Saint Louis Park, MN 55426
    /20

    $210,000

    • 2 Beds
    • 1 Bath
    • 960 Sq Ft

    445 Shelard Pkwy Unit 104, Saint Louis Park, MN 55426

    This beautifully updated one-level condo is an end-unit with two sides of windows and great views of a park-like green space with mature trees. Features include a wood-burning fireplace, large private paved patio, in-unit laundry, and an updated kitchen with new cabinetry, dishwasher, range, fridge, and backsplash. Other updates include fresh paint, new luxury vinyl tile flooring, and dining

    Hannah Lane Verve Realty

    445 Shelard Pkwy Unit 104, Saint Louis Park, MN 55426
Minnesota Hennepin County Minnetonka

Multi-Family Homes & Duplexes for Sale in Minnetonka, MN

Why Live in Minnetonka

Lake Minnetonka shapes daily life in Minnetonka with 125 miles of shoreline perfect for boating, fishing, and waterfront recreation. The city maintains 49 parks and 81 miles of trails, including the scenic Dakota Rail Regional Trail and Purgatory Park's expansive wetlands. Cultural attractions range from the Minnetonka Center for the Arts to unique destinations like Big Stone Mini Golf and Sculpture Garden. The dining scene features upscale options like BLVD Kitchen & Bar, known for signature flatbreads in an urban loft setting, and Bacio, a family-owned Italian restaurant with stone arches and local artwork.

The Minnetonka housing market includes properties ranging from $167,000 to $2.2 million, with a median sale price of $497,000. Single-family homes in prestigious Sherwood Forest command a median price of $808,000, while more moderate options exist in Glen Lake with a median price of $482,000. Townhomes throughout the city have a median price of $355,000.

Property taxes in Minnetonka reflect Hennepin County's 1.15% effective rate, matching neighboring communities like Eden Prairie and Plymouth. Minnesota's state income tax rate is 6.80% for a yearly salary of $45,533, with a combined sales tax rate of 8.12%.

The Minnetonka Public School District includes highly rated institutions like Minnetonka Senior High School, which received an A+ rating from Niche. Private education options include The International School of Minnesota, also rated A+, serving the Forest Hills and Glen Lake areas. The city connects to Minneapolis via I-394 and Highway 7, with Metro Transit providing bus service throughout. Residents experience four distinct seasons, with warm summers reaching the 80s°F and snowy winters accumulating 54 inches annually.

Learn more about living in Minnetonka

Home Trends in Minnetonka, MN

On average, homes in Minnetonka, MN sell after 56 days on the market compared to the national average of 70 days. The median sale price for homes in Minnetonka, MN over the last 12 months is $190,000, up 3% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$190,000
Median Single Family Sale Price
$180,000
Average Price Per Sq Ft
$196
Number of Homes for Sale
9
Last 12 months Home Sales
94
Months of Supply
1.10
Median List Price
$180,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
3%
How to Buy a Home How to Finance a Home How to Sell a Home

In Minnetonka, there are currently 5 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $210,000 to $399,995, there's a range to accomodate every budget. As of August, 2025 the median home price in Minnetonka is $180,000, while the average sale price is $425,314, offering insights into the local housing market. On average, multi-family homes spend 56 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Minnetonka, MN.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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