$229,000
$20K PRICE DROP

408 Atlantic Ave Waverly, MN 55390

Estimated payment $1,339/month

Total Views 1,327
2 Beds
2 Baths
1,501 Sq Ft
$153 Price per Sq Ft

About This Home

Up / Down duplex in Waverly offering strong rental history and owner-occupant potential. Each unit features a 1 bed, 1 bath unit. New maintenance free siding and windows installed this spring. The lower unit is currently leased at $975/month on a 1-year lease. The upper unit was previously rented for $975/month and is currently vacant, allowing flexibility for an owner-occupant or the ability to place a new tenant at market rent. Great opportunity to own a cash-flowing property with upside in rents and minimal capital improvement needs. Convenient location with easy access to surrounding communities. Financials are included in the supplements.

Listing Agent

Trent Thies

Lifecycle Real Estate Services Listed on: 04/03/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,598

Year Built

  • Built in 1900

Home Design

  • Duplex
  • Shake Siding

Interior Spaces

  • 1,501 Sq Ft Home
  • 2-Story Property
  • Basement
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Utilities

  • Baseboard Heating

Community Details

  • 2 Units
  • Original Waverly Subdivision

Listing and Financial Details

  • Assessor Parcel Number 116010019070

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,598

Year Built

Built in 1900

Lot Details

3,485 Sq Ft Lot

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Outside Features: Shakes
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 1501
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space
  • Living Area: 1501
  • Basement YN: Yes

Beds/Baths

  • Total Bedrooms: 2

Exterior Features

  • Foundation Details: Block, Stone

Utilities

  • Heating: Baseboard
  • Sewer: City Sewer/Connected
  • Fuel: Electric

Schools

  • Junior High Dist: Howard Lake-Waverly-Winsted
  • SchoolDistrictPhone: 3205433521

Lot Info

  • Lot Size: 2614
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Units Total: 2

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 116010019070
  • Tax Annual Amount: 1598
  • TaxWithAssessments: 1598

Multi Family

  • TenantPays: Electricity

Map

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Property History

Date Event Price List to Sale Price per Sq Ft
04/21/2026 04/21/26 Price Changed $229,000 -8.0% $153 / Sq Ft
04/09/2026 04/09/26 For Sale $249,000 -- $166 / Sq Ft
Source: NorthstarMLS

Source: NorthstarMLS

MLS Number: 7048946

NorthstarMLS
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