340 S Olive Street, Waconia, MN 55387

Waconia
Local realty services provided by:Better Homes and Gardens Real Estate First Choice
340 S Olive Street,Waconia, MN 55387
$299,000
  • 4 Beds
  • 3 Baths
  • 1,828 sq. ft.
  • Multi-family
  • Active
Listed by: andrew fischer, ap group, andrew polski
Office: re/max advantage plus
MLS#:7109091
Source:NSMLS

Price summary

  • Price:$299,000
  • Price per sq. ft.:$98.75

About this home

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...

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Home facts

  • Year built:1924
  • Listing ID #:7109091
  • Added:12 day(s) ago
  • Updated:July 26, 2026 at 12:14 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:3
  • Basement:Yes
  • Basement Description:Block, Unfinished
  • Living area:1,828 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Asphalt
  • Year built:1924
  • Building area:1,828 sq. ft.
  • Lot area:0.25 Acres
  • Levels:2 Story

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$299,000
  • Price per sq. ft.:$98.75
  • Tax amount:$4,252 (2026)

Parking

  • Parking description:Detached Garage, Gravel
  • Garage:Yes
  • Garage spaces:1
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