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Back 340 S Olive St
Off Market

340 S Olive St

Waconia MN 55387

4
3
1
3028 sq. ft.
0.25 ac.
Duplex
Last sold for $315,000
Andrew FischerAndrew Fischer, last sold this property on 28 July 2026 after 12 days on market.

Overview

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, 7/16 from 5–7 PM. Properties like this, with this level of care and updates in this location, don't last long.

Features

4 bedrooms
3 bathrooms
1 carspace
1 garage space
3028 sq. ft. floor area
0.25 ac. lot size
Duplex

Estimated Value

We need at least 3 similar 4 bedroom duplexes sold in Waconia over the last 12 months.

Property history for 340 S Olive St

2026
Sold
$315,000
28 Jul 2026 by Andrew Fischer, of REMAX Advantage Plus | Excelsior
2022
Sold
$305,000
22 Jul 2022 by Steven Battis, of Keller Williams Realty Integrity-Edina
2017
Sold
$195,000
15 Mar 2017 by Kevin Butcher, of Edina Realty, Inc.

Happy sellers in Waconia

80%
80% of sellers in Waconia reported that their sale price either exceeded or met their price expectations.

Waconia stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Waconia over the last 12 months.

Local market activity for 4 bedroom duplexes in Waconia

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Waconia

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Raymond Quist

Raymond Quist is an award winning recommended agent for Waconia.  They have 2 local sales and collected 2 local reviews across the last 12 months.

  •   5   (57 reviews)
  •  2 Reviews in Waconia
  •  2 Sales in Waconia
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Randa Hahn

Randa Hahn is a recommended agent for Waconia.  They have 3 local sales and collected 1 local review across the last 12 months.

  •   5   (4 reviews)
  •  1 Review in Waconia
  •  3 Sales in Waconia
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Catherine Seck

Catherine Seck is a recommended agent for Waconia.  They have 17 local sales across the last 12 months.

  •   5   (1 review)
  •  17 Sales in Waconia
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Sally Scrimgeour

Sally Scrimgeour is a recommended agent for Waconia.  They have 9 local sales across the last 12 months.

  •   4   (1 review)
  •  9 Sales in Waconia
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