7920 Terrace Rd NE

2
Baths
1,728 Sq. Ft.
$203 / Sq. Ft.
1,728
Sq. Ft.
$203
per Sq. Ft.

Description

Rare opportunity to own a side-by-side duplex with one side vacant for owner-occupancy and the other side leased month-to-month, offering immediate rental income. Each unit features 2 bedrooms, 1 bathroom, an attached garage stall, and access to a shared onsite laundry room conveniently located between the units. Situated on a spacious lot with large front and back yards, the property offers mature trees, plenty of shade, and ample on-street parking. Unit 7922 has seen recent cosmetic updates including...Rare opportunity to own a side-by-side duplex with one side vacant for owner-occupancy and the other side leased month-to-month, offering immediate rental income. Each unit features 2 bedrooms, 1 bathroom, an attached garage stall, and access to a shared onsite laundry room conveniently located between the units. Situated on a spacious lot with large front and back yards, the property offers mature trees, plenty of shade, and ample on-street parking. Unit 7922 has seen recent cosmetic updates including new flooring, carpet, and freshly painted kitchen cabinets. This property presents a solid opportunity for investors looking to expand their portfolio or for an owner-occupant looking to offset their mortgage with rental income. Recent mechanical updates include a new furnace and water heater in 2024, along with a new laundry tub in 2025. Conveniently located near schools, parks, Mercy Hospital, public transportation, and several retail and shopping areas, this property offers easy access to everyday amenities for both tenants and future owners alike.
  1. Listed by RE/MAX Results
  2. Listed by RE/MAX Results

Property Details for 7920 Terrace Road Northeast

Subdivision Name
Ferndale Add
Zoning Jurisdiction
Residential-Multi-Family
LISTING UPDATED: 04/10/2026 05:05 AM

Property Details for 7920 Terrace Road Northeast

StatusActive
MLS #7049215
Days on Compass2
Taxes$4,539 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Duplex Side by Side
Year Built1958
Lot Size0.36 AC / 15,681 SF
CountyAnoka County

Location

Listing Courtesy of RE/MAX Results
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Building Information for 7920 Terrace Road Northeast

Stories-Residences2Year Built1958Building Size-Lot Size0.36 AC / 15,681 SF

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$2,141 per month

30 year fixed, 6.46% Interest

Principal and Interest

$1,762

Property Taxes

$378

HOA Dues

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Property Information for 7920 Terrace Road Northeast

Summary
Location and General Information
  • City Name: Spring Lake Park
  • County Or Parish: Anoka
  • County: Anoka-MN
  • Directions: Hwy 65 to Osborne Rd, West to Terrace, North to property
  • Latitude: 45.112402
  • Longitude: -93.258989
  • Map Coordinate: 78-D2
  • City and Location: Spring Lake Park
  • City and Location Text: Spring Lake Park(MN)
  • Postal Code: 55432
  • State Or Province: MN
  • Public Survey Township: 30
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 023024310022
  • Tax Annual Amount: $4,538.84
  • Tax Legal Description: THE S1/2 OF LOT 3 BLK 2 FERNDALE ADD, TOG/W ALL OF LOT 4 SD BLK 2, SUBJ TO EASE OF REC
  • Tax Other Annual Assessment Amount: $48.04
  • Tax Year: 2026
  • Tax With Assessments: 4586.88
School Information
  • High School District: 844 - Spring Lake Park
  • School District Number: 844
  • School District Phone: 7637865570
Property
Lot Information
  • Above Grade Fin SQFT: 1728.0
  • Below Grade Fin SQFT: 0.0
  • SQFT Total: 1728.0
  • Living Area Units: Square Feet
  • Lot Features: Tree Coverage - Light
  • Lot Size Area: 0.36
  • Lot Size Dimensions: 120x129
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Sub Type: Duplex Side by Side
  • Property Type: Residential Income
  • SQFT Main Total: 1728
  • Building Area Total: 1728.0
  • Above Grade SqFt Total: 1728
  • Below Grade SqFt Total: 0
Utilities
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: No Stairs Internal
  • Fencing: None
  • Foundation Area: 1728.0
  • Fuel: Natural Gas
  • Road Frontage Type: City Street
  • Road Responsibility: Public Maintained Road
  • Roof: Age Over 8 Years, Asphalt
Interior Features
  • Basement Type: None
  • Bathrooms Total Count: 2
  • Bedrooms Total: 4
  • DP Resource: Yes
  • Garage Square Feet: 351
  • Heating: Forced Air
  • Levels: One
  • Number of Refrigerator: One Per Unit
  • Shared Rooms: Other
  • Basement YN: No
Multi Family
Unit 1
  • Unit Bath Full: 1
  • Unit Rooms Total: 5
  • Unit SqFt: 864
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Units Total: 1
  • Unit Is Leased: N
  • Unit Type Total Rent: 1575
Unit 2
  • Unit Bath Description: Main Floor Full Bath
  • Unit Bath Full: 1
  • Unit Cool System: Wall
  • Unit Rooms Total: 5
  • Unit SqFt: 864
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Units Total: 1
  • Unit Is Leased: Y
  • Unit Type Total Rent: 1750

Property History for 7920 Terrace Road Northeast

DateEvent & SourcePriceAppreciation
Apr 9, 2026

Price Change

NorthStar #7049215

$350,000—
Apr 9, 2026

Listed (Active)

NorthStar #7049215

—
Nov 20, 2020

Sold (Public Record)

Public Record #685558200

$252,000

+7.9% / yr

Nov 20, 2020

Sold

NorthStar #5641852

$252,000—
Oct 20, 2020

Pending

NorthStar #5641852

—
Aug 14, 2020

Listed (Active)

NorthStar #5641852

$350,000—
Jun 1, 2017

Sold (Public Record)

Public Record #608963544

$193,752—
Jun 1, 2017

Off Market

NorthStar #4805116

—
May 31, 2017

Sold

NorthStar #4805116

$193,750—
May 31, 2017

Off Market

NorthStar #4805116

—
May 31, 2017

Pending

NorthStar #4805116

—
Mar 16, 2017

Listed (Active)

NorthStar #4805116

$220,000—
Oct 29, 2013

Off Market

Lake Superior Area REALTORS #2085691

$179,900—
Aug 16, 2013

Listed (Active)

Lake Superior Area REALTORS #2085691

$199,900—
DateEvent & SourcePrice
04/09/2026

Price Change

NorthStar #7049215

$350,000
04/09/2026

Listed (Active)

NorthStar #7049215

—
11/20/2020

Sold (Public Record)

Public Record #685558200

$252,000

+7.9% / yr

11/20/2020

Sold

NorthStar #5641852

$252,000
10/20/2020

Pending

NorthStar #5641852

—
08/14/2020

Listed (Active)

NorthStar #5641852

$350,000
06/01/2017

Sold (Public Record)

Public Record #608963544

$193,752
06/01/2017

Off Market

NorthStar #4805116

—
05/31/2017

Sold

NorthStar #4805116

$193,750
05/31/2017

Off Market

NorthStar #4805116

—
05/31/2017

Pending

NorthStar #4805116

—
03/16/2017

Listed (Active)

NorthStar #4805116

$220,000
10/29/2013

Off Market

Lake Superior Area REALTORS #2085691

$179,900
08/16/2013

Listed (Active)

Lake Superior Area REALTORS #2085691

$199,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7920 Terrace Road Northeast

Taxable ValueLand$85,100Additions$235,600Total$320,700
Tax Record2025$4,329 ($361 / month)
Home Facts
Beds4Total Finished SqFt1,536 SqFtAbove Grade Finished SqFt1,536 SqFtStories1Lot Size15,480 SqFtStyleSingle Family ResidenceYear Built1958Year Renovated1989CountyANOKAAPN02-30-24-31-0022

Schools near 7920 Terrace Road Northeast

This home is within Spring Lake Park Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Park Terrace Elementary School
PublicPK to 4

Westwood Middle School
Public5 to 8

Spring Lake Park Senior High School
Public9 to 12

SLP Schools Online Elementary
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

7920 Terrace Road Northeast is a multi-family home for sale in Spring Lake Park, MN 55432. This property was listed for sale on April 9, 2026 by RE/MAX Results, it's currently listed at $350,000. It has been on the market for a total of 2 days and was last sold on November 20, 2020. This listing's school district is Spring Lake Park Public Schools. Nearby schools include Park Terrace Elementary School, Westwood Middle School and Spring Lake Park Senior High School. 7920 Terrace Road Northeast is a 4-bed, 2-bath, 1,728 sqft multi-family home built in 1958.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Results

Based on information submitted to the MLS GRID as of 04/10/2026 05:05 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.