340 S Olive Street, Waconia, MN 55387

Waconia
Local realty services provided by:ERA Viking Realty
340 S Olive Street,Waconia, MN 55387
$315,000
  • 4 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: andrew fischer, ap group, andrew polski
Office: re/max advantage plus
MLS#:7109091
Source:NSMLS

Sorry, we are unable to map this address


Price summary

  • Price:$315,000

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...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1924
  • Subdivision & Development:Volkenants 3rd Add
  • Listing ID #:7109091
  • Added:50 day(s) ago
  • Updated:September 02, 2026 at 04:43 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:3
  • Basement:Yes
  • Basement Description:Block, Unfinished

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Asphalt
  • Year built:1924
  • Levels:2 Story

Utilities

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

Finances and disclosures

  • Price:$315,000
  • Tax amount:$4,252 (2026)

Parking

  • Parking description:Detached Garage, Gravel
  • Garage:Yes
  • Garage spaces:1
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is 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.

New listings near 340 S Olive Street