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$550,000
Active
657 (and 655) MINNESOTA AVENUE
WINTER PARK, FL 32789 — WINTER PARK
4 Beds
2 Baths
1,548 sqft
0.16 acres
Built 1965
About This Property
A RARE WINTER PARK OPPORTUNITY—FIRST TIME OFFERED FOR SALE SINCE THE 1980s! Whether you are an INVESTOR looking to add a multi-family property to your portfolio, an INTELLIGENT BUYER dreaming of living in one unit while collecting rental income from the other, or someone with a BIGGER VISION for the future, 655 & 657 Minnesota Ave offer plenty of possibilities! Built in 1965 and situated on a 7,000 SQ FT LOT zoned R-2 MULTI-FAMILY with PUBLIC WATER & SEWER, this classic Florida duplex offers approximately 1,548 SQ FT OF LIVING SPACE and 2,188 TOTAL SQ FT UNDER ROOF. Each approximately 774-square-foot unit features 2 BEDROOMS, 1 BATH, its own COVERED CARPORT, and an INDOOR LAUNDRY/STORAGE ROOM with plenty of extra space for tools, bikes, and all the Florida-living essentials. ORIGINAL TERRAZZO FLOORS add vintage character with NO CARPET, while NEW EXTERIOR PAINT gives the property a fresh, modern feel! Several important improvements have already been addressed, including a WHOLE-HOUSE REPIPE completed in 2025, ROOF, & UPDATED ELECTRICAL. THE FRONT UNIT, 655 Minnesota Ave, is charming and currently occupied by a LONG-TERM TENANT who has called it home for approximately 13 YEARS—providing established rental income from day one. The REAR UNIT, 657 Minnesota Ave, became VACANT on August 30th and is ready for its next chapter! This unit offers an UPDATED KITCHEN with a BUILT-IN OVEN, GLASS-TOP RANGE, and newer refrigerator, along with THREE UPDATED MINI-SPLIT A/C UNITS—one serving the living area and 1 in each bedroom. Its indoor laundry room provides additional space for garden tools and storage, and the covered carport adds convenient off-street parking. Step outside and you will find another little slice of Florida potential! The rear unit enjoys direct access to the BACKYARD with a pavered patio practically begging for Adirondack chairs, string lights, and evenings spent enjoying FLORIDA OUTDOOR LIVING. For an owner-occupant, here's where it gets interesting: MOVE INTO THE VACANT REAR UNIT while collecting rental income from the front. For an investor, the rear unit is ready to lease from day one, potentially creating a second income stream. Or, with R-2 MULTI-FAMILY ZONING, PUBLIC WATER & SEWER, and redevelopment already taking place throughout the surrounding area, explore what the future possibilities may hold for this 7,000-square-foot lot. What’s the #1 Rule in Real Estate? LOCATION, LOCATION, LOCATION: another reason this opportunity stands out! Enjoy convenient access to the heart of WINTER PARK, with PARK AVENUE'S celebrated shopping, dining, and entertainment, beautiful ROLLINS COLLEGE, and ADVENT HEALTH minutes away. Whether you're thinking about long-term investment potential or looking for a place to call home, this amazing property location keeps you connected to so much of what makes Winter Park special. INVEST. LIVE. RENT. REIMAGINE. After more than four decades with the same ownership, opportunities like this don't come along every day. Come discover 655 & 657 Minnesota Aveand start dreaming about what YOU could do with this unique Winter Park property!
Property Details
Basics
- Property Type
- Residential Income
- Property Subtype
- Duplex
- MLS Number
- O6434938
- Year Built
- 1965
- Levels
- One
Size & Structure
- Living Area
- 1,548 sqft
- Total Area
- 2,188 sqft
- Lot Size
- 0.16 acres
- Lot Sq Ft
- 7,000 sqft
- Bedrooms
- 4
Interior
- Appliances
- Built-In Oven, Cooktop, Dryer, Microwave, Refrigerator, Washer
- Interior Features
- Built-in Features, Eat-in Kitchen
- Laundry
- Inside
- A/C
- Mini-Split Unit(s), Wall/Window Unit(s)
- Heating
- Electric
Exterior & Lot
- Exterior Features
- Fence, Sidewalk
- Construction
- Block
- Roof
- Shingle
- Foundation
- Slab
Water & Pool
Community & HOA
- HOA
- No
Utilities & Systems
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Electricity Connected, Public
- Cooling
- Mini-Split Unit(s), Wall/Window Unit(s)
- Heating
- Electric
- Flood Zone
- X
- Parking
- Covered
Financial
- List Price
- $550,000
- Annual Taxes
- $5,192
- Tax Year
- 2025
- Listing Terms
- Cash, Conventional, FHA, VA Loan
- Special Conditions
- None
Schools
- Elementary
- Audubon Park K8
- High School
- Winter Park High