$250,000

5482 Egan Drive, Savage, MN 55378

3 beds |
2 baths |
1,398 sqft

Town Home
Built in 1984
1,307sqft lot
2 car garage
$179/sqft
Listed 2 months ago

Property Description

Investor opportunity. This well-maintained split-level townhome is tenant-occupied through 2027, providing immediate rental income with no vacancy period. The existing lease includes built-in annual rent increases, offering predictable year-over-year income growth, and the property is occupied by a great, long-term tenant. The upcoming $10,000 HOA assessment will be paid by the seller, with planned HOA improvements scheduled for 2026 and 2027 and no increase to HOA dues for the new owner. Additional equity remains for the next investor and upcoming updates will increase the home and community value. The large, open kitchen features loads of storage, well-maintained appliances including a dishwasher, vented range hood, and a double-pane sliding glass door leading to the back deck. Two bedrooms and an updated full bath with double vanity are located on the upper level. The lower level includes a family room, third bedroom, second bathroom, laundry room, and direct access to the attached two-car garage. Additional features include updated lighting, LVP flooring in bedrooms, tile entries, NEW double-pane windows, insulated garage door, central AC, and a newer water heater (2021). Located near parks, trails, shopping, restaurants, and major highways, this property offers strong long-term rental appeal with stable, in-place tenancy.

Listing Status:: Active
Data Last Updated:: February 16, 2026 at 7:17AM
Listing Office:: ERA Prospera Real Estate : 612-499-0555
MLS ID:: 6825826

Master Bath: 0
Appliances: CooktopDishwasherDisposalDryerGas Water HeaterMicrowaveRefrigeratorWasher
Dining: 0
Laundry: Lower Level
Basement: Daylight/Lookout WindowsEgress Window(s)FinishedFull
A/C: Central Air
Heating: Forced Air
Fireplace: Fireplaces: 0

Parking: Attached GarageInsulated GarageTuckunder Garage

Roofing: Asphalt
General: Split Entry (Bi-Level)

Road/Access: No Outlet/Dead EndPrivate Road
HOA Amenities: Building ExteriorHazard InsuranceLawn CareMaintenance GroundsProfessional MgmtSanitationShared AmenitiesSnow Removal351.0Monthly
Originating MLS: northstar
School District: Burnsville-Eagan-Savage
County: Scott

Zoning: 261120100

Utilities: Circuit Breakers100 Amp Service
Water: City Water/Connected
Sewer: City Sewer/Connected

Source: northstar

This listing courtesy of ERA Prospera Real Estate

Monthly Payment

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Principal & Interest $
Property Taxes $
Home Insurance $
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Location

Schools Nearby

Harriet Bishop Elementary School

14400 Oconnell Rd, Savage, MN, 55378

Grades KG-5

0.37 miles away

Eagle Ridge Middle School

13955 Glendale Rd, Savage, MN, 55378

Grades 6-8

0.81 miles away

Burnsville Area Learning Center

200 W Burnsville Pkwy, Burnsville, MN, 55337

Grades 6-12

3.68 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.