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$340,000

  • Sold
  • Closed
  • Multi-Family
  • 2 Units
  • 6 Total Beds
  • Updated 4 days ago
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Turn-key side-by-side duplex in a high-demand Forest Lake rental market! Both units are fully leased, delivering immediate cash flow. Each spacious 1,200 sq ft unit offers 3 BR, 2 BA, in-unit washer/dryer, and brand-new flooring and carpet installed July 2025. New refrigerator and stove in 903 as of October 2025 and new stove in 901 as of November 2025. Tenants love the fenced yard, each with their own shed, and convenient location near lakes, parks, shopping, and major highways. Partial roof replacement completed in 2023 after storm; remaining roof condition unknown. Water heater in Unit 901 replaced in 2022; Unit 903 water heater age unknown. Strong rents, low maintenance updates, and a desirable suburban location make this an outstanding addition to any investment portfolio.

Full Property Details for 901-903 12th Street SW

General

  • Sold For: $340,000
  • Taxes: $3,948 (2025)
  • Status: Closed
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6822398
  • Added to Site: 40 day(s) ago

Parking

  • Parking Features: Gravel

School Information

  • School District: 2288 - Forest Lake
  • High School District: Forest Lake

Heating & Cooling

  • Heating Type: Baseboard
  • Heating Fuel: Electric

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Financial Considerations

  • Tax Amount: $3,948
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: LOT 1, BLK 1, HELENA'S LAKEVIEW ADDN
  • Property ID: 803221330007

Listed by Bridge Realty, LLC
Sold by RES Realty

Listing agent

— 901-903 12th Street SW —

  • Bridge Realty, LLC

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NMLS#: 1598647

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NMLS#: 1598647

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Price & Sales History for 901-903 12th Street SW

Date
Details
Price
Change
Source
1/13/2026
Sold
$340,000
1.49%
MLS
12/09/2025
Listed
$335,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Down Payment Resource

Listed by Bridge Realty, LLC
Sold by RES Realty

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901-903 12th Street SW, Forest Lake, MN 55025 (MLS# 6822398) is a Multi-Family property that was sold at $340,000 on January 13, 2026. Want to learn more about 901-903 12th Street SW? Do you have questions about finding other Multi-Family real estate for sale in Forest Lake? You can browse all Forest Lake real estate or contact a Coldwell Banker agent to request more information.