Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$525,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 2 Units
  • 8 Total Beds
  • 2 Car Garage
  • Updated 2 hours ago

Next open house:

Open House: 11:00 AM - 2:00 PM

Saturday 2/14 11:00 AM - 2:00 PM

195 Iris Street,Mahtomedi, MN 55115

195 Iris StreetMahtomediMN55115

Get directions
See This Home
Save This Home
See This Home
Save This Home
Exceptional opportunity to own a rare duplex in the heart of Mahtomedi, just five blocks from White Bear Lake and located in the highly rated Mahtomedi School District. Ideal for owner-occupants or investors alike, live in one unit while generating income from the other. While the units are close mirrors of each other, the vacant unit is equipped with four bedrooms and two bathrooms while the rented unit has three bedrooms and one bathroom. Recent improvements add significant value and peace of mind, including sewer line replacement in 2025 a new roof in 2023. The vacant unit has been updated with fresh interior paint, new flooring, new range, new air conditioning system, all new closet doors and some new interior doors. Driveway replaced in 2020. Both units include finished lower levels with walkout access and separate private entrances, creating excellent separation, added functionality, and potential for multi-generational living or enhanced rental value. Set on a desirable corner lot near the lake, schools, parks, and local amenities, this is a rare opportunity to own a versatile property in one of Mahtomedi's most sought-after neighborhoods.

Full Property Details for 195 Iris St

General

  • Price: $525,000
  • Taxes: $4,197 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7019322
  • Updated: 2/13/2026
  • Added to Site: 1 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 3

Bedrooms

  • Total Bedrooms: 8

Other Rooms

  • Laundry: In Basement, Gas Dryer Hookup, Washer Hookup, In Basement, Gas Dryer Hookup, Washer Hookup

Exterior

  • Porch/Patio/Deck: Deck

Parking

  • Garage: Yes
  • Garage Description: 20 x 22
  • Garage Spaces: 2
  • Parking Features: Detached Garage, Asphalt

Location

  • County: Washington
  • Township: Mahtomedi
  • Subdivision: Rls 31
  • Driving Directions: Hwy 244 to Warner, North to Iris.

School Information

  • School District: 2289 - Mahtomedi
  • High School District: Mahtomedi

Heating & Cooling

  • Heating Type: Baseboard, Boiler
  • Heating Fuel: Electric, Natural Gas

Utilities

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

Structural Information

  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Daylight/Lookout Windows, Egress Window(s), Finished, Full, Walk-Out
  • Foundation Size: 1382
  • Roof: Age 8 Years or Less, Asphalt
  • Disability Access: None
  • Square Feet: 2,660
  • Above Ground: 1,469 Sq. Ft.
  • Below Ground: 1,382 Sq. Ft.
  • Year Built: 1968

Unit Information

  • Units w/Refrigerators: 2

Lot Features

  • Lot Size (Acres): 0.3
  • Lot Dimensions: 114 x 160 x 56 x 174
  • Frontage: Paved Streets
  • Zoning: Residential-Multi-Family
  • Lot Description: Corner Lot, Irregular Lot

Financial Considerations

  • Tax Amount: $4,197
  • Tax Year: 2025
  • Terms: Conventional, VA, FHA, Cash, Other
  • Owner Pays: None
  • Tenant Pays: All Utilities

Disclosures and Reports

  • Legal Description: TRACT E EXCEPT W 49 FEET THEREOF LOT E SUBDIVISIONCD 50340 SUBDIVISIONNAME RLS #31
  • Property ID: 2003021430081

Listed by Keller Williams Premier Realty Lake Minnetonka

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® 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 Coldwell Banker 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®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 195 Iris St —

  • Keller Williams Premier Realty Lake Minnetonka

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Get a Great Insurance Rate

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 195 Iris St

School District:Mahtomedi Public School District
NameGradesDistance
O.H. Anderson Elementary School
666 North Warner Avenue, Mahtomedi, MN 55115
3-50.2 mi
Wildwood Elementary School
8698 75th Street North, Stillwater, MN 55082
K-21.3 mi
Mahtomedi Middle School
8100 75th Street North, Mahtomedi, MN 55115
6-80.6 mi
Mahtomedi Senior High School
8000 75th St N, Mahtomedi, MN 55115
9-120.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 195 Iris St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/13/2026
Listed
$525,000
32.91%
MLS
5/04/2021
Sold
$395,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 195 Iris St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,990
—
$392,300
—
2025
$4,990
4%
$393,500
4%
2023
$4,794
—
$378,800
20%
2023
$4,794
—
$316,400
-1%
2021
$4,790
3%
$318,200
5%
2020
$4,634
-1%
$303,700
4%
2019
$4,688
7%
$291,500
1%
2018
$4,394
2%
$288,600
8%
2017
$4,298
-3%
$266,000
-4%
2016
$4,422
6%
$276,800
10%
2015
$4,174
9%
$251,300
7%
2014
$3,814
—
$234,700
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 195 Iris St

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Down Payment Resource

Listed by Keller Williams Premier Realty Lake Minnetonka

Just Listed near 195 Iris St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

Tbd Park Ave, White Bear Lake, MN 55110 - Photo 1 Just Listed
$160,000

Tbd Park Ave  White Bear Lake, MN 55110

  • Lots/Land
  • Active
  • Updated 1 day ago
  • 0.345
    Acres
Listed by Twin Cities Real Estate
5129 Wild Marsh Dr, White Bear Lake, MN 55110 - Photo 1 Just Listed
$560,000

5129 Wild Marsh Dr  White Bear Lake, MN 55110

  • Townhouse
  • Active
  • Updated 2 hours ago
  • 3
    Beds
  • 3
    Total Baths
  • 2,309
    Sq. Ft.
Listed by Edina Realty, Inc.
2512 Sky Blue Ct, White Bear Lake, MN 55110 - Photo 1 Just Listed
$624,999

2512 Sky Blue Ct  White Bear Lake, MN 55110

  • Townhouse
  • Active
  • Updated 2 hours ago
  • 3
    Beds
  • 3
    Total Baths
  • 3,224
    Sq. Ft.
Listed by Keller Williams Premier Realty
3540 McKnight Rd N, White Bear Lake, MN 55110 - Photo 1 Just Listed
$324,900

3540 McKnight Rd N  White Bear Lake, MN 55110

  • Single Family
  • Active
  • Updated 2 hours ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,503
    Sq. Ft.
Listed by Keller Williams Premier Realty

Price Reduced near 195 Iris St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

5674 Brandlwood Ct, White Bear Lake, MN 55110 - Photo 1 Price Reduced
-$100 (-0.05%)
$209,900

5674 Brandlwood Ct  #54  White Bear Lake, MN 55110

  • Single Family
  • Active
  • Updated 5 days ago
  • 2
    Beds
  • 2
    Total Baths
  • 1,060
    Sq. Ft.
Listed by LPT Realty, LLC
3407 Emerald Dr, White Bear Lake, MN 55110 - Photo 1 Price Reduced
-$10,000 (-2.86%)
$340,000

3407 Emerald Dr  White Bear Lake, MN 55110

  • Single Family
  • Active
  • Updated 2 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 2,128
    Sq. Ft.
Listed by LPT Realty, LLC
1961 9th St, White Bear Lake, MN 55110 - Photo 1 Price Reduced
-$9,000 (-2.51%)
$350,000
Open House

1961 9th St  White Bear Lake, MN 55110

  • Single Family
  • Active
  • Updated 3 days ago
  • 3
    Beds
  • 3
    Total Baths
  • 2,112
    Sq. Ft.
Listed by Real Broker, LLC
5650 Brandlwood Ct, White Bear Lake, MN 55110 - Photo 1 Price Reduced
-$9,100 (-4.57%)
$189,900
Open House

5650 Brandlwood Ct  #68  White Bear Lake, MN 55110

  • Townhouse
  • Active
  • Updated 6 days ago
  • 2
    Beds
  • 1
    Total Bath
  • 1,030
    Sq. Ft.
Listed by Edina Realty, Inc.

Recent Sales near 195 Iris St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

208 Iris St, Mahtomedi, MN 55115 - Photo 1 Sold
$567,000

208 Iris St  Mahtomedi, MN 55115

  • Single Family
  • Closed
  • 3
    Beds
  • 2
    Total Baths
  • 1,805
    Sq. Ft.
Listed by RE/MAX Synergy
Sold by RE/MAX Synergy
200 Juniper St, Mahtomedi, MN 55115 - Photo 1 Sold
$590,000

200 Juniper St  Mahtomedi, MN 55115

  • Single Family
  • Closed
  • 4
    Beds
  • 2
    Total Baths
  • 2,475
    Sq. Ft.
Listed by Edina Realty, Inc.
Sold by Keller Williams Integrity Realty
442 Juniper Ct, Mahtomedi, MN 55115 - Photo 1 Sold
$510,000

442 Juniper Ct  Mahtomedi, MN 55115

  • Single Family
  • Closed
  • 4
    Beds
  • 3
    Total Baths
  • 2,254
    Sq. Ft.
Listed by Keller Williams Realty Integrity Lakes
Sold by LaBelle Real Estate Group Inc
430 Park Pl, Mahtomedi, MN 55115 - Photo 1 Sold
$540,000

430 Park Pl  Mahtomedi, MN 55115

  • Single Family
  • Closed
  • 3
    Beds
  • 3
    Total Baths
  • 2,246
    Sq. Ft.
Listed by Executive Real-Estate Profess
Sold by LaBelle Real Estate Group Inc

195 Iris Street, Mahtomedi, MN 55115 (MLS# 7019322) is a Multi-Family property with 2 units containing 8 bedrooms and 0 full bathrooms. 195 Iris Street is currently listed for $525,000 and was received on February 12, 2026. Want to learn more about 195 Iris Street? Do you have questions about finding other Multi-Family real estate for sale in Mahtomedi? You can browse all Mahtomedi real estate or contact a Coldwell Banker agent to request more information.

Tour this property