$335,000

901 12th St SW Forest Lake, MN 55025

Estimated payment $2,086/month

6 Beds
4 Baths
2,400 Sq Ft
$140 Price per Sq Ft

About This Home

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.

Listing Agent

Timothy May

Bridge Realty, LLC Listed on: 12/09/2025

Bridge Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,948

Year Built

  • Built in 1980

Lot Details

  • Lot Dimensions are 125x80
  • Chain Link Fence

Interior Spaces

  • 2,400 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Baseboard Heating

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 0803221330007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,948

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Other
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1980
  • Above Grade Finished Sq Ft: 2400
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Living Area: 2400
  • Basement YN: No

Beds/Baths

  • Total Bedrooms: 6

Exterior Features

  • Fencing: Chain Link

Garage/Parking

  • Parking Features: Gravel

Utilities

  • Heating: Baseboard
  • Sewer: City Sewer/Connected
  • Fuel: Electric

Schools

  • Junior High Dist: Forest Lake
  • SchoolDistrictPhone: 6519828103

Lot Info

  • Lot Size: 125x80
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Units Total: 2

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 0803221330007
  • Tax Annual Amount: 3948
  • TaxWithAssessments: 0

Map

Range of Values:

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Value Increase
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/09/2025 12/09/25 For Sale $335,000 +123.3% $140 / Sq Ft
01/16/2015 01/16/15 Sold $150,000 -30.2% $81 / Sq Ft View Prior Sale
12/31/2014 12/31/14 Pending -- -- --
10/18/2013 10/18/13 For Sale $215,000 -- $116 / Sq Ft
Source: NorthstarMLS

Source: NorthstarMLS

MLS Number: 6822398

NorthstarMLS

APN: 08-032-21-33-0007