901 12th St SW Forest Lake, MN 55025
Estimated payment $2,086/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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
MLS Number: 6822398
APN: 08-032-21-33-0007
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