$399,000
121 1st Street W Maple Lake, MN 55358
For Sale MLS# 7072871
3 beds 3 baths 2,322 sq ft Multi-family
Details for 121 1st Street W
MLS# 7072871
Description for 121 1st Street W, Maple Lake, MN, 55358
Welcome to this fantastic investment opportunity in the heart of Maple Lake — where small-town living meets convenience and community charm. This well-maintained triplex features three beautifully updated units, with the potential to add a fourth unit in the basement for even greater income potential.Located in a desirable neighborhood close to local shopping, restaurants, parks, and schools, this property also puts you just minutes from all of the year-round festivities and community events that make Maple Lake such a special place to call home.Each unit has been thoughtfully renovated to offer modern updates while still maintaining a warm and inviting feel. With strong rental demand in the area and flexible opportunities for investors or owner-occupants alike, this property is a rare chance to enjoy steady income potential in a welcoming small-town setting.
Listing Information
Property Type: Multi-family, Triplex
Status: Active
Bedrooms: 3
Bathrooms: 3
Lot Size: 0.07 Acres
Square Feet: 2,322 sq ft
Year Built: 1920
Foundation: 1,472 sq ft
Stories: 1.5 Stories
Subdivision: Original Maple Lake
Number Of Units Total: 3
County: Wright
Days On Market: 14
Construction Status: Previously Owned
School Information
District: 881 - Maple Lake
Additonal Room Information
Laundry: In Basement, Common Area
Interior Features
Square Footage above: 2,322 sq ft
Basement: Concrete Block, Shared Access, Partial Finished
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Heating: Electric, Natural Gas, Boiler
Exterior / Lot Features
Parking Description: Driveway - Shared
Exterior: Vinyl
Roof: Age 8 Years or Less, Asphalt Shingles
Lot Dimensions: 48x58x47x61
Zoning: Residential-Multi-Family
Additional Exterior/Lot Features: Road Frontage - City
Community Features
Association Amenities: Coin-op Laundry Owned, Common Laundry Facility
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 1100
Unit 1 Baths Total: 1
Unit 1 Beds Total: 1
Unit 1 Rooms Total: 5
Unit 2 Units Total: 1
Unit 2 Actual Rent: 1100
Unit 2 Baths Total: 1
Unit 2 Beds Total: 1
Unit 2 Rooms Total: 3
Unit 3 Units Total: 1
Unit 3 Actual Rent: 1350
Unit 3 Baths Total: 1
Unit 3 Beds Total: 1
Unit 3 Rooms Total: 3
Driving Directions
Heading west on hwy 55, take a left on Oak Ave at the light, to a right on 1st St W, property will be on your left.
Financial Considerations
Tenant Pays: Electric
Gross Income: 40830
Expense: 10800
Tax/Property ID: 110010007011
Tax Amount: 3960
Tax Year: 2026
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Kg Realty
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 121 1st Street W
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 121 1st Street W
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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