$335,000
901-903 12th Street SW Forest Lake, MN 55025
For Sale MLS# 6822398
6 beds 4 baths 2,400 sq ft Multi-family
Details for 901-903 12th Street SW
MLS# 6822398
Description for 901-903 12th Street SW, Forest Lake, MN, 55025
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 Information
Property Type: Multi-family
Status: Active
Bedrooms: 6
Bathrooms: 4
Square Feet: 2,400 sq ft
Year Built: 1980
Foundation: 2,400 sq ft
Stories: 2 Stories
Number Of Units Total: 2
County: Washington
Days On Market: 7
Construction Status: Previously Owned
School Information
District: 831 - Forest Lake
Interior Features
Square Footage above: 2,400 sq ft
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Heating: Electric, Baseboard
Exterior / Lot Features
Open Parking: 2
Parking Description: Driveway - Gravel
Exterior: Metal, Vinyl
Lot Dimensions: 125x80
Zoning: Residential-Multi-Family
Fencing: Chain Link
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 1350
Unit 1 Baths Total: 2
Unit 1 Beds Total: 3
Unit 1 Rooms Total: 5
Unit 2 Units Total: 1
Unit 2 Actual Rent: 1400
Unit 2 Baths Total: 2
Unit 2 Beds Total: 3
Unit 2 Rooms Total: 5
Driving Directions
35 TO FOREST LK EXIT, W TO 12TH SO TO DUPLEX
Financial Considerations
Other Annual Tax: $3,948
Gross Income: 33000
Tax/Property ID: 0803221330007
Tax Amount: 3948
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Bridge Realty, LLC
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 2025 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 901-903 12th Street SW
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 901-903 12th Street SW
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Data powered by ATTOM Data Solutions. Copyright© 2025. 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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