For Sale: Forest Lake MLS# 7045525
Active
NEW!
$579,000
Multi-family: Duplex Side by Side
6 br • 4 ba • Built 1995
3,696 sqft • 0.232 acres
Forest Lake schools
MLS# 7045525
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Property Description
Exceptional Investment Opportunity | Forest Lake Side-by-Side Duplex | 6 BD / 4 BA
Discover the perfect blend of modern living and smart investing with this beautifully updated side-by-side duplex nestled in sought-after Forest Lake. Each thoughtfully designed unit offers a stylish split-level layout featuring three bedrooms and two bathrooms, delivering the space and comfort that today's renters and homeowners demand. The upper level of each unit is home to a serene primary bedroom retreat complete with a generous walk-in closet, while two additional bedrooms on the lower level provide flexible space for family, guests, or a home office. Both units are finished with a fresh, modern aesthetic that sets them apart from the competition — think clean lines, updated finishes, and move-in ready appeal throughout. Convenient in-unit laundry rooms on the lower level of each unit add the everyday functionality that tenants love and that commands premium rents. Whether you're a savvy investor looking to maximize your portfolio with two income-producing units, or a buyer seeking the rare chance to live in one unit while your tenant's rent offsets your mortgage, this property delivers unmatched financial flexibility. Opportunities like this — turnkey, updated, and ideally situated in one of the north metro's most desirable lake communities — simply don't last long in today's market.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$579,000
Price per sq ft:
$157
Property Type:
Multi-family
City:
Forest Lake
Garage Spaces:
4
County:
Washington
Year Built:
1995
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55025
Subdivision Name:
Fred Richters Forest Lake Add
Interior
Bedrooms:
6
Bathrooms:
4
Finished Area:
3,696 ft2
Living Area:
3,696 ft2
Refrigerators:
Two
Basement Details:
- Finished
- Full
Exterior
Stories:
Split Entry (Bi-Level)
Garage Spaces:
4
Garage Dimensions:
24x24
Garage Size:
576 ft2
Garage Door Height:
7
Garage Door Width:
16
Foundation Size:
1,848 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Baseboard
Parking Features:
- Attached Garage
- Concrete
- Garage Door Opener
Shared Amenities:
None
Road Frontage:
- City Street
- Paved Streets
Exterior Material:
- Block
- Frame
Roof Details:
- Age 8 Years or Less
- Asphalt
Rooms
Laundry:
- In Basement
- In Unit
Lot & Land
Acres:
0.232
Geolocation:
45.268678, -92.977854
Lot Dimensions:
69 x 140
Zoning:
Residential-Multi-Family
Lot Description:
- Irregular Lot
- Tree Coverage - Medium
Schools
School District:
831
District Phone:
6519828103
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Electricity, Other, Trash Collection
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$5,758
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,758
Income
Annual Gross Income:
None
Misc. Annual Income:
None
Misc. Monthly Income:
None
Rent
Annual Net Income:
None
Units
Total Units:
2
Miscellaneous
Fuel System:
Electric
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Engel & Volkers Minneapolis Downtown.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.