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.
Active
Price cut: $20K (6/9)
$379,000
121 1st St W, Maple Lake, MN 55358
3beds
3baths
2,322sqft
Triplex
Built in 1920
-- sqft lot
$371,300 Zestimate®
$163/sqft
$-- HOA
What's special
Modern updatesWarm and inviting feelThree beautifully updated units
- 40 days |
- 206 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Stephanie Schumann 763-355-0801,
Kg Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7072871
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Boiler
Appliances
- Laundry: In Basement, Common Area, Coin-op Laundry Owned
Features
- Basement: Block,Partially Finished,Shared Access
Interior area
- Total structure area: 3,794
- Total interior livable area: 2,322 sqft
- Finished area above ground: 2,322
- Finished area below ground: 0
Property
Parking
- Parking features: Shared Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: One and One Half
- Patio & porch: Deck, Patio
- Fencing: None
Lot
- Size: 2,962 Square Feet
- Dimensions: 48 x 58 x 47 x 61
Details
- Foundation area: 1472
- Parcel number: 110010007011
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Block, Frame
- Roof: Age 8 Years or Less,Asphalt
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Electric, Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Original Maple Lake
HOA
- Amenities included: Laundry, Coin-op Laundry Owned
Location
- Region: Maple Lake
Financial & listing details
- Price per square foot: $163/sqft
- Tax assessed value: $254,500
- Annual tax amount: $3,960
- Date on market: 5/21/2026
- Tenant pays: Electricity
Estimated market value
$371,300
$353,000 - $390,000
$1,472/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/9/2026 | Price change | $379,000-5%$163/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7072871 Report a problem | ||
| 5/21/2026 | Listed for sale | $399,000+49.2%$172/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7072871 Report a problem | ||
| 11/8/2024 | Sold | $267,500-2.7%$115/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6572408 Report a problem | ||
| 10/17/2024 | Pending sale | $275,000$118/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6572408 Report a problem | ||
| 9/28/2024 | Price change | $275,000-15.4%$118/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6572408 Report a problem | ||
| 9/5/2024 | Price change | $325,000-1.5%$140/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6572408 Report a problem | ||
| 7/29/2024 | Listed for sale | $330,000$142/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6572408 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,274 -7% | $254,500 -3.3% |
| 2024 | $4,596 +3.3% | $263,200 +1.2% |
| 2023 | $4,450 +26.6% | $260,200 +10.8% |
| 2022 | $3,515 +1.6% | $234,900 +20.5% |
| 2021 | $3,458 +3% | $194,900 +6.3% |
| 2020 | $3,358 -63% | $183,400 +3.8% |
| 2019 | $9,072 +170.2% | $176,700 +4.8% |
| 2018 | $3,358 +11.6% | $168,600 +11.6% |
| 2017 | $3,008 +16.2% | $151,100 |
| 2016 | $2,588 | -- |
| 2015 | $2,588 +6.5% | -- |
| 2014 | $2,430 -7.5% | -- |
| 2013 | $2,628 +2.3% | -- |
| 2012 | $2,568 -1% | -- |
| 2011 | $2,593 -0.9% | -- |
| 2010 | $2,617 +3.7% | -- |
| 2009 | $2,523 +11.4% | -- |
| 2008 | $2,265 +18.5% | -- |
| 2007 | $1,912 +12.3% | -- |
| 2006 | $1,702 +7.3% | -- |
| 2005 | $1,586 +10% | -- |
| 2004 | $1,442 +4.8% | -- |
| 2003 | $1,376 -5.6% | -- |
| 2002 | $1,458 -5.9% | -- |
| 2001 | $1,549 | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 55358
Nearby schools
GreatSchools rating
- 7/10Maple Lake Elementary SchoolGrades: PK-6Distance: 0.4 mi
- 9/10Maple Lake SecondaryGrades: 7-12Distance: 0.4 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Minnesota
- Wright County
- Maple Lake
- 55358
- 121 1st St W
Nearby cities
Nearby zip codes
Other Maple Lake Topics
