Closed

$340,000

901-903 12th St SW, Forest Lake, MN 55025

6beds

4baths

2,400sqft

Multi Family

Built in 1980

-- sqft lot

$343,800 Zestimate^®

$142/sqft

$2,078 Estimated rent

Home value

$343,800

$320,000 - $371,000

$2,078/mo

Zestimate^® history

Owner options

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$2,078/mo

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$2,078/mo

Rent Zestimate^®

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$2,105/mo

Est. payment

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$2,105/mo

Est. payment

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What's special

Fenced yard

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4

Heating

Baseboard

Features

Basement: None

Interior area

Total structure area: 2,400
Total interior livable area: 2,400 sqft
Finished area above ground: 2,400
Finished area below ground: 0

Property

Parking

Parking features: Gravel

Accessibility

Accessibility features: None

Features

Levels: Two
Fencing: Chain Link

Lot

Size: 10,000 Square Feet
Dimensions: 125 x 80

Details

Foundation area: 2400
Parcel number: 0803221330007
Zoning description: Residential-Multi-Family

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Condition

New construction: No
Year built: 1980

Utilities & green energy

Gas: Electric
Sewer: City Sewer/Connected
Water: City Water/Connected

Community & HOA

Location

Region: Forest Lake

Financial & listing details

Price per square foot: $142/sqft
Annual tax amount: $3,948
Date on market: 12/9/2025
Cumulative days on market: 30 days

Price history

Date	Event	Price
1/13/2026	Sold	$340,000+1.5%$142/sqft
Source: NorthstarMLS as distributed by MLS GRID #6822398 Report a problem
1/8/2026	Pending sale	$335,000$140/sqft
Source: NorthstarMLS as distributed by MLS GRID #6822398 Report a problem
12/9/2025	Listed for sale	$335,000$140/sqft
Source: NorthstarMLS as distributed by MLS GRID #6822398 Report a problem