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Listed price in listed location currency (USD).
$525,000

730

MLS® 7019322

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 2660 sqft
Garage Yes
Taxes $4,197
Days Active 7
Lot Size 
Approx. Age 1968
Avg. Price Per Sqft $197
MLS® Number 7019322

Property Address: 195 Iris St, Mahtomedi, MN, 55115-1758

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional opportunity to own a rare duplex in the heart of Mahtomedi, just five blocks from White Bear Lake and located in the highly rated Mahtomedi School District. Ideal for owner-occupants or investors alike, live in one unit while generating income from the other. While the units are close mirrors of each other, the vacant unit is equipped with four bedrooms and two bathrooms while the rented unit has three bedrooms and one bathroom. Recent improvements add significant value and peace of mind, including sewer line replacement in 2025 a new roof in 2023. The vacant unit has been updated with fresh interior paint, new flooring, new range, new air conditioning system, all new closet doors and some new interior doors. Driveway replaced in 2020. Both units include finished lower levels with walkout access and separate private entrances, creating excellent separation, added functionality, and potential for multi-generational living or enhanced rental value. Set on a desirable corner lot near the lake, schools, parks, and local amenities, this is a rare opportunity to own a versatile property in one of Mahtomedi’s most sought-after neighborhoods. Vacant unit was previously rented for $2300 per month and leased unit is in a month to month lease at $1950 per month.
MLS® Number7019322
Laundry LevelIn Basement, Gas Dryer Hookup, Washer Hookup
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1968
BasementDaylight/Lookout Windows, Egress Window(s), Finished, Full, Walkout
DrivewayDetached Garage, Asphalt
Garage Spaces2
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 13, 2026List Date
$525,000List Price
  • Commute

Commute

Starting Address
Destination Address
195 Iris St, Mahtomedi, MN

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