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.
Active
$335,000
901-903 12th St SW, Forest Lake, MN 55025
6beds
4baths
2,400sqft
Est.:
Other
Built in 1980
-- sqft lot
$-- Zestimate®
$140/sqft
$-- HOA
What's special
Fenced yard
- 2 days |
- 386 |
- 22 |
Zillow last checked: 8 hours ago
Listing updated: December 10, 2025 at 01:06pm
Listed by:
Tim May 612-720-7769,
Bridge Realty, LLC
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6822398
Tour with a local agent
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: Other
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: $140/sqft
- Annual tax amount: $3,948
- Date on market: 12/9/2025
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/9/2025 | Listed for sale | $335,000$140/sqft |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$2,041/mo
Principal & interest
$1645
Property taxes
$279
Home insurance
$117
Climate risks
Neighborhood: 55025
Nearby schools
GreatSchools rating
- 6/10Forest Lake Elementary SchoolGrades: 4-6Distance: 0.6 mi
- 7/10Forest Lake Area Middle SchoolGrades: 7-8Distance: 1.4 mi
- 7/10Forest Lake Senior High SchoolGrades: 9-12Distance: 1.2 mi
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