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$329,900

3 Beds 3 Baths 2,322 SQFT 0.07 Acres
Type: Multi-Family

121 1st Street W
Maple Lake, MN 55358

MLS#: 7072871
Jenelle Werner
Jenelle Werner
The Real Estate Advantage
Phone: 651.216.1239
Office: 651.272.4688
Presented by: Kg Realty

Property Description

 

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.


 

Interior Features

Bedrooms

Total Bedrooms3

Bathrooms

Total Baths3

Other Interior Features

Above Grade Finished Area2,322 sqft
BasementBlock, Partially Finished, Shared Access
Basement (Y/N)Yes
Below Grade Finished Area0 sqft
Foundation Dimensions32x46
FuelElectric, Natural Gas
Laundry FeaturesIn Basement, Common Area

General

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesLaundry, Coin-op Laundry Owned
CityMaple Lake
Construction MaterialsBlock, Frame
ContingencyNone
CountyWright
DirectionsHeading west on hwy 55, take a left on Oak Ave at the light, to a right on 1st St W, property will be on your left.
ElectricCircuit Breakers
Electric Expense0
Fuel Expense2000
Garage Spaces0
Gross Income40830
HeatingBoiler
High School DistrictMaple Lake
Insurance Expense3100
Land Lease Y/NNo
Lender OwnedNo
LevelsOne and One Half
Living Area2,322 sqft
Lot Size UnitsAcres
MaintenanceExpense2100
Net Operating Income30030
New ConstructionNo
Number Of Units Total3
Operating Expense10800
PostalCityMaple Lake
Property SubtypeTriplex
Property TypeResidential Income
RoofAge 8 Years or Less, Asphalt
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameOriginal Maple Lake
Tax Annual Amount$3,960
Tax Year2026
Tenant PaysElectricity
Trash Expense0
Water Sewer Expense3600
Year Built1920
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total3,794 sqft
FencingNone
Foundation Area1,472 sqft
Lot Dimensions48x58x47x61
Lot Size Area0 sqft
Parking FeaturesShared Driveway
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
High School N/A
Middle School N/A

  

Similar Properties

$329,900

3 Beds 3 Baths 2,322 SQFT 0.07 Acres
Type: Multi-Family

121 1st Street W
Maple Lake, MN 55358

MLS#: 7072871
Jenelle Werner
Jenelle Werner
The Real Estate Advantage
Phone: 651.216.1239
Office: 651.272.4688