195 Iris Street, Mahtomedi, MN 55115

Mahtomedi
Local realty services provided by:ERA Prospera Real Estate
195 Iris Street,Mahtomedi, MN 55115
$500,000
  • 7 Beds
  • 3 Baths
  • 2,660 sq. ft.
  • Multi-family
  • Active
Listed by: bethany nelson
Office: keller williams premier realty lake minnetonka
MLS#:7019322
Source:NSMLS

Price summary

  • Price:$500,000
  • Price per sq. ft.:$175.38

About this home

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, new water heater, 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...

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Home facts

  • Year built:1968
  • Listing ID #:7019322
  • Added:44 day(s) ago
  • Updated:March 29, 2026 at 12:04 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:3
  • Basement:Yes
  • Basement Description:Daylight / Lookout Windows, Egress Window(s), Finished, Full, Walkout
  • Living area:2,660 sq. ft.

Heating and cooling

  • Heating:Baseboard, Boiler

Structure and exterior

  • Roof:Age 8 Years or Less, Asphalt
  • Year built:1968
  • Building area:2,660 sq. ft.
  • Lot area:0.3 Acres
  • Lot Features:Corner Lot, Irregular Lot
  • Levels:1 Story

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$500,000
  • Price per sq. ft.:$175.38
  • Tax amount:$4,197 (2025)

Parking

  • Parking description:Asphalt, Detached Garage
  • Garage:Yes
  • Garage spaces:2
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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