195 Iris Street, Mahtomedi, MN 55115
Local realty services provided by:Better Homes and Gardens Real Estate Advantage One
195 Iris Street,Saint Paul, MN 55115
$515,000
- 7 Beds
- 3 Baths
- 2,851 sq. ft.
- Multi-family
- Active
Listed by: bethany l nelson
Office: keller williams premier realty lake minnetonka
MLS#:7019322
Source:ND_FMAAR
Price summary
- Price:$515,000
- Price per sq. ft.:$180.64
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 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.
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Home facts
- Year built:1968
- Listing ID #:7019322
- Added:11 day(s) ago
- Updated:February 24, 2026 at 09:54 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:3
- Living area:2,851 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Year built:1968
- Building area:2,851 sq. ft.
- Lot area:0.3 Acres
Utilities
- Water:City Water/Connected
- Sewer:City Sewer/Connected
Finances and disclosures
- Price:$515,000
- Price per sq. ft.:$180.64
- Tax amount:$4,990
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