For Sale: Maple Lake MLS# 7072871
Active
NEW!
$399,000
Multi-family: Triplex
3 br • 3 ba • Built 1920
2,322 sqft • 0.068 acres
Maple Lake schools
MLS# 7072871
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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.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$399,000
Price per sq ft:
$172
Property Type:
Multi-family
City:
Maple Lake
Garage Spaces:
0
County:
Wright
Year Built:
1920
State:
MN
Property Style:
Triplex
Zip Code:
55358
Subdivision Name:
Original Maple Lake
Interior
Bedrooms:
3
Bathrooms:
3
Finished Area:
2,322 ft2
Living Area:
2,322 ft2
Refrigerators:
Three
Basement Details:
- Block
- Partially Finished
- Shared Access
Exterior
Stories:
One and One Half
Garage Spaces:
0
Foundation Size:
1,472 ft2
Foundation Dimensions:
32x46
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Parking Features:
Shared Driveway
Shared Amenities:
- Coin-op Laundry Owned
- Laundry
Road Frontage:
City Street
Exterior Material:
- Block
- Frame
Roof Details:
- Age 8 Years or Less
- Asphalt
Rooms
Laundry:
- Common Area
- In Basement
Lot & Land
Acres:
0.068
Geolocation:
45.228324, -94.00253
Lot Dimensions:
48 x 58 x 47 x 61
Zoning:
Residential-Multi-Family
Schools
School District:
881
District Phone:
3209633171
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
$2,000
Annual Insurance Expense:
$3,100
Annual Maintenance Expense:
$2,100
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$3,600
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$3,960
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,960
Income
Annual Gross Income:
$40,830
Rent
Annual Net Income:
$30,030
Units
Total Units:
3
Miscellaneous
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Kg Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.