Home for Sale in Mahtomedi
195 Iris Street
Mahtomedi, MN 55115
Property Details
No. of Units
2
Year Built
1968
Square Feet
2,851
Acres
0.30
2025 Property Taxes
$4,197
School District
Mahtomedi
County
Washington
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.
Hwy 244 to Warner, North to Iris.
Unit Information
Unit 1
Unit 2
Features
Electric
Fuses
Heating
Baseboard,Boiler
Sewer
City Sewer/Connected
Water
Public
Additional Info
Listed By
Bethany Nelson of Keller Williams Premier Realty Lake Minn
Listed
02/12/26 and last updated 03/06/26
Based on information submitted to the MLS GRID or Trestle as of DATE and TIME. All data is obtained from various sources and may not have been verified by the broker, MLS GRID, or Trestle. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
