195 Iris Street, Mahtomedi, MN 55115
Local realty services provided by:CENTURY 21 FM Realty
195 Iris Street,Mahtomedi, MN 55115
$515,000
- 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:$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.
Contact an agent
Home facts
- Year built:1968
- Listing ID #:7019322
- Added:14 day(s) ago
- Updated:February 27, 2026 at 04:04 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:$515,000
- Price per sq. ft.:$180.64
- Tax amount:$4,197 (2025)
New listings near 195 Iris Street
- Open Sat, 12 to 2pmNew
$269,900Active2 beds 1 baths751 sq. ft.176 Hanson Road, Mahtomedi, MN 55115
MLS# 7021400Listed by: RE/MAX RESULTS - Coming Soon
$359,900Coming Soon2 beds 2 baths87 Quail Street, Mahtomedi, MN 55115
MLS# 7026979Listed by: KELLER WILLIAMS PREMIER REALTY - New
$370,000Active0.7 Acres235 Old Wildwood Road, Mahtomedi, MN 55115
MLS# 7024581Listed by: MICHAEL LEE, INC.
$2,095,000Active4 beds 3 baths4,282 sq. ft.939 Park Avenue, Mahtomedi, MN 55115
MLS# 6822215Listed by: KELLER WILLIAMS PREMIER REALTY
$550,000Pending5 beds 4 baths3,076 sq. ft.268 Shamrock Drive, Mahtomedi, MN 55115
MLS# 7005822Listed by: ENGEL & VOLKERS MINNEAPOLIS DOWNTOWN- Open Sat, 2 to 4pm
$539,900Active4 beds 3 baths3,098 sq. ft.800 Griffin Avenue, Mahtomedi, MN 55115
MLS# 7017491Listed by: LPT REALTY, LLC
$315,000Pending3 beds 3 baths1,970 sq. ft.921 Ledgestone Drive, Mahtomedi, MN 55115
MLS# 7018157Listed by: BRIDGE REALTY, LLC
$315,000Pending3 beds 3 baths1,970 sq. ft.921 Ledgestone Drive, Mahtomedi, MN 55115
MLS# 7018157Listed by: BRIDGE REALTY, LLC
$115,000Active0.37 AcresTBD Glenmar Avenue, Mahtomedi, MN 55115
MLS# 7017448Listed by: WHITE BEAR LAKE REALTY