Home › 121 1st Street W, Maple Lake, MN 55358 (MLS# 7072871)

121 1st Street W, Maple Lake, MN 55358 (MLS# 7072871)

$365,000
121 1st Street W
Maple Lake, MN 55358
MLS# 7072871
3 beds  |  3 baths  |  3794 sqft
121 1st Street W, Maple Lake, MN 55358
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121 1st Street W, Maple Lake, MN 55358 View showing the 2nd main level unit entrance on the west side View showing upper level & 1st main level unit entrances 121 1st Street W, Maple Lake, MN 55358 121 1st Street W, Maple Lake, MN 55358 121 1st Street W, Maple Lake, MN 55358 121 1st Street W, Maple Lake, MN 55358 121 1st Street W, Maple Lake, MN 55358 121 1st Street W, Maple Lake, MN 55358 121 1st Street W, Maple Lake, MN 55358 121 1st Street W, Maple Lake, MN 55358 121 1st Street W, Maple Lake, MN 55358 121 1st Street W, Maple Lake, MN 55358 121 1st Street W, Maple Lake, MN 55358 121 1st Street W, Maple Lake, MN 55358 121 1st Street W, Maple Lake, MN 55358 121 1st Street W, Maple Lake, MN 55358 121 1st Street W, Maple Lake, MN 55358 121 1st Street W, Maple Lake, MN 55358 121 1st Street W, Maple Lake, MN 55358 121 1st Street W, Maple Lake, MN 55358 121 1st Street W, Maple Lake, MN 55358 121 1st Street W, Maple Lake, MN 55358 121 1st Street W, Maple Lake, MN 55358 121 1st Street W, Maple Lake, MN 55358 121 1st Street W, Maple Lake, MN 55358 121 1st Street W, Maple Lake, MN 55358 121 1st Street W, Maple Lake, MN 55358 121 1st Street W, Maple Lake, MN 55358 121 1st Street W, Maple Lake, MN 55358 121 1st Street W, Maple Lake, MN 55358

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.

Details
Maps
Contract Information
Status: Active
Contingency: None
Current Price: 365000
Original List Price: 399000
ListPrice: 365000
List Date: 2026-05-21
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1920
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 3
Baths Total: 3
Main Floor Total SqFt: 1517
Above Ground SqFt: 2322
Below Grd Total SqFt: 1472
Total SqFt: 3794
Foundation Size: 1472
Style: (MF) Triplex
Total Finished Sqft: 2322.00
Lot Dimensions: 48x58x47x61
Acres: 0.06
Assessment Pending: No
Location Tax and Other Information
House Number: 121
Street Name: 1st
Street Suffix: Street
Street Direction Suffix: W
Postal City: Maple Lake
County: Wright
State: MN
Zip Code: 55358
Complex/Dev/Subdivision: Original Maple Lake
Assessments
Tax With Assessments: 3960
Basement
Foundation Dimensions: 32x46
Building Information
Finished SqFt Above Ground: 2322
Income and Expenses
Annual Fuel Expense: 2000
Annual Gross Expenses: 10800
Annual Gross Income: 40830
Annual Insurance Expense: 3100
Annual Maintenance Expense: 2100
Annual Net Income: 30030
Annual Water/Sewer Expense: 3600
Total Annual Expenses: 10800
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 26
Section#: 06
Township#: 120
Unit 1
Furnished?: No
Lease Expiration Date: 2027-05-31
Leased?: Yes
Level: 2nd Level
Unit Number: 1
Annual Rent: 13200
Finished SqFt: 697
Full Baths: 1
Monthly Expense: 160
Monthly Rent: 1100
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 5
Unit 2
Furnished?: No
Lease Expiration Date: 2027-03-21
Leased?: Yes
Level: Main Level
Unit Number: 2
Annual Rent: 13200
Finished SqFt: 700
Full Baths: 1
Monthly Expense: 160
Monthly Rent: 1100
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 3
Unit 3
Furnished?: No
Lease Expiration Date: 2027-04-30
Leased?: Yes
Level: Main Level
Unit Number: 3
Annual Rent: 16200
Finished SqFt: 817
Full Baths: 1
Monthly Expense: 160
Monthly Rent: 1350
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 3
Unit Details
Total Units: 3
Property Features
Accessible: None
Amenities Shared: Coin-op Laundry Owned; Common Laundry Facility
Basement: Concrete Block; Partially Finished; Shared Access
Construction Materials: Block; Frame
Construction Status: Previously Owned
Electric: Circuit Breakers
Exterior: Vinyl
Fencing: None
Foundation: Concrete Block
Fuel: Electric; Natural Gas
Heating: Boiler
Laundry: Common Area; In Basement
Parking Characteristics: Driveway - Shared
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Age 8 Years or Less; Asphalt Shingles
Sellers Terms: Cash; Conventional
Sewer: City Sewer/Connected
Stories: One and One Half
Tenant Pays: Electricity
Unit 1 Amenities: Deck
Unit 1 Appliances: Range; Refrigerator
Unit 1 Bath Description: Upper Level Full Bath
Unit 1 Cooling: Window
Unit 2 Appliances: Range; Refrigerator
Unit 2 Bath Description: Main Floor Full Bath
Unit 2 Cooling: Window
Unit 3 Appliances: Range; Refrigerator
Unit 3 Bath Description: Main Floor Full Bath
Unit 3 Cooling: Window
Water: City Water/Connected

Listing Office: Kg Realty

Last Updated: July - 07 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Wednesday 8th of July 2026 08:52 AM

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