For Sale: White Bear Lake MLS# 6825684
Active
$510,000
Multi-family: 2 Stories
6 br • 4 ba • Built 1885
2,646 sqft • 0.378 acres
MLS# 6825684
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Property Description
Prime Duplex Opportunity in White Bear Lake! Don’t miss this fantastic opportunity to own a well-maintained two-unit duplex in a desirable White Bear Lake neighborhood. Perfect for both investors and owner-occupants, this property offers flexibility, strong rental history, and thoughtful updates throughout. The main unit features a spacious 4-bedroom, 2-bath layout, providing generous living space for larger households or higher rental income. The second unit offers a comfortable 2-bedroom, 2-bath design, ideal for tenants seeking convenience and privacy. Both units have been meticulously cared for and include new air-conditioning units and newer appliances, reducing maintenance costs and adding move-in-ready appeal. With excellent income potential, the property allows you to live in one unit and rent the other or operate it as a fully rented investment property. Located close to parks, schools, shopping, and everything White Bear Lake has to offer, this duplex delivers great value in a thriving community. Both units are currently rented: unit 1 lease ends 6/31/26 and unit 2 lease ends 9/30/26.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$510,000
Price per sq ft:
$193
Property Type:
Multi-family
City:
White Bear Lake
Garage Spaces:
2
County:
Ramsey
Year Built:
1885
State:
MN
Property Style:
2 Stories
Zip Code:
55110
Subdivision Name:
Spruce Grove, White Bear, Lake,
Interior
Bedrooms:
6
Bathrooms:
4
Finished Area:
2,646 ft2
Living Area:
2,646 ft2
Refrigerators:
Two
Basement Details:
- Block
- Concrete
Exterior
Stories:
Two
Garage Spaces:
2
Garage Size:
676 ft2
Foundation Size:
1,952 ft2
Fencing:
None
Handicap Accessible:
None
Heating System:
Forced Air
Road Frontage:
- City Street
- Paved Streets
- Sidewalks
Exterior Material:
Frame
Pool:
None
Roof Details:
- Age Over 8 Years
- Architectural Shingle
- Asphalt
Rooms
Laundry:
- Electric Dryer Hookup
- In Unit
- Lower Level
Lot & Land
Acres:
0.378
Geolocation:
45.087807, -93.012267
Lot Dimensions:
71 x 232
Zoning:
Residential-Multi-Family
Schools
School District:
2099
District Phone:
6514077500
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,389
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
All Utilities, Cable TV, Electricity, Gas, Heat, Sewer, Trash Collection, Water
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$7,084
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,084
Income
Annual Gross Income:
$39,000
Misc. Annual Income:
None
Misc. Monthly Income:
None
Rent
Annual Net Income:
$39,000
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
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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 Edina Realty, Inc..
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.