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For Sale:  Balsam Lake MLS# 7099596

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Active
$449,900
/mo Edit
Multi-family:  Triplex
6 br • 3 ba • Built 2000
2,016 sqft • 3.04 acres
MLS# 7099596
763-576-8286
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    Property Description

    Rare opportunity to own three separate single family homes on one parcel no shared walls, no shared headaches. Each unit offers 2 bedrooms, 1 bathroom, and approximately 672 sq ft of updated living space, making this an ideal setup for investors or owner-occupants looking to offset their mortgage. All three homes have been extensively updated during current ownership, including new flooring throughout, updated windows and doors (2026), new washer and dryer in each unit, and a new well pump (2026). Property also features a new water filtration system serving the homes. All units are electric for simplified utility management. Strong, consistent income with minimal vacancy. Each unit rents for $1, 350/month plus $50/month per pet, generating over $48, 000 annually in gross revenue. Situated on 3 acres, the property offers additional space and potential for future expansion or added amenities. Whether you’re looking to expand your portfolio with a low maintenance asset or live in one unit while the others pay your mortgage, this is a clean, income-producing property with built-in upside.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $449,900
    Price per sq ft: $223
    Property Type: Multi-family
    City: Balsam Lake
    Garage Spaces: 0
    County: Polk
    Year Built: 2000
    State: WI
    Property Style: Triplex
    Zip Code: 54810

    Interior

    Bedrooms: 6
    Bathrooms: 3
    Finished Area: 2,016 ft2
    Living Area: 2,016 ft2
    Refrigerators: Three
    Basement Details: None

    Exterior

    Stories: One
    Garage Spaces: 0
    Foundation Size: 672 ft2
    Foundation Dimensions: 28x24
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Baseboard
    • Ductless Mini-Split
    Parking Features:
    • Driveway - Other Surface
    • More Parking Onsite for Fee
    • Open
    Road Frontage: County Road
    Exterior Material:
    • Concrete
    • Frame
    Roof Details: Asphalt

    Rooms

    Laundry:
    • Electric Dryer Hookup
    • In Unit
    • Laundry Closet
    • Washer Hookup

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 3.04
    Geolocation: 45.467427, -92.383053
    Lot Dimensions: 3.04
    Zoning:
    • Business/Commercial
    • Residential-Multi-Family

    Schools

    School District: W238
    District Phone: 7158253515

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $7,381
    Annual Fuel Expense: None
    Annual Insurance Expense: $2,068
    Annual Maintenance Expense: $2,497
    Annual Trash Expense: $915
    Annual Water/Sewer Expense: $1,320
    Tenant Expenses: Broadband, Cable TV

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $2,623
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $2,623

    Income

    Annual Gross Income: $48,650

    Rent

    Annual Net Income: $30,186

    Units

    Total Units: 3

    Miscellaneous

    Fuel System: Electric
    Owner Occupied: No
    Sewer System:
    • Holding Tank
    • Private Sewer
    Water System:
    • Private
    • Well

    Mortgage Calculator

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    Payment:  /mo

    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!

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    Listing provided by RMLS, courtesy of EXP Realty, LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.