240 Hallam Avenue S Mahtomedi, MN ^$ 800,000

240 Hallam Avenue S

^$ 800,000

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240 Hallam Avenue S

Mahtomedi, MN, 55115

^$ 800,000

Bedrooms12 Baths4.0 Sq 4,352

Monthly Estimate*

^$ 5,525

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Multi-Family Home for sale in Mahtomedi, MN

for $800,000 with 12 bedrooms and 4 full baths. This 4,352 square foot home was built in 1985 on a lot size of 1.14.

Here's your chance to own 3 separate fourplexes in the highly desirable Mahtomedi School District. These buildings don’t come a long very often. Very easy to rent 3bedroom and 1 bath units. 3 of the 4 units have been updated and are in excellent condition. New kitchens and baths. Long term owners have kept rents low and can be easily raised. Well cared for and managed. Quiet area with lots of green space. Tandem garage and decks for each unit.

Multi-Family Pending

Price

^$ 800,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 7,542

Style

Fourplex

Lot Size

1.14

Year Built

1985

Town/City

Mahtomedi

County/Region

Washington

MLS | Web ID

7145431

Features

General

Living Area 4352

Sewer City Sewer/Connected

Heating Forced Air

Roof Age Over 8 Years

Garage Spaces 4

Construction Materials Block

Year Built 1985

Tenant Pays Cable TV Electricity Gas Heat Telephone

Levels More Than 2 Stories

Property Subtype Fourplex

Tax Year 2025

Gross Income 82140

Accessibility None

County Washington

Net Operating Income 54704

Operating Expense 0

Insurance Expense 5950

New Construction N

Property Type Residential Income

Contingency None

MaintenanceExpense 0

Subdivision Name Mallard Shores

Directions Highway 36 to Hilton Trail to Hallam Ave

City Mahtomedi

High School District Mahtomedi

Zoning Description Residential-Multi-Family

Number Of Units Total 4

Lot Size Units Acres

Land Lease Y/N N

Tax Annual Amount 7542

Electric Expense 864

Fuel Expense 0

Trash Expense 1296

Water Sewer Expense 2364

Additional Parcels Y/N N

Standard Status Pending

Lender Owned No

Interior

Basement Block

Basement (Y/N) Y

Above Grade Finished Area 4352

Laundry Features Lower Level

Total Bedrooms 12

Below Grade Finished Area 0

Total Baths 4

Fuel Natural Gas

Garage Square Feet 0

Exterior

Parking Features Tuckunder Garage

Water Source City Water/Connected

Lot Size Area 1.14

Building Area Total 4352

Lot Dimensions 31x285x309x474

Waterfront Y/N N

Foundation Area 2200

Internal Only

Street Number 1 240

* Excluded Features

List By

Keller Williams Premier Realty

Broker

brigg@briggbacker.com

Affordability Calculator

$6,154

Per Month

Monthly Principal & Interest: $5,525
Monthly Property Taxes: $629
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Mahtomedi, MN

Average List Price ^$791,667

Percent of Sale Price 1%

About Mahtomedi, MN

7,987 Population

7% Since 2002

^$91,749 Median Income

46.6 Median Age

35% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

708774 Elementary School

709285 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/16/2026	$800,000		Listed Price

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240 Hallam Avenue S, Mahtomedi, MN, 55115 is a Multi-Family Home for sale at $800,000 with 4,352 sqft and a lot size of 1.14. 240 Hallam Avenue S has 12 bedrooms, 4.0 baths, and was built in 1985. The property's zip code is 55115 which is in Mahtomedi, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 10/15/2026.

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240 Hallam Avenue S

Multi-Family Home for sale in Mahtomedi, MN

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