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For Sale:  Duluth MLS# 7042430

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Active NEW!
$275,000
/mo Edit
Multi-family:  Duplex Up and Down
4 br • 2 ba • Built 1916
2,912 sqft • 0.08 acres
Duluth schools
MLS# 7042430
763-576-8286
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    Property Description

    OPPORTUNITY sits quietly just minutes from Canal Park—this duplex delivers the income potential investors are looking for. Positioned in a highly desirable Duluth location, this up/down duplex offers a strong blend of immediate cash flow and long-term equity growth. Each unit features 2 bedrooms and 1 bathroom with functional layouts that consistently attract tenants. Rental income is already in place with the upper unit leased at $1, 095/month and the lower unit bringing in $1, 075/month. The lower unit is currently undergoing updates, including fresh paint and new stainless steel kitchen appliances—providing a clear path to increased rental value and enhanced appeal. Additional highlights include basement laundry with separate washer and dryer for each unit, adding convenience and tenant independence. The currently vacant lower unit also offers flexibility for owner-occupants or investors looking to set new lease terms at market rates. With its prime location, solid rental structure, and value-add potential, this property stands out as a smart addition to any portfolio. Schedule your private showing today and secure your next investment opportunity.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $275,000
    Price per sq ft: $94
    Property Type: Multi-family
    City: Duluth
    Garage Spaces: 0
    County: St. Louis
    Year Built: 1916
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55805
    Subdivision Name: Duluth Proper Third Div

    Interior

    Bedrooms: 4
    Bathrooms: 2
    Finished Area: 2,912 ft2
    Living Area: 2,912 ft2
    Basement Details:
    • Block
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 976 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Shared Amenities: Porch
    Road Frontage: City Street
    Pool: None
    Roof Details: Age Over 8 Years

    Lot & Land

    Acres: 0.08
    Geolocation: 46.793331, -92.101069
    Lot Dimensions: 25 x 140
    Zoning: Residential-Multi-Family

    Schools

    School District: 709
    District Phone: 2183368700

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $2,239
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $2,268

    Income

    Annual Gross Income: $26,040

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    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.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.