For Sale: Duluth MLS# 7014521
Active
NEW!
$349,900
Multi-family: Four Plex
5 br • 4 ba • Built 1911
2,178 sqft • 0.041 acres
MLS# 7014521
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Property Description
This building offers classic Duluth charm with strong income potential in the heart of Central Hillside. This 1911 multi-family property features approximately 2, 178 sq ft with four total units, offering a mix of 5 bedrooms and 4 baths across the building, creating excellent flexibility for tenants or an owner-occupant. High ceilings, large windows, and an efficient floor plan give each unit a bright, comfortable feel. Residents appreciate the urban convenience of this location, just minutes from downtown, the medical district, colleges, and Lakewalk access, with nearby transit, parks, and local amenities enhancing everyday living. The compact lot keeps exterior maintenance manageable while still providing a sense of neighborhood streetscape and walkability. Whether you are expanding your portfolio or looking for a well-located property with established rental history, 517 E 5th St stands out as a solid, centrally situated Duluth opportunity.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$349,900
Price per sq ft:
$161
Property Type:
Multi-family
City:
Duluth
Garage Spaces:
0
County:
St. Louis
Year Built:
1911
State:
MN
Property Style:
Four Plex
Zip Code:
55805
Subdivision Name:
Duluth Proper 1st Div East 5th Street
Interior
Bedrooms:
5
Bathrooms:
4
Finished Area:
2,178 ft2
Living Area:
2,178 ft2
Basement Details:
Full
Exterior
Stories:
Two
Garage Spaces:
0
Garage Dimensions:
0
Garage Door Height:
0
Garage Door Width:
0
Foundation Size:
2,178 ft2
Foundation Dimensions:
22x44+22x44+6x8+7x11+5x22
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
On-Street Parking Only
Lot & Land
Acres:
0.041
Geolocation:
46.795695, -92.096979
Lot Dimensions:
25 x 73
Zoning:
Residential-Multi-Family
Schools
School District:
2223
District Phone:
2183368700
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$2,220
Annual Fuel Expense:
$1,760
Annual Insurance Expense:
None
Annual Maintenance Expense:
$12,560
Annual Trash Expense:
$2,039
Annual Water/Sewer Expense:
$3,104
Tenant Expenses:
Trash Collection
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$4,450
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$4,479
Income
Annual Gross Income:
$25,731
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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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 RE/MAX Results.
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.