For Sale: Duluth MLS# 7160594
Active Contingent
NEW!
$285,000
Multi-family: Fourplex
5 br • 3 ba • Built 1893
2,870 sqft • 0.241 acres
Duluth schools
MLS# 7160594
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Property Description
Solid West End fourplex with steady rental income in Duluth’s Lincoln Park neighborhood, just off Superior Street near the Craft District. The unit mix appeals to a range of renters: one 3BR, one 2BR and two 1BR units. Three units are currently leased through 2027, bringing in $3, 425/month in combined rent. Tenants pay their own electric, trash and fuel, and the owner covers only water and sewer. Off-street parking is a standout for the area, with 6 spaces plus a 2-stall detached garage, all on a 0.24-acre lot. The property has a full stone basement and a current rental license. It’s a strong fit for an investor building a portfolio or an owner-occupant who wants rent from the other units to help cover the mortgage. Call to schedule a showing.
Listing
Listing Status:
Active Contingent
Contingency:
Inspection
List Price:
$285,000
Price per sq ft:
$99
Property Type:
Multi-family
City:
Duluth
Garage Spaces:
2
County:
St. Louis
Year Built:
1893
State:
MN
Property Style:
Fourplex
Zip Code:
55806
Subdivision Name:
Duluth Proper Second Div
Interior
Bedrooms:
5
Bathrooms:
3
Finished Area:
2,870 ft2
Living Area:
2,870 ft2
Basement Details:
Full
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Garage Dimensions:
22x22
Garage Size:
484 ft2
Foundation Size:
1,100 ft2
Foundation Dimensions:
22x50
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Detached Garage
Exterior Material:
Frame
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.241
Geolocation:
46.770273, -92.122489
Lot Dimensions:
75 x 140
Zoning:
Residential-Multi-Family
Schools
School District:
709
District Phone:
2183368700
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$3,781
Annual Fuel Expense:
$5,144
Annual Insurance Expense:
None
Annual Maintenance Expense:
$13,093
Annual Trash Expense:
$1,397
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$3,946
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,946
Income
Annual Gross Income:
$56,543
Misc. Annual Income:
None
Misc. Monthly Income:
None
Rent
Annual Net Income:
$26,552
Units
Total Units:
4
Miscellaneous
Fuel System:
- Electric
- 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.