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Alexander Dempsey

alex@inter-state.realestate +1(715) 681-2879

Listed by Tracey Tellor Tellor Realty LLC

$229,000

Est. payment - /mo

5 Beds

2 Baths

2,165 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,165 sqft

Price per Sqft $105

MLS Listing ID LSA6124419

Bedrooms 5

HOA Y/N No

Year Built 1908

Annual Tax Amount $3,292

Tax Year 2026

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 105x35

Property Sub-Type Duplex

Source lsar

Property Description

New Rent Roll: $1100 upper & $1450 Lower Purchase a duplex with rent producing until July 2027 Investor Opportunity Near UMD/Scholastica – Value-Add Duplex on 4th St! Prime location just minutes from University of Minnesota Duluth and The College of St. Scholastica, making this a strong rental demand area. This duplex offers immediate upside potential through rent increases and utility optimization. Upper Unit: 1 bedroom on main level + den/office + walk-up attic bedroom. Open living/dining area, full bath, and additional exterior storage access. Lower Unit: 3 bedrooms, full bath, separate living room and kitchen layout ideal for student or shared housing. License Number: LS-2-0067 Expires 7/1/2027 Income & Expenses: Current rents:$1100/mo Lower & $1450 Upper Electric paid by tenants $340/month total ($165 upper / $175 lower) 2026 Property Taxes: $3,292/year Utilities (owner paid): approx. $81 gas / $56 water / $64 sewer per month Separate electric meters already in place Mechanical/Additional Features: Natural gas furnace Coin-operated washer/dryer for added income potential Additional washer/dryer hookups Separate basement entrance Investment Highlights: High-demand rental corridor near colleges Clear path to increased cash flow with rent adjustments in 2027 Ability to restructure utility responsibilities to improve NOI Ideal for house-hack, student rental, or long-term hold Current tenants pay electric only there are 2 meters $165/mo & $175/mo avg. Comfort Systems Consumption report available Showings: Upper Tenant prefers showings after 4pm. Lower Level is resistant to showings-decor and condition is similar to upper unit but in earth tone colors. Basement is available. Street Parking only for this property Garbage is picked up in the back alley crossing the back neighbors driveway Side Door is to the basement- utilities and Coin Laundry Excellent opportunity to reposition and maximize returns in a proven rental location.

Location

State MN

County St. Louis County

Area Lsar

Direction Street Parking Only is on 4th St- home on Upper side

Rooms

Basement Full

Interior

Heating Boiler, Natural Gas

Laundry Coin Operated Owned

Exterior

Parking Features On Street

Amenities Available Deck

View Y/N Yes

View Lake Superior

Roof Type Asphalt Shingle

Garage No

Building

Lot Description High

Story 2

Foundation Stone

Sewer Public Sewer

Water City

Structure Type Vinyl

Schools

High Schools Duluth #709

School District Duluth #709

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Alexander Dempsey

+1(715) 681-2879

Team Lead

1507 E 4th St Duluth, MN 55812

Alexander Dempsey

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Nearby Locations

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