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Listed by Neal Jacobi Heirloom Realty, LLC
$349,900
Est. payment /mo
5 Beds
3 Baths
2,388 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,388 sqft
Price per Sqft $146
MLS Listing ID LSA6125077
Bedrooms 5
HOA Y/N No
Year Built 1881
Annual Tax Amount $5,132
Tax Year 2026
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 50 x 140
Property Sub-Type Triplex
Source lsar
Property Description
Turnkey triplex in the heart of East Hillside with two units leased and one vacant. Move in, lease up, or refresh to increase rents. This solid stucco two-story has been well maintained and offers a classic Duluth multi-family footprint with good bones and strong income from day one. Unit 1 is a 2 bed/1 bath leased at $1,125/mo. Unit 2 is a vacant 1 bed/1 bath ready for an owner-occupant or new tenant at market. Unit 3 is a 2 bed/1 bath leased at $1,200/mo. Tenants pay all utilities except electric. Off-street parking on site. At $349,900, this one pencils under the 1% rule at market rents. Walkable to Chester Park, Chester Creek trails, UMD, and downtown Duluth with convenient access to bus service. Strong rental demand in this corridor makes this a low-risk hold with long-term upside.
Location
State MN
County St. Louis County
Area Lsar
Direction Take 3rd east to 1127
Rooms
Basement Full
Interior
Heating Boiler, Natural Gas
Exterior
View Y/N No
Garage No
Building
Story 2
Foundation Stone
Sewer Public Sewer
Water City
Structure Type Stucco
Schools
High Schools Duluth #709
School District Duluth #709
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