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Alexander Dempsey

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

Listed by Jordan DeCaro RE/MAX Results

$404,900

Est. payment - /mo

6 Beds

3 Baths

2,300 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,300 sqft

Price per Sqft $176

MLS Listing ID LSA6125519

Style Traditional

Bedrooms 6

Full Baths 1

Three Quarter Bath 2

HOA Y/N No

Year Built 1902

Annual Tax Amount $5,062

Tax Year 2026

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 32X138

Property Sub-Type Single Family Detached

Source lsar

Property Description

Welcome to 1931 E Superior St — a prime investment opportunity located in the heart of Duluth's desirable East Hillside neighborhood. This spacious 6-bedroom, 3-bath property offers over 2,300 square feet across three finished levels and has proven to be an exceptional long-term rental asset with no vacancy for nearly 30 years. Its close proximity to local colleges, downtown Duluth, Lake Superior, restaurants, and trail systems makes it an ideal setup for student housing and strong long-term rental demand. The home features a functional layout with multiple living spaces, generously sized bedrooms, and flexible bonus areas that appeal to a wide tenant base. All six bedrooms are large in size, providing comfortable accommodations for renters, while abundant windows throughout bring in natural light and preserve the classic character of the home. The third floor offers great views of Lake Superior, adding additional appeal and character to the property. The home has seen several key updates, including a newer roof, newer siding, new windows, and a new boiler, along with ample off-street parking and newly installed concrete sidewalks in the rear for improved access and durability. The property also includes two refrigerators and a dishwasher, adding convenience and functionality for tenants. Adding further long-term value, the property is also wired and plumbed with potential to be configured as a triplex, offering future flexibility and upside for investors. The property is currently leased for $3,780 per month with tenants paying all utilities, creating strong cash flow potential and low owner expense responsibility. Current lease terms run from June 1, 2026 through May 19, 2027, offering immediate and stable rental income for the next owner. With its established rental history, consistent occupancy, desirable location near colleges, strong income potential, and future conversion flexibility, 1931 E Superior St presents an outstanding opportunity for investors seeking a proven and dependable Duluth rental property.

Location

State MN

County St. Louis County

Area Lsar

Direction Head east on E Superior St for approximately 2 miles - the home will be located on the left-hand side near the East Hillside/Chester Park area.

Rooms

Basement Full

Interior

Heating Boiler, Natural Gas

Fireplace false

Exterior

View Y/N No

Roof Type Asphalt Shingle

Garage No

Building

Story 3

Foundation Stone

Sewer Public Sewer

Water City

Architectural Style Traditional

Structure Type Vinyl

Schools

High Schools Duluth #709

School District Duluth #709

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Alexander Dempsey

+1(715) 681-2879

Team Lead

1931 E Superior St Duluth, MN 55812

Alexander Dempsey

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Nearby Locations

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