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Listed by Jordan DeCaro RE/MAX Results
$549,900
Est. payment /mo
10 Beds
3 Baths
3,183 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,183 sqft
Price per Sqft $172
MLS Listing ID LSA6125522
Bedrooms 10
HOA Y/N No
Year Built 1910
Annual Tax Amount $6,358
Tax Year 2026
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 75X140
Property Sub-Type Duplex
Source lsar
Property Description
Welcome to 1432 E 4th St- a high-performing duplex investment opportunity located in the heart of Duluth's East Hillside neighborhood near local colleges, downtown Duluth, and Lake Superior. This spacious multi-unit property offers an ideal setup for student housing or long-term rentals with strong income potential and a functional layout designed to accommodate large tenant groups. Situated on a lot and a half, the property also offers ample off-street parking for residents, a highly desirable feature for multi-tenant housing. The property also features a newer roof, adding additional value and peace of mind for future ownership. This classic Duluth property has been meticulously maintained and is filled with amazing character, beautiful original woodwork, and stunning hardwood floors throughout, offering timeless charm that tenants appreciate while showcasing the pride of ownership carried throughout the property. The upper unit features 5 bedrooms and 1 bathroom, including 3 bedrooms on the main level and a large upper finished attic space that features 2 additional bedrooms, along with a fireplace that adds warmth and character to the living space. The upper unit also includes two refrigerators and a dishwasher, providing added convenience for larger tenant groups. The lower unit offers 5 bedrooms, with 2 bedrooms located on the main floor and an additional 3 bedrooms on the lower level, providing excellent flexibility and rental capacity. The lower unit also features its own fireplace, along with two refrigerators and a dishwasher. Both fireplaces are non-functional and serve as decorative features only, adding character without operational use. The building is serviced by two separate boilers, allowing independent heating systems for each unit. A common laundry area located in the basement is shared between both units for added convenience. The property is currently leased for $4,700 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 rental income and stability for the next owner. In addition to its strong investment performance, the property could also make an excellent future owner-occupied opportunity once current tenants move out, offering flexibility for a variety of ownership goals.
Location
State MN
County St. Louis County
Area Lsar
Direction 4th St, to property.
Rooms
Basement Full
Interior
Heating Boiler, Natural Gas
Laundry Share, In Basement
Exterior
Parking Features Off Street, Asphalt
View Y/N Yes
View City Lights
Roof Type Asphalt Shingle
Garage No
Building
Story 3
Foundation Stone
Sewer Public Sewer
Water City
Structure Type Brick
Schools
High Schools Duluth #709
School District Duluth #709
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