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Listed by Jordan DeCaro RE/MAX Results
$359,900
Est. payment /mo
6 Beds
3 Baths
4,244 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,244 sqft
Price per Sqft $84
MLS Listing ID LSA6125910
Bedrooms 6
HOA Y/N No
Year Built 1905
Annual Tax Amount $4,766
Tax Year 2026
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 50x140
Property Sub-Type Triplex
Source lsar
Property Description
This well-maintained triplex offers an outstanding investment opportunity in a highly desirable location near local colleges, medical centers, downtown amenities, and major employment hubs. Featuring three licensed rental units, the property provides strong income potential, flexibility, and long-term rental appeal. Unit 1 is currently vacant and being marketed for rent at $1,600 per month with the owner paying utilities, offering an excellent opportunity to secure a new tenant at market rent or occupy the unit yourself. Unit 2 is leased at $1,300 per month through July 30, 2027, providing stable long-term income. Unit 3 is currently vacant and being marketed for rent at $1,200 per month with all utilities included, creating additional upside for future cash flow. All three units have solid rental histories, and the property maintains a current rental license. Tenants enjoy comfortable living spaces, ample off-street parking, and shared access to a full basement with laundry facilities accessible through a secure coded exterior entrance—an uncommon and highly desirable amenity for rental properties in this area. Whether you're looking to expand your investment portfolio, occupy one unit while generating income from the others, or secure a versatile multi-family property in a strong rental market, this triplex checks all the boxes. With two vacant units offering immediate leasing or owner-occupancy opportunities and one unit providing stable income through 2027, this property presents an attractive combination of flexibility and investment potential. Schedule your showing today!
Location
State MN
County St. Louis County
Area Lsar
Direction E on 4th St to 1511 E 4th St
Rooms
Basement Full
Interior
Heating Boiler, Natural Gas
Laundry In Basement
Exterior
View Y/N No
Roof Type Asphalt Shingle
Garage No
Building
Story 3
Foundation Stone
Sewer Public Sewer
Water City
Structure Type Wood
Schools
High Schools Duluth #709
School District Duluth #709
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Nearby Locations
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