For Sale: Duluth MLS# 7123750
Active
NEW!
$655,000
Multi-family: Fourplex
4 br • 1 ba • Built 1891
3,032 sqft • 0.34 acres
Duluth schools
MLS# 7123750
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Property Description
Experience this well-maintained Victorian four-plex, an ideal owner-occupancy opportunity or 1031 exchange investment with clean title, clear financials, and a flexible closing timeline. Blending historic architectural charm with modern rental stability, this property is positioned for immediate cash flow and long-term equity growth. In addition to the four residential units, a carriage house above the garage offers exciting potential for a fifth income-producing unit. The property also features a heated two-stall garage and dedicated workshop space, providing added functionality and value. Investors will appreciate the adjacent buildable lot, which presents the opportunity for future multifamily development and additional income potential. Ample off-street parking accommodates residents and guests with ease. The location is highly desirable for both tenants and owner-occupants, situated on a city bus route and within walking distance of the Lakewalk, Canal Park, and St. Luke’s and Essentia Health facilities. This rare offering combines character, convenience, expansion potential, and strong investment fundamentals in one exceptional property.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$655,000
Price per sq ft:
$216
Property Type:
Multi-family
City:
Duluth
Garage Spaces:
2
County:
St. Louis
Year Built:
1891
State:
MN
Property Style:
Fourplex
Zip Code:
55812
Subdivision Name:
Endion Div Of Duluth
Interior
Bedrooms:
4
Bathrooms:
1
Finished Area:
3,032 ft2
Living Area:
3,032 ft2
Basement Details:
- Crawl Space
- Partially Finished
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
22x22
Garage Size:
74 ft2
Foundation Size:
1 ft2
Foundation Dimensions:
IRREG
Fencing:
Full
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Parking Features:
- Detached Garage
- On-Street Parking Only
Road Frontage:
- City Street
- Paved Streets
- Sidewalks
Exterior Material:
Frame
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.34
Geolocation:
46.804076, -92.076426
Lot Dimensions:
100 x 150
Zoning:
- Residential-Multi-Family
- Residential-Single Family
Lot Description:
- Irregular Lot
- Public Transit (w/in 6 blks)
Schools
School District:
709
District Phone:
2183368700
Expenses
Annual Caretaker Expense:
$1
Annual Electric Expense:
$1
Annual Fuel Expense:
$1
Annual Insurance Expense:
$1
Annual Maintenance Expense:
$1
Annual Trash Expense:
$1
Annual Water/Sewer Expense:
$1
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$5,308
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,308
Income
Annual Gross Income:
$1
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Edina Realty, Inc. - Duluth.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.