For Sale: Duluth MLS# 6804021
Active
NEW!
$415,000
Multi-family: Triplex
Built 1891
2,592 sqft • 0.24 acres
Duluth schools
MLS# 6804021
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Property Description
Now’s your chance to invest in a fully refreshed Tri-Plex that’s ready to start generating income right away! The seller has just completed major updates, investing thousands to bring this property into immediate rentable condition. Fresh paint, new flooring, updated light fixtures, and completed interior and exterior maintenance make this a move-in-ready opportunity for tenants.
This property features three units — one spacious 3-bedroom and two 1-bedroom units. One 1-bedroom is already rented, while the other two are primed and ready for new tenants. Conveniently located near area hospitals, this property offers strong rental potential and quick tenant turnover.
Whether you’re a seasoned investor or just starting out, this is a smart addition to any portfolio. Don’t miss out — schedule your showing today and take advantage of this turnkey investment opportunity!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$415,000
Price per sq ft:
$160
Property Type:
Multi-family
City:
Duluth
Garage Spaces:
2
County:
St. Louis
Year Built:
1891
State:
MN
Property Style:
Triplex
Zip Code:
55805
Subdivision Name:
Banning & Rays Sub In Duluth
Interior
Finished Area:
2,592 ft2
Living Area:
2,592 ft2
Ranges:
Three
Refrigerators:
Three
Basement Details:
- Full
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
20x24
Garage Size:
480 ft2
Foundation Size:
1,146 ft2
Foundation Dimensions:
Irr
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Radiant
Parking Features:
- Asphalt
- Detached
- Parking Lot
Shared Amenities:
Laundry
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Exterior Material:
Aluminum Siding
Roof Details:
- Age 8 Years or Less
- Asphalt
Lot & Land
Acres:
0.24
Geolocation:
46.799544, -92.084282
Lot Dimensions:
75 x 140
Zoning:
Residential-Multi-Family
Lot Description:
Many Trees
Schools
School District:
709
District Phone:
218-336-8700
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1,284
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Gross Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$763
Tenant Expenses:
Cable TV, Snow Removal
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$4,897
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,926
Income
Annual Gross Income:
$55,200
Units
Total Units:
3
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 Coldwell Banker Realty.
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.