For Sale: Duluth MLS# 7080469
Active
$549,900
Multi-family: Duplex Up and Down
10 br • 3 ba • Built 1910
3,183 sqft • 0.24 acres
Duluth schools
MLS# 7080469
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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.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$549,900
Price per sq ft:
$173
Property Type:
Multi-family
City:
Duluth
Garage Spaces:
0
County:
St. Louis
Year Built:
1910
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55805
Subdivision Name:
Endion Div Of Duluth
Interior
Bedrooms:
10
Bathrooms:
3
Finished Area:
3,183 ft2
Living Area:
3,183 ft2
Basement Details:
- Partially Finished
- Walkout
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
0
Garage Dimensions:
0
Garage Door Height:
0
Garage Door Width:
0
Foundation Size:
3,183 ft2
Foundation Dimensions:
26X46+7X11
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
- Asphalt
- On-Street Parking Only
Rooms
Shared Rooms:
Other
Laundry:
In Basement
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.24
Geolocation:
46.803618, -92.083748
Lot Dimensions:
75 x 140
Addl Parcels:
010148006720
Zoning:
Residential-Single Family
Schools
School District:
709
District Phone:
2183368700
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1,320
Annual Fuel Expense:
$1,164
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
$120
Annual Water/Sewer Expense:
$1,979
Tenant Expenses:
Electricity, Fuel, Sewer, Snow Removal, Trash Collection, Water
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$6,358
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$6,392
Income
Annual Gross Income:
$56,400
Rent
Annual Net Income:
None
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Power Company Name:
Minnesota Power
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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 RE/MAX Results.
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.