$399,000
$16K PRICE DROP

Estimated payment $2,480/month

Total Views 18,307
5 Beds
3 Baths
2,592 Sq Ft
$154 Price per Sq Ft

Highlights

  • 0.24 Acre Lot
  • Property is near public transit
  • 2 Car Detached Garage
  • East High School Rated 10
  • No HOA
  • Landscaped with Trees

About This Home

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, 1-bedroom, and 1 efficiency. 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 Agent

Tommy Archer

Coldwell Banker Realty - Duluth Listed on: 10/13/2025

Coldwell Banker Realty - Duluth

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,897

Year Built

  • Built in 1891

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 75x140
  • Landscaped with Trees

Parking

  • 2 Car Detached Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Triplex
  • Concrete Foundation
  • Asphalt Shingled Roof
  • Aluminum Siding
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,592 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Laundry in Basement

Location

  • Property is near public transit

Utilities

  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 010-0190-01320

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,897

Year Built

Built in 1891

Lot Details

0

Parking

2

Listing Details

  • Class: MULTI-FAMILY
  • Directions: Turn right onto S 12th Ave E, and turn right onto E 1st St, Tri-plex will be on left
  • L O1 Office Phone1 Number: 218-728-5161
  • Taxes With Assessments: 4926
  • Tax Year: 2025
  • Lot Description Waterfront: No
  • Amenities4: Washer/Dryer Hookups
  • Appliances 1: Dishwasher, Microwave, Range/Stove, Refrigerator
  • Appliances 2: Dishwasher, Microwave, Range/Stove, Refrigerator
  • CondoPropertyType: Up & Down
  • Mfg And Park Info Construction Type: Concrete Block
  • FinFootageAboveGrade: 2592
  • Garage Type: Detached
  • Heat: Natural Gas
  • Laundry: Basement
  • Parking Number Garage Spaces: 2
  • Reso Roof: Asphalt Shingles
  • TotalBedrooms: 5
  • MediaType: Triplex
  • Year Built: 1891
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances 3: Dishwasher, Microwave, Range/Stove, Refrigerator
  • Basement Features: Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Stories: 2 Story
  • Total Bathrooms: 3
  • Total Fin Square Footage: 2592

Exterior Features

  • Road Frontage: City, Curb/Gutters, Paved, Sidewalk, Storm Sewer, Street Lights
  • Construction Status: Previously Owned
  • Exterior: Aluminum

Garage/Parking

  • Parking Driveway: Off Street, Driveway - Asphalt

Utilities

  • Power Company: Minnesota Power
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Duluth #709

Lot Info

  • Estimated Lot Dimensions: 75x140
  • Estimated Number of Acres: 0.24
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Pub. Trans (w/in 6 blks), Tree Coverage - Medium
  • Parcel Number: 010-0190-01320

Rental Info

  • Lease Terms: Cash, Conventional
  • Tenant Expense: Internet Service, Cable TV, Snow

Tax Info

  • Tax Amount: 4897

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,926 $293,100 $29,900 $263,200
2023 $4,926 $259,500 $35,600 $223,900
2022 $4,496 $245,900 $33,600 $212,300
2021 $3,292 $166,500 $24,200 $142,300
2020 $3,388 $166,500 $24,200 $142,300
2019 $2,872 $166,500 $24,200 $142,300
2018 $2,702 $142,100 $21,000 $121,100
2017 $3,302 $142,100 $21,000 $121,100
2016 $3,212 $1,038,600 $99,000 $939,600
2015 $3,281 $174,300 $25,900 $148,400
2014 $3,281 $174,300 $25,900 $148,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2025 12/15/25 Price Changed $399,000 -3.9% $154 / Sq Ft
10/13/2025 10/13/25 For Sale $415,000 -- $160 / Sq Ft
Source: Lake Superior Area REALTORS®

Source: Lake Superior Area REALTORS®

MLS Number: 6122443