$399,000
$16K PRICE DROP

Estimated payment $2,541/month

Total Views 25,520
5 Beds
3 Baths
2,592 Sq Ft
$154 Price per Sq Ft

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 Brokerage Phone: Listed on: 10/13/2025

Coldwell Banker Realty - Duluth

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,912

Year Built

  • Built in 1891

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 75x140

Parking

  • 2

Interior Spaces

  • 2,592 Sq Ft Home
  • 2-Story Property

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 010-0190-01320

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,912

Year Built

Built in 1891

Lot Details

10,454 Sq Ft Lot

Parking

2

Listing Details

  • Directions: Turn right onto S 12th Ave E, and turn right onto E 1st St, Tri-plex will be on left
  • Tax Year: 2026
  • Reso Roof: Asphalt Shingle
  • Year Built: 1891
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Lot Size: 75x140
  • Road Frontage Type: City Street, Curbs, Paved Road, Sidewalks, Storm Sewer, Street Lights
  • Co List Office Mls Id: LSA31718
  • Above Grade Finished Sq Ft: 2592
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Owner Pays: Electricity, Fuel, Repairs, Trash Collection, Water, Sewer
  • Total Bedrooms: 5
  • Stories: 2

Exterior Features

  • Construction Type: Aluminum
  • Foundation Details: Concrete

Garage/Parking

  • Parking Features: Off Street, Asphalt

Utilities

  • Sewer: Public Sewer
  • Laundry Features: In Basement
  • Water Source: City

Schools

  • Junior High Dist: Duluth #709

Lot Info

  • Development Status: Previously Owned
  • Parcel Number: 010-0190-01320

Rental Info

  • Tenant Pays: Internet, Cable TV, Snow Removal

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 4912

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

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