1316 E 2nd St Duluth, MN 55805
East Hillside NeighborhoodEstimated payment $1,683/month
About This Home
Well-maintained and recently refreshed, this strong-performing 5-bedroom, 2-bath single-family rental is a turnkey investment opportunity! Fully leased and properly licensed generating $2,375/month in base rent, plus a $50/month tenant-paid garbage fee, offering simple and predictable income. Tucked further back from the road means more peaceful living and a larger front yard for entertaining! A nice wrap around driveway brings you to an attached 2 stall garage, offering ample parking and flex space. Recent updates include fresh interior paint throughout and kitchen improvements completed last year: featuring new flooring, countertops, and sink. New roof in 2023! Inside and out, this property is ready to go, easy to own and simple to maintain! Ideally located just minutes from the hospital and the UMD campus, this property benefits from consistent rental demand. A solid, low-maintenance asset well-suited for investors seeking reliable cash flow in a prime location.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,077
Year Built
- Built in 1915
Lot Details
- 6,970 Sq Ft Lot
- Lot Dimensions are 50 x 140
Parking
- 2
Interior Spaces
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Listing and Financial Details
- Assessor Parcel Number 010-1480-05150
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,106 | $225,600 | $20,300 | $205,300 |
| 2023 | $3,106 | $201,000 | $23,900 | $177,100 |
| 2022 | $2,282 | $188,600 | $22,500 | $166,100 |
| 2021 | $2,090 | $137,500 | $18,800 | $118,700 |
| 2020 | $1,822 | $128,400 | $17,600 | $110,800 |
| 2019 | $1,700 | $108,600 | $14,900 | $93,700 |
| 2018 | $1,496 | $102,000 | $14,900 | $87,100 |
| 2017 | $1,854 | $95,800 | $14,000 | $81,800 |
| 2016 | $1,808 | $0 | $0 | $0 |
| 2015 | $1,842 | $119,200 | $19,400 | $99,800 |
| 2014 | $1,842 | $119,200 | $19,400 | $99,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/01/2026 03/01/26 | Pending | -- | -- | -- |
| 01/30/2026 01/30/26 | For Sale | $264,900 | -- | $186 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $240,000 | Results Title | |
| Warranty Deed | -- | None Available |
Source: Lake Superior Area REALTORS®
MLS Number: 6123488
APN: 010148005150
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Ask me questions while you tour the home.