$475,000
$75K PRICE DROP

Estimated payment $2,970/month

Total Views 33,128
4 Beds
5 Baths
4,828 Sq Ft
$98 Price per Sq Ft

About This Home

Own a little piece of Duluth with this rare find 5 unit apartment complex near Lake Superior boardwalk. All units are rented and the roof have been recently replaced. Three studio units, a single one bedroom and a single three bedroom. Rents total $5400/month. Owner pays utilities. Beautiful hardwoods and spacious apartments ranging from 444 sq ft to 1090 sq ft. Near the University of Minnesota Duluth and College of St. Scholastica in Duluth’s East End. The East End offers a variety of parks, restaurants, shops, and cafes. Leif Erikson Park/Duluth Rose Garden offers access to exceptional views of Lake Superior, and close proximity to Lake walk and Downtown. Very near Chester Creek offering hikers stunning waterfall views and hiking. Possible Seller Financing Option

Listing Agent

Corrine Hobbs

Edina Realty, Inc. - Duluth Brokerage Phone: License #MN 20574811|WI 72210-94 Listed on: 08/20/2025

Edina Realty, Inc. - Duluth

Co-Listing Agent

Everett Gamst

Edina Realty, Inc. - Duluth Brokerage Phone:

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,238

Year Built

  • Built in 1893

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50x100

Home Design

  • 4,828 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • The owner pays for fuel, lawn care, repairs, trash collection, water, sewer
  • Assessor Parcel Number 010-1480-04880

Community Details

Overview

  • 5 Units

Building Details

  • Insurance Expense $3,912
  • Trash Expense $150
  • Gross Income $65,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,238

Year Built

Built in 1893

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Directions: 1426 E 1st Street
  • Tax Year: 2025
  • Reso Roof: Asphalt Shingle
  • Year Built: 1893
  • Property Sub Type: Multi-Family 5+
  • Property Type: Residential Income
  • Lot Size: 50x100
  • Co List Office Mls Id: LSA25
  • Co List Office Phone: 218-728-7700
  • Co List Office Mls Id: LSA25
  • Above Grade Finished Sq Ft: 4828
  • Special Features: None
  • Stories: 0

Interior Features

  • Owner Pays: Fuel, Lawn Care, Repairs, Trash Collection, Water, Sewer, Other
  • Total Bedrooms: 4

Exterior Features

  • Construction Type: Vinyl
  • Foundation Details: Rock, Stone

Utilities

  • Sewer: Public Sewer
  • Water Source: City

Fee Information

  • Trash Expense: 150

Schools

  • Junior High Dist: Duluth #709

Lot Info

  • Development Status: Previously Owned
  • Parcel Number: 010-1480-04880
  • Zoning Description: Business/Commercial

Rental Info

  • Tenant Pays: Internet

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 65400
  • Insurance Expense: 3912

Tax Info

  • Tax Annual Amount: 5238

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2026 05/08/26 Price Changed $475,000 -5.0% $98 / Sq Ft
11/05/2025 11/05/25 Price Changed $500,000 -9.1% $104 / Sq Ft
08/20/2025 08/20/25 For Sale $550,000 -- $114 / Sq Ft
Source: Lake Superior Area REALTORS®

Source: Lake Superior Area REALTORS®

MLS Number: 6121429

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