Seller's Agent in 2026
Paul Docauer
RE/MAX
(763) 439-8314
1 in this area
42 Total Sales
Excellent cash-flowing rental property located just one block from the main UMD parking lot. This is an ideal opportunity for investors or for parents seeking housing for a student attending UMD or the College of St. Scholastica. Thanks to its highly desirable location, the home has never experienced a vacancy and has been well-maintained. With five bedrooms, the property’s rental income comfortably covers operating expenses and mortgage costs. The main level offers an inviting, open layout, a gas fireplace for cozy evenings and includes an additional refrigerator for tenant convenience. The rental license is active and fully transferable. The floor plan features two bedrooms and a full bath on the main level, along with three bedrooms and a 3/4 bath in the lower level. Most windows were replaced just before the current owners purchased the property. The living room, dining room, and all lower-level lookout windows have been updated within the past 3 years. A significant recent upgrade is the brand-new 2025 boiler, which also functions as an on-demand water heater. This efficient system helps keep heating costs low by eliminating the need to maintain a full tank of hot water and removes the future expense of replacing a traditional water heater. Current rent is $2,875 per month with the lease expiring on May 31, 2026. All tenants are vacating the property. The next 12 month rental cycle is projected at $3,000 per month, still below comparable nearby properties, which typically run $50–$75 higher per room. This is an outstanding opportunity to own a strong, income-producing property while also potentially providing housing for a student with a fully transferable rental license. Let this investment work for you or enjoy it as a regular single family home with excellent proximity to campus.
Last Agent to Sell the Property
RE/MAX Advantage Plus - Blaine Brokerage Phone: Listed on: 03/26/2026
Co-Listed By
Nonmember NONMEMBER
Nonmember Office Brokerage Phone:
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $325,000 | Trademark Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $175,000 | Arrowhead Abstract & Title C | |
| Warranty Deed | $173,900 | Rels | |
| Quit Claim Deed | -- | -- |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $260,000 | New Conventional | |
| Previous Owner | $131,250 | New Conventional | |
| Previous Owner | $34,780 | Credit Line Revolving | |
| Previous Owner | $139,120 | Fannie Mae Freddie Mac |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/01/2026 05/01/26 | Sold | $325,000 | 0.0% | $258 / Sq Ft | |
| 03/27/2026 03/27/26 | Pending | -- | -- | -- | |
| 03/26/2026 03/26/26 | For Sale | $325,000 | +85.7% | $258 / Sq Ft | |
| 04/30/2015 04/30/15 | Sold | $175,000 | 0.0% | $141 / Sq Ft | View Prior Sale |
| 03/27/2015 03/27/15 | Pending | -- | -- | -- | |
| 03/20/2015 03/20/15 | For Sale | $175,000 | -- | $141 / Sq Ft |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $3,798 | $280,300 | $30,800 | $249,500 |
| 2023 | $3,854 | $250,300 | $30,800 | $219,500 |
| 2022 | $3,334 | $237,300 | $29,200 | $208,100 |
| 2021 | $3,108 | $201,500 | $24,800 | $176,700 |
| 2020 | $3,176 | $191,800 | $23,600 | $168,200 |
| 2019 | $2,734 | $190,500 | $23,600 | $166,900 |
| 2018 | $2,224 | $165,000 | $23,600 | $141,400 |
| 2017 | $2,064 | $163,700 | $23,600 | $140,100 |
| 2016 | $2,018 | $49,000 | $49,000 | $0 |
| 2015 | $1,897 | $120,200 | $29,500 | $90,700 |
| 2014 | $1,897 | $120,200 | $29,500 | $90,700 |
Seller's Agent in 2026
Paul Docauer
RE/MAX
(763) 439-8314
1 in this area
42 Total Sales
N
Seller Co-Listing Agent in 2026
Nonmember NONMEMBER
Nonmember Office
Buyer's Agent in 2026
Kevin Kalligher
RE/MAX
(218) 606-0198
8 in this area
270 Total Sales
M
Seller's Agent in 2015
Mike Peller
Gables & Ivy Real Estate
A
Buyer's Agent in 2015
Amy Kranig
Edina Realty Inc - Duluth
Source: Lake Superior Area REALTORS®
MLS Number: 6124189
APN: 010263000440
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