$250,000

Estimated payment $1,606/month

5 Beds
3 Baths
2,250 Sq Ft
$111 Price per Sq Ft

Highlights

  • Deck
  • Front Porch
  • Forced Air Heating System
  • Corner Lot

About This Home

Cash flowing triplex. Full occupancy, great location close to downtown. 2 BR's, 1 bath in the middle and upper unit. 1BR in the lower unit. Middle unit has a large pantry that is big enough for a 3rd bedroom. Water Heater was new in 2021. The upper unit has a deck off the back and the middle unit has a front porch. The lower unit has a front sitting area as well. Tenants pay electric. Up the hill a bit so some views of the lake and harbor area. Rents total $41,400 per year - Upper unit $1,200, Middle unit $1,300 and Lower unit is $950/month. Total 2024 expenses = $15,481. Don't miss this great investment opportunity or great for an owner occupant. Financials listed are for the current tenants moving forward. See supplements for previous years P/L - lots of deferred maintenance completed on the building in this owners tenure. 1 water heater for lower level unit and 1 for the middle and upper units. 1 forced air furnace and lower level unit has a supplemental source. No laundry on site. Unit 1 & 2 pay electric, unit 3 is on the house meter. Tenants handle snow removal. Owner handles lawn.

Listing Agent

David Meyer

RE/MAX Advantage Plus Listed on: 12/09/2025

RE/MAX Advantage Plus

Co-Listing Agent

Paul Docauer

RE/MAX Advantage Plus

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,528

Year Built

  • Built in 1884

Lot Details

  • Lot Dimensions are 25x140x25x140
  • Corner Lot
  • Few Trees

Home Design

  • Triplex

Interior Spaces

  • 2-Story Property
  • Finished Basement
  • Basement Window Egress

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Deck
  • Front Porch

Utilities

  • Forced Air Heating System

Community Details

  • 3 Units
  • Duluth Proper 1St Div East 6Th Street Subdivision

Listing and Financial Details

  • The owner pays for gas, heat, repairs, sewer, trash collection, water
  • Assessor Parcel Number 010103000340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,528

Year Built

Built in 1884

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Triplex
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1884
  • Above Grade Finished Sq Ft: 1800
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Egress Window(s), Finished
  • Living Area: 2250
  • Below Grade Finished Sq Ft: 450
  • Owner Pays: Gas, Heat, Repairs, Sewer, Trash Collection, Water
  • Basement YN: Yes
  • Appliances: Range, Refrigerator
  • Appliances: Range, Refrigerator
  • Appliances: Range, Refrigerator
  • Total Rooms: 6

Beds/Baths

  • Total Bedrooms: 5

Exterior Features

  • Roof: Age Over 8 Years, Asphalt
  • Fencing: None
  • PatioPorchType: Deck, Front Porch

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Schools

  • Junior High Dist: Duluth
  • SchoolDistrictPhone: 2183368700

Lot Info

  • Lot Size: 25x140x25x140
  • Land Lease: No
  • Lot Features: Corner Lot, Tree Coverage - Light
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Units Total: 3

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 010103000340
  • Tax Annual Amount: 3528
  • TaxWithAssessments: 3528

Multi Family

  • TenantPays: Cable TV, Electricity, Telephone
  • Number Of Refrigerators: Three

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 Prior Sale
12/10/2025 12/10/25 Price Changed $250,000 +11.1% $111 / Sq Ft
12/09/2025 12/09/25 For Sale $225,000 0.0% $100 / Sq Ft
08/01/2024 08/01/24 For Rent $1,200 0.0% --
12/07/2021 12/07/21 Sold $180,000 -2.7% $64 / Sq Ft View Prior Sale
09/20/2021 09/20/21 Pending -- -- --
07/19/2021 07/19/21 For Sale $184,999 +85.0% $65 / Sq Ft
01/17/2020 01/17/20 Sold $100,000 +0.1% $40 / Sq Ft View Prior Sale
01/03/2020 01/03/20 Pending -- -- --
11/25/2019 11/25/19 For Sale $99,900 -- $40 / Sq Ft
Source: NorthstarMLS

Source: NorthstarMLS

MLS Number: 6824616

NorthstarMLS