$399,900

2403 & 2407 W 3rd St Duluth, MN 55806

Lincoln Park Neighborhood

Estimated payment $2,655/month

8 Beds
4 Baths
3,830 Sq Ft
$104 Price per Sq Ft

Highlights

  • Public Water Access
  • 0.21 Acre Lot
  • 3-minute walk to Lincoln Park

About This Home

Exceptional investment opportunity featuring two side-by-side duplexes with strong cash flow. Both properties are structurally and mechanically sound, but could be improved with cosmetic updates. Priced well below the 1% rule, these income-producing properties present an attractive opportunity for investors seeking strong cash flow and upside. Includes convenient coin-operated laundry, providing an additional income stream. Whether you're looking to expand your portfolio or invest in a multi-property package, this is a rare chance to acquire four rental units at an attractive price with significant potential.

Listing Agent

Adam Paulson

RE/MAX Results Brokerage Phone: Listed on: 07/17/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,778

Year Built

  • Built in 1903

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 90x100

Parking

  • No Garage

Home Design

  • Stone Foundation
  • Concrete Fiber Board Siding
  • Asphalt

Interior Spaces

  • 3,830 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Public Water Access

Community Details

  • 4 Units

Listing and Financial Details

  • The owner pays for fuel, lawn care, trash collection
  • Assessor Parcel Number 010-1180-01580, 010-1180-01570, 010-1180-01560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,778

Year Built

Built in 1903

Lot Details

9,148 Sq Ft Lot

Listing Details

  • Directions: from freeway take 27th ave w exit to right on 3rd ave w to propery on left.
  • Tax Year: 2026
  • Year Built: 1903
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • LotSizeAcres: 0.21
  • Lot Size: 90x100
  • Co List Office Mls Id: LSA31196
  • Above Grade Finished Sq Ft: 3830
  • Living Area: 3830
  • LSA_Foreclosure: No
  • LSA_Auction: No
  • LSA_ManagementCompany: ***
  • LSA_LeasedLand: Owned
  • LSA_CondoType: Multiple Buildings
  • Special Features: None

Interior Features

  • Owner Pays: Fuel, Lawn Care, Trash Collection
  • Total Bedrooms: 8
  • Stories: 2

Exterior Features

  • Construction Type: Fiber Board, Asphalt
  • Foundation Details: Stone

Garage/Parking

  • LSA_GarageType: None

Utilities

  • Sewer: Public Sewer
  • Water Source: City

Schools

  • Junior High Dist: Duluth #709

Lot Info

  • Parcel Number: 010-1180-01580, 010-1180-01570, 010-1180-01560
  • Land Lease Expiration Date: 2027-01-17

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 5778

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

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
07/17/2026 07/17/26 For Sale $399,900 -- $104 / Sq Ft
Source: Lake Superior Area REALTORS®

Source: Lake Superior Area REALTORS®

MLS Number: 6126832

Minnesota St Louis County Duluth 55806 Lincoln Park

2403 & 2407 W 3rd St, Duluth, MN

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Listings courtesy of Lake Superior Area REALTORS® as distributed by MLS GRID

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(218) 986-0906
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