$500,000

Estimated payment $3,315/month

Total Views 14,913
10 Beds
4 Baths
2,912 Sq Ft
$172 Price per Sq Ft

Highlights

  • Public Water Access
  • Congdon Elementary School Rated A-
  • Laundry Facilities

About This Home

High-Capacity Duplex with Exceptional Income Potential in Excellent Condition Welcome to 2417 Vermilion Rd—an impressive duplex offering spacious layouts and outstanding rental potential. With identical units, this property is ideal for investors seeking consistency and strong occupancy appeal. Each unit features 5 bedrooms and 2 full bathrooms, providing ample space for tenants and maximizing rental income. The open-concept living area flows seamlessly into the kitchen, creating a functional and inviting space for everyday living and gathering. Both units mirror each other in layout and design, making management straightforward and efficient. Shared laundry is conveniently located in the basement, and the tuck-under garage offers excellent storage space for the owner or landlord. The duplex is equipped with electric heat and an air exchanger, supporting efficiency and year-round comfort. With plenty of off-street parking, this property becomes even more attractive—when paired with the neighboring single family rental at 2425 Vermilion Rd, offering a unique opportunity to expand your investment portfolio side-by-side. With plenty of off-street parking and large unit sizes that are hard to find, this property stands out as a high-performing investment opportunity. Spacious, functional, and income-generating—this is a property you don’t want to miss. ***THIS PROPERTY MUST BE PURCHASED WITH 2425 Vermilion Rd***

Listing Agent

Tracy Ramsay

RE/MAX Results Brokerage Phone: License #MN 40762684 Listed on: 03/23/2026

RE/MAX Results

Co-Listing Agent

Deena Shykes

RE/MAX Results Brokerage Phone:

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,370

Year Built

  • Built in 2003

Parking

  • Tuck Under Garage
  • Off-Street Parking

Home Design

  • Concrete Foundation
  • Vinyl Construction Material

Interior Spaces

  • 2,912 Sq Ft Home
  • 2-Story Property
  • Laundry in Basement
  • Dishwasher

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Public Water Access

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

  • The owner pays for janitorial service, lawn care, repairs
  • Assessor Parcel Number 010-3870-00160

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,370

Year Built

Built in 2003

Lot Details

0.36 Acres

Parking

6

Listing Details

  • Directions: USE GPS
  • Tax Year: 2026
  • Reso Roof: Asphalt Shingle
  • Year Built: 2003
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • LotSizeAcres: 0.36
  • Lot Size: 90X175
  • Road Frontage Type: City Street
  • Co List Office Mls Id: LSA31573
  • Co List Office Phone: 218-722-2811
  • Co List Office Mls Id: LSA31573
  • Above Grade Finished Sq Ft: 2912
  • Living Area: 2912
  • LSA_Foreclosure: No
  • LSA_Auction: No
  • LSA_ManagementCompany: ***
  • LSA_LeasedLand: Owned
  • LSA_CondoType: Up & Down
  • LSA_UnitFireplace: No
  • LSA_UnitFireplace: No
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Range, Refrigerator
  • Owner Pays: Janitorial Service, Lawn Care, Repairs
  • Total Bedrooms: 10
  • Stories: 2

Exterior Features

  • Construction Type: Vinyl
  • Foundation Details: Concrete

Garage/Parking

  • Parking Features: Off Street
  • LSA_GarageType: Tuckunder

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Share, In Basement
  • Water Source: City

Schools

  • Junior High Dist: Duluth #709

Lot Info

  • Development Status: Previously Owned
  • Parcel Number: 010-3870-00160

Rental Info

  • Tenant Pays: Internet, Cable TV, Electricity, Trash Collection, Water, Sewer

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 7370

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax 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.

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 $7,404 $422,000 $69,200 $352,800
2023 $7,078 $266,600 $54,600 $212,000
2022 $4,620 $231,100 $47,400 $183,700
2021 $3,826 $197,500 $40,700 $156,800
2020 $3,938 $193,700 $39,900 $153,800
2019 $5,454 $193,700 $39,900 $153,800
2018 $5,046 $270,900 $40,700 $230,200
2017 $4,722 $266,500 $40,400 $226,100
2016 $4,410 $0 $0 $0
2015 $3,909 $239,900 $41,500 $198,400
2014 $3,909 $207,800 $9,100 $198,700
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
03/23/2026 03/23/26 For Sale $500,000 0.0% $172 / Sq Ft
02/10/2025 02/10/25 Off Market -- -- --
01/12/2025 01/12/25 For Rent -- -- --
Source: Lake Superior Area REALTORS®

Purchase 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 Type Sale Price Title Company
Warranty Deed $44,000 A A
Warranty Deed $38,000 Arrowhead Title
Source: Public Records

Mortgage 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 Status Loan Amount Loan Type
Closed $115,983 Commercial
Closed $175,000 Commercial
Source: Public Records

Source: Lake Superior Area REALTORS®

MLS Number: 6124160

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