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1432 E 4th StreetDuluth, MN 55805

Endion Div Of Duluth · St. Louis County

$490,000List price
10Beds
3Baths
3,183Sq Ft
1910Year built
0.24Acre lot
9 days agoOn market

Description

Welcome to 1432 E 4th St- a high-performing duplex investment opportunity located in the heart of Duluth’s East Hillside neighborhood near local colleges, downtown Duluth, and Lake Superior. This spacious multi-unit property offers an ideal setup for student housing or long-term rentals with strong income potential and a functional layout designed to accommodate large tenant groups. Situated on a lot and a half, the property also offers ample off-street parking for residents, a highly desirable feature for multi-tenant housing. The property also features a newer roof, adding additional value and peace of mind for future ownership. This classic Duluth property has been meticulously maintained and is filled with amazing character, beautiful original woodwork, and stunning hardwood floors throughout, offering timeless charm that tenants appreciate while showcasing the pride of ownership carried throughout the property. The upper unit features 5 bedrooms and 1 bathroom, including 3 bedrooms on the main level and a large upper finished attic space that features 2 additional bedrooms, along with a fireplace that adds warmth and character to the living space. The upper unit also includes two refrigerators and a dishwasher, providing added convenience for larger tenant groups. The lower unit offers 5 bedrooms, with 2 bedrooms located on the main floor and an additional 3 bedrooms on the lower level, providing excellent flexibility and rental capacity. The lower unit also features its own fireplace, along with two refrigerators and a dishwasher. Both fireplaces are non-functional and serve as decorative features only, adding character without operational use. The building is serviced by two separate boilers, allowing independent heating systems for each unit. A common laundry area located in the basement is shared between both units for added convenience. The property is currently leased for $4,700 per month with tenants paying all utilities, creating strong cash flow potential and low owner expense responsibility. Current lease terms run from June 1, 2026 through May 19, 2027, offering immediate rental income and stability for the next owner. In addition to its strong investment performance, the property could also make an excellent future owner-occupied opportunity once current tenants move out, offering flexibility for a variety of ownership goals.

Property Information

Property type
Residential Income
Sub-type
Duplex
Style
(MF) Duplex Up and Down
Year built
1910
Living area
3,183 Sq Ft
Lot size
0.24 acres
Lot dimensions
75x140
Zoning
Residential-Single Family
Days on market
9
MLS® Listing#
7169848

Property Features

Basement
Partially Finished
Laundry
In Basement
Foundation
Stone
Community
Other
Sewer
Public Sewer
Water source
Public

Financial Details

Annual taxes
$6,358Tax year 2026
Parcel number
010148006730

Directions

4th St to property

Listing Courtesy: RE/MAX Results - 2187222811

Presented by: Jordan R DeCaro

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