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2 and 4 S 16th Ave EDuluth, MN 55812

St. Louis County

$399,900List price
6Beds
4Baths
2,872Sq Ft
1891Year built
0.08Acre lot
2Stories
3 months agoOn market

Description

Investor opportunity! This fully rented fourplex offers immediate income and strong cash flow potential, meeting the sought-after 1% rule for rental investments. Includes coin operated laundry for additional income.The property is structurally and mechanically sound, providing a solid foundation for value-add improvements. While it could use some cosmetic updates the major components are in place, allowing investors to build equity and maximize rental income with renovations. Whether you're expanding your portfolio or looking for your next value-add investment, this is a great opportunity to acquire a cash-flowing asset with significant upside.

Property Information

Property type
Residential Income
Sub-type
Multi Family
Year built
1891
Stories
2
Living area
2,872 Sq Ft
Lot size
0.08 acres
Lot dimensions
50x70
Days on market
98
MLS® Listing#
6126831

Property Features

Heating
Forced Air
Basement
Full
Parking
None
Foundation
Stone
Sewer
Public Sewer
Water source
Public

Financial Details

HOA
None
Annual taxes
$5,238Tax year 2026
Parcel number
010-1460-04500

Directions

from freeway go northwest on 21st ave e to left on Superior st to property on left. property is on the corner of Superior st. and s 16th ave E

Listing Courtesy: RE/MAX Results - ***

Listings courtesy of the Lake Superior Area REALTORS® MLS. All data is obtained from various sources and may not have been verified by . All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 – Lake Superior Area REALTORS® MLS – All Rights Reserved.

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Connect with a Local Real Estate Expert

  • Jay Fermanich

    Broker of Record, Franchisee

    EXIT Northland Realty

  • Becky Hansen

    Sales Representative

    EXIT Northland Realty