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2502 W 3rd StDuluth, MN 55806

St. Louis County

$229,900List price
5Beds
3Baths
2,920Sq Ft
1900Year built
0.08Acre lot
1Garage
2Stories
8 months agoOn market

Description

Investor Opportunity with Built-In Upside! Situated on a corner lot directly across from the park, this value-add property offers the potential for three income streams in one strategic location. The unfinished duplex has already been taken down to the studs with demo complete, creating a true blank slate for your vision. Layout plans are available in the photos and supplements, allowing you to move forward with a clear path to completion. Next door sits an occupied single-family rental providing immediate income while you finish the duplex. Once completed, the property has the potential to generate revenue from two duplex units plus the existing single-family home. The newly completed 20th Street bridge enhances accessibility and connectivity, making this location even more desirable for tenants and future occupants. In addition, the property is zoned Mixed-Use, opening the door to expanded possibilities beyond traditional residential rentals—whether that’s office, retail, live/work, or other income-producing concepts (buyer to verify intended use). Ideal for investors, contractors, or entrepreneurs looking to build equity and long-term cash flow in a thriving community. Strong fundamentals, prime positioning, and significant upside for the right buyer.

Property Information

Property type
Residential Income
Year built
1900
Stories
2
Living area
2,920 Sq Ft
Lot size
0.08 acres
Lot dimensions
70 x 50
Garage spaces
1
Days on market
240
MLS® Listing#
6123758

Property Features

Interior
High Speed Internet
Exterior
Lighting
Heating
Natural Gas
Basement
Crawl Space
Parking
On Street · None · Attached
Lot features
Corner Lot · Near Public Transit
Foundation
Other
Roof
Rubber · Asphalt · Shingle
Utilities
Cable Available
Sewer
Public Sewer
Water source
Public

Financial Details

HOA
None
Annual taxes
$2,155Tax year 2025
Parcel number
010-1140-04240

Directions

corner of 25th Ave West & 3rd St

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