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$209,900

5 Beds 3 Baths 2,250 SQFT 0.16 Acres
Type: Multi-Family

12 E 5th Street
Duluth, MN 55805

MLS#: 7160321
Steve Wicklund
Steve Wicklund
The Real Estate Advantage
Phone: 612.443.4241
Office: 952.253.5600
Presented by: Coldwell Banker Realty

Property Description

 

Investment opportunity in a convenient Duluth location! This 2,250 sq. ft. triplex offers three separate units and plenty of upside. Unit A features 2 bedrooms and 1 bath, Unit B offers 2 bedrooms and 1 bath, and Unit C offers 1 bedroom and 1 bath. Extra Info The property is conveniently located near downtown Duluth, area hospitals, bus lines, and other amenities. It also has a strong rental history, with the units historically showing solid occupancy. Extra Info Recent improvements include a roof replacement in 2019, a water heater in 2024, and a newer shower surround in Unit A. The property is in need of significant updating and repair, including siding, furnace, ceiling tiles, bathrooms, flooring, and additional cosmetic improvements throughout. Extra Info With its existing three-unit layout, established rental history, and opportunity to renovate and reposition the property, this could be a great project for an investor, contractor, or owner looking to build equity and increase future rental income. Bring your ideas and make the most of the potential here.


 

Interior Features

Bedrooms

Total Bedrooms5

Bathrooms

Total Baths3

Other Interior Features

Above Grade Finished Area1,700 sqft
BasementWalkout
Basement (Y/N)Yes
Below Grade Finished Area550 sqft
FuelElectric, Natural Gas
Garage Square Feet0
Green Certified StatusPending

General

AccessibilityNone
Additional Parcels Y/NNo
CityDuluth
ContingencyNone
CountySt. Louis
DirectionsTake 35 W, S Lake St Ave, Turn North on n Lake Ave, Turn East on E 5th St, Triplex is on your right .
Electric Expense2100
Fuel Expense2200
Garage Spaces0
Gross Income36600
HeatingForced Air
High School DistrictDuluth
Insurance Expense700
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area2,250 sqft
Lot Size UnitsAcres
MaintenanceExpense500
Net Operating Income28200
New ConstructionNo
Number Of Units Total3
Operating Expense8400
OwnerPaysElectricity, Fuel, Insurance, Taxes, Trash Collection
PostalCityDuluth
Property SubtypeTriplex
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameDuluth Proper 1st Div East 5th
Tax Annual Amount$2,754
Tax Year2026
Tenant PaysBroadband, Lawn Care, Snow Removal
Trash Expense600
Water Sewer Expense1800
Waterfront FeaturesLake View
Year Built1891
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total2,550 sqft
Foundation Area850 sqft
Lot Dimensions50x100
Lot Size Area0 sqft
Parking FeaturesParking Lot
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School N/A
Middle School N/A
Elementary School N/A

  

Similar Properties

$209,900

5 Beds 3 Baths 2,250 SQFT 0.16 Acres
Type: Multi-Family

12 E 5th Street
Duluth, MN 55805

MLS#: 7160321
Steve Wicklund
Steve Wicklund
The Real Estate Advantage
Phone: 612.443.4241
Office: 952.253.5600