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$339,900

4 Beds 3 Baths 1,984 SQFT 0.17 Acres
Type: Multi-Family

1625 E 1st Street
Duluth, MN 55812

MLS#: 7160896
Terri Dixon
Terri Dixon
The Real Estate Advantage
Agent
Phone: 612.309.6767
Office: 952.898.5800
Presented by: RE/MAX Results

Property Description

 

Fully leased triplex in Duluth’s historic Endion neighborhood, with a rental license in place! Built in 1891, this property has a spacious 2 bedroom, 1 bath main-level unit and two 1 bedroom, 1 bath upper units. All three are leased into 2027 for a combined $3,085/month ($37,020/year). Classic character shines throughout, with hardwood floors, tall windows with decorative transoms, original trim, a fireplace mantel and an updated white kitchen. A covered porch, boiler heat and a full basement round out the features. Owner pays water, sewer and gas. Tenants pay electric and trash. A strong opportunity in a desirable location close to downtown, the Lakewalk and area colleges. Leases must be honored. Call today for financials.


 

Interior Features

Bedrooms

Total Bedrooms4

Bathrooms

Total Baths3

Other Interior Features

Above Grade Finished Area1,984 sqft
BasementFull
Basement (Y/N)Yes
Below Grade Finished Area0 sqft
Foundation Dimensions24x29 14x23
FuelNatural Gas

General

AccessibilityNone
Additional Parcels Y/NNo
CityDuluth
Construction MaterialsFrame
ContingencyNone
CountySt. Louis
Directions16th to 1st, Left on 1st.
Electric Expense37.81
Fuel Expense3207.69
Garage Spaces0
Gross Income37613.67
HeatingBaseboard, Boiler
High School DistrictDuluth
Insurance Expense0
Land Lease Y/NNo
Lender OwnedNo
LevelsMore Than 2 Stories
Living Area1,984 sqft
Lot Size UnitsAcres
MaintenanceExpense9411.27
Net Operating Income15219.19
New ConstructionNo
Number Of Units Total3
Operating Expense22776.48
OwnerPaysFuel, Sewer, Water
PostalCityDuluth
Property SubtypeTriplex
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameEndion Div Of Duluth
Tax Annual Amount$5,334
Tax Year2026
Tenant PaysElectricity, Trash Collection
Trash Expense544.48
Water Sewer Expense0
Year Built1891
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total1,984 sqft
Foundation Area1,018 sqft
Lot Dimensions50x150
Lot Size Area0 sqft
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

$339,900

4 Beds 3 Baths 1,984 SQFT 0.17 Acres
Type: Multi-Family

1625 E 1st Street
Duluth, MN 55812

MLS#: 7160896
Terri Dixon
Terri Dixon
The Real Estate Advantage
Agent
Phone: 612.309.6767
Office: 952.898.5800