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Listed price in listed location currency (USD).
$250,000

520

MLS® 6124419

  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size 2165 sqft
Garage 
Taxes $3,292
Days Active 0
Lot Size 
Approx. Age 1908
Avg. Price Per Sqft $115
MLS® Number 6124419

Property Address: 1507 E 4th St, Duluth, MN, 55812-1249

Average square foot calculated using Size range provided by listing agent.

Description

Investor Opportunity Near UMD/Scholastica – Value-Add Duplex on 4th St! Prime location just minutes from University of Minnesota Duluth and The College of St. Scholastica, making this a strong rental demand area. This duplex offers immediate upside potential through rent increases and utility optimization. Upper Unit: 1 bedroom on main level + den/office + walk-up attic bedroom. Open living/dining area, full bath, and additional exterior storage access. Lower Unit: 3 bedrooms, full bath, separate living room and kitchen layout ideal for student or shared housing. License Number: LS-2-0067 Expires 7/1/2027 Income & Expenses: Current rents:$1100/mo Lower & $1200 Upper Electric paid by tenants $340/month total ($165 upper / $175 lower) 2026 Property Taxes: $3, 292/year Utilities (owner paid): approx. $81 gas / $56 water / $64 sewer per month Separate electric meters already in place Mechanical/Additional Features: Natural gas furnace Coin-operated washer/dryer for added income potential Additional washer/dryer hookups Separate basement entrance Investment Highlights: High-demand rental corridor near colleges Clear path to increased cash flow with rent adjustments in 2027 Ability to restructure utility responsibilities to improve NOI Ideal for house-hack, student rental, or long-term hold Showings: Due to tenant rights, showings are limited to Open House style showing Thursday, April 16 from 4:00–5:00 PM Street Parking only for this property Garbage is picked up in the back alley crossing the back neighbors driveway Side Door is to the basement- utilities and Coin Laundry Excellent opportunity to reposition and maximize returns in a proven rental location.
MLS® Number6124419
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1908
BasementFull
DrivewayOn Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 10, 2026List Date
$250,000List Price
  • Commute

Commute

Starting Address
Destination Address
1507 E 4Th St, Duluth, MN

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