Listed price in listed location currency (USD).
$399,900

640

MLS® 6126831

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 2872 sqft
Garage 
Taxes $5,238
Days Active 0
Lot Size 0.08 Acres
Approx. Age 1891
Avg. Price Per Sqft $139
MLS® Number 6126831

Property Address: 2 and 4 S 16th Ave E, Duluth, MN, 55812

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

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.
MLS® Number6126831
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1891
BasementFull
Driveway
Garage Spaces
HeatForced Air
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 17, 2026List Date
$399,900List Price
  • Commute

Commute

Starting Address
Destination Address
2 and 4 S 16Th Ave E, Duluth, MN

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