1507 E 4th St, Duluth, MN 55812
Local realty services provided by:CENTURY 21 Atwood
1507 E 4th St,Duluth, MN 55812
$250,000
- 5 Beds
- 2 Baths
- 2,165 sq. ft.
- Multi-family
- Active
Listed by: tracey tellor
Office: tellor realty llc.
MLS#:6124419
Source:MN_DAAR
Price summary
- Price:$250,000
- Price per sq. ft.:$115.47
About this home
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....
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Home facts
- Year built:1908
- Listing ID #:6124419
- Added:1 day(s) ago
- Updated:April 10, 2026 at 03:51 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:2
- Basement:Yes
- Basement Description:Full
- Living area:2,165 sq. ft.
Heating and cooling
- Heating:Boiler, Natural Gas
Structure and exterior
- Roof:Asphalt Shingle
- Year built:1908
- Building area:2,165 sq. ft.
- Lot area:0.08 Acres
- Construction Materials:Vinyl
- Foundation Description:Stone
Utilities
- Water:City
Finances and disclosures
- Price:$250,000
- Price per sq. ft.:$115.47
- Tax amount:$3,292 (2026)
Features and amenities
- Laundry features:Coin Operated Owned
- Amenities:Deck
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