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

Duluth
Local realty services provided by:CENTURY 21 Atwood
2 and 4 S 16th Ave E,Duluth, MN 55812
$399,900
  • 6 Beds
  • 4 Baths
  • 2,872 sq. ft.
  • Multi-family
  • Active
Listed by: adam paulson
Office: re/max results
MLS#:6126831
Source:MN_DAAR

Price summary

  • Price:$399,900
  • Price per sq. ft.:$139.24

About this home

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.

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Home facts

  • Year built:1891
  • Listing ID #:6126831
  • Added:55 day(s) ago
  • Updated:September 11, 2026 at 03:49 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:4
  • Basement:Yes
  • Basement Description:Full
  • Living area:2,872 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1891
  • Building area:2,872 sq. ft.
  • Lot area:0.08 Acres
  • Construction Materials:Wood
  • Foundation Description:Stone

Utilities

  • Water:City

Finances and disclosures

  • Price:$399,900
  • Price per sq. ft.:$139.24
  • Tax amount:$5,238 (2026)
2026, Lake Superior Area REALTORS, Inc. MN_DAAR Member Broker: Kevin Sharkey

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