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2502 W 3rd St, Duluth, MN 55806

Duluth
Local realty services provided by:CENTURY 21 Atwood
2502 W 3rd St,Duluth, MN 55806
$229,900
  • 5 Beds
  • 3 Baths
  • 2,920 sq. ft.
  • Multi-family
  • Active
Listed by: steve braman
Office: re/max results
MLS#:6123758
Source:MN_DAAR

Price summary

  • Price:$229,900
  • Price per sq. ft.:$78.73

About this home

Investor Opportunity with Built-In Upside! Situated on a corner lot directly across from the park, this value-add property offers the potential for three income streams in one strategic location. The unfinished duplex has already been taken down to the studs with demo complete, creating a true blank slate for your vision. Layout plans are available in the photos and supplements, allowing you to move forward with a clear path to completion. Next door sits an occupied single-family rental providing immediate income while you finish the duplex. Once completed, the property has the potential to generate revenue from two duplex units plus the existing single-family home. The newly completed 20th Street bridge enhances accessibility and connectivity, making this location even more desirable for tenants and future occupants. In addition, the property is zoned Mixed-Use, opening the door to expanded possibilities beyond traditional residential rentals—whether that’s office, retail, live/work,...

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Home facts

  • Year built:1900
  • Listing ID #:6123758
  • Added:228 day(s) ago
  • Updated:October 12, 2026 at 03:53 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Basement Description:Crawl Space
  • Living area:2,920 sq. ft.

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Roof:Asphalt Shingle, Rubber
  • Year built:1900
  • Building area:2,920 sq. ft.
  • Lot area:0.08 Acres
  • Lot Features:Corner Lot, Pub. Transit (w/in 6 blk)
  • Construction Materials:Slate

Utilities

  • Water:City

Finances and disclosures

  • Price:$229,900
  • Price per sq. ft.:$78.73
  • Tax amount:$2,155 (2025)

Parking

  • Garage:Yes
  • Garage spaces:1
2026, Lake Superior Area REALTORS, Inc. MN_DAAR Member Broker: Kevin Sharkey

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