For sale by owner
  • Price cut: $10K (11/18)
    $365,000

    1214 E 4th St, Duluth, MN 55805

    4beds
    2,680sqft
    : 
    MultiFamily
    Built in 1911
    -- sqft lot
    $-- Zestimate®
    $136/sqft
    $-- HOA

    What's special

    Hardwood floorsLarge double lotOriginal old world charmNew water heatersCoin operated laundryNewer boilersMostly new windows
    Beautiful brick up/down duplex located in a Commercial Form District of Duluth. Strong appreciation and providing a lot of flexibility for property use. Long term, Mid-Term, Short-term or commercial. Property zoning allows owner to apply for Short Term Vacation Rental licensing without having to go into Duluth's STR waitlist, or other Commercial Property applications. Top level unit renovation Sept/Oct 2025 with all new interior paint, trim, fixtures, all new LED lighting throughout, all new electrical outlets and light switches, bathroom & updated kitchen. Situated on a large double lot, in the Central East Hillside on 4th Street with convenient walkability to the lake, parks, hospitals, local shopping, restaurants and situated on the direct bus line for access to anywhere in Duluth. If you are looking for a solid investment property in Duluth to STR, Mid-Term Rent, Owner Occupy or Long-Term rent, this is it, you have a lot of options. 25 x 140 Vacant lot next to the property can be included in the Sale, where another unit could be built on, for an additional income producing property. Each unit is very spacious and filled with original old world charm including hardwood floors, beautiful woodwork, built-in hutches and pantries. Each 2 bdrm, 1 bath unit, could be easily converted to 3/2s with all separate utilities. 2 newer boilers, new water heaters, 3 electric meters (including house), mostly new windows, and 3 car garage from alley. I had the 3 garages rented for $100/garage. Front entrance, as well as back butlers entrance. Full walk-out basement with a small basement unit that could be renovated into an efficiency or used for additional storage! Coin operated laundry and a new Stackable in basement. Currently both units are long-term rented until September 1st (top unit) December 31st (main level unit). Tenants pay gas & electric. All-in a wonderful property & location, with huge upside as a form district property.
    178 days
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    1,450
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    72
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