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Hope Palmer

hope@hoperealtygroupmn.com +1(612) 859-4646

$ 549,900

Est. payment -/mo

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1432 E 4th ST Duluth, MN 55805

10 Beds

3 Baths

3,183 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex Up and Down

Listing Status Active

Purchase Type For Sale

Square Footage 3,183 sqft

Price per Sqft $172

Subdivision Endion Div Of Duluth

MLS Listing ID 7080469

Bedrooms 10

Year Built 1910

Annual Tax Amount $6,358

Tax Year 2026

Contingent None

Lot Size 10,454 Sqft

Lot Dimensions 75x140

Property Sub-Type Duplex Up and Down

Property Description

Welcome to 1432 E 4th St- a high-performing duplex investment opportunity located in the heart of Duluth's East Hillside neighborhood near local colleges, downtown Duluth, and Lake Superior. This spacious multi-unit property offers an ideal setup for student housing or long-term rentals with strong income potential and a functional layout designed to accommodate large tenant groups. Situated on a lot and a half, the property also offers ample off-street parking for residents, a highly desirable feature for multi-tenant housing. The property also features a newer roof, adding additional value and peace of mind for future ownership. This classic Duluth property has been meticulously maintained and is filled with amazing character, beautiful original woodwork, and stunning hardwood floors throughout, offering timeless charm that tenants appreciate while showcasing the pride of ownership carried throughout the property. The upper unit features 5 bedrooms and 1 bathroom, including 3 bedrooms on the main level and a large upper finished attic space that features 2 additional bedrooms, along with a fireplace that adds warmth and character to the living space. The upper unit also includes two refrigerators and a dishwasher, providing added convenience for larger tenant groups. The lower unit offers 5 bedrooms, with 2 bedrooms located on the main floor and an additional 3 bedrooms on the lower level, providing excellent flexibility and rental capacity. The lower unit also features its own fireplace, along with two refrigerators and a dishwasher. Both fireplaces are non-functional and serve as decorative features only, adding character without operational use. The building is serviced by two separate boilers, allowing independent heating systems for each unit. A common laundry area located in the basement is shared between both units for added convenience. The property is currently leased for $4,700 per month with tenants paying all utilities, creating strong cash flow potential and low owner expense responsibility. Current lease terms run from June 1, 2026 through May 19, 2027, offering immediate rental income and stability for the next owner. In addition to its strong investment performance, the property could also make an excellent future owner-occupied opportunity once current tenants move out, offering flexibility for a variety of ownership goals.

Location

State MN

County St. Louis

Zoning Residential-Single Family

Rooms

Family Room Other

Basement Partially Finished, Walkout

Interior

Heating Boiler

Fireplace No

Laundry In Basement

Exterior

Parking Features Asphalt, On-Street Parking Only

Building

Story More Than 2 Stories

Foundation 3183

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories More Than 2 Stories

New Construction false

Schools

School District Duluth

Listed by Jordan DeCaro • RE/MAX Results

Hope Palmer

Broker

+1(612) 859-4646

Hope Palmer

1432 E 4th ST Duluth, MN 55805

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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1432 E 4th ST