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Triplex Property

Contact:
neal@rentwithheirloom.com

Triplex
MLS# 6125077
For Sale: $349900
Status: 5

1127 E 3rd St
Duluth, MN 55805
(map)
Total Bedrooms: 2
Total Bathrooms: 1
Total Fin Square Footage: 2388
Approx Number of Acres: 0.16
Waterfront: No
Turnkey triplex in the heart of East Hillside with two units leased and one vacant. Move in, lease up, or refresh to increase rents. This solid stucco two-story has been well maintained and offers a classic Duluth multi-family footprint with good bones and strong income from day one. Unit 1 is a 2 bed/1 bath leased at $1,125/mo. Unit 2 is a vacant 1 bed/1 bath ready for an owner-occupant or new tenant at market. Unit 3 is a 2 bed/1 bath leased at $1,200/mo. Tenants pay all utilities except electric. Off-street parking on site. At $349,900, this one pencils under the 1% rule at market rents. Walkable to Chester Park, Chester Creek trails, UMD, and downtown Duluth with convenient access to bus service. Strong rental demand in this corridor makes this a low-risk hold with long-term upside.
Additional Photos
Features
Map
Cumulative DOM:8
Price Per SQFT:146.52
School District:Duluth #709
Year Built:1881
Stories:2 Story
Approx Lot Dimension:50 x 140
Classification:NonHomestead
Leased Land:Owned
Parcel Number:010-3830-11730
Tax Year:2026
Tax Amount:5132
Assessments:Yes
Foreclosure:No
Rental License:Yes
Foundation Dimensions:12x26 4x9

4031 Grand Avenue
Duluth, MN 55807