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MLS# 7080469 - 1432 E 4th Street Duluth, MN 55805
RE/MAX Results is the brokerage office representing the seller for this listing.
Copyright 2019, Regional Multiple Listing Service of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service of Minnesota, Inc. real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers. Cummings Janzen Realty, Inc. is not a multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Cummings Janzen Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.
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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. 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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. 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