About This Home
This 6-bedroom, 4-bathroom residential multi family at 2 and 4 S 16th Ave E in Duluth, MN is listed for $399,900 ($139 per sqft). Built in 1891, the home offers 2,872 sqft of living space on a 0.08 acres lot.
Key Features
- Built in 1891
- 0.08 acre lot
Property Details
Investor opportunity! This fully rented fourplex offers immediate income and strong cash flow potential, meeting the sought-after 1% rule for rental investments. Includes coin operated laundry for additional income.The property is structurally and mechanically sound, providing a solid foundation for value-add improvements.
While it could use some cosmetic updates the major components are in place, allowing investors to build equity and maximize rental income with renovations. Whether you're expanding your portfolio or looking for your next value-add investment, this is a great opportunity to acquire a cash-flowing asset with significant upside.
Monthly Cost Estimate
$2,139/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2 and 4 S 16th Ave E
Duluth, MN 55812
Property Details
Heating
Questions & Answers
This 6-bedroom, 4-bathroom residential multi family at 2 and 4 S 16th Ave E is listed at $399,900 ($139/sqft). The estimated monthly payment is $2,139 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1891, 0.08 acre lot.
This property is listed by Adam Paulson and can be reached at (952) 829-2900.