# 2 and 4 S 16th Ave E, Duluth, MN 55812 > **TL;DR:** 6bd/4ba residential multi family, $399,900 ($139/sqft), built 1891, 2,872 sqft. Est. $2,139/mo. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $399,900 | | Price/sqft | $139 | | Bedrooms | 6 | | Bathrooms | 1 full | | Square Feet | 2,872 | | Year Built | 1891 | | Lot Size | 3,485 sqft (0.08 acres) | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 0 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,022 | | Estimated Insurance | $117 | | **Total** | **$2,139** | ## Property Highlights - Built in 1891 - 0.08 acre lot ## Description ### Agent Description 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. ## Location - **Address:** 2 and 4 S 16th Ave E, Duluth, MN 55812 - **County:** St. Louis County - **Coordinates:** 46.802199, -92.077944 - **Google Maps:** https://www.google.com/maps?q=46.802199,-92.077944 ## Listing Agent - **Name:** Adam Paulson - **Brokerage:** RE/MAX Results - **Phone:** (952) 829-2900 - **Broker Phone:** (952) 829-2900 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/2-S-16th-Ave-E_Duluth_MN_55812_M87726-62780?f=listhub&s=DAARMN&m=6126831&c=propsimple) ## Photos ![2 and 4 S 16th Ave E - Photo 1](http://lh.rdcpix.com/90bb49a0c2630987c34a415c5b71f1cal-f2460789332r.jpg) ![2 and 4 S 16th Ave E - Photo 2](http://lh.rdcpix.com/90bb49a0c2630987c34a415c5b71f1cal-f130813001r.jpg) ![2 and 4 S 16th Ave E - Photo 3](http://lh.rdcpix.com/90bb49a0c2630987c34a415c5b71f1cal-f2405402598r.jpg) ![2 and 4 S 16th Ave E - Photo 4](http://lh.rdcpix.com/90bb49a0c2630987c34a415c5b71f1cal-f2801936420r.jpg) ![2 and 4 S 16th Ave E - Photo 5](http://lh.rdcpix.com/90bb49a0c2630987c34a415c5b71f1cal-f3562437338r.jpg) ![2 and 4 S 16th Ave E - Photo 6](http://lh.rdcpix.com/90bb49a0c2630987c34a415c5b71f1cal-f251755000r.jpg) ![2 and 4 S 16th Ave E - Photo 7](http://lh.rdcpix.com/90bb49a0c2630987c34a415c5b71f1cal-f1493738892r.jpg) ![2 and 4 S 16th Ave E - Photo 8](http://lh.rdcpix.com/90bb49a0c2630987c34a415c5b71f1cal-f573061561r.jpg) ![2 and 4 S 16th Ave E - Photo 9](http://lh.rdcpix.com/90bb49a0c2630987c34a415c5b71f1cal-f30153359r.jpg) ![2 and 4 S 16th Ave E - Photo 10](http://lh.rdcpix.com/90bb49a0c2630987c34a415c5b71f1cal-f3533322138r.jpg) ![2 and 4 S 16th Ave E - Photo 11](http://lh.rdcpix.com/90bb49a0c2630987c34a415c5b71f1cal-f751400397r.jpg) ![2 and 4 S 16th Ave E - Photo 12](http://lh.rdcpix.com/90bb49a0c2630987c34a415c5b71f1cal-f1127235113r.jpg) ![2 and 4 S 16th Ave E - Photo 13](http://lh.rdcpix.com/90bb49a0c2630987c34a415c5b71f1cal-f3010452899r.jpg) --- **MLS#:** 6126831 | **Updated:** 2026-08-28 **Source:** listhub *Copyright © 2026 Lake Superior Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/2-and-4-s-16th-ave-e-duluth-mn-55812-6126831) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/2-and-4-s-16th-ave-e-duluth-mn-55812-6126831#listing", "url": "https://www.propertysimple.ai/listing/2-and-4-s-16th-ave-e-duluth-mn-55812-6126831", "name": "2 and 4 S 16th Ave E, Duluth, MN 55812", "description": "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. 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