# 2502 W 3rd St, Duluth, MN 55806 > **TL;DR:** 5bd/3ba residential multi family, $229,900 ($79/sqft), built 1900, 2,920 sqft. Est. $1,229/mo. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $229,900 | | Price/sqft | $79 | | Bedrooms | 5 | | Bathrooms | 2 full | | Square Feet | 2,920 | | Year Built | 1900 | | Lot Size | 3,485 sqft (0.08 acres) | | Stories | 2 | | 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%) | $1,162 | | Estimated Insurance | $67 | | **Total** | **$1,229** | ## Property Highlights - Built in 1900 - 0.08 acre lot - 2 stories ## Description ### Agent Description Investor Opportunity with Built-In Upside! Situated on a corner lot directly across from the park, this value-add property offers the potential for three income streams in one strategic location. The unfinished duplex has already been taken down to the studs with demo complete, creating a true blank slate for your vision. Layout plans are available in the photos and supplements, allowing you to move forward with a clear path to completion. Next door sits an occupied single-family rental providing immediate income while you finish the duplex. Once completed, the property has the potential to generate revenue from two duplex units plus the existing single-family home. The newly completed 20th Street bridge enhances accessibility and connectivity, making this location even more desirable for tenants and future occupants. In addition, the property is zoned Mixed-Use, opening the door to expanded possibilities beyond traditional residential rentals-whether that's office, retail, live/work, or other income-producing concepts (buyer to verify intended use). Ideal for investors, contractors, or entrepreneurs looking to build equity and long-term cash flow in a thriving community. Strong fundamentals, prime positioning, and significant upside for the right buyer. ## Location - **Address:** 2502 W 3rd St, Duluth, MN 55806 - **County:** St. Louis County - **Coordinates:** 46.764978, -92.132489 - **Google Maps:** https://www.google.com/maps?q=46.764978,-92.132489 ## Listing Agent - **Name:** Steve Braman - **Brokerage:** RE/MAX Results - **Phone:** (952) 829-2900 - **Broker Phone:** (952) 829-2900 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/2502-W-3rd-St_Duluth_MN_55806_M77311-83905?f=listhub&s=DAARMN&m=6123758&c=propsimple) ## Photos ![2502 W 3rd St - Photo 1](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f1071722473r.jpg) ![2502 W 3rd St - Photo 2](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f3132083463r.jpg) ![2502 W 3rd St - Photo 3](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f4053375089r.jpg) ![2502 W 3rd St - Photo 4](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f876678477r.jpg) ![2502 W 3rd St - Photo 5](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f316058655r.jpg) ![2502 W 3rd St - Photo 6](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f2697641228r.jpg) ![2502 W 3rd St - Photo 7](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f3427349487r.jpg) ![2502 W 3rd St - Photo 8](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f4183631026r.jpg) ![2502 W 3rd St - Photo 9](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f4093589290r.jpg) ![2502 W 3rd St - Photo 10](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f2663953885r.jpg) ![2502 W 3rd St - Photo 11](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f102812249r.jpg) ![2502 W 3rd St - Photo 12](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f3006696976r.jpg) ![2502 W 3rd St - Photo 13](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f4028544620r.jpg) ![2502 W 3rd St - Photo 14](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f3621200509r.jpg) ![2502 W 3rd St - Photo 15](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f836558982r.jpg) ![2502 W 3rd St - Photo 16](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f101048120r.jpg) ![2502 W 3rd St - Photo 17](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f3150035495r.jpg) ![2502 W 3rd St - Photo 18](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f4098036291r.jpg) ![2502 W 3rd St - Photo 19](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f3775379048r.jpg) ![2502 W 3rd St - Photo 20](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f3463729338r.jpg) ![2502 W 3rd St - Photo 21](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f4229936761r.jpg) ![2502 W 3rd St - Photo 22](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f2053315467r.jpg) ![2502 W 3rd St - Photo 23](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f61445163r.jpg) ![2502 W 3rd St - Photo 24](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f3675432141r.jpg) ![2502 W 3rd St - Photo 25](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f720581949r.jpg) ![2502 W 3rd St - Photo 26](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f3614080698r.jpg) ![2502 W 3rd St - Photo 27](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f783769528r.jpg) ![2502 W 3rd St - Photo 28](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f1722385755r.jpg) ![2502 W 3rd St - Photo 29](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f26667426r.jpg) ![2502 W 3rd St - Photo 30](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f3390686030r.jpg) ![2502 W 3rd St - Photo 31](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f2323086804r.jpg) ![2502 W 3rd St - Photo 32](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f22808992r.jpg) ![2502 W 3rd St - Photo 33](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f3292799998r.jpg) ![2502 W 3rd St - Photo 34](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f3441203815r.jpg) ![2502 W 3rd St - Photo 35](http://lh.rdcpix.com/5262569dcaa998e9978392a84ceb63c6l-f3807428803r.jpg) --- **MLS#:** 6123758 | **Updated:** 2026-09-02 **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/2502-w-3rd-st-duluth-mn-55806-6123758) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/2502-w-3rd-st-duluth-mn-55806-6123758#listing", "url": "https://www.propertysimple.ai/listing/2502-w-3rd-st-duluth-mn-55806-6123758", "name": "2502 W 3rd St, Duluth, MN 55806", "description": "Investor Opportunity with Built-In Upside! Situated on a corner lot directly across from the park, this value-add property offers the potential for three income streams in one strategic location. The unfinished duplex has already been taken down to the studs with demo complete, creating a true blank slate for your vision. Layout plans are available in the photos and supplements, allowing you to move forward with a clear path to completion. Next door sits an occupied single-family rental providing immediate income while you finish the duplex. Once completed, the property has the potential to generate revenue from two duplex units plus the existing single-family home. The newly completed 20th Street bridge enhances accessibility and connectivity, making this location even more desirable for tenants and future occupants. In addition, the property is zoned Mixed-Use, opening the door to expanded possibilities beyond traditional residential rentals-whether that's office, retail, live/work, or other income-producing concepts (buyer to verify intended use). Ideal for investors, contractors, or entrepreneurs looking to build equity and long-term cash flow in a thriving community. 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