2525-2527 W 2nd St, Duluth, MN 55806

Property Description

Fully leased fourplex with a rental license already in place. All four units are 1 bedroom, 1 bath, approximately 740 sq ft each, with current rents of $850, $865, $850, and $900, for $3,465/month in gross rent. Tenants pay their own electric and trash. The owner covers fuel, water, and sewer. The property has natural gas forced-air heat, low-maintenance vinyl siding, a full stone basement, and 4 off-street parking spaces, which is hard to find on this stretch of W 2nd St. Staggered lease expirations through 2027 give a new owner steady income and flexibility to adjust rents over time. Annual taxes are $3,686. It’s a solid hold for a seasoned investor or a turnkey first step into multifamily in Duluth. Call the listing office to schedule a showing.