1812 W 2nd St, Duluth, MN 55806 (MLS # 6122266)
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Fully Rented 5-Unit Investment Property Near Duluth's Craft Brewery District. Excellent investment opportunity just steps from the vibrant Craft Brewery District, with its shops, restaurants, and nightlife. This fully rented 5-unit property generates $5,625/month in gross rental income, with additional potential from garage and basement storage rentals. 4 one-bedroom units and 1 three-bedroom unit. Common laundry hookups in the basement for future coin-op income. Basement currently used by the owner and one sublet. Recent updates and improvements include: 4 of 5 bathrooms have seen updates. All visible knob-and-tube wiring has been replaced. Adjustable valves installed on 80% of radiators (tenants can reduce heat use). New multi-zone thermostat system being installed - allows individual unit call-for-heat with landlord-controlled minimum temp, remotely adjustable. Current Monthly Expenses (approximate): Water & Gas: $523. Garbage: $186. Common Electric: $31. Insurance: $542. Property Taxes: $474. Repairs & Maintenance: $524. Tenants pay: Electric, TV, and Internet. Landlord pays: Water, gas, common area electric, garbage, insurance, taxes, and maintenance. With stable cash flow, recent upgrades, and future cost-saving improvements, this is a solid opportunity to own a well-maintained multi-family asset in a high-demand location. Unit 5: is 3 bed 1 bath (apx 943 sq ft) $1350/mo Lease Exp 9/30/2026. Rental License valid until 1/1/2028.
| DAYS ON MARKET | 33 | LAST UPDATED | 10/3/2025 |
|---|---|---|---|
| YEAR BUILT | 1891 | COMMUNITY | LSAR |
| GARAGE SPACES | 4.0 | COUNTY | St. Louis County |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AREA | LSAR |
|---|---|
| BASEMENT | Full, Unfinished, Yes |
| GARAGE | Yes |
| HEAT | Natural Gas, Steam |
| INTERIOR | High Speed Internet |
| LOT | 0.32 acre(s) |
| LOT DIMENSIONS | 100X140 |
| PARKING | Off Street, On Street, Gravel, Detached |
| SEWER | Public Sewer |
| STORIES | 3 |
| TAXES | 5538 |
| UTILITIES | Cable Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Bay |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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