2502 W 3rd St, Duluth, MN 55806 (MLS # 6123758)
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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.
| DAYS ON MARKET | 6 | LAST UPDATED | 2/25/2026 |
|---|---|---|---|
| YEAR BUILT | 1900 | COMMUNITY | LSAR |
| GARAGE SPACES | 1.0 | COUNTY | St. Louis County |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AREA | LSAR |
|---|---|
| BASEMENT | Crawl Space |
| EXTERIOR | Lighting |
| GARAGE | Yes |
| HEAT | Natural Gas |
| INTERIOR | High Speed Internet |
| LOT | 3485 sq ft |
| LOT DESCRIPTION | Corner Lot, Near Public Transit |
| LOT DIMENSIONS | 70 x 50 |
| PARKING | On Street, None, Attached |
| SEWER | Public Sewer |
| STORIES | 2 |
| TAXES | 2155 |
| UTILITIES | Cable Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice.
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