1507 E 4th St, Duluth, MN 55812 (MLS # 6124419)
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Investor Opportunity Near UMD/Scholastica - Value-Add Duplex on 4th St! Prime location just minutes from University of Minnesota Duluth and The College of St. Scholastica, making this a strong rental demand area. This duplex offers immediate upside potential through rent increases and utility optimization. Upper Unit: 1 bedroom on main level + den/office + walk-up attic bedroom. Open living/dining area, full bath, and additional exterior storage access. Lower Unit: 3 bedrooms, full bath, separate living room and kitchen layout ideal for student or shared housing. License Number: LS-2-0067 Expires 7/1/2027 Income & Expenses: Current rents:$1100/mo Lower & $1200 Upper Electric paid by tenants $340/month total ($165 upper / $175 lower) 2026 Property Taxes: $3,292/year Utilities (owner paid): approx. $81 gas / $56 water / $64 sewer per month Separate electric meters already in place Mechanical/Additional Features: Natural gas furnace Coin-operated washer/dryer for added income potential Additional washer/dryer hookups Separate basement entrance Investment Highlights: High-demand rental corridor near colleges Clear path to increased cash flow with rent adjustments in 2027 Ability to restructure utility responsibilities to improve NOI Ideal for house-hack, student rental, or long-term hold Showings: Due to tenant rights, showings are limited to Open House style showing Thursday, April 16 from 4:00-5:00 PM Street Parking only for this property Garbage is picked up in the back alley crossing the back neighbors driveway Side Door is to the basement- utilities and Coin Laundry Excellent opportunity to reposition and maximize returns in a proven rental location.
| DAYS ON MARKET | 6 | LAST UPDATED | 4/9/2026 |
|---|---|---|---|
| YEAR BUILT | 1908 | COMMUNITY | LSAR |
| COUNTY | St. Louis County | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AREA | LSAR |
|---|---|
| BASEMENT | Full, Storage Space, Unfinished, Yes |
| HEAT | Natural Gas |
| LOT | 3485 sq ft |
| LOT DIMENSIONS | 105x35 |
| PARKING | On Street, None |
| SEWER | Public Sewer |
| STORIES | 2 |
| TAXES | 3292 |
| VIEW | Yes |
| VIEW DESCRIPTION | Lake |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Tellor Realty LLC
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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This IDX solution is (c) Diverse Solutions 2026.