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Fully Leased Upper/Lower Duplex
For Sale
$95,000

130 E 16th Street, Hibbing, MN 55746

MULTI_FAMILY - Hibbing, MN

Property Size1,968 SF
Price / SF$48.27
Days on Market169

Property Features for 130 E 16th Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Res
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 1
Elementary school district Hibbing
Middle school district Hibbing
High school district Hibbing
Subdivision Hibbing
Standard status Active
Size 1,968 SF

Utilities

Heating system Hot Water(Heating)

Building Details

Year built 1915
Number of units 2
Listing Agency: Andrea Olsson Properties
Listed By: Andrea Olsson
Added: Mar 11 Changed: Aug 4 Last Checked: Aug 26 at 4:06PM
MLS# 149582

Copyright © 2026 Range 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.

Investment Insights

Based on property information with market context.

This well-maintained upper/lower duplex is fully leased with long-term tenants. Off-street parking is available on the side of the property, supporting convenient day-to-day access for residents and guests.

The duplex is located at 130 E 16th Street in Hibbing, Minnesota. The building is served by hot water heating and was built in 1915. Interior rooms include multiple bedrooms and two bathrooms, supporting a clear residential layout for both the upper and lower units.

With its long-term tenant occupancy and established on-site parking, this duplex presents an income-oriented residential option in a Res zoning setting.

Key Highlights

  • Fully leased upper and lower duplex with long‑term tenants
  • Off‑street parking on the side of the property
  • Hot water heating

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Pharmacy (Bike/Boat/Book/etc) Store Grocery & Convenience Store Barber Shop Carpet & Flooring Store Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

569
Businesses Nearby

Demographics for 55746, MN

17,071
Population
8,999
Households
1.9
Avg Household Size
43
Median Age
19%
College-Educated
93%
High-School Grad
347.0 sq mi
ZIP Area
49
Density / Sq Mi
$55,694
Median Household Income
$38,268
Median Earnings
$739
Median Rent
$127,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Fully leased upper and lower duplex with long-term tenants, off-street parking, and hot water heat.
Where is this duplex located?
The property is located at 130 E 16th Street Hibbing, MN.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: Fully leased upper and lower duplex with long‑term tenants; Off‑street parking on the side of the property; Hot water heating
More about this property
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