Duluth Duplex: Investment
1432 E 4th St, Duluth, MN 55805
New
Duplex, Up & Down - Duluth, MN
Type:Duplex
Property size:
3,183 SFLot size:
0.24 AcresPrice / SF:
$172/SF- Added:
- May 23, 2026
- Days on Market:
- 1
- Last Refresh:
- May 23 at 9:06 pm
Property Features for 1432 E 4th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 10
- Rooms
- Basement, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Driveway, Off Street
- Interior features
- Natural Woodwork, Hardwood Floors
- EntryLevel
- Main,Upper
- Basement Y/N
- 1
- Standard status
- Active
- APN
- 010-1480-06730+ 010-1480-06720
- Size
- 3,183 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 6358
Utilities
- Heating system
- Natural Gas
Building Details
- Year built
- 1910
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Hardwood, Wood
- Building materials
- Brick
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent Jordan DeCaro (218) 428-0861
Listing office RE/MAX Results 2520 Maple Grove Road, Duluth, MN (952) 829-2900
Listing date May 23, 2026
MLS# 6125522
Listing URL
Copyright © 2026 Lake Superior 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.
HighLights
- High‑performing duplex investment property with strong income potential, currently leased for $4,700/month with tenants paying all utilities.
- Located in the heart of Duluth’s East Hillside neighborhood, near local colleges, downtown Duluth, and Lake Superior.
- Each unit features 5 bedrooms, two refrigerators, and a dishwasher, accommodating large tenant groups.
- Ample off‑street parking available, a highly desirable feature for multi‑tenant housing.
- Features a newer roof, adding value and peace of mind.
- Classic Duluth property with beautiful original woodwork and stunning hardwood floors throughout.
Overview
Located in the heart of Duluth’s East Hillside neighborhood, near local colleges, downtown Duluth, and Lake Superior, this duplex presents a high-performing investment opportunity. The multi-unit property is suitable for student housing or long-term rentals, offering income potential and a functional layout. Situated on a lot and a half, the property provides ample off-street parking. A newer roof adds value. The property has been maintained and features original woodwork and hardwood floors. The upper unit includes 5 bedrooms and 1 bathroom, with 3 bedrooms on the main level and 2 bedrooms in the finished attic space, along with a fireplace. The upper unit also includes two refrigerators and a dishwasher. The lower unit offers 5 bedrooms, with 2 bedrooms on the main floor and 3 bedrooms on the lower level. The lower unit also features its own fireplace, along with two refrigerators and a dishwasher. Both fireplaces are non-functional and serve as decorative features. The building is serviced by two separate boilers, allowing independent heating systems for each unit. A common laundry area located in the basement is shared between both units. The property is currently leased for $4,700 per month with tenants paying all utilities. Current lease terms run from June 1, 2026 through May 19, 2027. The property could also make an excellent future owner-occupied opportunity. The property size is 3183 square feet and the lot size is 0.24 acres.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$315.2K
NOI $28,365 @ 9.00% cap · cautious / downside scenario
Moderate
$405.2K
NOI $28,365 @ 7.00% cap · market / base-case scenario
Aggressive
$567.3K
NOI $28,365 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.0k | $13.50 |
| − Vacancy | −$2.4k | −$0.77 |
| EGI | $40.5k | $12.73 |
| − OpEx | −$12.2k | −$3.82 |
| NOI | $28.4k | $8.91 |
3,183 SF · lease $13.50/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$405.2K
$354.6K – $472.8K
NOI $28,365 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$372.4K
$325.8K – $434.4K
NOI $26,066 @ 7.0% cap · market cap 4.74%
Theoretical Best
Specialty Retail
$1.23M
$1.08M – $1.44M
NOI $86,431 @ 7.0% cap · market cap 15.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Duluth
- County
- St. Louis
- State
- Minnesota
- Longitude
- -92.083798
- Latitude
- 46.803653
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - High-performing duplex in Duluth's East Hillside neighborhood.
Where is this duplex located?
The property is located at 1432 E 4th St Duluth, MN.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: High‑performing duplex investment property with strong income potential, currently leased for $4,700/month with tenants paying all utilities.; Located in the heart of Duluth’s East Hillside neighborhood, near local colleges, downtown Duluth, and Lake Superior.; Each unit features 5 bedrooms, two refrigerators, and a dishwasher, accommodating large tenant groups.
