Six-Unit Apartment
For Sale
$699,000
1530-1532 E 1st St, Duluth, MN 55812
MULTI-FAMILY, Duluth, MN
Property Size4,566 SF
Lot Size0.10 Acres
Price / SF$153.09
Days on Market97
Property Features for 1530-1532 E 1st St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
6
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 5, Bedroom 6, Bathroom 3, Bedroom 7, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 8, Bathroom 2, Bedroom 9, Bedroom 2, Bathroom 4, Basement
Patio and Porch features
Deck
Exterior features
Deck
Elementary school district
Duluth #709
Middle school district
Duluth #709
High school district
Duluth #709
Directions
go east on 1st Property is on your right
Subdivision
LSAR
Standard status
Active
APN
010-1480-01230
Size
4,566 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7594
Utilities
Heating system
Hot Water(Heating), Baseboard, Natural Gas, Oil
Building Details
Year built
1891
Floors in Building
3
Number of units
6
Roof type
Shingle
Listing Agency:
RE/MAX Results · RE/MAX International
(952) 829-2900
Listed By:
Mark Sams · License #40913067
(218) 393-4414
Added: Jul 1
Changed: Sep 14
Last Checked: Oct 5 at 3:06PM
MLS# 6126425
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.
Investment Insights
Based on property information with market context.
This 4,566-square-foot apartment property contains six units and was built in 1891. The building includes a deck, basement, off-street parking, and a shingle roof, with a newer roof among its recorded improvements. Heating features include oil, hot water, natural gas, and baseboard systems. Each apartment has separate electrical service.
The property is located at 1530-1532 E 1st St in Duluth, Minnesota. Shopping, dining, public transportation, and other local amenities are identified in the surrounding area. The combination of multiple apartments, individual electrical service, parking, and established building improvements provides a clear overview of the asset’s physical configuration.
The property is located at 1530-1532 E 1st St in Duluth, Minnesota. Shopping, dining, public transportation, and other local amenities are identified in the surrounding area. The combination of multiple apartments, individual electrical service, parking, and established building improvements provides a clear overview of the asset’s physical configuration.
Key Highlights
- Six‑unit apartment building with 4,566 square feet
- Built in 1891 on 0.1 acres
- Separate electrical service for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,392
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,840
$747.8K
Cap Rate 7%
$534,171
$534.2K
Cap Rate 9%
$415,467
$415.5K
Market Conditions
NOI Build-Up for 4,566 SF
Gross rent
$72.3K $15.84/SF
− Vacancy
−$4.3K −$0.95/SF
EGI
$68.0K $14.89/SF
− OpEx
−$30.6K −$6.70/SF
NOI
$37.4K $8.19/SF
Area
St. Louis County, MN
Vacancy
6.00%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,840
Cap Rate 7%
$534,171
Cap Rate 9%
$415,467
Alternative Uses
Best Use
Apartment 5plus
$534.2K
$467.4K – $623.2K
NOI $37,392 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.77M
$1.55M – $2.07M
NOI $123,986 @ 7.0% cap · market cap 17.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
6
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,658
Businesses Nearby
Explore this area
Business Placement
Demographics for 55812, MN
10,571
Population
3,954
Households
2.7
Avg Household Size
27
Median Age
60%
College-Educated
98%
High-School Grad
1.9 sq mi
ZIP Area
5,564
Density / Sq Mi
$66,961
Median Household Income
$16,485
Median Earnings
$1,216
Median Rent
$301,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Separate electrical service for each unit supports straightforward utility management.
Where is this apartment building located?
The property is located at 1530-1532 E 1st St Duluth, MN.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Six‑unit apartment building with 4,566 square feet; Built in 1891 on 0.1 acres; Separate electrical service for each unit
