1530-1532 E 1st St, Duluth, MN 55812
MULTI_FAMILY - Duluth, MN
- Added:
- Jun 30, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 1 at 6:06 am
Property Features for 1530-1532 E 1st St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 6
- Rooms
- Bedroom 6, Bedroom 7, Bedroom 8, Bedroom 9, Basement, Bathroom 3, Bathroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 5
- Patio and Porch features
- Deck
- Exterior features
- Deck
- 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
- Oil, Baseboard, Hot Water(Heating), Natural Gas
Building Details
- Year built
- 1891
- Floors in Building
- 3
- Number of units
- 6
- Roof type
- Shingle
Listing agent Mark Sams License #40913067 (952) 829-2900
Listing office RE/MAX Results Duluth, MN (952) 829-2900
Listing date Jun 30, 2026
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
- Six‑unit apartment building with a year built of 1891
- Each unit has its own separate electrical service for utility management
- Recent improvements include a newer shingle roof
- Heating includes oil, baseboard, and hot water (heating), plus natural gas
- Exterior features include a deck
- Off‑street parking is available for tenants
Overview
The building is located at 1530-1532 E 1st St in Duluth, Minnesota 55812, within St. Louis County. The property is positioned for everyday accessibility, with nearby shopping, dining, public transportation, and local amenities noted as conveniences for tenants.
For buyers seeking a turn-key residential income asset, this configuration offers a straightforward multi-unit setup with individual electrical services and an apartment layout designed to support independent tenancy. The combination of ongoing maintenance and the stated newer roof improvement may appeal to investors or owner-operators looking for a manageable property without relying on shared electrical service arrangements.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.3k | $15.84 |
| − Vacancy | −$4.3k | −$0.95 |
| EGI | $68.0k | $14.89 |
| − OpEx | −$30.6k | −$6.70 |
| NOI | $37.4k | $8.19 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Duluth
- County
- St. Louis
- State
- Minnesota
- Longitude
- -92.079268
- Latitude
- 46.802579
