Licensed Triplex with Front
New
For Sale
$259,000
201 E McCuen St, Duluth, MN 55808
MULTI-FAMILY, Duluth, MN
Property Size2,288 SF
Lot Size0.12 Acres
Price / SF$113.20
Days on Market5
Property Features for 201 E McCuen St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Basement, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 3
Lot features
Corner Lot
Elementary school district
Duluth #709
Middle school district
Duluth #709
High school district
Duluth #709
Directions
Take Commonwealth Avenue, left on McCuen St, house on left.
Subdivision
LSAR
Standard status
Active
APN
010-3430-01940
Size
2,288 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3534
Utilities
Heating system
Electric (Heating), Natural Gas, Forced Air
Amenities
front porch
Building Details
Year built
1914
Floors in Building
2
Number of units
3
Roof type
Shingle
Listing Agency:
RE/MAX Results · RE/MAX International
(952) 829-2900
Listed By:
Mark Sams · License #40913067
(952) 829-2900
Added: Aug 19
Last Checked: Aug 23 at 10:06PM
MLS# 6127447
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 2,288-square-foot triplex sits on a 0.12-acre lot and was built in 1914. The property includes vinyl siding, a shingle roof, a spacious front porch, and a basement. The room inventory identifies four bedrooms and three bathrooms, while heating is provided through electric, natural gas, and forced-air systems.
The triplex is fully licensed and configured as a rental property. Its exterior improvements include a newer roof and durable vinyl siding, with the front porch adding covered outdoor space. The property is located in Duluth, Minnesota, in St. Louis County.
The triplex is fully licensed and configured as a rental property. Its exterior improvements include a newer roof and durable vinyl siding, with the front porch adding covered outdoor space. The property is located in Duluth, Minnesota, in St. Louis County.
Key Highlights
- Fully licensed triplex
- 2,288 square feet on a 0.12‑acre lot
- Four bedrooms, three bathrooms, and a basement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,389
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$407,780
$407.8K
Cap Rate 7%
$291,271
$291.3K
Cap Rate 9%
$226,544
$226.5K
Market Conditions
NOI Build-Up for 2,288 SF
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.
Gross rent
$30.9K $13.50/SF
− Vacancy
−$1.8K −$0.77/SF
EGI
$29.1K $12.73/SF
− OpEx
−$8.7K −$3.82/SF
NOI
$20.4K $8.91/SF
Area
St. Louis County, MN
Vacancy
5.70%
Lease Rate
$13.50 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$407,780
Cap Rate 7%
$291,271
Cap Rate 9%
$226,544
Alternative Uses
Best Use
Multifamily LT 5
$291.3K
$254.9K – $339.8K
NOI $20,389 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$267.7K
$234.2K – $312.3K
NOI $18,737 @ 7.0% cap · market cap 7.23%
Theoretical Best
Specialty Retail
$887.6K
$776.6K – $1.04M
NOI $62,129 @ 7.0% cap · market cap 23.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Explore this area
Business Placement
Demographics for 55808, MN
5,943
Population
2,786
Households
2.1
Avg Household Size
40
Median Age
21%
College-Educated
93%
High-School Grad
12.0 sq mi
ZIP Area
495
Density / Sq Mi
$59,808
Median Household Income
$45,987
Median Earnings
$933
Median Rent
$157,500
Median Home Value
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?
Triplex - Three-unit property with vinyl siding, a basement, and electric, natural gas, and forced-air heating.
Where is this triplex located?
The property is located at 201 E McCuen St Duluth, MN.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Fully licensed triplex; 2,288 square feet on a 0.12‑acre lot; Four bedrooms, three bathrooms, and a basement
