2417 Vermilion Rd, Duluth, MN 55803
MULTI_FAMILY - Duluth, MN
- Added:
- Jun 8, 2026
- Days on Market:
- 20
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 2417 Vermilion Rd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 10
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 7, Bedroom 4, Bedroom 8, Bathroom 4, Basement, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 9, Bedroom 1, Bathroom 1, Bedroom 10
- Parking features
- Off Street
- Basement
- Block
- Standard status
- Active
- APN
- 010-3870-00160
- Size
- 2,912 SF
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 7370
Utilities
- Heating system
- Electric (Heating)
Building Details
- Year built
- 2003
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
Listing agent Tracy Ramsay License #40762684 (952) 829-2900
Listing office RE/MAX Results Duluth, MN (952) 829-2900
Listing date Jun 8, 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
- Duplex built in 2003 with two identical units, each with 5 bedrooms and 2 full bathrooms
- Electric heating and an air exchanger for year‑round comfort
- Basement includes shared laundry
- Off‑street parking plus a tuck‑under garage with extra storage
- Roof is shingle
- Must be purchased together with 2425 Vermilion Rd
Overview
Set on a 0.36-acre lot with 2,912 square feet of total building area, the property is supported by plenty of off-street parking. The listing also notes that the duplex is paired with a neighboring single-family rental at 2425 Vermilion Rd.
For tenants or owners seeking consistent unit design, the mirrored layouts can simplify operations and leasing. For investors, the property is presented as an income-producing duplex in excellent condition, with dedicated unit space, shared basement laundry, and parking available on-site. Please note the listing requirement: this property must be purchased together with 2425 Vermilion Rd.
Local Financial Insights For Multifamily LT 5
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 | $39.3k | $13.50 |
| − Vacancy | −$2.2k | −$0.77 |
| EGI | $37.1k | $12.73 |
| − OpEx | −$11.1k | −$3.82 |
| NOI | $25.9k | $8.91 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Duluth
- County
- St. Louis
- State
- Minnesota
- Longitude
- -92.068319
- Latitude
- 46.836278
