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Updated Duplex with Three-Bedroom Unit
New
For Sale
$324,900

508 4th Ave, Two Harbors, MN 55616

MULTI-FAMILY, Two Harbors, MN

Property Size1,746 SF
Lot Size0.16 Acres
Price / SF$186.08
Days on Market7

Property Features for 508 4th Ave

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 5
Bathrooms 2
Full bathrooms 2
Rooms Basement, Bedroom 5, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2
Basement Block
Elementary school district Lake Superior #381
Middle school district Lake Superior #381
High school district Lake Superior #381
Directions waterfront drive, left on 4th Ave
Subdivision LSAR
Standard status Active
APN 23-7660-16020
Size 1,746 SF
Lot size 0.16 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 2876

Utilities

Heating system Oil

Amenities

on-site laundry

Building Details

Year built 1888
Floors in Building 2
Number of units 2
Listing Agency: Century 21 Atwood · Century 21 Real Estate
Listed By: Lynn Larson
Added: Sep 9 Changed: Sep 12 Last Checked: Sep 15 at 4:06AM
MLS# 6127872

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 duplex contains 1,746 square feet on a 0.16-acre lot and was built in 1888. The lower residence has received new flooring, a new kitchen, and an updated bathroom. The upper apartment includes three bedrooms and its own private entrance, providing a distinct layout within the property. Basement space supplies storage and on-site laundry facilities.

Exterior work includes replacement siding, windows, decking, and stairs. The property is located at 508 4th Ave in downtown Two Harbors, Minnesota, within Lake County and ZIP Code 55616. Oil heating serves the building.

Key Highlights

  • 1,746‑square‑foot duplex on a 0.16‑acre lot
  • Upper apartment includes three bedrooms and a private entry
  • Lower residence updated with new flooring, kitchen, and bathroom

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Auto Repair Shop Law Firm Electrical Service Bakery Grocery & Convenience Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

431
Businesses Nearby

Demographics for 55616, MN

7,024
Population
4,103
Households
1.7
Avg Household Size
47
Median Age
24%
College-Educated
92%
High-School Grad
479.7 sq mi
ZIP Area
15
Density / Sq Mi
$77,242
Median Household Income
$46,979
Median Earnings
$1,045
Median Rent
$237,000
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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit property with a private-entry upper apartment, refreshed lower residence, basement storage, and on-site laundry.
Where is this duplex located?
The property is located at 508 4th Ave Two Harbors, MN.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: 1,746‑square‑foot duplex on a 0.16‑acre lot; Upper apartment includes three bedrooms and a private entry; Lower residence updated with new flooring, kitchen, and bathroom
More about this property
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