523 N 1st Ave E, Duluth, MN 55805
MULTI_FAMILY - Duluth, MN
- Added:
- Jun 8, 2026
- Days on Market:
- 20
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 523 N 1st Ave E
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 5, Basement, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2
- Standard status
- Active
- APN
- 010-1030-01040
- Size
- 2,208 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3501
Utilities
- Heating system
- Natural Gas
Building Details
- Year built
- 1896
- Floors in Building
- 2
- Number of units
- 2
Listing agent Andrew Frielund License #93626 (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
- Centrally located up/down duplex in Duluth
- 1896‑built duplex with natural gas heating
- Lower unit has 3 bedrooms
- Upper unit has 2 bedrooms plus a private balcony
- Off‑street parking available on the side
- Upper unit includes lake views
Overview
Located in Duluth, the address is 523 N 1st Ave E, Duluth, MN 55805, within St. Louis County. The listing positions the property as centrally located, supporting convenient access to everyday needs.
The layout offers flexibility for an owner-occupant or an investor seeking a straightforward duplex configuration. With bedroom counts split between the two units and dedicated off-street parking, the property can support a variety of household needs while keeping day-to-day living and potential rental arrangements clearly separated between levels.
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 | $29.8k | $13.50 |
| − Vacancy | −$1.7k | −$0.77 |
| EGI | $28.1k | $12.73 |
| − OpEx | −$8.4k | −$3.82 |
| NOI | $19.7k | $8.91 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Duluth
- County
- St. Louis
- State
- Minnesota
- Longitude
- -92.103306
- Latitude
- 46.791589
