Duplex with Separate
1026 E 3rd St Duluth, MN 55805
For Sale
$239,900
MULTI_FAMILY - Duluth, MN
Property Size849 SF
Lot Size0.08 Acres
Price / SF$282.57
Days on Market101
Property Features for 1026 E 3rd St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 4, Bathroom 1, Basement, Bathroom 2, Bedroom 1, Bedroom 3
- Basement
- Block, Unfinished
- Standard status
- Active
- APN
- 010-3830-09190
- Size
- 849 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 2833
Utilities
- Heating system
- Forced Air, Natural Gas
Building Details
- Year built
- 1886
- Floors in Building
- 2
- Number of units
- 2
Listing Agency:
RE/MAX Results
(952) 829-2900
Listed By:
Gary Kalligher
(952) 829-2900
Added: Apr 17
Changed: Jul 11
Last Checked: Jul 26 at 2:06AM
MLS# 6124508
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 property is an east end duplex setup with two separate dwellings on one lot. Each unit is served by its own utilities, which can simplify occupancy and ongoing management compared with shared utility arrangements. The offering is presented as a residential income investment with two distinct places to live under one ownership structure.
The address is 1026 E 3rd St in Duluth, MN 55805. The public remarks note convenient proximity to universities and hospitals, access to a bus line, and closeness to downtown amenities. St. Luke’s Hospital (Aspirus) is referenced as being on or near surrounding lots.
For buyers seeking a small residential income asset, this two-dwelling configuration may fit well where the goal is managing separate units while keeping them under one roofline for ownership purposes. The separate-utilities layout can also be a practical match for operators who prefer clearer unit-by-unit utility responsibility. As presented, the property is a for-sale duplex investment with two separate dwellings and an owner-controlled, single-lot framework.
The address is 1026 E 3rd St in Duluth, MN 55805. The public remarks note convenient proximity to universities and hospitals, access to a bus line, and closeness to downtown amenities. St. Luke’s Hospital (Aspirus) is referenced as being on or near surrounding lots.
For buyers seeking a small residential income asset, this two-dwelling configuration may fit well where the goal is managing separate units while keeping them under one roofline for ownership purposes. The separate-utilities layout can also be a practical match for operators who prefer clearer unit-by-unit utility responsibility. As presented, the property is a for-sale duplex investment with two separate dwellings and an owner-controlled, single-lot framework.
Key Highlights
- Two separate dwellings on one lot (2 units) with separate utilities for each unit
- Heating: forced air with natural gas
- Year built: 1886
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 | $11.5k | $13.50 |
| − Vacancy | −$653 | −$0.77 |
| EGI | $10.8k | $12.73 |
| − OpEx | −$3.2k | −$3.82 |
| NOI | $7.6k | $8.91 |
849 SF · lease $13.50/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$108.1K
$94.6K – $126.1K
NOI $7,566 @ 7.0% cap · market cap 3.15%
Second Best
Apartment 5plus
$99.3K
$86.9K – $115.9K
NOI $6,953 @ 7.0% cap · market cap 2.90%
Theoretical Best
Specialty Retail
$329.3K
$288.2K – $384.2K
NOI $23,054 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Marcia's Fleece Blankets
Furniture & Home Goods
FAQs
What type of property is this?
Duplex - Two dwellings on one lot, each with separate utilities, offering straightforward residential income flexibility.
Where is this duplex located?
The property is located at 1026 E 3rd St Duluth, MN.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two separate dwellings on one lot (2 units) with separate utilities for each unit; Heating: forced air with natural gas; Year built: 1886
