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15-Unit Apartment Portfolio
For Sale
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110-114 N 6th Ave E, Duluth, MN 55805

Renovated interiors and building systems pair historic character with contemporary kitchens, bathrooms, and finishes.

Property Size874 SF
Price / SF$1,945
Days on Market16

Property Features for 110-114 N 6th Ave E

General Information

Standard status Active
Size 874 SF
Class C
Total Parking Spaces 5
Property subtype Multifamily
Occupancy 86%
Investment Type Stabilized
Net Operating Income $163,982

Additional Details

Average Monthly Rent $1,302
Road Access Yes
Multifamily Units 15

Building Details

Year Built 1891
Buildings 3
Stories 3
Units 15
Tenancy Multi
Listing Agency: Colliers
Listed By: Devon Dvorak · License #40646599
Source: Crexi
Added: Aug 18 Changed: Aug 31 Last Checked: Aug 31 at 6:44AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers

Investment Insights

Based on property information with market context.

This 15-unit apartment portfolio in Duluth, Minnesota, combines historic building character with updated residential interiors. Improvements include renovated units, refreshed kitchens and bathrooms, and upgrades to key building systems. Apartments average 874 square feet and feature modern finishes within the existing historic setting.

The property overlooks Lake Superior with unobstructed water views and is near Essentia Health’s new medical campus, Fitger’s, the University of Minnesota Duluth, Canal Park, and Downtown Duluth. Its location provides access to healthcare, higher education, employment, entertainment, and tourism destinations within the city.

The portfolio is offered for sale as a multifamily investment comprising 15 apartments, with unit enhancements already completed and additional interior improvement work identified in the property information.

Key Highlights

  • 15‑unit multifamily portfolio in Duluth, Minnesota
  • Apartments average 874 square feet
  • Unobstructed Lake Superior water views

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Storage Facility Barber Shop Electrical Service Nail Salon Garden Center (Bike/Boat/Book/etc) Store

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

15
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

4,159
Businesses Nearby

Demographics for 55805, MN

9,731
Population
5,430
Households
1.8
Avg Household Size
31
Median Age
37%
College-Educated
93%
High-School Grad
1.4 sq mi
ZIP Area
6,951
Density / Sq Mi
$43,077
Median Household Income
$26,309
Median Earnings
$984
Median Rent
$171,100
Median Home Value

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?
Apartment building - Renovated interiors and building systems pair historic character with contemporary kitchens, bathrooms, and finishes.
Where is this apartment building located?
The property is located at 110-114 N 6th Ave E Duluth, MN.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 15‑unit multifamily portfolio in Duluth, Minnesota; Apartments average 874 square feet; Unobstructed Lake Superior water views
More about this property
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