Duplex With On-Site
For Sale
$419,900
119 N 7th Ave W, Duluth, MN 55806
MULTI-FAMILY, Duluth, MN
Property Size3,107 SF
Lot Size0.11 Acres
Price / SF$135.15
Days on Market52
Property Features for 119 N 7th Ave W
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 5, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3, Basement
Elementary school district
Duluth #709
Middle school district
Duluth #709
High school district
Duluth #709
Directions
Use GPS
Subdivision
LSAR
Standard status
Active
APN
010-1230-02850
Size
3,107 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5379
Utilities
Heating system
Natural Gas, Oil
Amenities
laundry available in each unit
multiple porches
semi-fenced yard
Building Details
Year built
1888
Floors in Building
2
Number of units
2
Roof type
Shingle
Listing Agency:
RE/MAX Results · RE/MAX International
(952) 829-2900
Listed By:
Tom Little · License #20167296
(218) 310-3334
Added: Aug 26
Changed: Oct 13
Last Checked: Oct 16 at 12:06PM
MLS# 6127610
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.
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Investment Insights
Based on property information with market context.
This duplex contains 3,107 square feet within a two-unit layout and includes two bathrooms, laundry in each unit, and basement storage. Multiple porches, a semi-fenced yard, and off-street parking add usable outdoor and site features. The property was built in 1888 and has a shingle roof with oil and natural gas heating.
Located at 119 N 7th Ave W in Duluth, the property offers access to downtown Duluth, Canal Park, shopping, dining, and other area amenities. Its 0.11-acre parcel supports the existing residential configuration and associated outdoor space.
Located at 119 N 7th Ave W in Duluth, the property offers access to downtown Duluth, Canal Park, shopping, dining, and other area amenities. Its 0.11-acre parcel supports the existing residential configuration and associated outdoor space.
Key Highlights
- 3,107‑square‑foot duplex on a 0.11‑acre parcel
- Laundry available in each unit
- Two bathrooms and basement storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,688
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,760
$553.8K
Cap Rate 7%
$395,543
$395.5K
Cap Rate 9%
$307,644
$307.6K
Market Conditions
NOI Build-Up for 3,107 SF
Gross rent
$41.9K $13.50/SF
− Vacancy
−$2.4K −$0.77/SF
EGI
$39.6K $12.73/SF
− OpEx
−$11.9K −$3.82/SF
NOI
$27.7K $8.91/SF
Area
St. Louis County, MN
Vacancy
5.70%
Lease Rate
$13.50 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,760
Cap Rate 7%
$395,543
Cap Rate 9%
$307,644
Alternative Uses
Best Use
Multifamily LT 5
$395.5K
$346.1K – $461.5K
NOI $27,688 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$363.5K
$318.1K – $424.1K
NOI $25,444 @ 7.0% cap · market cap 6.06%
Theoretical Best
Specialty Retail
$1.21M
$1.05M – $1.41M
NOI $84,368 @ 7.0% cap · market cap 20.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,037
Businesses Nearby
Explore this area
Business Placement
Demographics for 55806, MN
9,761
Population
4,848
Households
2
Avg Household Size
34
Median Age
28%
College-Educated
93%
High-School Grad
3.4 sq mi
ZIP Area
2,871
Density / Sq Mi
$44,962
Median Household Income
$33,868
Median Earnings
$910
Median Rent
$156,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with individual laundry, porches, basement storage, and off-street parking.
Where is this duplex located?
The property is located at 119 N 7th Ave W Duluth, MN.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: 3,107‑square‑foot duplex on a 0.11‑acre parcel; Laundry available in each unit; Two bathrooms and basement storage
