Downtown 8-Plex Apartment
For Sale
Contact for pricing
Pending
331 West 3rd Street, Duluth, MN 55806
An 8-unit apartment building with coin-operated laundry and off-street parking availability.
Property SizeContact for details
Days on Market129
Property Features for 331 West 3rd Street
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Multifamily Units
8
Amenities
coin-operated laundry
off-street parking
Building Details
Tenancy
Multi
Listing Agency:
Greg Follmer Commercial Real Estate
Listed By:
Trevor Samsa · License #MN 40474552
Source:
Crexi
Added: Apr 10
Changed: Aug 14
Last Checked: Aug 15 at 5:11AM
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 Greg Follmer Commercial Real Estate
Investment Insights
Based on property information with market context.
This downtown 8-plex apartment building includes 6 studio units and additional 1–2 bedroom and 1-bedroom units. The studio units use shared access to three bathrooms, while the 2-bedroom and 1-bedroom units each include a private bathroom. Coin-operated laundry is available on site, and some off-street parking is offered.
The property is located at 331 West 3rd Street in Duluth, MN. Current monthly rents total $3,090, and the owner pays utilities averaging $455 per month. A 2017 P&L is available from the owner’s management company upon request.
The property is located at 331 West 3rd Street in Duluth, MN. Current monthly rents total $3,090, and the owner pays utilities averaging $455 per month. A 2017 P&L is available from the owner’s management company upon request.
Key Highlights
- Downtown 8‑plex with 6 studio units, plus 1 2‑bedroom unit and 1 1‑bedroom unit
- Coin‑operated laundry on site
- Some off‑street parking available
Property Analytics
Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
509
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
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - An 8-unit apartment building with coin-operated laundry and off-street parking availability.
Where is this apartment building located?
The property is located at 331 West 3rd Street Duluth, MN.
What are key features of this property?
This property features: Downtown 8‑plex with 6 studio units, plus 1 2‑bedroom unit and 1 1‑bedroom unit; Coin‑operated laundry on site; Some off‑street parking available
