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Fully Leased Duplex
For Sale
$95,000

130 E 16th St, Hibbing, MN 55746

Upper- and lower-level layout with off-street parking and established tenancy.

Property Size1,968 SF
Price / SF$48.27
Days on Market81

Property Features for 130 E 16th St

General Information

Standard status Active
Size 1,968 SF
Property subtype Multi-Family
Occupancy 100%

Additional Details

Multifamily Units 2

Building Details

Year Built 1915
Listing Agency: Andrea Olsson Properties
Listed By: Andrea M. Olsson
Source: Homesminn
Added: Jul 28 Changed: Oct 15 Last Checked: Oct 7 at 4:00PM

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 Andrea Olsson Properties

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Investment Insights

Based on property information with market context.

This duplex at 130 E 16th St in Hibbing, Minnesota, contains 1,968 square feet arranged in upper and lower living spaces. The property is fully leased to long-term tenants, providing established occupancy for an owner-user or investor.

Built in 1915, the property includes off-street parking along the side of the site. Its residential income configuration offers two distinct levels within a single duplex structure.

Key Highlights

  • 1,968 SF duplex with upper- and lower‑level living spaces
  • Fully leased to long‑term tenants
  • Off‑street parking along the side of the property

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Pharmacy (Bike/Boat/Book/etc) Store Grocery & Convenience Store Barber Shop Carpet & Flooring Store Plumbing Service

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

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

569
Businesses Nearby

Demographics for 55746, MN

17,071
Population
8,999
Households
1.9
Avg Household Size
43
Median Age
19%
College-Educated
93%
High-School Grad
347.0 sq mi
ZIP Area
49
Density / Sq Mi
$55,694
Median Household Income
$38,268
Median Earnings
$739
Median Rent
$127,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Upper- and lower-level layout with off-street parking and established tenancy.
Where is this duplex located?
The property is located at 130 E 16th St Hibbing, MN.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: 1,968 SF duplex with upper- and lower‑level living spaces; Fully leased to long‑term tenants; Off‑street parking along the side of the property
More about this property
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