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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 Market34

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: Aug 29 Last Checked: Aug 26 at 9:22AM

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

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

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

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?
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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