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Two-Unit Duplex with Off-Street Parking
For Sale
$95,000

130 E 16th Street, Hibbing, MN 55746

MULTI FAMILY, Hibbing, MN

Property Size1,968 SF
Price / SF$48.27
Days on Market221

Property Features for 130 E 16th Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Res
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 3
Elementary school district Hibbing
Middle school district Hibbing
High school district Hibbing
Subdivision Hibbing
Standard status Active
Size 1,968 SF

Utilities

Heating system Hot Water(Heating)

Building Details

Year built 1915
Number of units 2
Listing Agency: Andrea Olsson Properties
Listed By: Andrea Olsson
Added: Mar 11 Changed: Sep 16 Last Checked: Oct 17 at 10:06PM
MLS# 149582

Copyright © 2026 Range 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 1,968 square feet arranged as upper and lower residential units. The room count includes four bedrooms and two bathrooms, with hot-water heating serving the property. Built in 1915, the building carries residential zoning and is currently fully leased.

Off-street parking is provided along the side of the property. The existing configuration and leased status offer a straightforward two-unit residential income property in Hibbing, Minnesota.

Key Highlights

  • 1,968‑square‑foot duplex with upper and lower residential units
  • Fully leased with long‑term tenants
  • Four bedrooms and two bathrooms

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
Multi-tenant
Tenancy

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
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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 - Fully leased residential property with separate upper and lower living spaces.
Where is this duplex located?
The property is located at 130 E 16th Street 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‑square‑foot duplex with upper and lower residential units; Fully leased with long‑term tenants; Four bedrooms and two bathrooms
More about this property
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