Brownstone Apartment
For Sale
Contact for pricing
1321 East 1st Street, Duluth, MN 55812
Vintage apartment property with an inner courtyard, central lobby, on-site laundry, fitness room, and outdoor parking.
Property SizeContact for details
Days on Market146
Property Features for 1321 East 1st Street
General Information
Standard status
Active
Total Parking Spaces
58
Property subtype
Multifamily
Units
Unit Mix
29 efficiencies, 3 studios, 30 one-bedrooms
Multifamily Units
62
Amenities
on-site laundry room
on-site manager's office
fitness room
additional storage units in the basement
Building Details
Year Built
1922
Buildings
1
Construction
brownstone
Listing Agency:
Colliers International Minneapolis
Listed By:
Adam Haydon · License #40646599
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 31 at 1:02AM
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 Colliers International Minneapolis
Investment Insights
Based on property information with market context.
Built in 1922, this brownstone apartment building contains 62 units comprising 29 efficiencies, 3 studios, and 30 one-bedrooms. The interior includes a courtyard connected to a central lobby, while select residences feature hardwood floors and decorative fireplaces. Large walk-in closets, original crown molding, wood built-ins, and retained period light fixtures add architectural character. Property amenities include an on-site manager’s office, laundry room, fitness room, and basement storage units. A single-membrane rubber roof was installed in the summer of 2016.
The property is located at 1321 East 1st Street in Duluth, Minnesota, 2 blocks from Lake Superior and less than one mile from downtown Duluth. St. Luke's Hospital and St. Mary's Medical Center are also nearby. Two separate surface parking lots provide 58 spaces, and the property includes an end of year one CAP rate of 6.9% and total return of 14.4%.
The property is located at 1321 East 1st Street in Duluth, Minnesota, 2 blocks from Lake Superior and less than one mile from downtown Duluth. St. Luke's Hospital and St. Mary's Medical Center are also nearby. Two separate surface parking lots provide 58 spaces, and the property includes an end of year one CAP rate of 6.9% and total return of 14.4%.
Key Highlights
- 62 apartments: 29 efficiencies, 3 studios, and 30 one‑bedrooms
- Built in 1922 with original crown molding, wood built‑ins, light fixtures, and chandeliers
- Two surface parking lots provide 58 spaces
Property Analytics
Property Profile
Current Use
Lease Details
62
Residential units
Location Intelligence
Trade Area within ½ mile
1,770
Businesses Nearby
Explore this area
Business Placement
Demographics for 55812, MN
10,571
Population
3,954
Households
2.7
Avg Household Size
27
Median Age
60%
College-Educated
98%
High-School Grad
1.9 sq mi
ZIP Area
5,564
Density / Sq Mi
$66,961
Median Household Income
$16,485
Median Earnings
$1,216
Median Rent
$301,600
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 - Vintage apartment property with an inner courtyard, central lobby, on-site laundry, fitness room, and outdoor parking.
Where is this apartment building located?
The property is located at 1321 East 1st Street Duluth, MN.
What are key features of this property?
This property features: 62 apartments: 29 efficiencies, 3 studios, and 30 one‑bedrooms; Built in 1922 with original crown molding, wood built‑ins, light fixtures, and chandeliers; Two surface parking lots provide 58 spaces
