Licensed Triplex with Front
For Sale
$259,000
201 E McCuen St, Duluth, MN 55808
Three-unit property with vinyl siding, a newer roof, and established rental use.
Property Size2,288 SF
Price / SF$113.20
Days on Market25
Property Features for 201 E McCuen St
General Information
Standard status
Active
Size
2,288 SF
Property subtype
Multi-Family
Building Details
Year Built
1914
Listing Agency:
RE/MAX Results
Listed By:
Mark Sams · License #40913067
(218) 393-4414
Source:
Biglifeteam
Added: Sep 11
Changed: Sep 28
Last Checked: Oct 4 at 3:11PM
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 RE/MAX Results
Investment Insights
Based on property information with market context.
This fully licensed triplex at 201 E McCuen St in Duluth, Minnesota, contains 2,288 square feet and was built in 1914. The property is configured for rental use and includes vinyl siding, a spacious front porch, and a newer roof.
Located in the New Duluth area, the building combines three residential units with established income-producing use. Its documented licensing and existing improvements provide a clear physical and operational profile for evaluating the property.
Located in the New Duluth area, the building combines three residential units with established income-producing use. Its documented licensing and existing improvements provide a clear physical and operational profile for evaluating the property.
Key Highlights
- Fully licensed triplex at 201 E McCuen St, Duluth, MN 55808
- 2,288‑square‑foot multifamily property built in 1914
- Three residential units configured for rental use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,389
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,780
$407.8K
Cap Rate 7%
$291,271
$291.3K
Cap Rate 9%
$226,544
$226.5K
Market Conditions
NOI Build-Up for 2,288 SF
Gross rent
$30.9K $13.50/SF
− Vacancy
−$1.8K −$0.77/SF
EGI
$29.1K $12.73/SF
− OpEx
−$8.7K −$3.82/SF
NOI
$20.4K $8.91/SF
Area
St. Louis County, MN
Vacancy
5.70%
Lease Rate
$13.50 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,780
Cap Rate 7%
$291,271
Cap Rate 9%
$226,544
Alternative Uses
Best Use
Multifamily LT 5
$291.3K
$254.9K – $339.8K
NOI $20,389 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$267.7K
$234.2K – $312.3K
NOI $18,737 @ 7.0% cap · market cap 7.23%
Theoretical Best
Specialty Retail
$887.6K
$776.6K – $1.04M
NOI $62,129 @ 7.0% cap · market cap 23.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Explore this area
Business Placement
Demographics for 55808, MN
5,943
Population
2,786
Households
2.1
Avg Household Size
40
Median Age
21%
College-Educated
93%
High-School Grad
12.0 sq mi
ZIP Area
495
Density / Sq Mi
$59,808
Median Household Income
$45,987
Median Earnings
$933
Median Rent
$157,500
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with vinyl siding, a newer roof, and established rental use.
Where is this triplex located?
The property is located at 201 E McCuen St Duluth, MN.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Fully licensed triplex at 201 E McCuen St, Duluth, MN 55808; 2,288‑square‑foot multifamily property built in 1914; Three residential units configured for rental use
