Duplex with Dual
For Sale
$399,900
1415 E 4th St, Duluth, MN 55805
MULTI-FAMILY, Duluth, MN
Property Size2,563 SF
Lot Size0.17 Acres
Price / SF$156.03
Days on Market8
Property Features for 1415 E 4th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 5, Bathroom 2, Basement, Bedroom 6
Elementary school district
Duluth #709
Middle school district
Duluth #709
High school district
Duluth #709
Directions
From E Superior St, head north on N 14th Ave E, then turn right onto E 4th St; the property will be on your left.
Subdivision
LSAR
Standard status
Active
APN
010-1480-08340
Size
2,563 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4770
Utilities
Heating system
Natural Gas, Oil
Building Details
Year built
1909
Floors in Building
2
Number of units
2
Roof type
Shingle
Listing Agency:
RE/MAX Results · RE/MAX International
(952) 829-2900
Listed By:
Jordan Decaro · License #40286367|WI79981-94
(218) 722-2811
Added: Sep 28
Changed: Oct 2
Last Checked: Oct 5 at 6:06PM
MLS# 6128191
Copyright © 2026 Lake Superior 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.
Investment Insights
Based on property information with market context.
Built in 1909, this 2,563-square-foot duplex sits on a 0.17-acre lot and has six bedrooms, two kitchens, two living rooms, and two bathrooms. Separate electrical panels, boilers, electric meters, and gas meters serve the property. It is currently leased to one group through 5/19/2027, with a subsequent lease in place from 6/1/2027 through 5/19/2028. Heating is provided by oil and natural gas.
The property includes a two-stall garage and five off-street parking spaces. Chester Creek walking paths are two doors away, with Burrito Union and a bus stop approximately half a block from the property. UMD is approximately 1.5 miles away, and CSS is approximately 2 miles away.
Recent capital work includes a parking lot and sidewalks completed in 2022 and garage bracing added in 2025. Other listed features include a walk-in shower, dishwasher, washer and dryer, and refrigerators.
The property includes a two-stall garage and five off-street parking spaces. Chester Creek walking paths are two doors away, with Burrito Union and a bus stop approximately half a block from the property. UMD is approximately 1.5 miles away, and CSS is approximately 2 miles away.
Recent capital work includes a parking lot and sidewalks completed in 2022 and garage bracing added in 2025. Other listed features include a walk-in shower, dishwasher, washer and dryer, and refrigerators.
Key Highlights
- Six‑bedroom duplex with two kitchens, two living rooms, and two bathrooms
- Separate electrical panels, boilers, electric meters, and gas meters
- Current lease through 5/19/2027; subsequent lease runs 6/1/2027 through 5/19/2028
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,840
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,800
$456.8K
Cap Rate 7%
$326,286
$326.3K
Cap Rate 9%
$253,778
$253.8K
Market Conditions
NOI Build-Up for 2,563 SF
Gross rent
$34.6K $13.50/SF
− Vacancy
−$2.0K −$0.77/SF
EGI
$32.6K $12.73/SF
− OpEx
−$9.8K −$3.82/SF
NOI
$22.8K $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%
$456,800
Cap Rate 7%
$326,286
Cap Rate 9%
$253,778
Alternative Uses
Best Use
Multifamily LT 5
$326.3K
$285.5K – $380.7K
NOI $22,840 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$299.8K
$262.4K – $349.8K
NOI $20,989 @ 7.0% cap · market cap 5.25%
Theoretical Best
Specialty Retail
$994.2K
$870.0K – $1.16M
NOI $69,596 @ 7.0% cap · market cap 17.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,707
Businesses Nearby
Explore this area
Business Placement
Demographics for 55805, MN
9,731
Population
5,430
Households
1.8
Avg Household Size
31
Median Age
37%
College-Educated
93%
High-School Grad
1.4 sq mi
ZIP Area
6,951
Density / Sq Mi
$43,077
Median Household Income
$26,309
Median Earnings
$984
Median Rent
$171,100
Median Home Value
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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?
Duplex - Two living areas and separate utility systems support the building’s duplex configuration.
Where is this duplex located?
The property is located at 1415 E 4th St Duluth, MN.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Six‑bedroom duplex with two kitchens, two living rooms, and two bathrooms; Separate electrical panels, boilers, electric meters, and gas meters; Current lease through 5/19/2027; subsequent lease runs 6/1/2027 through 5/19/2028
