Duplex with Finished
1432 E 4th St, Duluth, MN 55805
For Sale
New
$490,000
MULTI-FAMILY, Duluth, MN
Property Size3,183 SF
Lot Size0.24 Acres
Price / SF$153.94
Days on Market2
Property Features for 1432 E 4th St
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Basement
View
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Amenities
common laundry area
Building Details
Year built
Floors in Building
Number of units
Roof type
Listing Agency:
RE/MAX Results · RE/MAX International
Listed By:
Jordan Decaro · License #40286367|WI79981-94
(952) 829-2900
Added: Nov 6
Last Checked: Nov 7 at 11:06AM
MLS# 6128794
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.
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Investment Insights
Based on property information with market context.
This 3,183-square-foot duplex contains two five-bedroom apartments on a 0.24-acre lot. The upper unit has one bathroom and two additional bedrooms in a finished attic; the lower unit has bedrooms on both the main and lower levels. Each apartment has a decorative, non-operational fireplace, two refrigerators and a dishwasher. Two separate boilers serve the units, and a shared laundry area is located in the basement. The property was built in 1910 and has a shingle roof.
Key Highlights
- Two apartments, each with five bedrooms
- Upper unit includes a finished attic with two bedrooms
- 3,183 square feet on 0.24 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,365
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,300
$567.3K
Cap Rate 7%
$405,214
$405.2K
Cap Rate 9%
$315,167
$315.2K
Market Conditions
NOI Build-Up for 3,183 SF
Gross rent
$43.0K $13.50/SF
− Vacancy
−$2.4K −$0.77/SF
EGI
$40.5K $12.73/SF
− OpEx
−$12.2K −$3.82/SF
NOI
$28.4K $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%
$567,300
Cap Rate 7%
$405,214
Cap Rate 9%
$315,167
Alternative Uses
Best Use
Multifamily LT 5
$405.2K
$354.6K – $472.8K
NOI $28,365 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$372.4K
$325.8K – $434.4K
NOI $26,066 @ 7.0% cap · market cap 5.32%
Theoretical Best
Specialty Retail
$1.23M
$1.08M – $1.44M
NOI $86,431 @ 7.0% cap · market cap 17.64%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,724
Businesses Nearby
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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
$171,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in St. Louis County, MN
Properties on Market for Duplexes in St. Louis County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately heated apartments provide five bedrooms each, with shared basement laundry and off-street parking.
Where is this duplex located?
The property is located at 1432 E 4th St Duluth, MN.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Two apartments, each with five bedrooms; Upper unit includes a finished attic with two bedrooms; 3,183 square feet on 0.24 acres
