1529 E 5th St Duluth, MN 55812
MULTI_FAMILY - Duluth, MN
Property Features for 1529 E 5th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bathroom 1, Bathroom 3, Basement, Bathroom 4, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 2
- Parking features
- Driveway, Off Street
- Exterior features
- Balcony, Gutter/Downspout
- Basement
- Unfinished, Concrete
- Standard status
- Active
- APN
- 010-1480-08610
- Size
- 3,050 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 5392
Utilities
- Heating system
- Oil, Natural Gas
Building Details
- Year built
- 1929
- Floors in Building
- 2
- Number of units
- 4
Listing agent Reisa Varin License #40249362 (952) 829-2900
Listing office RE/MAX Results Duluth, MN (952) 829-2900
Listing date Jul 13, 2026
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.
The lower level also provides a large tuck-under garage with two dedicated parking stalls per unit, each stall equipped with its own opener. Exterior improvements include a brick facade, seamless gutters, and a repaired architectural eyebrow accent at the roofline. Major systems work includes electrical and plumbing updates, along with a full conversion from fuel oil to natural gas.
The property is sized as a 4-unit residential income asset and is offered for sale in Duluth, MN.
Key Highlights
- Four identical units in a 1929 multifamily building with refinished hardwood floors and preserved original woodwork
- Fuel oil to natural gas conversion plus electrical and plumbing updates for improved efficiency and long‑term reliability
- Tuck‑under garage with two dedicated parking stalls per unit, each with its own opener
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.2k | $13.50 |
| − Vacancy | −$2.3k | −$0.77 |
| EGI | $38.8k | $12.73 |
| − OpEx | −$11.6k | −$3.82 |
| NOI | $27.2k | $8.91 |
