6-Unit Apartment
1530-1532 E 1st St, Duluth, MN 55812
For Sale
$699,000
MULTI-FAMILY, Duluth, MN
Property Size4,566 SF
Lot Size0.10 Acres
Price / SF$153.09
Days on Market135
Property Features for 1530-1532 E 1st St
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Exterior features
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Amenities
off-street parking
Building Details
Year built
Floors in Building
Number of units
Roof type
Buildings
Listing Agency:
RE/MAX Results · RE/MAX International
Listed By:
Mark Sams · License MN #40913067
(952) 829-2900
Added: Jul 1
Changed: Oct 27
Last Checked: Nov 12 at 6:06AM
MLS# 6126425
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 6-unit apartment property contains 4,566 square feet on a 0.1-acre parcel. Built in 1891, the building has a newer shingle roof and a deck. Heating is provided by natural gas through baseboard and hot water systems. Each apartment has its own electrical service, and residents have off-street parking.
Located at 1530-1532 E 1st St in Duluth, the property is in St. Louis County, Minnesota.
Located at 1530-1532 E 1st St in Duluth, the property is in St. Louis County, Minnesota.
Key Highlights
- Six apartments in a 4,566‑square‑foot building
- Each unit has separate electrical service
- 0.1‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,392
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,840
$747.8K
Cap Rate 7%
$534,171
$534.2K
Cap Rate 9%
$415,467
$415.5K
Market Conditions
NOI Build-Up for 4,566 SF
Gross rent
$72.3K $15.84/SF
− Vacancy
−$4.3K −$0.95/SF
EGI
$68.0K $14.89/SF
− OpEx
−$30.6K −$6.70/SF
NOI
$37.4K $8.19/SF
Area
St. Louis County, MN
Vacancy
6.00%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,840
Cap Rate 7%
$534,171
Cap Rate 9%
$415,467
Alternative Uses
Best Use
Apartment 5plus
$534.2K
$467.4K – $623.2K
NOI $37,392 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.77M
$1.55M – $2.07M
NOI $123,986 @ 7.0% cap · market cap 17.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
6
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,658
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Individual electrical service serves each residence, and off-street parking is available on site.
Where is this apartment building located?
The property is located at 1530-1532 E 1st St Duluth, MN.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Six apartments in a 4,566‑square‑foot building; Each unit has separate electrical service; 0.1‑acre parcel
