Residential Income
For Sale
$655,000
1727 E Superior Street, Duluth, MN 55812
Residential property with multi-family and single-family zoning, natural gas service, and a full fence.
Property Size3,032 SF
Price / SF$216.03
Days on Market60
Property Features for 1727 E Superior Street
General Information
Standard status
Active
Size
3,032 SF
Property subtype
Residential Income
Zoning
Residential-Multi-Family,Residential-Single Family
Taxes and HOA fees
Annual Taxes
$5,308
Amenities
Natural Gas
Crawl Space, Partially Finished
Fenced, Full
On Street
Building Details
Building Size
3,032 SF
Year Built
1891
Stories
2
Listed By:
Amanda Easty
(218) 428-6766
Source:
Evrealestate
Added: Aug 7
Changed: Sep 21
Last Checked: Oct 4 at 9:03AM
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 Amanda Easty
Investment Insights
Based on property information with market context.
This residential income property was built in 1891 and measures 3,032 in stated property size. Interior features include natural gas service and a crawl space with partial finishing. The exterior includes a full fence and on-street parking. Zoning supports both residential multi-family and residential single-family classifications.
Key Highlights
- 3,032 stated property size
- Built in 1891
- Zoned for residential multi‑family and residential single‑family use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,830
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,600
$496.6K
Cap Rate 7%
$354,714
$354.7K
Cap Rate 9%
$275,889
$275.9K
Market Conditions
NOI Build-Up for 3,032 SF
Gross rent
$48.0K $15.84/SF
− Vacancy
−$2.9K −$0.95/SF
EGI
$45.1K $14.89/SF
− OpEx
−$20.3K −$6.70/SF
NOI
$24.8K $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%
$496,600
Cap Rate 7%
$354,714
Cap Rate 9%
$275,889
Alternative Uses
Best Use
Apartment 5plus
$354.7K
$310.4K – $413.8K
NOI $24,830 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.18M
$1.03M – $1.37M
NOI $82,331 @ 7.0% cap · market cap 12.57%
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
1,447
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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Frequently Asked Questions
What type of property is this?
Residential income property - Residential property with multi-family and single-family zoning, natural gas service, and a full fence.
Where is this residential income property located?
The property is located at 1727 E Superior Street Duluth, MN.
What is the asking price?
The asking price for this property is $655,000.
What are key features of this property?
This property features: 3,032 stated property size; Built in 1891; Zoned for residential multi‑family and residential single‑family use
