Fourplex with Detached
New
For Sale
$285,000
1811 W 1st St, Duluth, MN 55805
MULTI-FAMILY, Duluth, MN
Property Size2,870 SF
Lot Size0.24 Acres
Price / SF$99.30
Days on Market4
Property Features for 1811 W 1st St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
4
Full bathrooms
3
Rooms
Bedroom 4, Bathroom 2, Bedroom 6, Bedroom 7, Bedroom 2, Bathroom 1, Basement, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 5
Elementary school district
Duluth #709
Middle school district
Duluth #709
High school district
Duluth #709
Directions
Traveling West on Superior Street to 19th Ave W, turn Right on 1st Street.
Subdivision
LSAR
Standard status
Active
APN
010-1140-00006
Size
2,870 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3946
Utilities
Heating system
Electric (Heating), Oil, Natural Gas
Building Details
Year built
1893
Floors in Building
2
Number of units
4
Listing Agency:
RE/MAX Results · RE/MAX International
Listed By:
Jordan Decaro
(952) 829-2900
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 22 at 8:06AM
MLS# 6128489
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.
Located at 1811 W 1st St in Duluth, this four-unit property contains 2,870 square feet on a 0.24-acre lot. The apartments comprise one three-bedroom unit, one two-bedroom unit, and two one-bedroom units. A full stone basement and a current rental license are also part of the property.
Three units are leased through 2027. Tenants pay electric, trash, and fuel costs, while water and sewer are covered by the owner. Parking includes six off-street spaces and a detached two-stall garage. The building dates to 1893.
Three units are leased through 2027. Tenants pay electric, trash, and fuel costs, while water and sewer are covered by the owner. Parking includes six off-street spaces and a detached two-stall garage. The building dates to 1893.
Key Highlights
- Four units: one 3BR, one 2BR, and two 1BR apartments
- 2,870 square feet on a 0.24‑acre lot
- Three units leased through 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,576
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,520
$511.5K
Cap Rate 7%
$365,371
$365.4K
Cap Rate 9%
$284,178
$284.2K
Market Conditions
NOI Build-Up for 2,870 SF
Gross rent
$38.7K $13.50/SF
− Vacancy
−$2.2K −$0.77/SF
EGI
$36.5K $12.73/SF
− OpEx
−$11.0K −$3.82/SF
NOI
$25.6K $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%
$511,520
Cap Rate 7%
$365,371
Cap Rate 9%
$284,178
Alternative Uses
Best Use
Multifamily LT 5
$365.4K
$319.7K – $426.3K
NOI $25,576 @ 7.0% cap · market cap 8.97%
Second Best
Apartment 5plus
$335.8K
$293.8K – $391.7K
NOI $23,503 @ 7.0% cap · market cap 8.25%
Theoretical Best
Specialty Retail
$1.11M
$974.2K – $1.30M
NOI $77,932 @ 7.0% cap · market cap 27.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
545
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
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - The four-unit property combines a varied bedroom mix with off-street parking and a detached garage.
Where is this quadplex located?
The property is located at 1811 W 1st St Duluth, MN.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Four units: one 3BR, one 2BR, and two 1BR apartments; 2,870 square feet on a 0.24‑acre lot; Three units leased through 2027
