Fully Rented
For Sale
$399,900
2 And 4 S 16th Ave E, Duluth, MN 55812
Existing occupancy and coin-operated laundry support this four-unit residential income property.
Property Size700 SF
Price / SF$571.29
Days on Market10
Property Features for 2 And 4 S 16th Ave E
General Information
Standard status
Active
Size
700 SF
Property subtype
Multi-Family
Occupancy
100%
Property Condition
Severity
Repairs Needed
Evidence
cosmetic updates
Additional Details
Multifamily Units
4
Amenities
coin operated laundry
Building Details
Year Built
1891
Listing Agency:
RE/MAX Results
(218) 626-5913
Listed By:
Adam Paulson
Source:
Biglifeteam
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 29 at 11:35AM
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 RE/MAX Results
Investment Insights
Based on property information with market context.
This four-unit residential income property is fully rented and includes coin-operated laundry equipment. Built in 1891, the building is described as structurally and mechanically sound, with its major components already in place. Cosmetic updating is identified as the primary improvement need, distinguishing the work from major structural or mechanical replacement.
The property is located at 2 And 4 S 16th Ave E, Duluth, MN 55812. Its quadplex configuration, existing occupancy, and laundry equipment provide a straightforward profile for investors evaluating an established multifamily asset. The property is also described as suitable for cosmetic renovations intended to improve the units and support future rental income.
The property is located at 2 And 4 S 16th Ave E, Duluth, MN 55812. Its quadplex configuration, existing occupancy, and laundry equipment provide a straightforward profile for investors evaluating an established multifamily asset. The property is also described as suitable for cosmetic renovations intended to improve the units and support future rental income.
Key Highlights
- Four‑unit quadplex is fully rented
- Coin‑operated laundry included
- Built in 1891
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Existing occupancy and coin-operated laundry support this four-unit residential income property.
Where is this quadplex located?
The property is located at 2 And 4 S 16th Ave E Duluth, MN.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Four‑unit quadplex is fully rented; Coin‑operated laundry included; Built in 1891
