Updated Triplex With
For Sale
$419,000
Pending
227 South Ave, Two Harbors, MN 55616
Three residential units feature refreshed finishes, upgraded mechanical systems, and dedicated laundry areas.
Property Size2,060 SF
Days on Market65
Property Features for 227 South Ave
General Information
Standard status
Pending
Size
2,060 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,214
Amenities
mini-splits
stackable washers/dryers
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Lewis & Clark, LLC
Listed By:
Loren Johnston
(218) 341-2126
Source:
Exprealty
Added: Jul 21
Changed: Sep 22
Last Checked: Sep 22 at 7:21PM
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 Lewis & Clark, LLC
Investment Insights
Based on property information with market context.
This 2,060-square-foot triplex contains 3 units, 5BR, and 3Bath across an updated residential income property. Improvements include new siding, soffits, roofing, a natural gas heating system, water heater, and mini-split systems serving each level. Updated tiled baths and refinished hardwood flooring enhance units 1 and 2. The property also provides new stackable washers and dryers on the main and second floors, plus a separate basement laundry area for unit 3.
The building is located near Lake Superior and within walking distance of Agate Bay, a lighthouse, breakwaters, and a lakeside walking trail. The main-floor unit is occupied month to month, while the other 2 units are vacant, allowing flexibility for a future owner to establish tenancy or occupy a unit.
The building is located near Lake Superior and within walking distance of Agate Bay, a lighthouse, breakwaters, and a lakeside walking trail. The main-floor unit is occupied month to month, while the other 2 units are vacant, allowing flexibility for a future owner to establish tenancy or occupy a unit.
Key Highlights
- 3‑unit triplex with 5BR/3Bath and 2,060 SF
- New siding, soffits, roofing, natural gas heating system, and water heater
- Mini‑split systems installed on each level for heating and A/C
Property Analytics
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Current Use
Lease Details
3
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Explore this area
Business Placement
Demographics for 55616, MN
7,024
Population
4,103
Households
1.7
Avg Household Size
47
Median Age
24%
College-Educated
92%
High-School Grad
479.7 sq mi
ZIP Area
15
Density / Sq Mi
$77,242
Median Household Income
$46,979
Median Earnings
$1,045
Median Rent
$237,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units feature refreshed finishes, upgraded mechanical systems, and dedicated laundry areas.
Where is this triplex located?
The property is located at 227 South Ave Two Harbors, MN.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: 3‑unit triplex with 5BR/3Bath and 2,060 SF; New siding, soffits, roofing, natural gas heating system, and water heater; Mini‑split systems installed on each level for heating and A/C
