2417 Vermilion Rd, Duluth, MN 55803
Duplex, Up & Down - Duluth, MN
- Added:
- Mar 24, 2026
- Days on Market:
- 77
- Last Refresh:
- Jun 8 at 6:06 pm
Property Features for 2417 Vermilion Rd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 10
- Bathrooms
- 4
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking
- 6
- Parking features
- Off Street
- EntryLevel
- Main Level,Upper
- Basement Y/N
- 1
- Appliances
- Dishwasher, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 010-3870-00160
- Size
- 2,912 SF
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 7370
Utilities
- Heating system
- Electric (Heating)
Building Details
- Year built
- 2003
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent Tracy Ramsay (218) 390-6747
Listing office RE/MAX Results 2520 Maple Grove Road, Duluth, MN (952) 829-2900
Listing date Mar 24, 2026
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.
HighLights
- High‑capacity duplex with exceptional income potential.
- Each unit features 5 bedrooms and 2 full bathrooms.
- Must be purchased with neighboring single‑family rental at 2425 Vermilion Rd, offering portfolio expansion.
- Identical unit layouts simplify management and ensure consistency.
- Equipped with electric heat and air exchanger for efficiency.
- Ample off‑street parking available.
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.3k | $13.50 |
| − Vacancy | −$2.2k | −$0.77 |
| EGI | $37.1k | $12.73 |
| − OpEx | −$11.1k | −$3.82 |
| NOI | $25.9k | $8.91 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Duluth
- County
- St. Louis
- State
- Minnesota
- Longitude
- -92.068319
- Latitude
- 46.836278
