Remodeled Duplex with Lake
For Sale
$309,000
25 E 7th St, Duluth, MN 55805
MULTI-FAMILY, Duluth, MN
Property Size1,760 SF
Lot Size0.16 Acres
Price / SF$175.57
Days on Market85
Property Features for 25 E 7th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Basement, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 2
Parking features
Off Street, Driveway
Patio and Porch features
Porch
Exterior features
Fenced Yard - Full, Porch, Gutter/Downspout
Fencing
Fenced
Basement
Unfinished
Lot features
Landscaped, Pub. Trans (w/in 6 blks), Level
View
City, Lake
Elementary school district
Duluth #709
Middle school district
Duluth #709
High school district
Duluth #709
Directions
Lake Ave to 7th St 1 block from Mesabi
Subdivision
LSAR
Standard status
Active
APN
010-1050-00100 & 00090
Size
1,760 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3530
Utilities
Heating system
Forced Air, Natural Gas
Amenities
privacy fence
greenhouse
shed
basement laundry
Building Details
Year built
1906
Number of units
2
Roof type
Shingle
Listing Agency:
RE/MAX Results · RE/MAX International
(952) 829-2900
Listed By:
Michelle Ryan
(218) 393-0289
Added: Jul 13
Changed: Sep 29
Last Checked: Oct 5 at 3:06PM
MLS# 6126442
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.
Investment Insights
Based on property information with market context.
This 1,760-square-foot duplex on a 0.16-acre lot was built in 1906 and has undergone extensive remodeling. Improvements include hardwood flooring, updated electrical and plumbing, newer windows, updated bathrooms, a newer shingle roof, a lined chimney, and a new water line. The property also includes a full privacy fence, porch, greenhouse, shed, and a shared two-car garage.
Each unit has access to shared basement laundry, while the upper residence features lake views. Heating is provided by forced air with natural gas. Parking includes 1 OSP, driveway space, and street parking along E 7th St in Duluth.
Each unit has access to shared basement laundry, while the upper residence features lake views. Heating is provided by forced air with natural gas. Parking includes 1 OSP, driveway space, and street parking along E 7th St in Duluth.
Key Highlights
- 1,760 SF duplex on a 0.16‑acre lot
- Extensively remodeled with updated electric, plumbing, bathrooms, windows, and newer roof
- Upper unit offers lake views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,684
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,680
$313.7K
Cap Rate 7%
$224,057
$224.1K
Cap Rate 9%
$174,267
$174.3K
Market Conditions
NOI Build-Up for 1,760 SF
Gross rent
$23.8K $13.50/SF
− Vacancy
−$1.4K −$0.77/SF
EGI
$22.4K $12.73/SF
− OpEx
−$6.7K −$3.82/SF
NOI
$15.7K $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%
$313,680
Cap Rate 7%
$224,057
Cap Rate 9%
$174,267
Alternative Uses
Best Use
Multifamily LT 5
$224.1K
$196.1K – $261.4K
NOI $15,684 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$205.9K
$180.2K – $240.2K
NOI $14,413 @ 7.0% cap · market cap 4.66%
Theoretical Best
Specialty Retail
$682.7K
$597.4K – $796.5K
NOI $47,791 @ 7.0% cap · market cap 15.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,989
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
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Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit property with shared laundry, fenced outdoor space, and a detached two-car garage.
Where is this duplex located?
The property is located at 25 E 7th St Duluth, MN.
What is the asking price?
The asking price for this property is $309,000.
What are key features of this property?
This property features: 1,760 SF duplex on a 0.16‑acre lot; Extensively remodeled with updated electric, plumbing, bathrooms, windows, and newer roof; Upper unit offers lake views
