Two-Unit
2708 W 7th St, Duluth, MN 55806
For Sale
New
$240,000
MULTI-FAMILY, Duluth, MN
Property Size2,021 SF
Lot Size0.09 Acres
Price / SF$118.75
Days on Market3
Property Features for 2708 W 7th St
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Exterior features
Fencing
Basement
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Amenities
basement sauna
attic storage
Building Details
Year built
Floors in Building
Number of units
Roof type
Listing Agency:
RE/MAX Results · RE/MAX International
Listed By:
Dan Buetow · License #40780118
(952) 829-2900
Added: Nov 5
Last Checked: Nov 7 at 11:06AM
MLS# 6128777
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1928, this 2,021-square-foot duplex contains two units, each with two bedrooms and one bathroom. The 0.09-acre property includes separate utilities for each unit, an oversized two-car garage, and additional off-street parking. Attic storage and a basement with a sauna, toilet, and shower add to the property's interior features. Exterior amenities include a balcony, patio, porch, and partially fenced yard.
The property is near Duluth's Craft District as well as local shopping and dining. Its two-unit configuration offers the option of occupying one unit while renting the other, as described in the property information.
The property is near Duluth's Craft District as well as local shopping and dining. Its two-unit configuration offers the option of occupying one unit while renting the other, as described in the property information.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 2,021‑square‑foot building on a 0.09‑acre lot
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,010
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,200
$360.2K
Cap Rate 7%
$257,286
$257.3K
Cap Rate 9%
$200,111
$200.1K
Market Conditions
NOI Build-Up for 2,021 SF
Gross rent
$27.3K $13.50/SF
− Vacancy
−$1.6K −$0.77/SF
EGI
$25.7K $12.73/SF
− OpEx
−$7.7K −$3.82/SF
NOI
$18.0K $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%
$360,200
Cap Rate 7%
$257,286
Cap Rate 9%
$200,111
Alternative Uses
Best Use
Multifamily LT 5
$257.3K
$225.1K – $300.2K
NOI $18,010 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$236.4K
$206.9K – $275.9K
NOI $16,551 @ 7.0% cap · market cap 6.90%
Theoretical Best
Specialty Retail
$784.0K
$686.0K – $914.6K
NOI $54,878 @ 7.0% cap · market cap 22.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
Explore this area
Business Placement
Demographics for 55806, MN
9,761
Population
4,848
Households
2
Avg Household Size
34
Median Age
28%
College-Educated
93%
High-School Grad
3.4 sq mi
ZIP Area
2,871
Density / Sq Mi
$44,962
Median Household Income
$33,868
Median Earnings
$910
Median Rent
$156,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in St. Louis County, MN
Properties on Market for Duplexes in St. Louis County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility service, a two-car garage, and additional off-street parking support the property's two-unit layout.
Where is this duplex located?
The property is located at 2708 W 7th St Duluth, MN.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 2,021‑square‑foot building on a 0.09‑acre lot; Separate utilities for each unit
