2-Unit Duplex with
New
For Sale
$174,900
2772 Wellington St, Duluth, MN 55806
MULTI-FAMILY, Duluth, MN
Property Size1,739 SF
Lot Size0.14 Acres
Price / SF$100.58
Days on Market4
Property Features for 2772 Wellington St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 1, Basement
Basement
Block
Elementary school district
Duluth #709
Middle school district
Duluth #709
High school district
Duluth #709
Directions
Grand Ave to N on 28th Ave W to L on Wellington
Subdivision
LSAR
Standard status
Active
APN
010-4430-01010
Size
1,739 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4216
Utilities
Heating system
Natural Gas, Electric (Heating), Forced Air
Building Details
Year built
1909
Floors in Building
2
Number of units
2
Listing Agency:
RE/MAX Results · RE/MAX International
Listed By:
Jordan Decaro
(952) 829-2900
Added: Oct 19
Changed: Oct 20
Last Checked: Oct 22 at 8:06AM
MLS# 6128478
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.
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Investment Insights
Based on property information with market context.
This up-and-down duplex at 2772 Wellington St has two apartments: a 854-square-foot main-floor unit and an 885-square-foot upper unit. Each is arranged with two bedrooms and one bathroom. Original wood trim and hardwood flooring add interior detail, while metal siding covers the exterior. A walkout basement provides storage space.
The 0.14-acre parcel measures 50 by 125 feet and includes a detached two-stall garage and two off-street parking spaces. The property was built in 1909 and is rental licensed. Both apartments are leased into 2027. Tenants cover electric, gas, and trash; the owner pays for water and sewer.
The 0.14-acre parcel measures 50 by 125 feet and includes a detached two-stall garage and two off-street parking spaces. The property was built in 1909 and is rental licensed. Both apartments are leased into 2027. Tenants cover electric, gas, and trash; the owner pays for water and sewer.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- Main‑floor unit: 854 sq ft; upper unit: 885 sq ft
- Leases extend into 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,497
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,940
$309.9K
Cap Rate 7%
$221,386
$221.4K
Cap Rate 9%
$172,189
$172.2K
Market Conditions
NOI Build-Up for 1,739 SF
Gross rent
$23.5K $13.50/SF
− Vacancy
−$1.3K −$0.77/SF
EGI
$22.1K $12.73/SF
− OpEx
−$6.6K −$3.82/SF
NOI
$15.5K $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%
$309,940
Cap Rate 7%
$221,386
Cap Rate 9%
$172,189
Alternative Uses
Best Use
Multifamily LT 5
$221.4K
$193.7K – $258.3K
NOI $15,497 @ 7.0% cap · market cap 8.86%
Second Best
Apartment 5plus
$203.4K
$178.0K – $237.4K
NOI $14,241 @ 7.0% cap · market cap 8.14%
Theoretical Best
Specialty Retail
$674.6K
$590.3K – $787.0K
NOI $47,221 @ 7.0% cap · market cap 27.00%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
480
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments have two bedrooms and one bathroom, with leases extending into 2027.
Where is this duplex located?
The property is located at 2772 Wellington St Duluth, MN.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; Main‑floor unit: 854 sq ft; upper unit: 885 sq ft; Leases extend into 2027
