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Updated Duplex with Private Entry
New
For Sale
$324,900

508 4th Ave, Two Harbors, MN 55616

Two-unit property with refreshed interiors, exterior improvements, basement storage, and on-site laundry.

Property Size924 SF
Price / SF$351.62
Days on Market4

Property Features for 508 4th Ave

General Information

Standard status Active
Size 924 SF
Property subtype Multi-Family

Additional Details

Multifamily Units 2

Amenities

on-site laundry
basement storage

Building Details

Year Built 1888
Listing Agency: Century 21 Atwood
Listed By: Lynn Larson
Source: Js-realty
Added: Sep 12 Last Checked: Sep 14 at 4:47PM

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 Century 21 Atwood

Investment Insights

Based on property information with market context.

This duplex, built in 1888, offers a main lower-level residence and an upper apartment with a private entrance. The lower unit has received new flooring, a new kitchen, and an updated bathroom. Exterior work includes replacement siding, windows, decking, and stairs, while basement space provides storage and on-site laundry.

The upper apartment includes three bedrooms, giving the property a varied residential layout within one building. Its downtown Two Harbors setting places the property at 508 4th Ave, with both interior and exterior improvements already completed.

Key Highlights

  • Duplex built in 1888
  • Upper apartment includes three bedrooms and a private entry
  • Lower level features new flooring, kitchen, and updated bathroom

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Auto Repair Shop Law Firm Electrical Service Bakery Grocery & Convenience Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

431
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit property with refreshed interiors, exterior improvements, basement storage, and on-site laundry.
Where is this duplex located?
The property is located at 508 4th Ave Two Harbors, MN.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Duplex built in 1888; Upper apartment includes three bedrooms and a private entry; Lower level features new flooring, kitchen, and updated bathroom
More about this property
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