523 N 1st Ave E, Duluth, MN 55805
Duplex, Up & Down - Duluth, MN
- Added:
- Jun 8, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 8 at 6:06 pm
Property Features for 523 N 1st Ave E
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 5
- Rooms
- Basement, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- EntryLevel
- Main
- Basement Y/N
- 1
- Standard status
- Active
- APN
- 010-1030-01040
- Size
- 2,208 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3501
Utilities
- Heating system
- Natural Gas
Building Details
- Year built
- 1896
- Floors in Building
- 2
- Number of units
- 2
- Architectural style
- Other
Listing agent Andrew Frielund (218) 348-0659
Listing office RE/MAX Results 2520 Maple Grove Road, Duluth, MN (952) 829-2900
Listing date Jun 8, 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
- Stunning lake views from the upper unit's private balcony.
- Up/down duplex offers flexibility for owner‑occupancy or investment.
- Centrally located in the heart of Duluth.
- Lower unit features 3 bedrooms.
- Upper unit features 2 bedrooms.
- Off‑street parking available.
Overview
Located at 523 N 1st Ave E in Duluth, Minnesota 55805, the property sits in St. Louis County. The central positioning described in the listing makes it a straightforward option for tenants or buyers looking for an owner-occupant setup with an additional unit.
For an owner-occupant, the two-unit arrangement can allow you to live in one unit while using the other to help offset housing costs. For investors, the clear separation between the lower and upper units supports independent occupancy planning. With side off-street parking and the added balcony and lake views for the upper level, the layout is designed to appeal to a range of renters seeking distinct spaces.
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 | $29.8k | $13.50 |
| − Vacancy | −$1.7k | −$0.77 |
| EGI | $28.1k | $12.73 |
| − OpEx | −$8.4k | −$3.82 |
| NOI | $19.7k | $8.91 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Duluth
- County
- St. Louis
- State
- Minnesota
- Longitude
- -92.103306
- Latitude
- 46.791589
