525 W 4th Street, Duluth, MN 55806
- Added:
- Apr 24, 2026
- Days on Market:
- 69
- Last Refresh:
- Jul 1 at 4:06 am
Property Features for 525 W 4th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 2, Basement, Bedroom 3, Bathroom 1, Bedroom 4, Bathroom 2
- Exterior features
- Aluminum Siding, Wood
- Standard status
- Pending
- APN
- 010127003690
- Size
- 1,562 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2612
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1883
- Building materials
- Stone
Listing agent David G Meyer (952) 226-7700
Listing office RE/MAX Advantage Plus 1251 Town Center Drive, Savage, MN (651) 272-4688
Listing date Apr 24, 2026
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Duplex with 3 PID’s/3 lots for the price of 1, with backyard and side yard available for use
- Income history: recently rented for $1,200 (upper) and $1,300 (lower); next cycle would be $1,300 per unit
- Both units currently vacant and ready to rent; tenants pay electric, heat, and garbage
- Built in 1883 with stone construction plus aluminum siding and wood exterior
- Forced‑air heating; hot water heater replaced in 2019
- Off‑street parking for 2 vehicles; views of Lake Superior and the bay
Overview
Located in Duluth, MN 55806 at 525 W 4th Street, the duplex is described as having good views of Lake Superior and the bay.
For buyers or operators looking for a straightforward two-unit setup, this property offers separate upper and lower tenancy with shared outdoor space and tenant-paid utilities. With both units currently vacant, the next steps are straightforward: re-lease each unit at the rents described and manage ongoing utility billing for electric, heat, and garbage.
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 | $21.1k | $13.50 |
| − Vacancy | −$1.2k | −$0.77 |
| EGI | $19.9k | $12.73 |
| − OpEx | −$6.0k | −$3.82 |
| NOI | $13.9k | $8.91 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Duluth
- County
- St. Louis
- State
- Minnesota
- Longitude
- -92.110028
- Latitude
- 46.784352
