Two-Unit Duplex with
New
For Sale
$164,900
613 N 59th Ave W, Duluth, MN 55807
MULTI-FAMILY, Duluth, MN
Property Size1,374 SF
Lot Size0.07 Acres
Price / SF$120.01
Days on Market5
Property Features for 613 N 59th Ave W
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 1, Basement
Basement
Block
Elementary school district
Duluth #709
Middle school district
Duluth #709
High school district
Duluth #709
Directions
N on Central Ave Left on Cody, Rt on 59th Ave W
Subdivision
LSAR
Standard status
Active
APN
010-0420-01950
Size
1,374 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2636
Utilities
Heating system
Forced Air, Natural Gas
Building Details
Year built
1904
Floors in Building
2
Number of units
2
Listing Agency:
RE/MAX Results · RE/MAX International
(952) 829-2900
Listed By:
Jordan Decaro · License #40286367|WI79981-94
(218) 722-2811
Added: Oct 1
Changed: Oct 2
Last Checked: Oct 5 at 7:06PM
MLS# 6128268
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.
Investment Insights
Based on property information with market context.
This 1,374-square-foot duplex is arranged as two matching one-bedroom, one-bathroom apartments, one on each level. Each unit has a separate kitchen and living area, with wood trim among the interior details. The property includes a full basement, detached one-car garage, and two off-street parking spaces. Natural gas forced-air heat serves the building, which was built in 1904.
The duplex sits on a 0.07-acre lot at 613 N 59th Ave W in Duluth. Tenants pay for electricity and trash; the owner covers heat, water, and sewer. Both units are occupied under leases that run through 9/27/2027.
The duplex sits on a 0.07-acre lot at 613 N 59th Ave W in Duluth. Tenants pay for electricity and trash; the owner covers heat, water, and sewer. Both units are occupied under leases that run through 9/27/2027.
Key Highlights
- Two matching one‑bedroom, one‑bathroom units, each measuring 692 square feet
- Both apartments are tenant‑occupied with leases through 9/27/2027
- Detached one‑car garage and 2 off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,244
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,880
$244.9K
Cap Rate 7%
$174,914
$174.9K
Cap Rate 9%
$136,044
$136.0K
Market Conditions
NOI Build-Up for 1,374 SF
Gross rent
$18.5K $13.50/SF
− Vacancy
−$1.1K −$0.77/SF
EGI
$17.5K $12.73/SF
− OpEx
−$5.2K −$3.82/SF
NOI
$12.2K $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%
$244,880
Cap Rate 7%
$174,914
Cap Rate 9%
$136,044
Alternative Uses
Best Use
Multifamily LT 5
$174.9K
$153.1K – $204.1K
NOI $12,244 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$160.7K
$140.7K – $187.5K
NOI $11,252 @ 7.0% cap · market cap 6.82%
Theoretical Best
Specialty Retail
$533.0K
$466.4K – $621.8K
NOI $37,310 @ 7.0% cap · market cap 22.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
Explore this area
Business Placement
Demographics for 55807, MN
9,674
Population
4,572
Households
2.1
Avg Household Size
39
Median Age
29%
College-Educated
95%
High-School Grad
5.8 sq mi
ZIP Area
1,668
Density / Sq Mi
$63,670
Median Household Income
$36,246
Median Earnings
$797
Median Rent
$164,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Both apartments are tenant-occupied, with leases extending through September 2027.
Where is this duplex located?
The property is located at 613 N 59th Ave W Duluth, MN.
What is the asking price?
The asking price for this property is $164,900.
What are key features of this property?
This property features: Two matching one‑bedroom, one‑bathroom units, each measuring 692 square feet; Both apartments are tenant‑occupied with leases through 9/27/2027; Detached one‑car garage and 2 off‑street parking spaces
