Historic Brownstone Apartment
731 East 1st Street Duluth, MN 55802
For Sale
Contact for pricing
Five-building historic brownstone apartment complex near downtown Duluth and Lake Superior, featuring large units and period details.
Days on Market105
Property Features for 731 East 1st Street
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing Agency:
Colliers International Minneapolis
Listed By:
Adam Haydon · License #40646599
Source:
Crexi
Added: Apr 10
Changed: Jul 23
Last Checked: Jul 23 at 5:25PM
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 Colliers International Minneapolis
Investment Insights
Based on property information with market context.
Berkshire Apartments is a historic brownstone apartment complex comprising five buildings located in Duluth, Minnesota. The offering highlights original character throughout, including marbled lobbies, hallways with original light fixtures from the early 1900s, and large units featuring hardwood floors, crown-molding, and fireplaces. The property’s apartment layouts are described as including larger unit sizes up to 1,200 and 1,300 square feet.
According to the remarks, the complex is located one block to Lake Superior and less than one-half mile to downtown Duluth, with proximity to Canal Park and The Lakewalk on Lake Superior.
The remarks state the property is being offered for the first time in over 50 years. For investors, the materials describe the ability to operate the asset in its current form while adjusting renewals and new residents, as well as a potential to renovate common areas and select unit components. The provided investment highlights include an end-of-year one CAP rate of 6.8% and end-of-year one total return of 14%.
According to the remarks, the complex is located one block to Lake Superior and less than one-half mile to downtown Duluth, with proximity to Canal Park and The Lakewalk on Lake Superior.
The remarks state the property is being offered for the first time in over 50 years. For investors, the materials describe the ability to operate the asset in its current form while adjusting renewals and new residents, as well as a potential to renovate common areas and select unit components. The provided investment highlights include an end-of-year one CAP rate of 6.8% and end-of-year one total return of 14%.
Key Highlights
- Five‑building historic brownstone apartment complex in Duluth, MN
- Large units with hardwood floors, crown molding, and fireplaces; unit sizes up to 1,200 & 1,300 SF
- End of Year One cap rate of 6.8% and End of Year One total return of 14%
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Five-building historic brownstone apartment complex near downtown Duluth and Lake Superior, featuring large units and period details.
Where is this apartment building located?
The property is located at 731 East 1st Street Duluth, MN.
What are key features of this property?
This property features: Five‑building historic brownstone apartment complex in Duluth, MN; Large units with hardwood floors, crown molding, and fireplaces; unit sizes up to 1,200 & 1,300 SF; End of Year One cap rate of 6.8% and End of Year One total return of 14%
