Property profile

102 Gary St Duluth, MN 55808

OFF-MARKET
Apartment buildings
Property ID
US46-0021093
8,100 SF 0.19 ac lot Built 1916
Individually Owned 22-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 34-unit boarding house in Duluth, Minnesota. Located at 102 W Gary St, 55808, this licensed property boasts 8,100 square feet of space and is offered at $1,250,000. The asking price translates to $154.32 per square foot, reflecting a strong return on investment potential. The property's substantial income stream provides a unique opportunity for immediate cash flow. This established business is turnkey, allowing a new owner to seamlessly take over operations and benefit from the existing tenant base. The property's location in Duluth, within St. Louis County, offers convenient access to local amenities and transportation. The building itself is a well-maintained structure, ready for continued operation as a successful boarding house. This is a rare chance to acquire a profitable, established business with significant real estate holdings, offering both immediate income and long-term growth potential. The property is classified as Special Purpose and is categorized as a boarding house. Financial details are available upon request. Serious inquiries only.

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1916
Total area 8,100 SF
Lot 0.19 ac (8,383 SF)
Zoning code R2
APN 010-1800-09450
UPID US46-0021093

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

102 Gary St Duluth, MN 55808-1737
Duluth metro Census 3800 DULUTH, MN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$460k
CAP Approach CAP
$1.02M
Comparable Approach Comparable
$939k
Blend (final) Blend
$460k

Owner & transaction history

since 2004
1 recorded transaction
2004
$100,000

Zoning & alternative use

R2 · Duluth, MN
Top alternative use upside
Commercial (general) $1.2M +40.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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