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Property profile & analytics
OFF-MARKET
Residential income homes
132 5th St, Duluth, MN 55805
Individually Owned
4-yr Hold
Property ID
US46-0292127
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1910
Total area
4,041 SF
Lot
0.06 ac (2,500 SF)
Zoning code
R3
APN
010-1010-01320
UPID
US46-0292127
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Timothy L Belcastro · 4 yrs held
Timothy L Belcastro
since 2022
Last sale
$134,500
7 recorded transactions
Zoning & alternative use
R3 · Duluth, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Duluth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Duluth submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$4,494
Tax year 2024
Assessed value
$197,800
Assessed 2022
Previous assessed
$233,100
-15.1% YoY
Effective rate
2.27%
On assessed value
Assessed land
$10,000
Assessed improvement
$187,800
Land market value
$10,000
Improvement market value
$187,800
Total market value
$197,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1910
Heating
NONE
Stories
2
Units
4
Total area
4,041 SF
Lot
0.06 ac (2,500 SF)
Zoning code
R3
APN
010-1010-01320
UPID
US46-0292127
Jurisdiction
ST LOUIS
Zoning & alternative use
R3 · Duluth, MN
Zoning R3 · permitted uses
R3 · Duluth, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Duluth. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1910
Heating
NONE
Stories
2
Units
4
Lot
0.06 ac
Current owner
From public records · entity-resolved
Timothy L Belcastro
Individual
Mailing address
637 WOODLAND AVE, DULUTH, MN 55812-1423
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2022
—
Timothy L Belcastro
Laura Anderson Witrak
Intrafamily Transfer
related
—
Apr 14, 2022
—
Timothy L Belcastro
Laura Anderson Witrak
Intrafamily Transfer
related
—
Dec 14, 2016
—
Timothy Belcastro
Hoch,sally & Jason
Quit Claim Deed
related
—
Mar 8, 2011
—
Phish Investments LLC
Alvar,lawrence
Quit Claim Deed
related
—
Jan 13, 2010
$134,500
Lawrence E Alvar
Highland Bk
Warranty Deed
—
Dec 11, 2008
$184,533
Highland Bank
Sheriff Of St Louis County
Trustees Deed
related
—
Jul 26, 2007
—
Marty C Mccabe
Mccabe Family Trust
Quit Claim Deed
related
$153,000 · Highland Bank
Sep 19, 2005
$52,000
Mccabe Family R/e Inv
Cismowski,al & Gisell
Warranty Deed
—
—
—
Phish Investments LLC
—
Deed Of Trust
related
$192,000 · National Bank Commerce Tr & Sa
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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