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Property profile & analytics
OFF-MARKET
Estimated value
$10,650,000
Apartment buildings
1701 Kenwood Ave, Duluth, MN 55811-2263
Entity Owned
5-yr Hold
Free & Clear
Property ID
US46-1086302
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1967
Total area
21,060 SF
Zoning code
C1
APN
010-3500-00170
UPID
US46-1086302
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
Current use
Occupant on record · Public records
-
We Buy Houses Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.65M
Owner & transaction history
Duluth Investors LLC · 5 yrs held
Duluth Investors LLC
since 2021
Last sale
$10.7M
5 recorded transactions
Zoning & alternative use
C1 · 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
Method
Estimation
Statistic approach
$11,855,000
ML approach
$9,440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.65M
Range $9.59M – $11.72M · ±10% · vs last sale $10.66M (Jun 25 2021)
Last sale anchor
$10.66M
Jun 25 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$506 / SF
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 2023Property tax & assessments
Tax year 2023
Tax billed
$25,514
Tax year 2023
Assessed value
$1,395,000
Assessed 2022
Previous assessed
$1,299,600
+7.3% YoY
Effective rate
1.83%
On assessed value
Assessed land
$71,000
Assessed improvement
$1,324,000
Land market value
$71,000
Improvement market value
$1,324,000
Total market value
$1,395,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1967
Heating
BASEBOARD
Cooling
NONE
Stories
3
Units
21
Total area
21,060 SF
Zoning code
C1
APN
010-3500-00170
UPID
US46-1086302
Jurisdiction
ST LOUIS
Zoning & alternative use
C1 · Duluth, MN
Zoning C1 · permitted uses
C1 · 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
1967
Heating
BASEBOARD
Cooling
Yes
Stories
3
Units
21
Current owner
From public records · entity-resolved
Duluth Investors LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1720 W SUPERIOR ST, DULUTH, MN 55806-2137
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2021
$10,655,000
Duluth Investors LLC
Gloria Richards
Deed
—
Jun 21, 2021
$10,655,000
Duluth Investors LLC
Gloria Richards
Deed
$10,200,000 · North Shore Bank Of Commerce
Aug 30, 2011
—
Nld Holdings Duluth LLC
Richards,earl L & Gloria
Quit Claim Deed
related
—
Aug 30, 2011
$2,000,000
Nld Holdings Duluth LLC
Richards,earl L & Gloria
Warranty Deed
—
Mar 14, 2011
—
Earl L Richards
Richards,marion L
Quit Claim Deed
related
—
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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