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Property profile & analytics
OFF-MARKET
Residential income homes
2527 2nd St, Duluth, MN 55806-1850
Entity Owned
8-yr Hold
Property ID
US46-0616001
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1886
Total area
2,960 SF
Lot
0.16 ac (7,000 SF)
Zoning code
R3
APN
010-1140-04210
UPID
US46-0616001
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
Tra Ents LLC · 8 yrs held
Tra Ents LLC
since 2018
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
$3,220
Tax year 2024
Assessed value
$185,500
Assessed 2022
Previous assessed
$173,100
+7.2% YoY
Effective rate
1.74%
On assessed value
Assessed land
$28,000
Assessed improvement
$157,500
Land market value
$28,000
Improvement market value
$157,500
Total market value
$185,500
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
1886
Heating
FORCED AIR
Stories
2
Units
4
Total area
2,960 SF
Lot
0.16 ac (7,000 SF)
Zoning code
R3
APN
010-1140-04210
UPID
US46-0616001
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
1886
Heating
FORCED AIR
Stories
2
Units
4
Lot
0.16 ac
Current owner
From public records · entity-resolved
Tra Ents LLC
Entity
Mailing address
1324 E 4TH ST, DULUTH, MN 55805-2810
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2018
—
Tra Ents LLC
Anderson,tyler R & Whitney R
Quit Claim Deed
related
—
Aug 14, 2017
—
Tyler R Anderson
Tra Properties LLC
Quit Claim Deed
related
$130,000 · Flagship Bk/mn
Aug 14, 2017
$162,500
Tra Properties LLC
Kaylor,thomas M & Katie L
Warranty Deed
—
Apr 2, 2012
$190,000
Thomas M Kaylor
Carlson,gregory A & Teri L
Grant Deed
$152,000 · Lake Bank
—
—
Gregory A Carlson
—
Deed Of Trust
related
$70,000 · Wells Fargo Bank
—
—
Tra Ents LLC
—
Loan Modification
related
$124,554 · Flagship Bk/mn
—
—
Gregory A Carlson
—
Deed Of Trust
related
$91,000 · Rbmg INC
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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