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Listed by Adam Paulson RE/MAX Results
$399,900
Est. payment /mo
6 Beds
4 Baths
2,872 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,872 sqft
Price per Sqft $139
MLS Listing ID LSA6126831
Bedrooms 6
HOA Y/N No
Year Built 1891
Annual Tax Amount $5,238
Tax Year 2026
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 50x70
Property Sub-Type Multi Family
Source lsar
Property Description
Investor opportunity! This fully rented fourplex offers immediate income and strong cash flow potential, meeting the sought-after 1% rule for rental investments. Includes coin operated laundry for additional income.The property is structurally and mechanically sound, providing a solid foundation for value-add improvements. While it could use some cosmetic updates the major components are in place, allowing investors to build equity and maximize rental income with renovations. Whether you're expanding your portfolio or looking for your next value-add investment, this is a great opportunity to acquire a cash-flowing asset with significant upside.
Location
State MN
County St. Louis County
Area Lsar
Direction from freeway go northwest on 21st ave e to left on Superior st to property on left. property is on the corner of Superior st. and s 16th ave E
Rooms
Basement Full
Interior
Heating Forced Air
Exterior
View Y/N No
Garage No
Building
Story 2.25
Foundation Stone
Sewer Public Sewer
Water City
Structure Type Wood
Schools
High Schools Duluth #709
School District Duluth #709
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