1507 E 4th St Duluth, MN 55812
For Sale MLS# 6124419
5 beds 2 baths 2,165 sq ft Multi-family
Details for 1507 E 4th St
MLS# 6124419
Description for 1507 E 4th St, Duluth, MN, 55812
Investor Opportunity Near UMD/Scholastica – Value-Add Duplex on 4th St! Prime location just minutes from University of Minnesota Duluth and The College of St. Scholastica, making this a strong rental demand area. This duplex offers immediate upside potential through rent increases and utility optimization. Upper Unit: 1 bedroom on main level + den/office + walk-up attic bedroom. Open living/dining area, full bath, and additional exterior storage access. Lower Unit: 3 bedrooms, full bath, separate living room and kitchen layout ideal for student or shared housing. License Number: LS-2-0067 Expires 7/1/2027 Income & Expenses: Current rents:$1100/mo Lower & $1200 Upper Electric paid by tenants $340/month total ($165 upper / $175 lower) 2026 Property Taxes: $3,292/year Utilities (owner paid): approx. $81 gas / $56 water / $64 sewer per month Separate electric meters already in place Mechanical/Additional Features: Natural gas furnace Coin-operated washer/dryer for added income potential Additional washer/dryer hookups Separate basement entrance Investment Highlights: High-demand rental corridor near colleges Clear path to increased cash flow with rent adjustments in 2027 Ability to restructure utility responsibilities to improve NOI Ideal for house-hack, student rental, or long-term hold Current tenants pay electric only there are 2 meters $165/mo & $175/mo avg. Comfort Systems Consumption report available Showings: Upper Tenant prefers showings after 4pm. Lower Level is resistant to showings-decor and condition is similar to upper unit but in earth tone colors. Basement is available. Street Parking only for this property Garbage is picked up in the back alley crossing the back neighbors driveway Side Door is to the basement- utilities and Coin Laundry Excellent opportunity to reposition and maximize returns in a proven rental location.
Listing Information
Property Type: Multi-family, Duplex, Up & Down
Status: Active
Bedrooms: 5
Bathrooms: 2
Lot Size: 0.08 Acres
Square Feet: 2,165 sq ft
Year Built: 1908
Stories: 2 Story
Construction: Frame/Wood
Number Of Units Total: 2
County: St. Louis
Construction Status: Previously Owned
School Information
District: Duluth #709
Room Information
Bathrooms
Full Baths: 1
Additonal Room Information
Laundry: Coin Operated Owned
Interior Features
Square Footage above: 2,165 sq ft
Basement: Stone, Unfinished, Full, Utility Room, Storage, Dryer Hook-Ups, Washer Hook-Ups, Shared Access
Utilities
Water: City
Sewer: City
Heating: Boiler, Natural Gas
Exterior / Lot Features
Parking Description: Garage Description - None
Exterior: Vinyl
Roof: Asphalt Shingles
Lot View: Lake Superior
Lot Dimensions: 105x35
Additional Exterior/Lot Features: Road Frontage - Paved
Community Features
Community Features: Deck
Driving Directions
Street Parking Only is on 4th St- home on Upper side
Financial Considerations
Tenant Pays: Electric,Lawn,Snow
Owner Pays: Maint/Repair,Trash,Water,Sewer
Tax/Property ID: 010-1480-08160
Tax Amount: 3292
Tax Year: 2026
A broker reciprocity listing courtesy: Tellor Realty LLC - Tracey Tellor
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Duluth Area Association of REALTORS® MLS. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Duluth Area Association of REALTORS® MLS. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2026 Duluth Area Association of REALTORS® MLS. All Rights Reserved.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 1507 E 4th St
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 1507 E 4th St
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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