$399,900
2 and 4 S 16th Ave E Duluth, MN 55812
For Sale MLS# 6126831
6 beds 4 baths 2,872 sq ft Multi-family
Details for 2 and 4 S 16th Ave E
MLS# 6126831
Description for 2 and 4 S 16th Ave E, Duluth, MN, 55812
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.
Listing Information
Property Type: Multi-family, Other
Status: Active
Bedrooms: 6
Bathrooms: 4
Lot Size: 0.08 Acres
Square Feet: 2,872 sq ft
Year Built: 1891
Stories: 2.25 - 2.75 Story
Construction: Frame/Wood
Number Of Units Total: 4
County: St. Louis
School Information
District: Duluth #709
Interior Features
Square Footage above: 2,872 sq ft
Basement: Full, Stone
Utilities
Water: City
Sewer: City
Heating: Forced Air
Exterior / Lot Features
Parking Description: Garage Description - None
Exterior: Wood
Lot Dimensions: 50x70
Driving Directions
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
Financial Considerations
Tenant Pays: Electric
Owner Pays: Fuel,Maint/Repair,Water
Tax/Property ID: 010-1460-04500
Tax Amount: 5238
Tax Year: 2026
A broker reciprocity listing courtesy: RE/MAX Results - Adam Paulson
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 2 and 4 S 16th Ave E
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 2 and 4 S 16th Ave E
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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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