2502 W 3rd St Duluth, MN 55806
For Sale MLS# 6123758
5 beds 3 baths 2,920 sq ft Multi-family
Details for 2502 W 3rd St
MLS# 6123758
Description for 2502 W 3rd St, Duluth, MN, 55806
Investor Opportunity with Built-In Upside! Situated on a corner lot directly across from the park, this value-add property offers the potential for three income streams in one strategic location. The unfinished duplex has already been taken down to the studs with demo complete, creating a true blank slate for your vision. Layout plans are available in the photos and supplements, allowing you to move forward with a clear path to completion. Next door sits an occupied single-family rental providing immediate income while you finish the duplex. Once completed, the property has the potential to generate revenue from two duplex units plus the existing single-family home. The newly completed 20th Street bridge enhances accessibility and connectivity, making this location even more desirable for tenants and future occupants. In addition, the property is zoned Mixed-Use, opening the door to expanded possibilities beyond traditional residential rentals—whether that’s office, retail, live/work, or other income-producing concepts (buyer to verify intended use). Ideal for investors, contractors, or entrepreneurs looking to build equity and long-term cash flow in a thriving community. Strong fundamentals, prime positioning, and significant upside for the right buyer.
Listing Information
Property Type: Multi-family, Other
Status: Active
Bedrooms: 5
Bathrooms: 3
Lot Size: 0.08 Acres
Square Feet: 2,920 sq ft
Year Built: 1900
Garage: Yes
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
Interior Features
Square Footage above: 2,920 sq ft
Basement: Crawl Space, Other
Utilities
Water: City
Sewer: City
Heating: Natural Gas
Exterior / Lot Features
Attached Garage: Attached Garage
Garage Spaces: 1
Parking Description: Garage Description - Attached
Exterior: Slate
Roof: Asphalt Shingles, Rubber
Lot Dimensions: 70 x 50
Additional Exterior/Lot Features: Road Frontage - Paved, Curb/Gutters, Sidewalk, Street Lights, Storm Sewer, City
Unit Information
Unit 1 Baths Total: 1
Unit 1 Beds Total: 3
Unit 1 Rooms Total: 5
Unit 2 Baths Total: 1
Unit 2 Beds Total: 2
Unit 2 Rooms Total: 4
Driving Directions
corner of 25th Ave West & 3rd St
Financial Considerations
Terms: Cash
Tenant Pays: Cable TV,Electric,Internet Service,Sewer,Water
Owner Pays: Lawn,Maint/Repair
Tax/Property ID: 010-1140-04240
Tax Amount: 2155
Tax Year: 2025
A broker reciprocity listing courtesy: RE/MAX Results - Steve Braman
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 2502 W 3rd 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 2502 W 3rd 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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