About This Home

This 6-bedroom, 4-bathroom residential multi family at 2 and 4 S 16th Ave E in Duluth, MN is listed for $399,900 ($139 per sqft). Built in 1891, the home offers 2,872 sqft of living space on a 0.08 acres lot.

Key Features

  • Built in 1891
  • 0.08 acre lot

Property Details

1 full
1891
Listing 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.

Monthly Cost Estimate

$2,139/mo

20% down · 6.5% · 30 years

Principal$289
Interest$1,733
Insurance$117

Estimates only. Actual payments may vary.

Location

2 and 4 S 16th Ave E

Duluth, MN 55812

Property Details

Heating

Forced Air

Questions & Answers

This 6-bedroom, 4-bathroom residential multi family at 2 and 4 S 16th Ave E is listed at $399,900 ($139/sqft). The estimated monthly payment is $2,139 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1891, 0.08 acre lot.

This property is listed by Adam Paulson.

AP

Adam Paulson

Agent at RE/MAX Results

Listed by RE/MAX Results · Broker phone: (952) 829-2900 · View on Broker Site · Broker website

MLS# 6126831· Source: Lake Superior Association of REALTORS®· Added to PropertySimple today

Copyright © 2026 Lake Superior Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2 and 4 S 16th Ave E, Duluth, MN 55812

Open this listing in: