# 2502 W 3rd St, Duluth, MN 55806

> **TL;DR:** 5bd/2ba residential multi family, $289,900 ($99/sqft), built 1900, 2,920 sqft. Est. $1,256/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $289,900 |
| Price/sqft | $99 |
| Bedrooms | 5 |
| Bathrooms | 2 full |
| Square Feet | 2,920 |
| Year Built | 1900 |
| Lot Size | 3,485 sqft (0.08 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,256 |
| **Total** | **$1,256** |

## Property Highlights

- Built in 1900
- 0.08 acre lot
- 2 stories
- 1 parking spaces

## Description

### Agent Description
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.

## Location

- **Address:** 2502 W 3rd St, Duluth, MN 55806
- **County:** St. Louis County
- **Coordinates:** 46.764978, -92.132489
- **Google Maps:** https://www.google.com/maps?q=46.764978,-92.132489

## Listing Agent

- **Name:** Steve Braman
- **Brokerage:** RE/MAX Results
- **Phone:** 2183102590
- **Email:** steve.braman@gmail.com

## Primary Photo

![2502 W 3rd St - Primary Photo](http://lh.rdcpix.com/fb6f63ee6a2000e3052486dd7c489fd0l-f2663953885r.jpg)

*26 total photos available on [listing page](https://www.propertysimple.com/listing/2502-w-3rd-st-duluth-mn-55806-6123758)*

---

**MLS#:** 6123758 | **Updated:** 2026-04-24
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/2502-w-3rd-st-duluth-mn-55806-6123758)

---

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