2 and 4 S 16th Ave E, Duluth, MN, 55812
About This Home
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.
Getting Around
Somewhat Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 1891
Materials
- Foundation: Stone
- Construction materials: Wood,Frame/Wood
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Full
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
Features
- Finished area below ground: 0
- Finished area above ground: 2,872
Heating
- Heating features: Forced Air
Interior Area
- Total interior livable area: 2,872 sqft
Property
Details
- Parcel number: 010146004500
Lot
- Lot size: 3,484 sqft
- Lot size dimensions: 50 x 70
Parking
- Parking features: None
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in St. Louis County and Minnesota
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,022 | $24,264 |
| Home Insurance * | $213 | $2,556 |
| Property Taxes | $339 | $4,068 |
| Electricity | $242 | $2,906 |
| Total | $2,816 | $33,792 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
No market data available for this area
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-17 | Listed for sale | $399,900 |
View on Zillow