2403 & 2407 W 3rd St, Duluth, MN, 55806
About This Home
Exceptional investment opportunity featuring two side-by-side duplexes with strong cash flow. Both properties are structurally and mechanically sound, but could be improved with cosmetic updates. Priced well below the 1% rule, these income-producing properties present an attractive opportunity for investors seeking strong cash flow and upside. Includes convenient coin-operated laundry, providing an additional income stream. Whether you're looking to expand your portfolio or invest in a multi-property package, this is a rare chance to acquire four rental units at an attractive price with significant potential.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1903
Materials
- Foundation: Stone
- Construction materials: Fiber Board,Asphalt,Frame/Wood
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Full
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
Features
- Finished area below ground: 0
- Finished area above ground: 3,830
Heating
- Heating features: Boiler
Interior Area
- Total interior livable area: 3,830 sqft
Property
Details
- Parcel number: 010118001580, 010118001570, 010118001560
Lot
- Lot size: 9,147 sqft
- Lot size dimensions: 90 x 100
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
- Inland Flooding
- Lightning
- Hail
- 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 * | $158 | $1,896 |
| Property Taxes | $339 | $4,068 |
| Electricity | $323 | $3,876 |
| Total | $2,842 | $34,104 |
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