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714 E 6th St, Duluth, MN, 55805

5beds
3baths
2,350sqft
$320,000
$136price/sqft
$2,343/moest. monthly cost
$93,720/yrincome needed

About This Home

Turnkey, high-performing 3-unit investment opportunity in Duluth’s high-demand Central Hillside corridor! Grossing an impressive $3,400 per month, this uniquely structured multi-family property features two distinct buildings on two city parcels, offering unparalleled tenant privacy and an historically low vacancy rate. The front building is an exceptionally layout-efficient duplex consisting of a 1-bedroom, 1-bathroom unit and a 2-bedroom, 1-bathroom unit. The completely detached rear building features a private, single-family style 2-bedroom, 1-bathroom home (714 1/2). Investors will appreciate the separated mechanics: all units boast completely split electric and gas meters, leaving the owner responsible only for water and sewer, a massive operational advantage through northern winters. An active, clean City of Duluth rental license is already in place for a seamless ownership transfer. Centrally located just minutes from the major medical district, downtown waterfront, and local universities. Start or add to your portfolio, or live in one unit and let the others pay your mortgage. Schedule your showing today and capitalize on immediate, proven cash flow! Being sold completely "as-is".

Getting Around

76
WalkingVery Walkable
47
TransitSome Transit
56
BikeBikeable

Schools

2/10
Myers-Wilkins ElementaryGrades PK-50.3 mi
7/10
10/10
East Senior High SchoolGrades 9-123.1 mi

Construction

Condition

  • Year built: 1886

Materials

  • Foundation: Concrete Perimeter
  • Construction materials: Vinyl,Frame/Wood

Type & Style

  • Home type: MultiFamily
  • Property subType: Triplex

Interior

Appliances

  • Laundry features: In Basement

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3

Features

  • Finished area below ground: 0
  • Finished area above ground: 2,350

Heating

  • Heating features: Natural Gas

Interior Area

  • Total interior livable area: 2,350 sqft

Property

Details

  • Parcel number: 010385000950, 010385000940

Lot

  • Lot size: 6,969 sqft
  • Lot size dimensions: 6,969 sqft

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
    LightningModerate

How This Home’s Risks Compare

Lightning

FEMA Declared Disasters in St. Louis County and Minnesota

Fire
Flood
Severe Storm
Straight Line Winds

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

MonthlyAnnual
Mortgage $1,618$19,416
Home Insurance *$157$1,884
Property Taxes $370$4,440
Electricity $198$2,378
Total$2,343$28,116
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$80,331/yr
40% on housing$70,290/yr
45% on housing$62,480/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

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.

Insurance Growth Rate5-year average: 6.6%
6.6%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 2.8%
2.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$136This listing

vs Other Active Listings

Avg $/sqft

ZIP 55805$138
St. Louis County$177

vs Homes Sold Last Month

Median $/sqft

ZIP 55805
St. Louis County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-04Price change$299,900
2026-06-19Listed for sale$320,000
2022-11-21Sold$85,000

For Sale by Agent

AgentAlec Erickson
BrokerageTim Collelo Realty, LLC

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