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2417 Vermilion Rd, Duluth, MN, 55803

10beds
4baths
2,912sqft
$500,000
$172price/sqft
$3,393/moest. monthly cost
$135,720/yrincome needed

About This Home

High-Capacity Duplex with Exceptional Income Potential in Excellent Condition Welcome to 2417 Vermilion Rd—an impressive duplex offering spacious layouts and outstanding rental potential. With identical units, this property is ideal for investors seeking consistency and strong occupancy appeal. Each unit features 5 bedrooms and 2 full bathrooms, providing ample space for tenants and maximizing rental income. The open-concept living area flows seamlessly into the kitchen, creating a functional and inviting space for everyday living and gathering. Both units mirror each other in layout and design, making management straightforward and efficient. Shared laundry is conveniently located in the basement, and the tuck-under garage offers excellent storage space for the owner or landlord. The duplex is equipped with electric heat and an air exchanger, supporting efficiency and year-round comfort. With plenty of off-street parking, this property becomes even more attractive—when paired with the neighboring single family rental at 2425 Vermilion Rd, offering a unique opportunity to expand your investment portfolio side-by-side. With plenty of off-street parking and large unit sizes that are hard to find, this property stands out as a high-performing investment opportunity. Spacious, functional, and income-generating—this is a property you don’t want to miss. ***THIS PROPERTY MUST BE PURCHASED WITH 2425 Vermilion Rd***

Getting Around

10
WalkingCar-Dependent
29
TransitSome Transit
29
BikeSomewhat Bikeable

Schools

8/10
7/10
10/10
East Senior High SchoolGrades 9-121.4 mi

Construction

Condition

  • Property condition: Previously Owned
  • Year built: 2003

Materials

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

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex

Interior

Appliances

  • Appliances included: Dishwasher,Range,Refrigerator
  • Laundry features: Common Area,In Basement

Basement

  • Has basement: Yes
  • Basement: Full,Walkout

Bedrooms & Bathrooms

  • Bedrooms: 10
  • Bathrooms: 4

Features

  • Finished area below ground: 0
  • Finished area above ground: 2,912

Heating

  • Heating features: Electric

Interior Area

  • Total interior livable area: 2,912 sqft

Property

Details

  • Parcel number: 010387000160

Lot

  • Lot size: 0.36 Acres
  • Lot size dimensions: 90 x 175

Parking

  • Total spaces: 6
  • Parking features: Off Street,Tuckunder
  • Has garage: Yes
  • Attached garage spaces: 6
  • Covered spaces: 6
  • Has uncovered spaces: Yes

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
    LightningRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Lightning
Inland Flooding
Strong Wind

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 $2,528$30,336
Home Insurance *$182$2,184
Property Taxes $438$5,256
Electricity $245$2,947
Total$3,393$40,716
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$116,331/yr
40% on housing$101,790/yr
45% on housing$90,480/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

$172This listing

vs Other Active Listings

Avg $/sqft

ZIP 55803$217
St. Louis County$177

vs Homes Sold Last Month

Median $/sqft

ZIP 55803
St. Louis County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-03-24Listed for sale$500,000
2019-11-14Listing removed$1,500
2019-11-05Listed for rent$1,500
2003-10-23Sold$44,000
2003-02-21Sold$38,000
2002-10-18Sold$15,000

For Sale by Agent

AgentTracy Ramsay
BrokerageRE/MAX Results

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