525 W 4th Street, Duluth, MN 55806

$250,000
Property Type: Multi-Family Bedrooms: 4 Baths: 2 Square Footage: 2,281 Lot Size (sq. ft.): 3,485 Status: Pending
Current Price: $250,000 List Date: 4/25/2026 Last Modified: 7/07/2026

Overview

Description

How about 3 lots for the price of 1. This duplex was recently rented for $1,200 (Upper Unit) & $1,300 (Lower Unit). Next cycle would be $1,300 each unit. Good cash flowing property with 3 PID's. Perhaps the city would allow you to build a three tiered row house with a zero lot line. Great location for this income producing duplex. Good views of Lake Superior and the bay. Backyard and side yard available for use. Tenants pay for utilities electric, heat and garbage. Hot water heater is 2019. Off street parking for 2 vehicles. Both units currently vacant & ready to rent.

Listing Details MLS# 7028930

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1883
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
781
Above Ground SqFt
1500
Below Grd Total SqFt
781
Total SqFt
2281
Foundation Size
781
Style
(MF) Duplex Up and Down
Total Finished Sqft
1562.00
Lot Dimensions
50x150x50x150
Acres
0.08
Assessment Pending
Unknown
Garage Stalls
0

Property Features

Accessible: None Assumable Loan: Not Assumable Basement: Full Construction Materials: Stone Construction Status: Previously Owned Electric: 100 Amp Service Exterior: Aluminum Siding; Wood Fencing: None Foundation: Stone Fuel: Natural Gas Heating: Forced Air Internet Options: Cable; Fiber Optic; Satellite Lock Box Type: Combo Lot Description: Tree Coverage - Light Owner Pays: Fuel; Gas; Maintenance/Repair; Sewer; Taxes; Water Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age Over 8 Years Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Stories: Two Tenant Pays: Cable TV; Electricity; Telephone Unit 1 Amenities: Porch Unit 1 Appliances: Dishwasher; Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: None Unit 2 Appliances: Dishwasher; Range; Refrigerator Unit 2 Bath Description: Main Floor Full Bath Unit 2 Dining Room Description: Eat In Kitchen Water: City Water/Connected

Contract Information

Off Market Date
2026-06-02
Contingency
None
Original List Price
265000
ListPrice
250000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
525
Street Direction Prefix
W
Street Name
4th
Street Suffix
Street
Postal City
Duluth
County
St. Louis
State
MN
Zip Code
55806
Complex/Dev/Subdivision
Duluth Proper Third Div

Assessments

Tax With Assessments
2612
Assessment Balance
0

Basement

Foundation Dimensions
36x22
Full
Yes

More Information

Building Information

Finished SqFt Above Ground
1562

Income and Expenses

Annual Gross Income
31200
Annual Caretaker Expense
0
Annual Electric Expense
0
Annual Fuel Expense
0
Annual Gross Expenses
0
Annual Insurance Expense
0
Annual Maintenance Expense
0
Annual Repair Expense
0
Annual Trash Expense
0
Annual Water/Sewer Expense
0
Total Annual Expenses
0

Lease Details

Land Leased
Not Applicable

Lock Box Type

Lock Box Source
SPAAR
Combo
Yes

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Unit 1

Furnished?
No
Leased?
No
Unit Number
Yes
Annual Rent
15600
Finished SqFt
781
Full Baths
Yes
Monthly Rent
1300
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
2
Total Rooms
6

Unit 2

Furnished?
No
Leased?
No
Unit Number
2
Annual Rent
15600
Finished SqFt
781
Full Baths
Yes
Monthly Rent
1300
No. of Units Like This
Yes
Oth Parking Spaces
Yes
Total Baths
Yes
Total Bedrooms
2
Total Rooms
5

Unit Details

Total Units
2

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

Legal Description
E1/2
Listing City
Duluth
Map Page
999
Municipality
Duluth
School District
Duluth
School District Phone
218-336-8700
Zip Plus 4
4608
Property ID Number
010127003690
Tax Year
2025
Tax Amount
2612
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
How about 3 lots for the price of 1. This duplex was recently rented for $1,200 (Upper Unit) & $1,300 (Lower Unit). Next cycle would be $1,300 each unit. Good cash flowing property with 3 PID's. Perhaps the city would allow you to build a three tiered row house with a zero lot line. Great location for this income producing duplex. Good views of Lake Superior and the bay. Backyard and side yard available for use. Tenants pay for utilities electric, heat and garbage. Hot water heater is 2019. Off street parking for 2 vehicles. Both units currently vacant & ready to rent.
Directions
I35 to N Lake Ave, go West to 4th Street, Go South to property.

Accessible

None
Yes

Assumable Loan

Not Assumable
Yes

Construction Materials

Stone
Yes

Construction Status

Previously Owned
Yes

Electric

100 Amp Service
Yes

Exterior

Aluminum Siding
Yes
Wood
Yes

Fencing

None
Yes

Foundation

Stone
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Internet Options

Cable
Yes
Fiber Optic
Yes
Satellite
Yes

Lot Description

Tree Coverage - Light
Yes

Owner Pays

Fuel
Yes
Gas
Yes
Maintenance/Repair
Yes
Sewer
Yes
Taxes
Yes
Water
Yes

Patio, Porch and Deck Features

Front Porch
Yes

Road Frontage

City Street
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Age Over 8 Years
Yes

Sellers Terms

Cash
Yes
Conventional
Yes

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

No. of Ranges

Two
Yes

No. of Refrigerators

Two
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes
Telephone
Yes

Unit 1 Amenities

Porch
Yes

Unit 1 Appliances

Dishwasher
Yes
Range
Yes
Refrigerator
Yes

Unit 1 Bath Description

Main Floor Full Bath
Yes

Unit 1 Cooling

None
Yes

Unit 2 Appliances

Dishwasher
Yes
Range
Yes
Refrigerator
Yes

Unit 2 Bath Description

Main Floor Full Bath
Yes

Unit 2 Dining Room Description

Eat In Kitchen
Yes

Documents

IDX
Listing Office: RE/MAX Advantage Plus
Last Updated: July - 07 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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