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.
For sale
$399,900
2 and 4 S 16th Ave E, Duluth, MN 55812
1beds
1baths
2,872sqft
Multi Family
Built in 1891
-- sqft lot
$-- Zestimate®
$139/sqft
$-- HOA
What's special
Coin operated laundry
- 4 hours |
- 50 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Adam Paulson 218-626-5913,
RE/MAX Results
Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6126831
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
Heating
- Forced Air
Features
- Basement: Full
Interior area
- Total interior livable area: 2,872 sqft
- Finished area above ground: 2,872
- Finished area below ground: 0
Property
Parking
- Parking features: None
Lot
- Size: 3,484 Square Feet
- Dimensions: 50 x 70
Details
- Parcel number: 010146004500
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood, Frame/Wood
- Foundation: Stone
Condition
- Year built: 1891
Utilities & green energy
- Electric: Minnesota Power
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Duluth
Financial & listing details
- Price per square foot: $139/sqft
- Annual tax amount: $5,238
- Date on market: 7/17/2026
- Tenant pays: Electricity
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/17/2026 | Listed for sale | $399,900$139/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #6126831 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Endion
Nearby schools
GreatSchools rating
- 8/10Congdon Park Elementary SchoolGrades: K-5Distance: 1.4 mi
- 7/10Ordean East Middle SchoolGrades: 6-8Distance: 1.2 mi
- 10/10East Senior High SchoolGrades: 9-12Distance: 2.3 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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