Exceptional mixed-use investment opportunity in Carlton! This two-story brick building offers six income-producing units, including two commercial storefronts and four residential apartments. Positioned on Main Street with high visibility and a strong traffic count, the property enjoys a central location in the heart of town and is just two blocks from the local bike trail. The upper residential units have access to a second-story rear deck, while off-street parking provides added convenience for tenants and visitors. A washer and dryer serves the two upper-level apartments. Situated on two lots, this property combines historic character with practical amenities and a diversified income stream. Whether you're expanding an existing portfolio or seeking your next investment property, this well-cared-for asset offers strong appeal and lasting value. Schedule a personal tour today!
For sale
$495,000
206 3rd St, Carlton, MN 55718
4beds
2baths
4,030sqft
Multi Family
Built in 1930
-- sqft lot
$-- Zestimate®
$123/sqft
$-- HOA
What's special
Off-street parkingTwo-story brick buildingTwo commercial storefronts
- 59 days |
- 287 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Ron Tondryk 218-393-3793,
Coldwell Banker Realty - Duluth,
Desiree Barkos 218-451-0331,
Coldwell Banker Realty - Duluth
Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6126326
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Natural Gas
Appliances
- Included: Water Heater - Gas
- Laundry: 2nd Floor, Common Area
Features
- Basement: Full,Partially Finished,Utility Room
Interior area
- Total interior livable area: 4,030 sqft
- Finished area above ground: 3,282
- Finished area below ground: 748
Property
Parking
- Parking features: Off Street, None
- Has uncovered spaces: Yes
Features
- Patio & porch: Deck
- Has view: Yes
- View description: City Lights
Lot
- Size: 3,484 Square Feet
- Dimensions: 75 x 50
Details
- Parcel number: 150102140 and 150102160
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Poured Concrete
- Foundation: Concrete Perimeter
- Roof: Rubber
Condition
- Previously Owned
- Year built: 1930
Utilities & green energy
- Electric: Minnesota Power
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Carlton
Financial & listing details
- Price per square foot: $123/sqft
- Tax assessed value: $239,200
- Annual tax amount: $3,946
- Date on market: 6/24/2026
- Cumulative days on market: 43 days
- Listing terms: Cash,Conventional
- Tenant pays: Electricity
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/24/2026 | Listed for sale | $495,000$123/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #6126326 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,896 -1.7% | $239,200 +0.9% |
| 2024 | $3,964 +1% | $237,000 |
| 2023 | $3,926 -13.6% | $237,000 +9.1% |
| 2022 | $4,546 +26.8% | $217,200 +12.3% |
| 2021 | $3,584 -1.2% | $193,400 +28.8% |
| 2020 | $3,628 +0.8% | $150,100 +1.7% |
| 2018 | $3,600 | $147,600 |
| 2017 | $3,600 -10% | $147,600 |
| 2016 | $4,000 +3.8% | $147,600 +6.4% |
| 2015 | $3,854 | $138,700 |
| 2014 | $3,854 | $138,700 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 55718
Nearby schools
GreatSchools rating
- 3/10South Terrace Elementary SchoolGrades: PK-5Distance: 1 mi
- 5/10Carlton SecondaryGrades: 6-12Distance: 0.1 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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