1415 E 4th St
Duplex · 2 units: 2 bed / 1 bath and 4 bed / 1 bath · 2,563 sq ft
Duluth, MN · View the listing ↗
Photos courtesy of RE/MAX Results, via Realtor.com.
- Asking price
- $399,900 2 units · $200K per unit
- Monthly cash flow
- −$554 at 20% down, 7%
- Estimated rent
- $3,150/mo high confidence
- Break-even price
- $295,780 where cash flow hits $0
First look
This is a Duluth duplex rented as one 6-bedroom group house at $3,150/mo on a lease through 5/19/2027, with a signed renewal at $3,540. That is a clean income story, but our underwriting at $399,900 shows about -$554/mo and a 4.7% cap rate, and break-even is near $296K. Our unit estimates ($1,875 for the 4-bed, $1,275 for the 2-bed, about $3,150 combined) match the current $3,150, so the rent looks fair, but one group lease is a single point of failure. Tenants pay utilities, which helps. Check first whether the tenants are students or related adults, what happens when they leave, and what the unit-by-unit rent would be. Photos show dated but livable interiors and no boiler or panel shots. Worth a showing only if the seller is open to a big price cut.
Things to consider
- Price is well above what the numbers support Our underwriting shows negative cash flow of about $554/mo and break-even near $296K. A purchase at ask depends on you accepting thin or negative returns.
- Income depends on one group lease The $3,150 rent is in line with our combined estimate of about $3,150. If the group leaves, re-leasing as two units may bring in less.Listing says: “currently being rented to a single group as a 6-bedroom rental”
- Tenants pay utilities Owner costs are limited to taxes, insurance, repairs and reserves, which keeps expenses predictable.Listing says: “with tenants paying utilities”
- Garage structure and old building systems need inspection Bracing work in 2025 hints at structural issues, and a 1909 building with boilers could mean big capital costs.Listing says: “new garage bracing in 2025”
- Expense figures are seller-stated and unverified The parcel did not match county records, so taxes could be higher after a sale.
From the photos
Based on 10 of the listing photos. Photos can hide as much as they show; an inspection is the real answer.
Rents the listing states
- Whole building (6-bed group lease): $3,450 (lease)Listing says: The current lease runs through 5/19/2027 at $3,450 per month, with tenants paying utilities.
Condition and repairs
- doneNew parking lot and sidewalks (2022)Listing says: new parking lot and sidewalks in 2022 and new garage bracing in 2025
- doneGarage bracing (2025)Listing says: new garage bracing in 2025
- doneWalk-in shower, dishwasher, new refrigerator and dryerListing says: Numerous updates include a walk-in shower, two refrigerators, dishwasher, washer and dryer
AI-assisted first read of the listing description and photos (Claude), checked against public records. Every rent and repair above quotes the listing; verify with the agent, leases and an inspection.
The numbers
Edit rents, costs and assumptions
Default: 20% down (no PMI), offer at asking, self-managed, 7.00% for 30 years, buyer pays closing costs (3%).
The deal
- Price
- $399,900
- Cash to close
- $51,987
- Price per unit
- $199,950
- GRM
- 10.6
Each month
- Cash flow
- −$1,045/mo
- Cash-on-cash
- −24.1%
- Cap rate
- 4.7%
- DSCR
- 0.60×
Break-even
- Price that breaks even
- $240,338
- Rent that breaks even
- $4,507/mo
Long run
- Year 30: property vs stocks
- $1.02M vs $900K
- Cash flow turns positive
- year 17
The deal
- Price
- $399,900
- Cash to close
- $51,987
- Price per unit
- $199,950
- GRM
- 10.6
Each month
- Cash flow
- −$1,312/mo
- Cash-on-cash
- −30.3%
- Cap rate
- 3.9%
- DSCR
- 0.50×
Break-even
- Price that breaks even
- $199,653
- Rent that breaks even
- $5,064/mo
Long run
- Year 30: property vs stocks
- $930K vs $1.22M
- Cash flow turns positive
- year 25
The deal
- Price
- $389,900
- Cash to close
- $50,687
- Price per unit
- $194,950
- GRM
- 10.3
Each month
- Cash flow
- −$980/mo
- Cash-on-cash
- −23.2%
- Cap rate
- 4.8%
- DSCR
- 0.62×
Break-even
- Price that breaks even
- $240,338
- Rent that breaks even
- $4,422/mo
Long run
- Year 30: property vs stocks
- $1.02M vs $838K
- Cash flow turns positive
- year 16
The deal
- Price
- $389,900
- Cash to close
- $50,687
- Price per unit
- $194,950
- GRM
- 10.3
Each month
- Cash flow
- −$1,246/mo
- Cash-on-cash
- −29.5%
- Cap rate
- 4.0%
- DSCR
- 0.51×
Break-even
- Price that breaks even
- $199,653
- Rent that breaks even
- $4,968/mo
Long run
- Year 30: property vs stocks
- $913K vs $1.15M
- Cash flow turns positive
- year 24
The deal
- Price
- $399,900
- Cash to close
- $91,977
- Price per unit
- $199,950
- GRM
- 10.6
Each month
- Cash flow
- −$554/mo
- Cash-on-cash
- −7.2%
- Cap rate
- 4.7%
- DSCR
- 0.74×
Break-even
- Price that breaks even
- $295,780
- Rent that breaks even
- $3,870/mo
Long run
- Year 30: property vs stocks
- $1.11M vs $923K
- Cash flow turns positive
- year 13
The deal
- Price
- $399,900
- Cash to close
- $91,977
- Price per unit
- $199,950
- GRM
- 10.6
Each month
- Cash flow
- −$821/mo
- Cash-on-cash
- −10.7%
- Cap rate
- 3.9%
- DSCR
- 0.61×
Break-even
- Price that breaks even
- $245,711
- Rent that breaks even
- $4,347/mo
Long run
- Year 30: property vs stocks
- $966K vs $1.19M
- Cash flow turns positive
- year 20
The deal
- Price
- $389,900
- Cash to close
- $89,677
- Price per unit
- $194,950
- GRM
- 10.3
Each month
- Cash flow
- −$501/mo
- Cash-on-cash
- −6.7%
- Cap rate
- 4.8%
- DSCR
- 0.76×
Break-even
- Price that breaks even
- $295,780
- Rent that breaks even
- $3,801/mo
Long run
- Year 30: property vs stocks
- $1.11M vs $869K
- Cash flow turns positive
- year 12
The deal
- Price
- $389,900
- Cash to close
- $89,677
- Price per unit
- $194,950
- GRM
- 10.3
Each month
- Cash flow
- −$767/mo
- Cash-on-cash
- −10.3%
- Cap rate
- 4.0%
- DSCR
- 0.63×
Break-even
- Price that breaks even
- $245,711
- Rent that breaks even
- $4,270/mo
Long run
- Year 30: property vs stocks
- $954K vs $1.13M
- Cash flow turns positive
- year 19
The deal
- Price
- $399,900
- Cash to close
- $111,972
- Price per unit
- $199,950
- GRM
- 10.6
Each month
- Cash flow
- −$421/mo
- Cash-on-cash
- −4.5%
- Cap rate
- 4.7%
- DSCR
- 0.79×
Break-even
- Price that breaks even
- $315,499
- Rent that breaks even
- $3,697/mo
Long run
- Year 30: property vs stocks
- $1.18M vs $987K
- Cash flow turns positive
- year 10
The deal
- Price
- $399,900
- Cash to close
- $111,972
- Price per unit
- $199,950
- GRM
- 10.6
Each month
- Cash flow
- −$688/mo
- Cash-on-cash
- −7.4%
- Cap rate
- 3.9%
- DSCR
- 0.66×
Break-even
- Price that breaks even
- $262,091
- Rent that breaks even
- $4,153/mo
Long run
- Year 30: property vs stocks
- $995K vs $1.22M
- Cash flow turns positive
- year 18
The deal
- Price
- $389,900
- Cash to close
- $109,172
- Price per unit
- $194,950
- GRM
- 10.3
Each month
- Cash flow
- −$371/mo
- Cash-on-cash
- −4.1%
- Cap rate
- 4.8%
- DSCR
- 0.81×
Break-even
- Price that breaks even
- $315,499
- Rent that breaks even
- $3,632/mo
Long run
- Year 30: property vs stocks
- $1.18M vs $936K
- Cash flow turns positive
- year 9
The deal
- Price
- $389,900
- Cash to close
- $109,172
- Price per unit
- $194,950
- GRM
- 10.3
Each month
- Cash flow
- −$638/mo
- Cash-on-cash
- −7.0%
- Cap rate
- 4.0%
- DSCR
- 0.67×
Break-even
- Price that breaks even
- $262,091
- Rent that breaks even
- $4,080/mo
Long run
- Year 30: property vs stocks
- $985K vs $1.16M
- Cash flow turns positive
- year 17
Monthly
Monthly breakdown
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$398 |
| Insurance Estimate | −$224 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Net operating income | $1,574 |
| Mortgage (principal + interest) | −$2,394 |
| PMI | −$225 |
| Cash flow | −$1,045 |
| Principal paid down (equity, not cash) | $305 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$398 |
| Insurance Estimate | −$224 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Property management | −$266 |
| Net operating income | $1,308 |
| Mortgage (principal + interest) | −$2,394 |
| PMI | −$225 |
| Cash flow | −$1,312 |
| Principal paid down (equity, not cash) | $305 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$398 |
| Insurance Estimate | −$224 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Net operating income | $1,574 |
| Mortgage (principal + interest) | −$2,335 |
| PMI | −$219 |
| Cash flow | −$980 |
| Principal paid down (equity, not cash) | $297 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$398 |
| Insurance Estimate | −$224 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Property management | −$266 |
| Net operating income | $1,308 |
| Mortgage (principal + interest) | −$2,335 |
| PMI | −$219 |
| Cash flow | −$1,246 |
| Principal paid down (equity, not cash) | $297 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$398 |
| Insurance Estimate | −$224 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Net operating income | $1,574 |
| Mortgage (principal + interest) | −$2,128 |
| Cash flow | −$554 |
| Principal paid down (equity, not cash) | $271 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$398 |
| Insurance Estimate | −$224 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Property management | −$266 |
| Net operating income | $1,308 |
| Mortgage (principal + interest) | −$2,128 |
| Cash flow | −$821 |
| Principal paid down (equity, not cash) | $271 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$398 |
| Insurance Estimate | −$224 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Net operating income | $1,574 |
| Mortgage (principal + interest) | −$2,075 |
| Cash flow | −$501 |
| Principal paid down (equity, not cash) | $264 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$398 |
| Insurance Estimate | −$224 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Property management | −$266 |
| Net operating income | $1,308 |
| Mortgage (principal + interest) | −$2,075 |
| Cash flow | −$767 |
| Principal paid down (equity, not cash) | $264 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$398 |
| Insurance Estimate | −$224 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Net operating income | $1,574 |
| Mortgage (principal + interest) | −$1,995 |
| Cash flow | −$421 |
| Principal paid down (equity, not cash) | $254 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$398 |
| Insurance Estimate | −$224 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Property management | −$266 |
| Net operating income | $1,308 |
| Mortgage (principal + interest) | −$1,995 |
| Cash flow | −$688 |
| Principal paid down (equity, not cash) | $254 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$398 |
| Insurance Estimate | −$224 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Net operating income | $1,574 |
| Mortgage (principal + interest) | −$1,946 |
| Cash flow | −$371 |
| Principal paid down (equity, not cash) | $248 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$398 |
| Insurance Estimate | −$224 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Property management | −$266 |
| Net operating income | $1,308 |
| Mortgage (principal + interest) | −$1,946 |
| Cash flow | −$638 |
| Principal paid down (equity, not cash) | $248 |
Cash flow each year
Rents +3%/yr, costs +3.5%/yr. Red bars are months you'd cover out of pocket.
30 years
How those totals add up
- Your equity when you sell
- $912,422
- Rental profits, invested at 7%
- $110,959
Sells for $970,662 (value up 3% a year), minus 6% selling cost ($58,240). Rent paid down $359,910 of loan.
$82,668 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $395,738
- Monthly shortfalls, invested
- $504,688
$51,987 put into an index fund instead of the down payment and closing costs.
$95,297 you'd have paid in while the building lost money, invested instead.
The building comes out $122,955 ahead after 30 years.
- Your equity when you sell
- $912,422
- Rental profits, invested at 7%
- $17,335
Sells for $970,662 (value up 3% a year), minus 6% selling cost ($58,240). Rent paid down $359,910 of loan.
$15,487 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $395,738
- Monthly shortfalls, invested
- $827,756
$51,987 put into an index fund instead of the down payment and closing costs.
$180,560 you'd have paid in while the building lost money, invested instead.
Stocks come out $293,736 ahead after 30 years.
- Your equity when you sell
- $889,607
- Rental profits, invested at 7%
- $127,723
Sells for $946,390 (value up 3% a year), minus 6% selling cost ($56,783). Rent paid down $350,910 of loan.
$92,945 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $385,842
- Monthly shortfalls, invested
- $451,839
$50,687 put into an index fund instead of the down payment and closing costs.
$83,748 you'd have paid in while the building lost money, invested instead.
The building comes out $179,648 ahead after 30 years.
- Your equity when you sell
- $889,607
- Rental profits, invested at 7%
- $23,348
Sells for $946,390 (value up 3% a year), minus 6% selling cost ($56,783). Rent paid down $350,910 of loan.
$20,379 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $385,842
- Monthly shortfalls, invested
- $764,155
$50,687 put into an index fund instead of the down payment and closing costs.
$163,627 you'd have paid in while the building lost money, invested instead.
Stocks come out $237,044 ahead after 30 years.
- Your equity when you sell
- $912,422
- Rental profits, invested at 7%
- $200,542
Sells for $970,662 (value up 3% a year), minus 6% selling cost ($58,240). Rent paid down $319,920 of loan.
$133,755 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $700,152
- Monthly shortfalls, invested
- $223,090
$91,977 put into an index fund instead of the down payment and closing costs.
$39,806 you'd have paid in while the building lost money, invested instead.
The building comes out $189,722 ahead after 30 years.
- Your equity when you sell
- $912,422
- Rental profits, invested at 7%
- $53,476
Sells for $970,662 (value up 3% a year), minus 6% selling cost ($58,240). Rent paid down $319,920 of loan.
$42,823 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $700,152
- Monthly shortfalls, invested
- $492,715
$91,977 put into an index fund instead of the down payment and closing costs.
$101,319 you'd have paid in while the building lost money, invested instead.
Stocks come out $226,970 ahead after 30 years.
- Your equity when you sell
- $889,607
- Rental profits, invested at 7%
- $223,858
Sells for $946,390 (value up 3% a year), minus 6% selling cost ($56,783). Rent paid down $311,920 of loan.
$145,725 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $682,644
- Monthly shortfalls, invested
- $186,075
$89,677 put into an index fund instead of the down payment and closing costs.
$32,615 you'd have paid in while the building lost money, invested instead.
The building comes out $244,745 ahead after 30 years.
- Your equity when you sell
- $889,607
- Rental profits, invested at 7%
- $64,042
Sells for $946,390 (value up 3% a year), minus 6% selling cost ($56,783). Rent paid down $311,920 of loan.
$50,079 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $682,644
- Monthly shortfalls, invested
- $442,950
$89,677 put into an index fund instead of the down payment and closing costs.
$89,414 you'd have paid in while the building lost money, invested instead.
Stocks come out $171,946 ahead after 30 years.
- Your equity when you sell
- $912,422
- Rental profits, invested at 7%
- $262,835
Sells for $970,662 (value up 3% a year), minus 6% selling cost ($58,240). Rent paid down $299,925 of loan.
$164,792 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $852,359
- Monthly shortfalls, invested
- $134,593
$111,972 put into an index fund instead of the down payment and closing costs.
$22,954 you'd have paid in while the building lost money, invested instead.
The building comes out $188,305 ahead after 30 years.
- Your equity when you sell
- $912,422
- Rental profits, invested at 7%
- $82,400
Sells for $970,662 (value up 3% a year), minus 6% selling cost ($58,240). Rent paid down $299,925 of loan.
$62,115 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $852,359
- Monthly shortfalls, invested
- $370,849
$111,972 put into an index fund instead of the down payment and closing costs.
$72,722 you'd have paid in while the building lost money, invested instead.
Stocks come out $228,386 ahead after 30 years.
- Your equity when you sell
- $889,607
- Rental profits, invested at 7%
- $290,004
Sells for $946,390 (value up 3% a year), minus 6% selling cost ($56,783). Rent paid down $292,425 of loan.
$177,440 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $831,045
- Monthly shortfalls, invested
- $105,201
$109,172 put into an index fund instead of the down payment and closing costs.
$17,638 you'd have paid in while the building lost money, invested instead.
The building comes out $243,364 ahead after 30 years.
- Your equity when you sell
- $889,607
- Rental profits, invested at 7%
- $95,704
Sells for $946,390 (value up 3% a year), minus 6% selling cost ($56,783). Rent paid down $292,425 of loan.
$70,416 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $831,045
- Monthly shortfalls, invested
- $327,592
$109,172 put into an index fund instead of the down payment and closing costs.
$63,059 you'd have paid in while the building lost money, invested instead.
Stocks come out $173,328 ahead after 30 years.
Future dollars. At 3% inflation, divide year-30 figures by about 2.4 for today's buying power. Rental profits are assumed invested, not spent.
30 years: this property vs. the same money in stocks
Year 30 (loan paid off): property $1.02M, stocks $900K. The property wins.
Year 30 (loan paid off): property $930K, stocks $1.22M. Stocks win.
Year 30 (loan paid off): property $1.02M, stocks $838K. The property wins.
Year 30 (loan paid off): property $913K, stocks $1.15M. Stocks win.
Year 30 (loan paid off): property $1.11M, stocks $923K. The property wins.
Year 30 (loan paid off): property $966K, stocks $1.19M. Stocks win.
Year 30 (loan paid off): property $1.11M, stocks $869K. The property wins.
Year 30 (loan paid off): property $954K, stocks $1.13M. Stocks win.
Year 30 (loan paid off): property $1.18M, stocks $987K. The property wins.
Year 30 (loan paid off): property $995K, stocks $1.22M. Stocks win.
Year 30 (loan paid off): property $1.18M, stocks $936K. The property wins.
Year 30 (loan paid off): property $985K, stocks $1.16M. Stocks win.
Comparable rentals
Nearby rentals RentCast matched to each unit type, as of 2026-10-05. The estimate above is RentCast's, weighted toward the closest matches.
2 bed / 1 bath estimate $1,275/mo · range $1,125–$1,425
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 1529 E 3rd St, Apt 3, Duluth 55812 off market | $1,250 | 2 / 1 | 0.1 mi | 94% |
| 1529 E 3rd St, Apt 5, Duluth 55812 off market | $1,240 | 2 / 1 | 0.1 mi | 94% |
| 1631 E 4th St, Apt 7, Duluth 55812 off market | $1,600 | 2 / 1 | 0.2 mi | 94% |
| 1414 E 1st St, Unit 1E, Duluth 55805 off market | $1,300 | 2 / 1 | 0.2 mi | 94% |
| 1414 E 1st St, Unit 3E, Duluth 55805 off market | $1,325 | 2 / 1 | 0.2 mi | 94% |
| 1430 E 1st St, Apt 5, Duluth 55805 off market | $1,065 | 2 / 1 | 0.2 mi | 94% |
| 1430 E 1st St, Apt 3, Duluth 55805 off market | $1,075 | 2 / 1 | 0.2 mi | 94% |
| 1625 E 1st St, Apt 1, Duluth 55812 off market | $1,100 | 2 / 1 | 0.3 mi | 94% |
| 1224 E 1st St, Apt A, Duluth 55805 off market | $1,375 | 2 / 1 | 0.3 mi | 94% |
| 1717 E 5th St, Unit Upper, Duluth 55812 off market | $1,150 | 2 / 1 | 0.3 mi | 94% |
4 bed / 1 bath estimate $1,875/mo · range $1,725–$2,025
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 230 N 16th Ave E, Apt 3, Duluth 55812 off market | $1,750 | 4 / 1 | 0.2 mi | 94% |
| 510 N 11th Ave E, Duluth 55805 off market | $2,000 | 4 / 1 | 0.3 mi | 88% |
| 120-122 N 12th Ave E, Duluth 55805 off market | $1,800 | 4 / 2 | 0.3 mi | 88% |
| 1813-1819 E 2nd St, Duluth 55812 off market | $1,450 | 4 / 2 | 0.4 mi | 88% |
| 1318 E 11th St, Duluth 55805 off market | $1,950 | 4 / 1.5 | 0.4 mi | 86% |
| 902 N 11th Ave E, Duluth 55805 | $1,585 | 4 / 1 | 0.4 mi | 86% |
| 1122 E 5th St, Duluth 55805 off market | $1,600 | 4 / 1.5 | 0.3 mi | 86% |
| 1610 E 5th St, Unit Upper, Duluth 55812 off market | $1,575 | 3 / 1 | 0.2 mi | 84% |
| 1211 E 1st St, Apt 3, Duluth 55805 off market | $1,800 | 3 / 1 | 0.3 mi | 84% |
| 1723 E 5th St, Unit Upper, Duluth 55812 off market | $1,775 | 5 / 1 | 0.3 mi | 84% |
On the maps, this property and comparable rentals. Comparable rentals and rent estimate: RentCast. Rents are asking rents from listings; check them against the actual leases.
Red flags and opportunities
Watch for
- mediumCouldn't match this address to a county parcel record, so taxes and unit count are unverified. Public record: County parcels: no match for 1415 4TH ST E
- mediumBoth units rented as one 6-bedroom group lease. If the group leaves, you re-lease two units at lower combined rents and may face vacancy. Listing says: currently being rented to a single group as a 6-bedroom rental · AI review
- mediumGarage needed bracing in 2025, which suggests structural issues. Get the details and an inspection. Listing says: new garage bracing in 2025 · AI review
- mediumTaxes and insurance are seller-stated and we could not match a county parcel. Verify the tax bill, since an investor may pay more than the seller's figure. Listing says: 2026 property taxes are $4,804 and insurance is approximately $1,730 annually. · AI review
- lowZero vacancy since 1990 is a claim without documentation. Ask for proof. Listing says: Long-term rental history with zero vacancy since 1990. · AI review
Opportunities
- Lease already renewed through 2028 with a rent bump, giving income visibility and no rent cap in Duluth. Listing says: A new lease is already in place with the same tenants beginning 6/1/2027 · AI review
- Separate meters, panels and boilers for each unit make it simple to split into two leases later. Listing says: two electrical service panels, two boilers, two electric meters, and two gas meters · AI review
- Garage and plenty of parking support rents in a student area. Listing says: 2-stall garage, 5 off-street parking spaces, excellent on-street parking · AI review
Questions for the agent
- Who are the tenants, and is the lease signed by all of them jointly? What is the history of turnover within the group?
- Can I see the rent roll, the signed renewal and the last 12 months of expenses, including insurance and repairs?
- What exactly was wrong with the garage that needed bracing in 2025, and who did the work?
- What was in the 6/9/2026 city rental inspection, and were there any required corrections?
- How old are the boilers, roof, water heaters and electrical panels, and is the wiring knob-and-tube or updated?
- Why is it priced at $399,900, and is the seller flexible on price?
Bottom line
Solid, stable-looking rent, but at $399,900 it loses money by our numbers, so only a much lower price makes it work. AI-assisted summary
What the records say
Where each number comes from
| Property tax / yr Listinglisting, tax year 2026. The tax the listing states. If the seller lives there it may be at the lower homestead rate; an investor owner pays the non-homestead rate, often 20–40% more on the owner's unit. | $4,770 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $2,685 |
| Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid | $170 |
| Heat / mo Assumptionassumption. tenants pay heat; confirm with the agent | $0 |
| Lawn care / mo Assumptionassumption. $120/mo for 6 months, spread over 12; no snow removal | $60 |
| Repairs / capital reserve Rulerule. built 1909: +1 pt capital reserve | 8% / 9% |
Price history Realtor.com
On the market since 2026-09-28 (7 days).
| Date | Event | Price |
|---|---|---|
| Listed | $399,900 | |
| Listed | $399,900 |
From the listing Listing
| Listed as | duplex |
| Property tax, 2026 | $4,770 |
| County | St. Louis County |
| Parcel number | 010-1480-08340 |
As the listing states it (NorthstarMLS, via Realtor.com). We don't have county records here yet; check the tax, homestead status and special assessments with the county.
Crime, rental-license and vacant-building records are only available for St. Paul and Minneapolis so far. Check with Duluth on rental licensing before you buy.