1511 E 4th St
Triplex · 3 units: 3 bed / 1 bath, 2 bed / 1 bath and 1 bed / 1 bath · 4,244 sq ft
Duluth, MN · View the listing ↗
Photos courtesy of RE/MAX Results, via Realtor.com.
- Asking price
- $349,900 3 units · $117K per unit
- Monthly cash flow
- −$32 at 20% down, 7%
- Break-even price
- $343,937 where cash flow hits $0
First look
Two of three units are vacant, so the real income today is one lease at $1,300. The other two are only asking rents ($1,600 and $1,100 with all utilities included), and those are projections, not income. Our underwriting at asking price shows about -$32/month cash flow and a 6.3% cap, which is thin and leaves no room for surprises. The county parcel didn't match, so taxes and unit count are unverified. Check that first, then the rental license, the heating setup, and why two units are empty on a listing called 'well-maintained'. Worth a showing only if the license and taxes check out and the price comes down.
Things to consider
- Only one rent is real Two vacant units mean income depends on leasing them at asking rents. Underwriting assumes full occupancy, so cash flow is already negative and would be worse until they fill.Listing says: “Unit 1 is currently vacant and being marketed for rent at $1,600 per month”
- Owner-paid utilities cut into thin cash flow Heat, water and electric on two units can eat a large share of rent. At about -$32/month cash flow, any utility bill makes the loss bigger.
- Taxes and unit count are unverified No county parcel match means the tax figure in our underwriting could be off. A higher non-homestead bill would cut returns further.
- Old building with visible exterior wood stairs Stairs, porches and a 1905 build usually mean upkeep costs and inspection items. Budget for repairs and reserves.From photo 1
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
- Unit 2: $1,300 (lease)Listing says: Unit 2 is leased at $1,300 per month through July 30, 2027
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
- $349,900
- Cash to close
- $45,487
- Price per unit
- $116,633
- GRM
- 7.8
Each month
- Cash flow
- −$461/mo
- Cash-on-cash
- −12.2%
- Cap rate
- 6.3%
- DSCR
- 0.80×
Break-even
- Price that breaks even
- $279,468
- Rent that breaks even
- $4,349/mo
Long run
- Year 30: property vs stocks
- $1.24M vs $454K
- Cash flow turns positive
- year 7
The deal
- Price
- $349,900
- Cash to close
- $45,487
- Price per unit
- $116,633
- GRM
- 7.8
Each month
- Cash flow
- −$779/mo
- Cash-on-cash
- −20.5%
- Cap rate
- 5.2%
- DSCR
- 0.66×
Break-even
- Price that breaks even
- $231,034
- Rent that breaks even
- $4,886/mo
Long run
- Year 30: property vs stocks
- $955K vs $668K
- Cash flow turns positive
- year 14
The deal
- Price
- $339,900
- Cash to close
- $44,187
- Price per unit
- $113,300
- GRM
- 7.6
Each month
- Cash flow
- −$396/mo
- Cash-on-cash
- −10.8%
- Cap rate
- 6.5%
- DSCR
- 0.82×
Break-even
- Price that breaks even
- $279,468
- Rent that breaks even
- $4,264/mo
Long run
- Year 30: property vs stocks
- $1.26M vs $420K
- Cash flow turns positive
- year 5
The deal
- Price
- $339,900
- Cash to close
- $44,187
- Price per unit
- $113,300
- GRM
- 7.6
Each month
- Cash flow
- −$713/mo
- Cash-on-cash
- −19.4%
- Cap rate
- 5.3%
- DSCR
- 0.68×
Break-even
- Price that breaks even
- $231,034
- Rent that breaks even
- $4,790/mo
Long run
- Year 30: property vs stocks
- $956K vs $611K
- Cash flow turns positive
- year 13
The deal
- Price
- $349,900
- Cash to close
- $80,477
- Price per unit
- $116,633
- GRM
- 7.8
Each month
- Cash flow
- −$32/mo
- Cash-on-cash
- −0.5%
- Cap rate
- 6.3%
- DSCR
- 0.98×
Break-even
- Price that breaks even
- $343,937
- Rent that breaks even
- $3,791/mo
Long run
- Year 30: property vs stocks
- $1.45M vs $613K
- Cash flow turns positive
- year 1
The deal
- Price
- $349,900
- Cash to close
- $80,477
- Price per unit
- $116,633
- GRM
- 7.8
Each month
- Cash flow
- −$349/mo
- Cash-on-cash
- −5.2%
- Cap rate
- 5.2%
- DSCR
- 0.81×
Break-even
- Price that breaks even
- $284,330
- Rent that breaks even
- $4,259/mo
Long run
- Year 30: property vs stocks
- $1.06M vs $716K
- Cash flow turns positive
- year 9
The deal
- Price
- $339,900
- Cash to close
- $78,177
- Price per unit
- $113,300
- GRM
- 7.6
Each month
- Cash flow
- $21/mo
- Cash-on-cash
- 0.3%
- Cap rate
- 6.5%
- DSCR
- 1.01×
Break-even
- Price that breaks even
- $343,937
- Rent that breaks even
- $3,722/mo
Long run
- Year 30: property vs stocks
- $1.49M vs $595K
- Cash flow turns positive
- year 1
The deal
- Price
- $339,900
- Cash to close
- $78,177
- Price per unit
- $113,300
- GRM
- 7.6
Each month
- Cash flow
- −$296/mo
- Cash-on-cash
- −4.5%
- Cap rate
- 5.3%
- DSCR
- 0.84×
Break-even
- Price that breaks even
- $284,330
- Rent that breaks even
- $4,182/mo
Long run
- Year 30: property vs stocks
- $1.07M vs $670K
- Cash flow turns positive
- year 8
The deal
- Price
- $349,900
- Cash to close
- $97,972
- Price per unit
- $116,633
- GRM
- 7.8
Each month
- Cash flow
- $85/mo
- Cash-on-cash
- 1.0%
- Cap rate
- 6.3%
- DSCR
- 1.05×
Break-even
- Price that breaks even
- $366,866
- Rent that breaks even
- $3,640/mo
Long run
- Year 30: property vs stocks
- $1.59M vs $746K
- Cash flow turns positive
- year 1
The deal
- Price
- $349,900
- Cash to close
- $97,972
- Price per unit
- $116,633
- GRM
- 7.8
Each month
- Cash flow
- −$233/mo
- Cash-on-cash
- −2.8%
- Cap rate
- 5.2%
- DSCR
- 0.87×
Break-even
- Price that breaks even
- $303,286
- Rent that breaks even
- $4,089/mo
Long run
- Year 30: property vs stocks
- $1.14M vs $791K
- Cash flow turns positive
- year 7
The deal
- Price
- $339,900
- Cash to close
- $95,172
- Price per unit
- $113,300
- GRM
- 7.6
Each month
- Cash flow
- $135/mo
- Cash-on-cash
- 1.7%
- Cap rate
- 6.5%
- DSCR
- 1.08×
Break-even
- Price that breaks even
- $366,866
- Rent that breaks even
- $3,575/mo
Long run
- Year 30: property vs stocks
- $1.62M vs $724K
- Cash flow turns positive
- year 1
The deal
- Price
- $339,900
- Cash to close
- $95,172
- Price per unit
- $113,300
- GRM
- 7.6
Each month
- Cash flow
- −$183/mo
- Cash-on-cash
- −2.3%
- Cap rate
- 5.3%
- DSCR
- 0.89×
Break-even
- Price that breaks even
- $303,286
- Rent that breaks even
- $4,017/mo
Long run
- Year 30: property vs stocks
- $1.15M vs $750K
- Cash flow turns positive
- year 6
Monthly
Monthly breakdown
| Rent | $3,750 |
| Vacancy (6%) | −$225 |
| Collected | $3,525 |
| Property tax Listing | −$397 |
| Insurance Estimate | −$345 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$300 |
| Capital reserve (9% of rent) | −$338 |
| Net operating income | $1,831 |
| Mortgage (principal + interest) | −$2,095 |
| PMI | −$197 |
| Cash flow | −$461 |
| Principal paid down (equity, not cash) | $267 |
| Rent | $3,750 |
| Vacancy (6%) | −$225 |
| Collected | $3,525 |
| Property tax Listing | −$397 |
| Insurance Estimate | −$345 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$300 |
| Capital reserve (9% of rent) | −$338 |
| Property management | −$317 |
| Net operating income | $1,513 |
| Mortgage (principal + interest) | −$2,095 |
| PMI | −$197 |
| Cash flow | −$779 |
| Principal paid down (equity, not cash) | $267 |
| Rent | $3,750 |
| Vacancy (6%) | −$225 |
| Collected | $3,525 |
| Property tax Listing | −$397 |
| Insurance Estimate | −$345 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$300 |
| Capital reserve (9% of rent) | −$338 |
| Net operating income | $1,831 |
| Mortgage (principal + interest) | −$2,035 |
| PMI | −$191 |
| Cash flow | −$396 |
| Principal paid down (equity, not cash) | $259 |
| Rent | $3,750 |
| Vacancy (6%) | −$225 |
| Collected | $3,525 |
| Property tax Listing | −$397 |
| Insurance Estimate | −$345 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$300 |
| Capital reserve (9% of rent) | −$338 |
| Property management | −$317 |
| Net operating income | $1,513 |
| Mortgage (principal + interest) | −$2,035 |
| PMI | −$191 |
| Cash flow | −$713 |
| Principal paid down (equity, not cash) | $259 |
| Rent | $3,750 |
| Vacancy (6%) | −$225 |
| Collected | $3,525 |
| Property tax Listing | −$397 |
| Insurance Estimate | −$345 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$300 |
| Capital reserve (9% of rent) | −$338 |
| Net operating income | $1,831 |
| Mortgage (principal + interest) | −$1,862 |
| Cash flow | −$32 |
| Principal paid down (equity, not cash) | $237 |
| Rent | $3,750 |
| Vacancy (6%) | −$225 |
| Collected | $3,525 |
| Property tax Listing | −$397 |
| Insurance Estimate | −$345 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$300 |
| Capital reserve (9% of rent) | −$338 |
| Property management | −$317 |
| Net operating income | $1,513 |
| Mortgage (principal + interest) | −$1,862 |
| Cash flow | −$349 |
| Principal paid down (equity, not cash) | $237 |
| Rent | $3,750 |
| Vacancy (6%) | −$225 |
| Collected | $3,525 |
| Property tax Listing | −$397 |
| Insurance Estimate | −$345 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$300 |
| Capital reserve (9% of rent) | −$338 |
| Net operating income | $1,831 |
| Mortgage (principal + interest) | −$1,809 |
| Cash flow | $21 |
| Principal paid down (equity, not cash) | $230 |
| Rent | $3,750 |
| Vacancy (6%) | −$225 |
| Collected | $3,525 |
| Property tax Listing | −$397 |
| Insurance Estimate | −$345 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$300 |
| Capital reserve (9% of rent) | −$338 |
| Property management | −$317 |
| Net operating income | $1,513 |
| Mortgage (principal + interest) | −$1,809 |
| Cash flow | −$296 |
| Principal paid down (equity, not cash) | $230 |
| Rent | $3,750 |
| Vacancy (6%) | −$225 |
| Collected | $3,525 |
| Property tax Listing | −$397 |
| Insurance Estimate | −$345 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$300 |
| Capital reserve (9% of rent) | −$338 |
| Net operating income | $1,831 |
| Mortgage (principal + interest) | −$1,746 |
| Cash flow | $85 |
| Principal paid down (equity, not cash) | $222 |
| Rent | $3,750 |
| Vacancy (6%) | −$225 |
| Collected | $3,525 |
| Property tax Listing | −$397 |
| Insurance Estimate | −$345 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$300 |
| Capital reserve (9% of rent) | −$338 |
| Property management | −$317 |
| Net operating income | $1,513 |
| Mortgage (principal + interest) | −$1,746 |
| Cash flow | −$233 |
| Principal paid down (equity, not cash) | $222 |
| Rent | $3,750 |
| Vacancy (6%) | −$225 |
| Collected | $3,525 |
| Property tax Listing | −$397 |
| Insurance Estimate | −$345 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$300 |
| Capital reserve (9% of rent) | −$338 |
| Net operating income | $1,831 |
| Mortgage (principal + interest) | −$1,696 |
| Cash flow | $135 |
| Principal paid down (equity, not cash) | $216 |
| Rent | $3,750 |
| Vacancy (6%) | −$225 |
| Collected | $3,525 |
| Property tax Listing | −$397 |
| Insurance Estimate | −$345 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$300 |
| Capital reserve (9% of rent) | −$338 |
| Property management | −$317 |
| Net operating income | $1,513 |
| Mortgage (principal + interest) | −$1,696 |
| Cash flow | −$183 |
| Principal paid down (equity, not cash) | $216 |
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
- $798,341
- Rental profits, invested at 7%
- $438,963
Sells for $849,299 (value up 3% a year), minus 6% selling cost ($50,958). Rent paid down $314,910 of loan.
$249,308 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $346,259
- Monthly shortfalls, invested
- $108,165
$45,487 put into an index fund instead of the down payment and closing costs.
$16,931 you'd have paid in while the building lost money, invested instead.
The building comes out $782,881 ahead after 30 years.
- Your equity when you sell
- $798,341
- Rental profits, invested at 7%
- $156,811
Sells for $849,299 (value up 3% a year), minus 6% selling cost ($50,958). Rent paid down $314,910 of loan.
$107,895 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $346,259
- Monthly shortfalls, invested
- $321,301
$45,487 put into an index fund instead of the down payment and closing costs.
$56,891 you'd have paid in while the building lost money, invested instead.
The building comes out $287,593 ahead after 30 years.
- Your equity when you sell
- $775,525
- Rental profits, invested at 7%
- $484,346
Sells for $825,027 (value up 3% a year), minus 6% selling cost ($49,502). Rent paid down $305,910 of loan.
$267,258 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $336,363
- Monthly shortfalls, invested
- $83,935
$44,187 put into an index fund instead of the down payment and closing costs.
$13,054 you'd have paid in while the building lost money, invested instead.
The building comes out $839,573 ahead after 30 years.
- Your equity when you sell
- $775,525
- Rental profits, invested at 7%
- $180,193
Sells for $825,027 (value up 3% a year), minus 6% selling cost ($49,502). Rent paid down $305,910 of loan.
$120,497 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $336,363
- Monthly shortfalls, invested
- $275,069
$44,187 put into an index fund instead of the down payment and closing costs.
$47,667 you'd have paid in while the building lost money, invested instead.
The building comes out $344,286 ahead after 30 years.
- Your equity when you sell
- $798,341
- Rental profits, invested at 7%
- $655,570
Sells for $849,299 (value up 3% a year), minus 6% selling cost ($50,958). Rent paid down $279,920 of loan.
$325,629 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $612,611
$80,477 put into an index fund instead of the down payment and closing costs.
The building comes out $841,300 ahead after 30 years.
- Your equity when you sell
- $798,341
- Rental profits, invested at 7%
- $263,755
Sells for $849,299 (value up 3% a year), minus 6% selling cost ($50,958). Rent paid down $279,920 of loan.
$161,519 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $612,611
- Monthly shortfalls, invested
- $103,472
$80,477 put into an index fund instead of the down payment and closing costs.
$17,263 you'd have paid in while the building lost money, invested instead.
The building comes out $346,012 ahead after 30 years.
- Your equity when you sell
- $775,525
- Rental profits, invested at 7%
- $715,901
Sells for $825,027 (value up 3% a year), minus 6% selling cost ($49,502). Rent paid down $271,920 of loan.
$344,790 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $595,103
$78,177 put into an index fund instead of the down payment and closing costs.
The building comes out $896,323 ahead after 30 years.
- Your equity when you sell
- $775,525
- Rental profits, invested at 7%
- $295,442
Sells for $825,027 (value up 3% a year), minus 6% selling cost ($49,502). Rent paid down $271,920 of loan.
$175,658 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $595,103
- Monthly shortfalls, invested
- $74,828
$78,177 put into an index fund instead of the down payment and closing costs.
$12,241 you'd have paid in while the building lost money, invested instead.
The building comes out $401,036 ahead after 30 years.
- Your equity when you sell
- $798,341
- Rental profits, invested at 7%
- $787,506
Sells for $849,299 (value up 3% a year), minus 6% selling cost ($50,958). Rent paid down $262,425 of loan.
$367,531 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $745,788
$97,972 put into an index fund instead of the down payment and closing costs.
The building comes out $840,060 ahead after 30 years.
- Your equity when you sell
- $798,341
- Rental profits, invested at 7%
- $337,306
Sells for $849,299 (value up 3% a year), minus 6% selling cost ($50,958). Rent paid down $262,425 of loan.
$193,379 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $745,788
- Monthly shortfalls, invested
- $45,087
$97,972 put into an index fund instead of the down payment and closing costs.
$7,221 you'd have paid in while the building lost money, invested instead.
The building comes out $344,772 ahead after 30 years.
- Your equity when you sell
- $775,525
- Rental profits, invested at 7%
- $844,067
Sells for $825,027 (value up 3% a year), minus 6% selling cost ($49,502). Rent paid down $254,925 of loan.
$385,495 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $724,474
$95,172 put into an index fund instead of the down payment and closing costs.
The building comes out $895,118 ahead after 30 years.
- Your equity when you sell
- $775,525
- Rental profits, invested at 7%
- $373,864
Sells for $825,027 (value up 3% a year), minus 6% selling cost ($49,502). Rent paid down $254,925 of loan.
$208,089 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $724,474
- Monthly shortfalls, invested
- $25,084
$95,172 put into an index fund instead of the down payment and closing costs.
$3,968 you'd have paid in while the building lost money, invested instead.
The building comes out $399,831 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 $1.24M, stocks $454K. The property wins.
Year 30 (loan paid off): property $955K, stocks $668K. The property wins.
Year 30 (loan paid off): property $1.26M, stocks $420K. The property wins.
Year 30 (loan paid off): property $956K, stocks $611K. The property wins.
Year 30 (loan paid off): property $1.45M, stocks $613K. The property wins.
Year 30 (loan paid off): property $1.06M, stocks $716K. The property wins.
Year 30 (loan paid off): property $1.49M, stocks $595K. The property wins.
Year 30 (loan paid off): property $1.07M, stocks $670K. The property wins.
Year 30 (loan paid off): property $1.59M, stocks $746K. The property wins.
Year 30 (loan paid off): property $1.14M, stocks $791K. The property wins.
Year 30 (loan paid off): property $1.62M, stocks $724K. The property wins.
Year 30 (loan paid off): property $1.15M, stocks $750K. The property wins.
Comparable rentals
The closest rental listings with each unit's bedroom count, as of 2026-10-06. The estimate is the median asking rent of every rental we found nearby (the count is shown for each); houses are left out. Asking rents from Realtor.com rental listings, not signed leases.
3 bed estimate $1,375/mo · range $1,225–$1,450 · 7 rentals within 1.5 mi
| Address | Rent | Bd / Ba | Distance |
|---|---|---|---|
| 1201-1205 1/2 E 2nd St, Duluth | $1,150 | 3 / 1 | 0.4 mi |
| 1829 Jefferson St Units 1831 & 2, Duluth | $1,375 | 3 / 1 | 0.5 mi |
| 918 922 E 5th St, Duluth | $1,400 | 3 / 1 | 0.5 mi |
| 110-114 N 6th Ave E, Duluth | $1,395 | 3 / 1 | 0.8 mi |
| 322-324 E 5th St, Duluth | $1,325 | 3 / 1 | 1.0 mi |
| 504 N 2nd Ave E, Duluth | $1,200 | 3 / 1 | 1.2 mi |
| 421 N 1st Ave W, Duluth | $1,200 | 3 / 1 | 1.5 mi |
2 bed estimate $1,225/mo · range $1,125–$1,400 · 9 rentals within 0.75 mi
| Address | Rent | Bd / Ba | Distance |
|---|---|---|---|
| 1631 E 4th St Apt 1, Duluth | $1,675 | 2 / 1 | 0.1 mi |
| 1301 E 3rd St, Duluth | $1,200 | 2 / 1 | 0.2 mi |
| 1711 E 1st St, Duluth | $1,295 | 2 / 1 | 0.3 mi |
| 1807 E 3rd St Apt 2, Duluth | $1,095 | 2 / 1 | 0.3 mi |
| 1807 E 3rd St Apt 9, Duluth | $1,195 | 2 / 1 | 0.3 mi |
| 1206 E 3rd St, Duluth | $1,000 | 2 / 1 | 0.3 mi |
| 207 S 17th Ave E Unit 2, Duluth | $1,400 | 2 / 1 | 0.4 mi |
| 918 922 E 5th St, Duluth | $1,300 | 2 / 1 | 0.5 mi |
| 320 S 19th Ave E Apt B, Duluth | $1,075 | 2 / 1 | 0.6 mi |
1 bed estimate $1,150/mo · range $1,075–$1,300 · 10 rentals within 0.75 mi
| Address | Rent | Bd / Ba | Distance |
|---|---|---|---|
| 1501 E 1st St, Duluth | $1,050 | 1 / 1 | 0.2 mi |
| 1321 E 1st St, Duluth | $1,335 | 1 / 1 | 0.2 mi |
| 1509 E Superior St, Duluth | $1,245 | 1 / 1 | 0.3 mi |
| 1807 E 3rd St Apt 18, Duluth | $1,095 | 1 / 1 | 0.3 mi |
| 1807 E 3rd St Apt 5, Duluth | $1,050 | 1 / 1 | 0.3 mi |
| 1431 E Superior St, Duluth | $1,050 | 1 / 1 | 0.3 mi |
| 1910 E 4th St Apt B, Duluth | $1,095 | 1 / 1 | 0.4 mi |
| 926 932 E 4th St, Duluth | $1,150 | 1 / 1 | 0.5 mi |
| 730 E 2nd St, Duluth | $1,200 | 1 / 1 | 0.7 mi |
| 715 E 6th St, Duluth | $1,350 | 1 / 1 | 0.7 mi |
On the maps, this property and comparable rentals. Comparable rentals and rent estimate: Realtor.com rental listings. Rents are asking rents from listings; check them against the actual leases.
Red flags and opportunities
Watch for
- highTwo of three units are vacant, so only one rent is proven. Asking rents of $1,600 and $1,200 are unverified. Listing says: Unit 3 is currently vacant and being marketed for rent at $1,200 per month · AI review
- highOwner pays utilities on at least two units. With a radiator/boiler building, heat could be a large cost, and no utility costs are given. Listing says: Unit 1 is currently vacant and being marketed for rent at $1,600 per month with the owner paying utilities · AI review
- mediumCouldn't match this address to a county parcel record, so taxes and unit count are unverified. Public record: County parcels: no match for 1511 4TH ST E
- mediumUnit 1 asking rent of $1,600 is well above our $1,300 mid estimate for a 2-bed, and it includes utilities. Based on: data: rent_estimate · AI review
- mediumPhotos show a wood exterior stair and deck structure that carry safety and maintenance risk. Based on: photo 1 · AI review
- lowListing says 'well-maintained', yet two units are empty. Ask why. Listing says: This well-maintained triplex offers an outstanding investment opportunity · AI review
Opportunities
- Long time on market: room to negotiate. Based on: Listing data: 27 days on market, 2 price cuts
- Vacant units can be delivered with fresh paint and set to market rent, or you could occupy one yourself. Listing says: offering an excellent opportunity to secure a new tenant at market rent or occupy the unit yourself · AI review
- Shared basement laundry behind a coded entrance is a useful amenity. Check whether it is coin-op for income. Listing says: shared access to a full basement with laundry facilities accessible through a secure coded exterior entrance · AI review
Questions for the agent
- Why are Units 1 and 3 vacant, and how long has each been empty? What did they last rent for?
- What are the trailing-12 utility bills, especially heat, for the units the owner pays?
- Is the rental license current for three units, and when is the next inspection?
- How are the building heated and metered? Number of boilers, water heaters, and electric meters?
- What are the real property taxes and any special assessments?
- What is the age and condition of the roof, the exterior stairs and the panel wiring?
Bottom line
One proven rent, two vacant units and owner-paid utilities make this a thin deal at asking; verify the numbers and negotiate. 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. | $4,766 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $4,137 |
| Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid | $255 |
| 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 1905: +1 pt capital reserve | 8% / 9% |
Price history Realtor.com
On the market since 2026-06-08 (119 days, relisted 1×); down $10,000 (2.8%) from the first ask of $359,900; last sold for $321,500 on 2023-01-25.
| Date | Event | Price |
|---|---|---|
| Price changed | $349,900 | |
| Listed | $359,900 | |
| Removed | — | |
| Removed | $369,900 | |
| Removed | $379,900 | |
| Listed | $359,900 | |
| Removed | — | |
| Listed | $369,900 | |
| Removed | — | |
| Listed | $379,900 | |
| Sold public record | $321,500 | |
| Sold | $321,500 | |
| Listed | $299,900 | |
| Sold | $185,000 | |
| Price changed | $185,000 | |
| Listed | $194,900 | |
| Sold public record | $157,500 | |
| Sold public record | $140,000 | |
| Sold public record | $120,000 | |
| Sold public record | $88,500 |
From the listing Listing
| Listed as | triplex |
| Property tax, 2026 | $4,766 |
| County | St. Louis County |
| Parcel number | 010-1480-08130 |
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.