201 E Mccuen St
Triplex · 3 units: 2 bed / 1 bath and 1 bed / 1 bath ×2 · 2,288 sq ft
Duluth, MN · View the listing ↗
Photos courtesy of RE/MAX Results, via Realtor.com.
- Asking price
- $259,000 3 units · $86K per unit
- Monthly cash flow
- $195 at 20% down, 7%
- Estimated rent
- $3,225/mo high confidence
- Break-even price
- $295,696 where cash flow hits $0
First look
This is a 1914 triplex in New Duluth at $259K, and the description is thin: no rents, no unit mix, no utilities, no systems. Our model shows about $195/mo cash flow at asking with a 7.3% cap, but it leans on a 2-bed at $1,225 and two 1-beds where the facts show $650 actual for the two 1-beds. The photos show dated wood paneling, drop ceilings, old kitchens and bathrooms, so expect a real rehab budget before rents move toward market. Taxes and unit count are unverified because no county parcel matched. First step: get the rent roll, leases, and the city rental license for three units, then look at the heat, electrical and the basement before a showing is worth your time.
Things to consider
- Rents and expenses are unknown The cash flow estimate rests on our rent model and assumed costs. Real rents may be well below, as the $650 actuals suggest.
- Interiors need work before rents can reach market Dated paneling, kitchens and baths mean a rehab budget and turnover time before the estimated rent gap is achievable.From photo 5
- Unverified unit count and license If it isn't a legal licensed triplex, value, financing and insurance all suffer.Listing says: “This fully licensed triplex”
- Rents are below market Upside exists, but only at turnover and after updates; don't underwrite market rents on day one.
- Unknown systems Heat, wiring and plumbing in a 1914 building can be costly surprises, and none are shown.
From the photos
Based on 10 of the listing photos. Photos can hide as much as they show; an inspection is the real answer.
Condition and repairs
- doneNewer roof (age not given)Listing says: vinyl siding along with a spacious front porch and newer roof
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
- $259,000
- Cash to close
- $33,670
- Price per unit
- $86,333
- GRM
- 6.7
Each month
- Cash flow
- −$123/mo
- Cash-on-cash
- −4.4%
- Cap rate
- 7.3%
- DSCR
- 0.93×
Break-even
- Price that breaks even
- $240,269
- Rent that breaks even
- $3,384/mo
Long run
- Year 30: property vs stocks
- $1.17M vs $322K
- Cash flow turns positive
- year 4
The deal
- Price
- $259,000
- Cash to close
- $33,670
- Price per unit
- $86,333
- GRM
- 6.7
Each month
- Cash flow
- −$396/mo
- Cash-on-cash
- −14.1%
- Cap rate
- 6.0%
- DSCR
- 0.77×
Break-even
- Price that breaks even
- $198,616
- Rent that breaks even
- $3,802/mo
Long run
- Year 30: property vs stocks
- $848K vs $417K
- Cash flow turns positive
- year 8
The deal
- Price
- $249,000
- Cash to close
- $32,370
- Price per unit
- $83,000
- GRM
- 6.4
Each month
- Cash flow
- −$57/mo
- Cash-on-cash
- −2.1%
- Cap rate
- 7.6%
- DSCR
- 0.96×
Break-even
- Price that breaks even
- $240,269
- Rent that breaks even
- $3,299/mo
Long run
- Year 30: property vs stocks
- $1.21M vs $298K
- Cash flow turns positive
- year 3
The deal
- Price
- $249,000
- Cash to close
- $32,370
- Price per unit
- $83,000
- GRM
- 6.4
Each month
- Cash flow
- −$330/mo
- Cash-on-cash
- −12.2%
- Cap rate
- 6.3%
- DSCR
- 0.80×
Break-even
- Price that breaks even
- $198,616
- Rent that breaks even
- $3,707/mo
Long run
- Year 30: property vs stocks
- $865K vs $378K
- Cash flow turns positive
- year 7
The deal
- Price
- $259,000
- Cash to close
- $59,570
- Price per unit
- $86,333
- GRM
- 6.7
Each month
- Cash flow
- $195/mo
- Cash-on-cash
- 3.9%
- Cap rate
- 7.3%
- DSCR
- 1.14×
Break-even
- Price that breaks even
- $295,696
- Rent that breaks even
- $2,971/mo
Long run
- Year 30: property vs stocks
- $1.38M vs $483K
- Cash flow turns positive
- year 2
The deal
- Price
- $259,000
- Cash to close
- $59,570
- Price per unit
- $86,333
- GRM
- 6.7
Each month
- Cash flow
- −$78/mo
- Cash-on-cash
- −1.6%
- Cap rate
- 6.0%
- DSCR
- 0.94×
Break-even
- Price that breaks even
- $244,434
- Rent that breaks even
- $3,338/mo
Long run
- Year 30: property vs stocks
- $979K vs $505K
- Cash flow turns positive
- year 4
The deal
- Price
- $249,000
- Cash to close
- $57,270
- Price per unit
- $83,000
- GRM
- 6.4
Each month
- Cash flow
- $249/mo
- Cash-on-cash
- 5.2%
- Cap rate
- 7.6%
- DSCR
- 1.19×
Break-even
- Price that breaks even
- $295,696
- Rent that breaks even
- $2,902/mo
Long run
- Year 30: property vs stocks
- $1.41M vs $461K
- Cash flow turns positive
- year 2
The deal
- Price
- $249,000
- Cash to close
- $57,270
- Price per unit
- $83,000
- GRM
- 6.4
Each month
- Cash flow
- −$24/mo
- Cash-on-cash
- −0.5%
- Cap rate
- 6.3%
- DSCR
- 0.98×
Break-even
- Price that breaks even
- $244,434
- Rent that breaks even
- $3,260/mo
Long run
- Year 30: property vs stocks
- $1.01M vs $479K
- Cash flow turns positive
- year 2
The deal
- Price
- $259,000
- Cash to close
- $72,520
- Price per unit
- $86,333
- GRM
- 6.7
Each month
- Cash flow
- $281/mo
- Cash-on-cash
- 4.7%
- Cap rate
- 7.3%
- DSCR
- 1.22×
Break-even
- Price that breaks even
- $315,409
- Rent that breaks even
- $2,859/mo
Long run
- Year 30: property vs stocks
- $1.47M vs $574K
- Cash flow turns positive
- year 2
The deal
- Price
- $259,000
- Cash to close
- $72,520
- Price per unit
- $86,333
- GRM
- 6.7
Each month
- Cash flow
- $9/mo
- Cash-on-cash
- 0.1%
- Cap rate
- 6.0%
- DSCR
- 1.01×
Break-even
- Price that breaks even
- $260,730
- Rent that breaks even
- $3,212/mo
Long run
- Year 30: property vs stocks
- $1.07M vs $592K
- Cash flow turns positive
- year 2
The deal
- Price
- $249,000
- Cash to close
- $69,720
- Price per unit
- $83,000
- GRM
- 6.4
Each month
- Cash flow
- $331/mo
- Cash-on-cash
- 5.7%
- Cap rate
- 7.6%
- DSCR
- 1.27×
Break-even
- Price that breaks even
- $315,409
- Rent that breaks even
- $2,795/mo
Long run
- Year 30: property vs stocks
- $1.50M vs $548K
- Cash flow turns positive
- year 2
The deal
- Price
- $249,000
- Cash to close
- $69,720
- Price per unit
- $83,000
- GRM
- 6.4
Each month
- Cash flow
- $59/mo
- Cash-on-cash
- 1.0%
- Cap rate
- 6.3%
- DSCR
- 1.05×
Break-even
- Price that breaks even
- $260,730
- Rent that breaks even
- $3,140/mo
Long run
- Year 30: property vs stocks
- $1.09M vs $567K
- Cash flow turns positive
- year 2
Monthly
Monthly breakdown
| Rent | $3,225 |
| Vacancy (6%) | −$194 |
| Collected | $3,032 |
| Property tax Listing | −$294 |
| Insurance Estimate | −$300 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$258 |
| Capital reserve (9% of rent) | −$290 |
| Net operating income | $1,574 |
| Mortgage (principal + interest) | −$1,551 |
| PMI | −$146 |
| Cash flow | −$123 |
| Principal paid down (equity, not cash) | $197 |
| Rent | $3,225 |
| Vacancy (6%) | −$194 |
| Collected | $3,032 |
| Property tax Listing | −$294 |
| Insurance Estimate | −$300 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$258 |
| Capital reserve (9% of rent) | −$290 |
| Property management | −$273 |
| Net operating income | $1,301 |
| Mortgage (principal + interest) | −$1,551 |
| PMI | −$146 |
| Cash flow | −$396 |
| Principal paid down (equity, not cash) | $197 |
| Rent | $3,225 |
| Vacancy (6%) | −$194 |
| Collected | $3,032 |
| Property tax Listing | −$294 |
| Insurance Estimate | −$300 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$258 |
| Capital reserve (9% of rent) | −$290 |
| Net operating income | $1,574 |
| Mortgage (principal + interest) | −$1,491 |
| PMI | −$140 |
| Cash flow | −$57 |
| Principal paid down (equity, not cash) | $190 |
| Rent | $3,225 |
| Vacancy (6%) | −$194 |
| Collected | $3,032 |
| Property tax Listing | −$294 |
| Insurance Estimate | −$300 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$258 |
| Capital reserve (9% of rent) | −$290 |
| Property management | −$273 |
| Net operating income | $1,301 |
| Mortgage (principal + interest) | −$1,491 |
| PMI | −$140 |
| Cash flow | −$330 |
| Principal paid down (equity, not cash) | $190 |
| Rent | $3,225 |
| Vacancy (6%) | −$194 |
| Collected | $3,032 |
| Property tax Listing | −$294 |
| Insurance Estimate | −$300 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$258 |
| Capital reserve (9% of rent) | −$290 |
| Net operating income | $1,574 |
| Mortgage (principal + interest) | −$1,379 |
| Cash flow | $195 |
| Principal paid down (equity, not cash) | $175 |
| Rent | $3,225 |
| Vacancy (6%) | −$194 |
| Collected | $3,032 |
| Property tax Listing | −$294 |
| Insurance Estimate | −$300 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$258 |
| Capital reserve (9% of rent) | −$290 |
| Property management | −$273 |
| Net operating income | $1,301 |
| Mortgage (principal + interest) | −$1,379 |
| Cash flow | −$78 |
| Principal paid down (equity, not cash) | $175 |
| Rent | $3,225 |
| Vacancy (6%) | −$194 |
| Collected | $3,032 |
| Property tax Listing | −$294 |
| Insurance Estimate | −$300 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$258 |
| Capital reserve (9% of rent) | −$290 |
| Net operating income | $1,574 |
| Mortgage (principal + interest) | −$1,325 |
| Cash flow | $249 |
| Principal paid down (equity, not cash) | $169 |
| Rent | $3,225 |
| Vacancy (6%) | −$194 |
| Collected | $3,032 |
| Property tax Listing | −$294 |
| Insurance Estimate | −$300 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$258 |
| Capital reserve (9% of rent) | −$290 |
| Property management | −$273 |
| Net operating income | $1,301 |
| Mortgage (principal + interest) | −$1,325 |
| Cash flow | −$24 |
| Principal paid down (equity, not cash) | $169 |
| Rent | $3,225 |
| Vacancy (6%) | −$194 |
| Collected | $3,032 |
| Property tax Listing | −$294 |
| Insurance Estimate | −$300 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$258 |
| Capital reserve (9% of rent) | −$290 |
| Net operating income | $1,574 |
| Mortgage (principal + interest) | −$1,292 |
| Cash flow | $281 |
| Principal paid down (equity, not cash) | $164 |
| Rent | $3,225 |
| Vacancy (6%) | −$194 |
| Collected | $3,032 |
| Property tax Listing | −$294 |
| Insurance Estimate | −$300 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$258 |
| Capital reserve (9% of rent) | −$290 |
| Property management | −$273 |
| Net operating income | $1,301 |
| Mortgage (principal + interest) | −$1,292 |
| Cash flow | $9 |
| Principal paid down (equity, not cash) | $164 |
| Rent | $3,225 |
| Vacancy (6%) | −$194 |
| Collected | $3,032 |
| Property tax Listing | −$294 |
| Insurance Estimate | −$300 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$258 |
| Capital reserve (9% of rent) | −$290 |
| Net operating income | $1,574 |
| Mortgage (principal + interest) | −$1,242 |
| Cash flow | $331 |
| Principal paid down (equity, not cash) | $158 |
| Rent | $3,225 |
| Vacancy (6%) | −$194 |
| Collected | $3,032 |
| Property tax Listing | −$294 |
| Insurance Estimate | −$300 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$258 |
| Capital reserve (9% of rent) | −$290 |
| Property management | −$273 |
| Net operating income | $1,301 |
| Mortgage (principal + interest) | −$1,242 |
| Cash flow | $59 |
| Principal paid down (equity, not cash) | $158 |
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
- $590,941
- Rental profits, invested at 7%
- $580,903
Sells for $628,661 (value up 3% a year), minus 6% selling cost ($37,720). Rent paid down $233,100 of loan.
$291,910 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $256,305
- Monthly shortfalls, invested
- $65,576
$33,670 put into an index fund instead of the down payment and closing costs.
$9,335 you'd have paid in while the building lost money, invested instead.
The building comes out $849,963 ahead after 30 years.
- Your equity when you sell
- $590,941
- Rental profits, invested at 7%
- $256,756
Sells for $628,661 (value up 3% a year), minus 6% selling cost ($37,720). Rent paid down $233,100 of loan.
$152,194 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $256,305
- Monthly shortfalls, invested
- $160,768
$33,670 put into an index fund instead of the down payment and closing costs.
$24,671 you'd have paid in while the building lost money, invested instead.
The building comes out $430,625 ahead after 30 years.
- Your equity when you sell
- $568,125
- Rental profits, invested at 7%
- $636,996
Sells for $604,388 (value up 3% a year), minus 6% selling cost ($36,263). Rent paid down $224,100 of loan.
$311,729 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $246,409
- Monthly shortfalls, invested
- $52,056
$32,370 put into an index fund instead of the down payment and closing costs.
$7,329 you'd have paid in while the building lost money, invested instead.
The building comes out $906,656 ahead after 30 years.
- Your equity when you sell
- $568,125
- Rental profits, invested at 7%
- $296,886
Sells for $604,388 (value up 3% a year), minus 6% selling cost ($36,263). Rent paid down $224,100 of loan.
$169,085 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $246,409
- Monthly shortfalls, invested
- $131,284
$32,370 put into an index fund instead of the down payment and closing costs.
$19,737 you'd have paid in while the building lost money, invested instead.
The building comes out $487,318 ahead after 30 years.
- Your equity when you sell
- $590,941
- Rental profits, invested at 7%
- $785,068
Sells for $628,661 (value up 3% a year), minus 6% selling cost ($37,720). Rent paid down $207,200 of loan.
$355,725 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $453,462
- Monthly shortfalls, invested
- $29,341
$59,570 put into an index fund instead of the down payment and closing costs.
$4,124 you'd have paid in while the building lost money, invested instead.
The building comes out $893,206 ahead after 30 years.
- Your equity when you sell
- $590,941
- Rental profits, invested at 7%
- $387,973
Sells for $628,661 (value up 3% a year), minus 6% selling cost ($37,720). Rent paid down $207,200 of loan.
$203,845 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $453,462
- Monthly shortfalls, invested
- $51,585
$59,570 put into an index fund instead of the down payment and closing costs.
$7,296 you'd have paid in while the building lost money, invested instead.
The building comes out $473,867 ahead after 30 years.
- Your equity when you sell
- $568,125
- Rental profits, invested at 7%
- $840,855
Sells for $604,388 (value up 3% a year), minus 6% selling cost ($36,263). Rent paid down $199,200 of loan.
$374,247 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $435,954
- Monthly shortfalls, invested
- $24,797
$57,270 put into an index fund instead of the down payment and closing costs.
$3,486 you'd have paid in while the building lost money, invested instead.
The building comes out $948,229 ahead after 30 years.
- Your equity when you sell
- $568,125
- Rental profits, invested at 7%
- $439,753
Sells for $604,388 (value up 3% a year), minus 6% selling cost ($36,263). Rent paid down $199,200 of loan.
$221,758 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $435,954
- Monthly shortfalls, invested
- $43,034
$57,270 put into an index fund instead of the down payment and closing costs.
$6,049 you'd have paid in while the building lost money, invested instead.
The building comes out $528,890 ahead after 30 years.
- Your equity when you sell
- $590,941
- Rental profits, invested at 7%
- $875,374
Sells for $628,661 (value up 3% a year), minus 6% selling cost ($37,720). Rent paid down $194,250 of loan.
$385,708 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $552,041
- Monthly shortfalls, invested
- $21,986
$72,520 put into an index fund instead of the down payment and closing costs.
$3,090 you'd have paid in while the building lost money, invested instead.
The building comes out $892,288 ahead after 30 years.
- Your equity when you sell
- $590,941
- Rental profits, invested at 7%
- $474,272
Sells for $628,661 (value up 3% a year), minus 6% selling cost ($37,720). Rent paid down $194,250 of loan.
$233,219 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $552,041
- Monthly shortfalls, invested
- $40,222
$72,520 put into an index fund instead of the down payment and closing costs.
$5,654 you'd have paid in while the building lost money, invested instead.
The building comes out $472,950 ahead after 30 years.
- Your equity when you sell
- $568,125
- Rental profits, invested at 7%
- $927,674
Sells for $604,388 (value up 3% a year), minus 6% selling cost ($36,263). Rent paid down $186,750 of loan.
$403,072 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $530,726
- Monthly shortfalls, invested
- $17,726
$69,720 put into an index fund instead of the down payment and closing costs.
$2,492 you'd have paid in while the building lost money, invested instead.
The building comes out $947,346 ahead after 30 years.
- Your equity when you sell
- $568,125
- Rental profits, invested at 7%
- $526,572
Sells for $604,388 (value up 3% a year), minus 6% selling cost ($36,263). Rent paid down $186,750 of loan.
$250,583 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $530,726
- Monthly shortfalls, invested
- $35,963
$69,720 put into an index fund instead of the down payment and closing costs.
$5,055 you'd have paid in while the building lost money, invested instead.
The building comes out $528,008 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 $1.17M, stocks $322K. The property wins.
Year 30 (loan paid off): property $848K, stocks $417K. The property wins.
Year 30 (loan paid off): property $1.21M, stocks $298K. The property wins.
Year 30 (loan paid off): property $865K, stocks $378K. The property wins.
Year 30 (loan paid off): property $1.38M, stocks $483K. The property wins.
Year 30 (loan paid off): property $979K, stocks $505K. The property wins.
Year 30 (loan paid off): property $1.41M, stocks $461K. The property wins.
Year 30 (loan paid off): property $1.01M, stocks $479K. The property wins.
Year 30 (loan paid off): property $1.47M, stocks $574K. The property wins.
Year 30 (loan paid off): property $1.07M, stocks $592K. The property wins.
Year 30 (loan paid off): property $1.50M, stocks $548K. The property wins.
Year 30 (loan paid off): property $1.09M, stocks $567K. The property wins.
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 $1,225/mo · range $1,150–$1,300
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 954 N 89th Ave, Unit 102, Duluth 55808 | $1,300 | 2 / 1 | 2.5 mi | 90% |
| 954 89th Ave W, Apt 102, Duluth 55808 off market | $1,300 | 2 / 1 | 2.5 mi | 90% |
| 954 N 89th Ave, Unit 104, Duluth 55808 | $1,200 | 2 / 1 | 2.5 mi | 90% |
| 983-985 87th Ave W, Duluth 55808 off market | $1,250 | 2 / 1 | 2.5 mi | 90% |
| 930 N 89th Ave, Unit 202, Duluth 55808 off market | $1,250 | 2 / 1 | 2.5 mi | 90% |
| 954 N 89th Ave, Unit 103, Duluth 55808 off market | $1,100 | 2 / 1 | 2.5 mi | 90% |
| 954 N 89th Ave, Unit 204, Duluth 55808 off market | $1,100 | 2 / 1 | 2.5 mi | 90% |
| 930 89th Ave W, Apt B2, Duluth 55808 off market | $1,100 | 2 / 1 | 2.5 mi | 90% |
| 603 S 71st Ave W, Unit 2, Duluth 55807 off market | $1,295 | 2 / 1 | 5.0 mi | 88% |
| 6 S 61st Ave W, Apt 1, Duluth 55807 off market | $1,200 | 2 / 1 | 5.7 mi | 85% |
1 bed / 1 bath estimate $1,000/mo · range $875–$1,125
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 942 N 89th Ave, Unit 102, Duluth 55808 off market | $1,100 | 1 / 1 | 2.5 mi | 90% |
| 942 N 89th Ave, Unit 101, Duluth 55808 off market | $1,100 | 1 / 1 | 2.5 mi | 90% |
| 1 N 2nd Ave, Proctor 55810 off market | $1,200 | 1 / 1 | 5.8 mi | 85% |
| 815 N 1st Ave N, Unit 2, Proctor 55810 off market | $965 | 1 / 1 | 6.4 mi | 84% |
| 4813 W 5th St, Duluth 55807 off market | $900 | 1 / 1 | 6.7 mi | 84% |
| 1819 N 21st St, Unit 7, Superior, WI 54880 off market | $1,000 | 1 / 1 | 6.8 mi | 84% |
| 1819 N 21st St, Apt C, Superior, WI 54880 off market | $1,100 | 1 / 1 | 6.8 mi | 84% |
| 1701-1703 N 22nd St, Superior, WI 54880 | $950 | 1 / 1 | 6.9 mi | 84% |
| 2102 Ogden Ave Apt A, Superior, WI 54880 off market | $920 | 1 / 1 | 6.9 mi | 83% |
| 1808 Tower Ave Apt A, Superior, WI 54880 | $700 | 1 / 1 | 7.0 mi | 83% |
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
- highDescription gives no rents, leases, utilities or heat type, so income and expenses can't be checked Listing says: generates reliable rental income · 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 201 MCCUEN ST E
- mediumTriplex status and taxes are unverified; no county parcel match Based on: data: rule_flags · AI review
- mediumInteriors look original and dated: wood paneling, drop ceilings, old cabinets and tile Based on: photo 5 · AI review
- lowOn market 47 days with no stated rent roll; the 'licensed' claim needs proof Listing says: This fully licensed triplex · AI review
Opportunities
- Current rents are below market. Rents can reset to market at renewal. Based on: Listing rents vs. our market estimate: Unit 2: 1 bed / 1 bath $650 vs $1,000, Unit 3: 1 bed / 1 bath $650 vs $1,000
- Estimated market rents sit well above the $650 actuals on the two 1-beds, if units can be updated and rents reset Based on: data: rent_estimate · AI review
- No rent cap in Duluth, so rents can follow the market after turnover Based on: data: underwriting.rent_rule · AI review
Questions for the agent
- Can I see the rent roll, leases and 12 months of expenses?
- Who pays heat, water, and electric, and is there one boiler or separate systems?
- Is the city rental license for three units, and when does it expire?
- How old is the roof, and what are the electrical panel type and amperage?
- What are the annual property taxes and any special assessments?
- Are all three units legal with egress, and what is the unit layout?
Bottom line
Reasonable price for a Duluth triplex on paper, but the listing hides the rents and expenses and the interiors look dated, so verify everything before you count on that $195 a month. AI-assisted summary
What the records say
Where each number comes from
| Property tax / yr Listinglisting, tax year 2025. 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. | $3,534 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $3,599 |
| 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 1914: +1 pt capital reserve | 8% / 9% |
Price history Realtor.com
On the market since 2026-08-19 (47 days); last sold for $67,500 on 2011-02-28.
| Date | Event | Price |
|---|---|---|
| Listed | $259,000 | |
| Removed | — | |
| Price changed | $285,000 | |
| Listed | $299,000 | |
| Sold | $67,500 | |
| Price changed | $79,900 | |
| Price changed | $79,900 | |
| Listed | $89,000 | |
| Removed | $115,900 | |
| Listed | $115,900 |
From the listing Listing
| Listed as | triplex |
| Property tax, 2025 | $3,534 |
| County | St. Louis County |
| Parcel number | 010-3430-01940 |
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.