2502 W 3rd St Duluth, MN 55806

$250,000
Active
estimated monthly payment
5 Beds  |  3 Baths  |  2,920 Sq Ft  |  Other  |  MLS # 6123758
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About The Listing

Investor Opportunity with Built-In Upside! Situated on a corner lot directly across from the park, this value-add property offers the potential for three income streams in one strategic location. The unfinished duplex has already been taken down to the studs with demo complete, creating a true blank slate for your vision. Layout plans are available in the photos and supplements, allowing you to move forward with a clear path to completion. Next door sits an occupied single-family rental providing immediate income while you finish the duplex. Once completed, the property has the potential to generate revenue from two duplex units plus the existing single-family home. The newly completed 20th Street bridge enhances accessibility and connectivity, making this location even more desirable for tenants and future occupants. In addition, the property is zoned Mixed-Use, opening the door to expanded possibilities beyond traditional residential rentals—whether that’s office, retail, live/work, or other income-producing concepts (buyer to verify intended use). Ideal for investors, contractors, or entrepreneurs looking to build equity and long-term cash flow in a thriving community. Strong fundamentals, prime positioning, and significant upside for the right buyer.


Listing courtesy of Steve Braman, RE/MAX Results
Purchase Price
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Property Details

Features

 
 
 
Property Type: Multi Family
Status: Active
Year Built: 1900
MLS #: 6123758
Bedrooms: 5
Square Feet: 2,920
Price Per Square Foot: $86
Garage Spaces: 1
Parking Description: Attached
Sewer Description: City
Water: City
Heat Type: Natural Gas
Construction Description: Frame/Wood
Roof Description: Asphalt Shingles,Rubber
Days On Market (Continuous): 83
Latest Update: 05/19/2026
List Date: 02/24/2026
Listing Agent ID: 993
Listing Office: RE/MAX Results
Listing Office ID: 31542
Data Source: LSAR - Lake Superior Area REALTORS
Lot Dimensions: 70 x 50
Lot Size: 0.08 Acres
Lot Features: Corner Lot,Pub. Trans (w/in 6 blks)
School District: Duluth
Tax Year: 2025
Estimated Taxes: $2,155
City: Duluth
Zip: 55806
Area: LSAR
County: St. Louis County
State: MN
Listing last updated: 05/19/26

The information published and disseminated by the service is communicated verbatim, without change by the service, as filed with the service by the participant. The service does not verify such information provided and disclaims any responsibility for its accuracy. Each participant agrees to hold the service harmless against any liability arising from any inaccuracy or inadequacy of the information such participant provides.