MLS: #7028751, Listed By: Paul Docauer, RE/MAX Advantage Plus, Source:FargoMoorhead Area Association of REALTORS

Pending

722 E 3rd Street

Duluth, MN 55805

$265,000 $1,117/Mo

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Overview

Bed

Bath

2,259

Sqft

0.08

Acre(Lot)

Description

Discover the perfect blend of historic character and modern industrial design in this unique up-and-down duplex. Situated in a prime area for rentals in Duluth near hospitals, bus lines, and downtown, this property is an ideal addition to a portfolio or a perfect owner-occupy opportunity. Step into the lower unit a 1 bedroom, 1 bath completely reimagined main-level unit, where classic Duluth architecture meets a modern open-concept layout with a stunning industrial/unfinished aesthetic. Honestly with the exposed brick, industrial aesthetic, and the high ceilings it feels like it could be a New York City style artists loft. The upper-level unit offers a well-maintained, classic apartment layout that is both clean, spacious and freshly painted since purchase. Unit provides a comfortable livi ng environment and is currently occupied by a reliable tenant, ensuring immediate rental income for the new owner. While it retains its original charm, the space is move-in ready and serves as a perfect complement to the modern industrial main floor. Upper unit rents as a 2 bedroom, but unit has a 3rd bedroom currently being used as its laundry room complete with new washer/dryer. A new owner could move these machines to the basement (there are hookups) if a 3rd br is desired for a higher ROI. Both units can access the lower level walk-out through back hallway/stairway. Basement area has a tuck under parking space, loads of storage, a 1/2 bath, and possibly future potential to reimagine the space. The backyard space received a fresh update by removing some unneeded trees, (helped view from units, can now peek a boo Lake Superior) adding a new deck, fence, & new sod. Making this area a plus for tenants as a back yard space, or kept as a private yard for a owner occupant buyer. Whether you are a owner occupant looking for your 1st home/rental property, (live in one side, rent other) or a seasoned investor this property is worth the time it takes to go check out.

Property Details

Property Type : Residential Income

Price : $265,000

AD Id : 75748364

MLS Id : 7028751

Beds : 3

Lot Size : 0.08 Acre

Living Area Size : 2,259

Year Built : 1891

Garage : 1

County : Saint Louis

Subdivision: San Leon

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 3

Bathroom Information

Total Baths: 2

Room Information

Has Basement: Yes Basement: Full, Storage Space, Unfinished
Roofing Information

Flat, Rubber
Interior Features

Roof: Flat, Rubber Laundry Features: In Unit, Main Level, Other, Upper Level
Heating & Cooling

Has Heating: Yes Heating: Hot Water

Building Information

Year Built: 1891 Building Area Total: 3324 Stories: 2 Patio And Porch Features: Deck Private Pool: No

Lot Information

Lot Dimensions: 25X140 Main Square Feet: 0.08 Acres Lot Size Acres: 0.08 Lot Size Square Feet: 3484.8

Property Information

Subdivision: Portland Div Of Duluth Source Property Type: Residential Income Property SubType: Duplex Levels: Two Property Age: 135

Listing Price Information

Listing Price: $265000 Cash, Conventional, FHA

Tax Information

Parcel Number: 010383009810 Annual Tax: $2370

Parking Information

Other, Garage

Garage Information

Has Garage: Yes Garage Space: 1

Location Information

Direction: 35w to Lake Av (N) to Superior St (E) to 8th Av E (N) to E 3rd St (W) to home on left WaterSource: Public

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At $117.31 per sq.ft.,this listing is priced below average compared to other multifamily from Duluth.

The average multifamily price in Duluth is $498412.86 with avg. price / sq.ft of $2844.68.

The average multifamily price in Saint Louis County is $540257.14 with avg. price / sq.ft of $3659.00.

How much is this property worth?

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1211 E 1st Street, Duluth, MN, 55805	$399,000	5	3	2,592	2,592 SqFt
517 E 5th Street, Duluth, MN, 55805	$299,900	5	4	2,178	2,178 SqFt

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ByOwner last updated this listing 04/07/2026 @ 00:14

MLS: 7028751 LISTED BY: Paul Docauer, RE/MAX Advantage Plus 763-755-1100 SOURCE: FargoMoorhead Area Association of REALTORS