Investor Opportunity Near UMD/Scholastica – Value-Add Duplex on 4th St! Prime location just minutes from University of Minnesota Duluth and The College of St. Scholastica, making this a strong rental demand area. This duplex offers immediate upside potential through rent increases and utility optimization. Upper Unit: 1 bedroom on main level + den/office + walk-up attic bedroom. Open living/dining area, full bath, and additional exterior storage access. Lower Unit: 3 bedrooms, full bath, separate living room and kitchen layout ideal for student or shared housing. License Number: LS-2-0067 Expires 7/1/2027 Income & Expenses: Current rents:$1100/mo Lower & $1200 Upper Electric paid by tenants $340/month total ($165 upper / $175 lower) 2026 Property Taxes: $3,292/year Utilities (owner paid): approx. $81 gas / $56 water / $64 sewer per month Separate electric meters already in place Mechanical/Additional Features: Natural gas furnace Coin-operated washer/dryer for added income potential Additional washer/dryer hookups Separate basement entrance Investment Highlights: High-demand rental corridor near colleges Clear path to increased cash flow with rent adjustments in 2027 Ability to restructure utility responsibilities to improve NOI Ideal for house-hack, student rental, or long-term hold Current tenants pay electric only there are 2 meters $165/mo & $175/mo avg. Comfort Systems Consumption report available Showings: Upper Tenant prefers showings after 4pm. Lower Level is resistant to showings-decor and condition is similar to upper unit but in earth tone colors. Basement is available. Street Parking only for this property Garbage is picked up in the back alley crossing the back neighbors driveway Side Door is to the basement- utilities and Coin Laundry Excellent opportunity to reposition and maximize returns in a proven rental location.
Listing courtesy of Tracey Tellor, Tellor Realty LLC
