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  • $236,000

    2116 W 2nd St, Duluth, MN 55806

    4beds
    4,352sqft
    Multi Family
    Built in 1900
    -- sqft lot
    $239,500 Zestimate®
    $54/sqft
    $-- HOA

    What's special

    Knock knock! Opportunity knocks in the rare Investment opportunity with this unique Commercial & Multi-Family property in a thriving Duluth Market! Seize the rare and lucrative investment in the heart of Duluth's craft district. It's not often you can buy two buildings for the price of one that has a potential GRI of over $60,000! This would be a versatile addition to any investors portfolio. The two buildings are connected through a rock-solid adjoining basement that has a distinct vault room, tall ceilings and endless possibilities! The commercial building can provide immediate cash flow as it's occupied by a long-term tenant who'd love to stay! The heated garage was built in 1997, and the roofs were last redone in 2014 ensuring long-term durability. The triplex boiler is 10 years old (currently off/winterized) but feature mostly new boiler and plumbing lines, as well as much of the electrical has been updated and upgraded throughout!! The main level triplex 2 BR apartment (owner occupied) is nearly ready to be rented while you creatively design and complete the upper two units just waiting for your finishing. This property presents a tremendous opportunity for a savvy investor or entrepreneur looking to capitalize on Duluth's growing market!

    Zillow last checked: 7 hours ago

    Listing updated: March 07, 2025 at 01:48pm

    Listed by:

    Steve Braman 218-310-2590,

    RE/MAX Results

    Bought with:

    Gary Kalligher, MN 20158102|WI 56689-94

    RE/MAX Results

    Source: Lake Superior Area Realtors,MLS#: 6117616MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • Boiler, Natural Gas, Electric
    Appliances
    • Laundry: In Basement, Dryer Hook-Ups, Washer Hookup
    Features
    • Basement: Unfinished,Walk-Out Access,Shared Access,Owner Access,Storage Space,Apartment,Bath,Utility Room,Block,Full
    • Has fireplace: No
    Interior area
    • Total structure area: 900
    • Total interior livable area: 4,352 sqft
    • Finished area above ground: 4,352
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached
    • Attached garage spaces: 2
    Accessibility
    • Accessibility features: No Stairs External
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 0.25 Acres
    • Dimensions: 188 x 60
    Details
    • Parcel number: 010114000945

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Concrete Block, Stone, Other, Wood
    • Roof: Flat,Rubber
    Condition
    • Previously Owned
    • New construction: No
    • Year built: 1900

    Utilities & green energy

    • Electric: Minnesota Power
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable

    Community & neighborhood

    Location
    • Region: Duluth

    HOA & financial

    Other financial information
    • Total actual rent: 0

    Other

    Other facts
    • Listing terms: Cash,Conventional
    Services availability
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