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Listed price in listed location currency (USD).
$275,000

531

MLS® 6123758

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 2920 sqft
Garage Yes
Taxes $2,155
Days Active 56
Lot Size 
Approx. Age 1900
Avg. Price Per Sqft $94
MLS® Number 6123758

Property Address: 2502 W 3rd St, Duluth, MN, 55806-1839

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number6123758
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1900
BasementCrawl Space
DrivewayOn Street, None
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 25, 2026List Date
$275,000List Price
  • Commute

Commute

Starting Address
Destination Address
2502 W 3Rd St, Duluth, MN

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