2116 W 2nd Street
Duluth, MN 55806
- – beds
- – baths
- 4,352 sqft
- $54 per sqft
- 1900 build
- – on site
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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!
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Last updated Mar 14, 2025
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MLS# 6652665 —
The Building
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Year Built:1900
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New Construction:false
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Age Of Property:125
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Construction Materials:Other, Wood Siding
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Construction Materials Desc:Block,Stone
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Roof:Flat, Rubber
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Accessibility Features:No Stairs External
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Levels:Two
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Basement:Block, Full
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Basement:true
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Foundation Area:4352
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Building Area Total:4352
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Above Grade Finished Area:4352
Room Dimensions
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Living Area:4352
Location
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Directions:From Hwy 35 to N 27th Ave W, Right on W Skyline Pkwy, Left on N 26 Ave W, Right on W 16th St, Property on right.
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Latitude:46.767685
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Longitude:-92.12697
The Property
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Parcel Number:010114000945
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Property Type:Residential Income
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Property Subtype:Triplex
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Additional Parcels:false
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Lot Size Area:0.23
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Lot Size Dimensions:188x60
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Lot Size Units:Acres
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Water Source:City Water/Connected
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (218) 310-2590
- Office phone:
- (218) 722-2810
Taxes
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Tax Year:2024
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Tax Annual Amount:3735
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Tax With Assessments:3760.0000
The Listing
Heating & Cooling
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Heating:Boiler, Other
Utilities
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Sewer:City Sewer/Connected
Schools
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High School District:Duluth
The Community
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Subdivision Name:Duluth Proper Second Div
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Assessment Pending:Yes
Parking
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Garage Spaces:2
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Garage SqFt:480
Extra Units
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# of Units Total:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/7/25
Mar 7, 2025
|
Sold | NORTHSTAR | $236,000 | 0.4% |
1/30/25
Jan 30, 2025
|
Pending | NORTHSTAR | $235,000 | |
1/28/25
Jan 28, 2025
|
Listed / Active | NORTHSTAR | $235,000 |