421 N 18th Ave E
Duluth, MN 55812
- 1 bed
- 1 bath
- 2,276 sqft
- 3,920 sqft lot
- $138 per sqft
- 1911 build
- – on site
An excellent investment opportunity in the heart of East Duluth and near the colleges, this fully licensed triplex offers strong rental income, modern updates, and stunning Lake Superior views from the top unit. The property features vinyl siding, one off-street parking spot with the potential to add another, and coin-operated laundry for added convenience. Recent improvements include a new natural gas boiler (2022) and an updated sewer line (2013), along with various upgrades over the years, such as windows, electrical panels, and plumbing. Unit 1 is a spacious one-bedroom, one full bath unit leased at $1,099 per month until May 29, 2026. Unit 2 is a large one-bedroom with an office or potential second bedroom and one full bath, leased at $1,099 per month until May 31, 2025. Unit 3 is a one-bedroom, three-quarter bath unit featuring a large deck with breathtaking Lake Superior views both inside and out, leased at $895 per month until May 29, 2026, with an increase to $935 per month starting June 1, 2025. Tenants pay all utilities except for the house electrical meter, which costs the landlord approximately $50 per month, and 1/5 of the gas, water, sewer, and storm bill, which runs about $63 per month. Utility responsibility breakdown, the landlord initially pays the Comfort Systems bill (which includes water, sewer, gas, and storm water) and the trash bill, then bills tenants using the RUBS (Ratio Utility Billing System). The Comfort Systems bill is divided into 1/5 increments, with Unit 1 responsible for 1/5, Unit 2 for 2/5, Unit 3 for 1/5, and the landlord covering 1/5. The trash bill is divided into 1/4 increments, with Unit 1 covering 1/4, Unit 2 covering 2/4, and Unit 3 covering 1/4. Each unit has its own separate electric meter, ensuring tenants are billed individually for electricity. This triplex is perfect for investors seeking reliable income or an owner-occupant looking for a property with rental potential.
Last checked:
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Last updated Mar 24, 2025
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MLS# 6118308 —
The Building
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Construction Status:Previously Owned
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Construction Type:Frame/Wood
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Stories:2.25-2.75
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Exterior:Vinyl
Interior
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Laundry:Coin Operated Owned
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Basement Style:Full
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Basement Material:Concrete Block
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# of Overhead Doors:3
Financial & Terms
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Potential Short Sale:no
Location
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Latitude:46.807122
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Longitude:-92.081104
The Property
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Property Style:Up & Down
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Subtype:Triplex
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0.09Acres:
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Classification:NonHomestead
Listing Agent
- Contact info:
- Agent phone:
- (218) 349-6455
Beds
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Total Bedrooms:3
Heating & Cooling
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Heat:Boiler, Natural Gas
Utilities
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Sewer:City
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Water:City
Schools
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School District:Duluth #709
Parking
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Garage Type:None
Extra Units
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# of Units:3
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Unit 1:#1
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Unit 1 SqFt:966 Sqft
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Unit 2:#2
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Unit 2 SqFt:966 Sqft
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Unit 2 Total Bedrooms:1
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Unit 2 Total Baths:1
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Unit 2 Full Baths:1
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Unit 3:#3
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Unit 3 SqFt:500
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Unit 3 Total Bedrooms:1
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Unit 3 Total Baths:1
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Unit 3 Three Quarter Baths:1
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 |
|---|---|---|---|---|
|
3/22/25
Mar 22, 2025
|
Listed / Active | DAAR | $315,000 |
