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$425,000
8 Beds ⋅ 4 Baths ⋅ 7133459 MLS
OUTSTANDING 4-PLEX INVESTMENT OPPORTUNITY IN THE HEART OF BABBITT! Well-maintained multi-family property offering an excellent opportunity for investors or an owner-occupant looking to build equity while rental income helps offset expenses. The spacious owner’s unit provides comfortable living space, while the additional units and detached garages offer strong income potential. Numerous recent improvements include new roofs on both buildings, updated siding, fresh exterior paint, newer windows, and additional updates throughout. Tenants have access to a shared laundry area, while the owner’s unit features private laundry and a cozy gas fireplace. The property is conveniently located near lakes, parks, snowmobile and ATV trails, and year-round outdoor recreation, making it an attractive location for renters and outdoor enthusiasts. Whether you're looking to house-hack and have tenants help with the mortgage or add a solid income-producing property to your investment portfolio, this 4-plex offers flexibility, desirable improvements, and long-term potential. Don't miss this opportunity to own income-producing real estate in Babbitt!

12 Linney Street, Babbitt

Listing courtesy of Anchor Realty.

$549,900
10 Beds ⋅ 3 Baths ⋅ 7129180 MLS
Welcome to 1432 E 4th St- a high-performing duplex investment opportunity located in the heart of Duluth’s East Hillside neighborhood near local colleges, downtown Duluth, and Lake Superior. This spacious multi-unit property offers an ideal setup for student housing or long-term rentals with strong income potential and a functional layout designed to accommodate large tenant groups. Situated on a lot and a half, the property also offers ample off-street parking for residents, a highly desirable feature for multi-tenant housing. The property also features a newer roof, adding additional value and peace of mind for future ownership. This classic Duluth property has been meticulously maintained and is filled with amazing character, beautiful original woodwork, and stunning hardwood floors throughout, offering timeless charm that tenants appreciate while showcasing the pride of ownership carried throughout the property. The upper unit features 5 bedrooms and 1 bathroom, including 3 bedrooms on the main level and a large upper finished attic space that features 2 additional bedrooms, along with a fireplace that adds warmth and character to the living space. The upper unit also includes two refrigerators and a dishwasher, providing added convenience for larger tenant groups. The lower unit offers 5 bedrooms, with 2 bedrooms located on the main floor and an additional 3 bedrooms on the lower level, providing excellent flexibility and rental capacity. The lower unit also features its own fireplace, along with two refrigerators and a dishwasher. Both fireplaces are non-functional and serve as decorative features only, adding character without operational use. The building is serviced by two separate boilers, allowing independent heating systems for each unit. A common laundry area located in the basement is shared between both units for added convenience. The property is currently leased for $4,700 per month with tenants paying all utilities, creating strong cash flow potential and low owner expense responsibility. Current lease terms run from June 1, 2026 through May 19, 2027, offering immediate rental income and stability for the next owner. In addition to its strong investment performance, the property could also make an excellent future owner-occupied opportunity once current tenants move out, offering flexibility for a variety of ownership goals.

1432 E 4th Street, Duluth

Listing courtesy of RE/MAX Results.

$165,000
4 Beds ⋅ 3 Baths ⋅ 7126492 MLS
Investment Opportunity. All three units are rented Close to parks, the golf course, and the bike trails run all the way from Grand Rapids to Ely! Located right on the bus line for easy and inexpensive commute to work, shopping, schools, and medical facilities.

1105 16th Avenue E, Hibbing

Listing courtesy of COLDWELL BANKER NORTHWOODS.

$655,000
4 Beds ⋅ 1 Baths ⋅ 7123750 MLS
Experience this well-maintained Victorian four-plex, an ideal owner-occupancy opportunity or 1031 exchange investment with clean title, clear financials, and a flexible closing timeline. Blending historic architectural charm with modern rental stability, this property is positioned for immediate cash flow and long-term equity growth. In addition to the four residential units, a carriage house above the garage offers exciting potential for a fifth income-producing unit. The property also features a heated two-stall garage and dedicated workshop space, providing added functionality and value. Investors will appreciate the adjacent buildable lot, which presents the opportunity for future multifamily development and additional income potential. Ample off-street parking accommodates residents and guests with ease. The location is highly desirable for both tenants and owner-occupants, situated on a city bus route and within walking distance of the Lakewalk, Canal Park, and St. Luke’s and Essentia Health facilities. This rare offering combines character, convenience, expansion potential, and strong investment fundamentals in one exceptional property.

1727 E Superior Street, Duluth

Listing courtesy of Edina Realty, Inc. - Duluth.

$139,900
4 Beds ⋅ 3 Baths ⋅ 7116117 MLS

419 9th Street S, Virginia

Listing courtesy of Yellow Tree Properties.

$640,000
4 Beds ⋅ 4 Baths ⋅ 7112816 MLS
Impeccably maintained four unit multifamily property featuring extensive updates and strong investment appeal. Each of the four identical units showcases refinished hardwood floors, preserved original woodwork, and an updated faux clay roof that enhances the building’s architectural character. All units include two exits for convenience and safety. The lower level offers a large tuck under garage with two dedicated parking stalls per unit, each equipped with its own opener. Shared amenities include a coin operated washer and dryer located adjacent to four private storage rooms, providing valuable tenant convenience. Major mechanical improvements include electrical and plumbing updates and a full conversion from fuel oil to natural gas, supporting efficiency and long term reliability. Exterior features include a durable brick façade, seamless gutters, and a repaired architectural eyebrow accent at the roofline, reflecting consistent care and maintenance. This property is a turnkey, well updated asset offering historic charm, modern improvements, and stable rental potential.

1529 E 5th Street, Duluth

Listing courtesy of RE/MAX Results Duluth.

$114,900
2 Beds ⋅ 2 Baths ⋅ 7111272 MLS

205 4th Street N, Virginia

Listing courtesy of Yellow Tree Properties.

$275,000
4 Beds ⋅ 2 Baths ⋅ 7042430 MLS
OPPORTUNITY sits quietly just minutes from Canal Park—this duplex delivers the income potential investors are looking for. Positioned in a highly desirable Duluth location, this up/down duplex offers a strong blend of immediate cash flow and long-term equity growth. Each unit features 2 bedrooms and 1 bathroom with functional layouts that consistently attract tenants. Rental income is already in place with the upper unit leased at $1,095/month and the lower unit bringing in $1,075/month. The lower unit is currently undergoing updates, including fresh paint —providing a clear path to increased rental value and enhanced appeal. Additional highlights include basement laundry with separate washer and dryer for each unit, adding convenience and tenant independence. The lower unit is also now rented locking in a secure lease for the next 12 months along with the longer tenured upper unit. With its prime location, solid rental structure, and value-add potential, this property stands out as a smart addition to any portfolio. Schedule your private showing today and secure your next investment opportunity.

224 E 6th Street, Duluth

Listing courtesy of eXp Realty.

$500,000
10 Beds ⋅ 4 Baths ⋅ 7042356 MLS
High-Capacity Duplex with Exceptional Income Potential in Excellent Condition Welcome to 2417 Vermilion Rd—an impressive duplex offering spacious layouts and outstanding rental potential. With identical units, this property is ideal for investors seeking consistency and strong occupancy appeal. Each unit features 5 bedrooms and 2 full bathrooms, providing ample space for tenants and maximizing rental income. The open-concept living area flows seamlessly into the kitchen, creating a functional and inviting space for everyday living and gathering. Both units mirror each other in layout and design, making management straightforward and efficient.

2417 Vermilion Road, Duluth

Listing courtesy of RE/MAX Results.

$95,000
4 Beds ⋅ 2 Baths ⋅ 7032844 MLS
Fully leased upper/lower duplex, well maintained with long term tenants. Off street parking on side of property.

130 E 16th Street, Hibbing

Listing courtesy of Andrea Olsson Properties.

$95,000
3 Beds ⋅ 2 Baths ⋅ 7032839 MLS
Fully rented upper/lower duplex with long term tenants. Off street parking.

124 E 17th Street, Hibbing

Listing courtesy of Andrea Olsson Properties.

$125,000
3 Beds ⋅ 4 Baths ⋅ 6805095 MLS
What an opportunity to have your own retail/office or even converting this space for a 4th apartment combined with three 1 bedroomapartments, off street parking. Why rent when you can own and produce income. Tenants may be present during showing.

2328 1st Avenue, Hibbing

Listing courtesy of Coldwell Banker Realty - Dulut.

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