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2502 W 3rd St, 
Duluth, MN 55806

$289,900


5

Beds


3

Baths


2,920

Sq Ft


Multi-Family

Active

Listed by

Steve Braman

RE/MAX Results

Last updated:

March 2, 2026, 04:05 PM

MLS#

6123758

Source:

MN DAAR

About This Home

2502 W 3rd St

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.

Home Facts

Multi-Family

3 Baths

5 Bedrooms

Built in 1900

Price Summary

289,900

$99 per Sq. Ft.

MLS #:

6123758

Last Updated:

March 2, 2026, 04:05 PM

Added:

5 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

3

Interior

Living Area:

2,920 Sq. Ft.


Structure

Structure

Building Area:

2,920 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

3,484


Finances & Disclosures

Finances

Price:

$289,900

Price per Sq. Ft:

$99 per Sq. Ft.

Source:MN DAAR
2026, Lake Superior Area REALTORS, Inc.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.