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$404,900
/mo Edit
Single Family:  More Than 2 Stories
6 br • 3 ba • Built 1902
2,300 sqft • 0.106 acres
Duluth schools
MLS# 7080371
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    Property Description

    Welcome to 1931 E Superior St — a prime investment opportunity located in the heart of Duluth’s desirable East Hillside neighborhood. This spacious 6-bedroom, 3-bathproperty offers over 2, 300 square feet across three finished levels and has proven to be an exceptional long-term rental asset with no vacancy for nearly 30 years. Its close proximity to local colleges, downtown Duluth, Lake Superior, restaurants, and trail systems makes it an ideal setup for student housing and strong long-term rental demand. The home features a functional layout with multiple living spaces, generously sized bedrooms, and flexible bonus areas that appeal to a wide tenant base. All six bedrooms are large in size, providing comfortable accommodations for renters, while abundant windows throughout bring in natural light and preserve the classic character of the home. The third floor offers great views of Lake Superior, adding additional appeal and character to the property. The home has seen several key updates, including a newer roof, newer siding, new windows, and a new boiler, along with ample off-street parking and newly installed concrete sidewalks in the rear forimproved access and durability. The property also includes two refrigerators and a dishwasher, adding convenience and functionality for tenants. Adding further long-term value, the property is also wired and plumbed with potential to be configured as a triplex, offering future flexibility and upside for investors. The property is currently leased for $3, 780 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 and stable rental income for the next owner. With its established rental history, consistent occupancy, desirable location near colleges, strong income potential, and future conversion flexibility, 1931 E Superior St presents an outstanding opportunity for investors seeking a proven and dependable Duluth rental property.

    Listing

    Contingency: None
    Price per sq ft: $176
    City: Duluth
    County: St. Louis
    State: MN
    Property Style: More Than 2 Stories
    Zip Code: 55812
    Subdivision Name: Endion Div Of Duluth

    Interior

    Living Area: 2,300 ft2
    Common Wall: No
    Basement Details: Full

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 0
    Air Conditioning: None
    Foundation Size: 2,300 ft2
    Foundation Dimensions: 24X30+10X16+8X14
    Handicap Accessible: None
    Heating System: Boiler
    Parking Features: On-Street Parking Only

    Rooms

    1/4 Baths: None
    Full Baths: 1
    Half Baths: None
    3/4 Baths: 2
    Bathroom Details:
    • Main Floor Full Bath
    • Upper Level 3/4 Bath
    Second Level Size Sq Ft
    Bathroom  10 x 4.10  40 
    Second Level Size Sq Ft
    Bedroom 5  8.10 x 11.4  88 
    Second Level Size Sq Ft
    Bedroom 4  12.5 x 11.4  132 
    Second Level Size Sq Ft
    Bedroom 2  15.4 x 15.2  225 
    Third Level Size Sq Ft
    Bathroom  8.3 x 7.4  56 
    Bedroom 6  18.6 x 18  324 
    Second Level Size Sq Ft
    Bedroom 3  15.5 x 11.11  165 
    Main Level Size Sq Ft
    Bathroom  5.6 x 6.1  30 
    Dining Room  5.9 x 6.8  30 
    Bedroom  15.9 x 11.11  165 
    Kitchen  12.4 x 9.6  108 
    Living Room  16.3 x 15.2  240 

    Lot & Land

    Acres: 0.106
    Geolocation: 46.806089, -92.073764
    Lot Dimensions: 32 x 138
    Zoning: Residential-Single Family

    Schools

    School District: 709
    District Phone: 2183368700

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $5,062
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $5,096
    Association Fee Required: No
    Association Fee: None

    Miscellaneous

    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected
    Power Company Name: Minnesota Power

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    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.