Property Description

Great opportunity to own a well-established 5-bedroom, 2-bathroom rental property conveniently located just 1.5 miles from both UMD and CSS. Situated on a quiet street, this single-family home offers six off-street parking spaces, additional on-street parking, and a bus stop just one block away. The property is currently leased through May 2027 at $2,850 per month, with tenants paying utilities, and has maintained a zero-vacancy history since the current ownership began in 1991. The functional layout offers 1,766 finished square feet with five bedrooms, a full upper-level bathroom, and a 3/4 bathroom in the basement. Updates and amenities include a walk-in shower, two refrigerators, dishwasher, washer and dryer, dehumidifier, new washing machine and dishwasher, plus a new roof installed in 2023. An active City of Duluth rental license is in place through 11/1/2027, with the most recent inspection completed 8/15/2025. 2026 property taxes are $2,910 and insurance is approximately $1,297 annually. With a long rental history, convenient location near both campuses, ample parking, and established rental income, this property offers a great opportunity for an investor looking to add a proven rental to their portfolio.

Property Features

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