2502 W 3rd St

2,920 Sq. Ft.
$94 / Sq. Ft.
2,920
Sq. Ft.
$94
per Sq. Ft.

Description

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...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.
  1. Listed by Steve Braman • RE/MAX Results
    P: (218)-310-2590 steve.braman@gmail.com

Property Details for 2502 West 3rd Street

Waterfront YN
No
LISTING UPDATED: 04/23/2026 08:00 PM

Property Details for 2502 West 3rd Street

StatusActive
MLS #6123758
Days on Compass80
Taxes$2,155 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Other
Year Built1900
Lot Size0.08 AC / 3,484 SF
CountySt. Louis County

Location

Listing Courtesy of RE/MAX Results
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Building Information for 2502 West 3rd Street

Stories2Residences2Year Built1900Building Size-Lot Size0.08 AC / 3,484 SF

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Property Information for 2502 West 3rd Street

Summary
Location and General Information
  • Directions: corner of 25th Ave West & 3rd St
  • Latitude: 47
  • Longitude: -92
  • MLSArea Major: LSAR
  • Road Frontage Type: City Street, Curbs, Paved Road, Sidewalks, Storm Sewer, Street Lights
Parking
  • Garage Spaces: 1.0
  • Garage Type: Attached
  • Parking Features: On Street, None
School Information
  • High School District: Duluth #709
Taxes and HOA
  • Association YN: No
  • Taxes With Assessments: 2184
  • Parcel Number: 010-1140-04240
  • Tax Annual Amount: $2,155.00
  • Tax Legal Description: N 68 ft of Lot 402, Block 86, Duluth Proper Second Division
  • Tax Year: 2025
Property
Lot Information
  • Above Grade Finished Area: 2920.0
  • Below Grade Finished Area: 0.0
  • Living Area: 2920.0
  • Lot Features: Corner Lot, Pub. Transit (w/in 6 blk)
  • Lot Size Acres: 0.08
  • Lot Size Dimensions: 70 x 50
  • Basement Square Feet: ***
  • Condo Type: Other
  • Construction Type: Frame/Wood
  • Foundation Dimensions: 20X49
Property and Assessments
  • Development Status: Previously Owned
  • Assessment Balance: 29
  • Possession: Close Of Escrow
  • Property Sub Type: Other
  • Property Type: Residential Income
  • Year Built: 1900
Utilities
  • Sewer: Public Sewer
  • Water Source: City
Multi Family
Multi Family Information
  • Number Of Units Total: 2
Unit Information
Unit 1
  • Unit Full Bathrooms: 1
  • Unit Leased: No
  • Unit Level: 1/2
  • Unit Number: Duplex
  • Unit Number Of Rooms: 5
  • Unit Square Footage: 2200
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Description: See drawing, currently Vacant and demo'd. Layout in photos and supplements
  • Unit Type Type: Unit 1
Unit 2
  • Unit Full Bathrooms: 1
  • Unit Half Bathrooms: 0
  • Unit Level: 2
  • Unit Number: House
  • Unit Number Of Rooms: 4
  • Unit One Quarter Bathrooms: 0
  • Unit Three Quarter Bathrooms: 0
  • Unit Type Actual Rent: $1,100.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
Unit 3
  • Unit Leased: No
  • Unit Type Type: Unit 3
Interior and Exterior Features
Exterior Features
  • Construction Materials: Slate
  • Foundation Details: Other
  • Roof: Asphalt Shingle, Rubber
  • Stories Total: 2
Interior Features
  • Basement: Crawl Space
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 5
  • Heating: Natural Gas
Agent
Agent Information
  • Listing Agent Primary Office: ***
Sale and Listing
  • Auction: No
  • Auction End Date: ***
  • LVTDate: 2026-02-25
  • Management Company: ***
  • Management Company Phone Email: ***
  • Power Company: Minnesota Power
  • Transaction Type: For Sale
Rental
Rent Information
  • Leased Land: Owned
  • Lender Owned: No
  • Rental License: No
  • Tenant Pays: Internet, Cable TV, Electricity, Water, Sewer

Property History for 2502 West 3rd Street

DateEvent & SourcePriceAppreciation
Apr 21, 2026

Price Change

Lake Superior Area REALTORS #6123758

$275,000
Apr 20, 2026

Price Change

Lake Superior Area REALTORS #6123758

$275,900
Feb 25, 2026

Listed (Active)

Lake Superior Area REALTORS #6123758

$289,900
DateEvent & SourcePrice
04/21/2026

Price Change

Lake Superior Area REALTORS #6123758

$275,000
04/20/2026

Price Change

Lake Superior Area REALTORS #6123758

$275,900
02/25/2026

Listed (Active)

Lake Superior Area REALTORS #6123758

$289,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2502 West 3rd Street

Taxable ValueLand$15,400Additions$127,600Total$143,000
Tax Record2025$2,184 ($182 / month)
Home Facts
Total Finished SqFt2,200 SqFtAbove Grade Finished SqFt2,200 SqFtStories2StyleMulti-Family Dwelling (2-4)Year Built1900CountyST. LOUISAPN010-1140-04240

Schools near 2502 West 3rd Street

This home is within Duluth Public School District.
Rating
School
Type
Grades
Distance
Public - K to 12
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Merritt Creek Academy
PublicK to 12

Lincoln Park Middle School
Public6 to 8

Denfeld Senior High School
Public9 to 12

Piedmont Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

2502 West 3rd Street is a multi-family home for sale in Duluth, MN 55806. This property was listed for sale on February 25, 2026 by RE/MAX Results, it's currently listed at $275,000. It has been on the market for a total of 80 days and was last sold on October 27, 2023. This listing's school district is Duluth Public School District. Nearby schools include Merritt Creek Academy, Lincoln Park Middle School and Denfeld Senior High School. 2502 West 3rd Street is a 5-bed, 2-bath, 2,920 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Results

Based on information submitted to the MLS GRID as of 04/23/2026 08:00 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.