1931 E Superior St, Duluth, MN 55812

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.