2502 W 3rd St, Duluth, MN 55806
Property image
Property image
FOR SALE

$229,900

Original price: $235,000
  • 5 Beds
  • 2 Baths
  • 2,920 sqft

2502 W 3rd St, Duluth, MN 55806

Lincoln Park
Est. Mortgage $1,525/mo*
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Home Highlights

Multi-Family
Built in 1900
$79/sqft
1 Car Garage

Local Information

  • Map ViewExplore the area around 2502 W 3rd St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

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.
Last check for updates: about 23 hours ago
Listing courtesy of Steve Braman, (218) 310-2590
RE/MAX Results
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6123758
Also Listed on Lake Superior Area Realtors as distributed by MLS GRID.

Home Details for 2502 W 3rd St

Interior Features

Beds & Baths
Number of Bedrooms: 5Number of Bathrooms: 2
Dimensions and Layout
Living Area: 2920 Square FeetFoundation Area: 980
Appliances & Utilities
Utilities: Cable, DSL, Satellite
Heating & Cooling
Heating: Natural GasHas HeatingHeating Fuel: Natural Gas
Gas & Electric
Electric: Minnesota Power
Levels, Entrance, & Accessibility
Number of Stories: 2
View
No View

Exterior Features

Exterior Home Features
Roof: Asphalt Shingle RubberFoundation: Other
Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1No CarportHas a GarageHas an Attached GarageHas Open ParkingParking Spaces: 1Parking: On Street,None,Attached
Frontage
Road Frontage: City Street, Curbs, Sidewalks, Storm Sewer, Street LightsRoad Surface Type: PavedNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 2920 Square Feet

Days on Market

Cumulative Days on Market: 188Days on Market: 180+

Property Information

Year Built
Year Built: 1900
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Slate, Frame/Wood
Property Information
Condition: Previously OwnedParcel Number: 010114004240

Price & Status

Price
List Price: $229,900Price Per Sqft: $79
Status Change & Dates
Possession Timing: Close Of Escrow

Active Status

MLS Status: ACTIVE

Location

Direction & Address
City: Duluth
School Information
High School District: Duluth #709

Agent Information

Listing Agent
Listing ID: 6123758

HOA

No HOA

Lot Information

Lot Area: 3484.8 sqft

Offer

Listing Terms: Cash

Business

Expense
Tenant Pays: Internet, Cable TV, Electricity, Water, Sewer

Rental Terms, Policies & Fees

Owner Pays: Grounds Care, Repairs

Miscellaneous

BasementMls Number: 6123758Attribution Contact: ***Above Grade Unfinished Area: 2920

Around this home

Neighborhood Overview

Lincoln Park
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Lincoln Park

At least 54 Trulia users voted on each feature.

  • 91 % Say there are sidewalks

  • 85 % Say it's dog friendly

  • 80 % Say car is needed

  • 79 % Say yards are well-kept

  • 66 % Say kids play outside

  • 66 % Say there's wildlife

  • 63 % Say parking is easy

  • 61 % Say it's walkable to restaurants

  • 52 % Say neighbors are friendly

  • 49 % Say there's holiday spirit

  • 44 % Say people would walk alone at night

  • 37 % Say it's quiet

  • 36 % Say streets are well-lit

  • 33 % Say they plan to stay for at least 5 years

  • 30 % Say there are community events

  • 19 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • LincolnParker3910
    "Lots of families around. The playground at Lincoln Park is full of kids and families from sun up to sun down. I’d say every other house has a family in it. Lots of chalk drawings on the sidewalk. "
    1
    Flag
  • Maddielozinski1
    "Easy access to public transportation, when no construction short commute to downtown and mall district and west Duluth"
    0
    Flag
  • Fludbudd
    "It’s dog friendly as long as you clean up behind them. Lot’s of well mannered dogs . Only problem. No dog park in the area. "
    2
    Flag
  • Matt M.
    "There are good hiking trails and paths for walking your dog. The dogs in the neighborhood are leashed and friendly. "
    0
    Flag
  • Fludbudd
    "It’s quiet slow pace most of the time. Petty crime mostly. Things like car windows broken. Garage trespassing petty theft in the area but it’s livable "
    0
    Flag
  • Blmaruska
    "Lincoln Park great trail and park for dogs. Dogs in yards are leashed. Most streets are residential and slow. Good for dogs. "
    1
    Flag
  • Elora W.
    "They would not like unleashed dogs as there are lots of dogs in the neighborhood. Most people are respectful about their animals in the community."
    0
    Flag
  • Kia V.
    "Our neighborhood has a lot of different walks of life. The bus routes are strong and reliable. The night time isn’t always the safest in this area."
    1
    Flag
  • Dayton U.
    "On the boarder of a higher crime area. Middle school up the street, resulting in some vandalism by kids as the walk home from school in loud groups."
    0
    Flag
  • Kyra
    "This neighborhood is very family friendly and welcoming. My neighbors are very friendly and helpful and the bus line is very close and easy to get to work."
    0
    Flag
  • Nick F.
    "Neighbors walking dogs daily, best not to keep them outside alone though as mailman tends to complain about the barking even if they are behind a enclosed fence. "
    0
    Flag
  • Neilartcaron
    "Great spot for dogs! Not a lot of traffic, and access to the Superior Hiking Trail. The only downside is lack of dog friendly fields or parks to play ball/frisbee."
    0
    Flag
  • Ttr d.
    "Lots of places to walk your dog. Many parks, especially beautiful Lincoln Park and many nearby trails. Most people seem conscientious of picking up after their dogs, but still a lot don’t. Negative is bad sidewalks and unkept homes to walk by in certain areas. "
    0
    Flag
  • Scottadamski
    "I grew up here and would like to make this my permanent home but rent is very high compared with the wages earned."
    3
    Flag
  • Lillirose113
    "The neighbors are a hoot. From possessive parking spot on the street to not obeying leash laws. There’s always something to make your eyes roll."
    1
    Flag
  • m l.
    "Quiet neighborhood, friendly neighbors, easy access to freeway, 15 minutes or less to anywhere. "
    1
    Flag

Market trends in Duluth

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$311K
$8.33KMoM
Sale-to-List Price
100.0%
Price per sq ft
$208
$4MoM
Available listings
295
14MoM

Home Value

Trulia Estimate
$226K
Since last month
Increased$600 (+0.3%)
Since last year
Decreased$66K (-22.6%)
Since last sale
Increased$106K (+88.6%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +70% in the last 10 years
MonthEstimated value
2026
September 2026$226K
August 2026$226K
July 2026$225K
June 2026$239K
May 2026$239K
April 2026$265K
March 2026$280K
February 2026$290K
January 2026$159K
2025
2024

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
2714 W 2nd St, Duluth, MN
0.22
Multi-Family Home
$175,000
08/24/26
4
2
1,696
2815 W 3rd St, Duluth, MN
0.30
Multi-Family Home
$249,900
07/30/26
4
2
2,044
2813 Wellington St, Duluth, MN
0.35
Multi-Family Home
$235,000
03/02/26
4
2
2,728
2424 W 2nd St, Duluth, MN
0.10
Multi-Family Home
$250,000
04/30/26
3
2
1,566
419 Michigan Ave, Duluth, MN
0.48
Multi-Family Home
$175,000
08/24/26
4
2
2,406
314 Winnipeg Ave #316, Duluth, MN
0.38
Multi-Family Home
$264,000
08/20/26
4
3
3,285
3019 Restormel St, Duluth, MN
0.47
Multi-Family Home
$206,000
07/31/26
6
2
1,789
2826 W 3rd St, Duluth, MN
0.32
Multi-Family Home
$149,900
02/26/26
3
2
1,476

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
2502 W 2nd St, Duluth, MN 55806
0.07
$270,000
7
2
2,496
Recently Sold
XX W 3rd St, Duluth, MN 55806
0.06
-
-
-
-
Off Market
2418 W 2nd St, Duluth, MN 55806
0.09
$250,000
3
1.5
1,166
Recently Sold
2403 & 2407 W 3rd St, Duluth, MN 55806
0.08
$399,900
2
1
3,830
For Sale
2409 W 3rd St, Duluth, MN 55806
0.08
$171,000
4
2
1,880
Recently Sold
2424 W 2nd St, Duluth, MN 55807
0.10
$250,000
3
2
1,566
Recently Sold
xx W 3rd St, Duluth, MN 55806
0.06
$12,000
-
-
-
For Sale
324 N 25th Ave W, Duluth, MN 55806
0.07
$260,600
6
2
2,441
Off Market
116 N 25th W, Duluth, MN 55806
0.11
$166,400
1
1
1,075
Off Market
2400 W 4th St, Duluth, MN 55806
0.08
-
-
-
-
Off Market
2602 W 3rd St, Duluth, MN 55806
0.09
$200,000
2
1
1,200
For Sale

Price and Tax history

DateEventPrice
Sep 1, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6123758
PriceChange
$229,900
Price decreased by 2%
Jul 29, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6123758
PriceChange
$235,000
Price decreased by 6%
May 19, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6123758
PriceChange
$250,000
Price decreased by 9%
Apr 22, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6123758
PriceChange
$275,000
Price decreased by 5%
Feb 25, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6123758
Listed For Sale
$289,900

LGBTQ Local Legal Protections

Steve Braman, RE/MAX Results
Agent Phone: (218) 310-2590
Based on information submitted to the MLS GRID as of 2026-09-20 23:32:12 PDT. 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. Some IDX listings have been excluded from this website. Click here for more information

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Frequently asked questions about 2502 W 3rd St

  • What is the estimated monthly payment for 2502 W 3rd St?
    Based on a $229,900 list price with 20% down at today's rates, the estimated monthly payment for 2502 W 3rd St in Duluth, MN is approximately $1,535 (about $1,255 principal & interest, $205 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 2502 W 3rd St compare to homes in Duluth?
    2502 W 3rd St in Duluth, MN is listed at $229,900, about 26% below the $311K median sale price in Duluth.
  • What do residents say about the Lincoln Park neighborhood?
    Residents describe the Lincoln Park neighborhood in Duluth, MN as pedestrian-friendly, dog-friendly, and well-kept. See homes for sale in Lincoln Park, Duluth.
  • What are the closest schools to 2502 W 3rd St?
    The closest schools to 2502 W 3rd St in Duluth, MN are Denfeld Senior High School (rated 5/10), Lincoln Park Middle School (rated 4/10), Piedmont Elementary School (Pre-K, rated 7/10).
2502 W 3rd St, Duluth, MN 55806 is a 5 bedroom, 2 bathroom, 2,920 sqft multi-family built in 1900. 2502 W 3rd St is located in Lincoln Park, Duluth. This property is currently available for sale and was listed by Lake Superior Area Realtors as distributed by MLS GRID on Feb 25, 2026. The MLS # for this home is MLS# 6123758.