1916 Lawn Street, Duluth, MN 55812
Local realty services provided by:ERA Prospera Real Estate
1916 Lawn Street,Duluth, MN 55812
$325,000
- 5 Beds
- 2 Baths
- - sq. ft.
- Single family
- Sold
Listed by: david g meyer, paul docauer
Office: re/max advantage plus
MLS#:7032254
Source:NSMLS
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Price summary
- Price:$325,000
About this home
Excellent cash-flowing rental property located just one block from the main UMD parking lot. This is an ideal opportunity for investors or for parents seeking housing for a student attending UMD or the College of St. Scholastica. Thanks to its highly desirable location, the home has never experienced a vacancy and has been well-maintained. With five bedrooms, the property’s rental income comfortably covers operating expenses and mortgage costs. The main level offers an inviting, open layout, a gas fireplace for cozy evenings and includes an additional refrigerator for tenant convenience. The rental license is active and
fully transferable. The floor plan features two bedrooms and a full bath on the main level, along with three bedrooms and a 3/4 bath in the lower level. Most windows were replaced just before the current owners purchased the property. The living room, dining room, and all lower-level lookout windows have been updated within the past 3 years. A significant recent upgrade is the brand-new 2025 boiler, which
also functions as an on-demand water heater. This efficient system helps keep heating costs low by eliminating the need to maintain a full tank of hot water and removes the future expense of replacing a
traditional water heater. Current rent is $2,875 per month with the lease expiring on May 31, 2026. All tenants are vacating the property. The next 12 month rental cycle is projected at $3,000 per month, still below comparable nearby properties, which typically run $50–$75 higher per room. This is an outstanding opportunity to own a strong, income-producing property while also potentially providing housing for a student with a fully transferable rental license. Let this
investment work for you or enjoy it as a regular single family home with excellent proximity to campus. Initial price of $339,900 was a typo....
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Home facts
- Year built:1929
- Listing ID #:7032254
- Added:49 day(s) ago
- Updated:May 16, 2026 at 03:43 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:2
- Full bathrooms:1
- Dining Description:Informal Dining Room
- Bathrooms Description:3/4 Basement, Main Floor Full Bath
- Kitchen Description:Range, Refrigerator
- Basement:Yes
- Basement Description:Block, Egress Window(s), Finished, Full, Storage Space, Walkout
Heating and cooling
- Heating:Boiler
Structure and exterior
- Roof:Age 8 Years or Less
- Year built:1929
- Lot Features:Tree Coverage - Light
- Levels:1 Story
Utilities
- Water:City Water - In Street
- Sewer:City Sewer - Connected
Finances and disclosures
- Price:$325,000
- Tax amount:$3,766 (2026)
Features and amenities
- Appliances:Range, Refrigerator, Washer
- Laundry features:Dryer, Washer
Parking
- Parking description:Concrete, Gravel
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