SoldMay 1, 2026

Listed by David Meyer and Paul Docauer

Bought with Kevin Kalligher

Source: Regional MLS of Minnesota #7032254

1916 Lawn Street, Duluth, MN, 55812

$325,000

5
2
2520 sq. ft.
0.11 ac.

SingleFam

1 day on the market

Sold: May 1, 2026

What's around 1916 Lawn Street

About this property

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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