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Greater Minnesota: 2–4 unit rentals

Every listing we track, run through the same model: 20% down, 7% for 30 years, offer at asking, self-managed. Toggle other scenarios on each property page.

Single-family homes in Greater Minnesota11,270 houses for sale, ranked by cash flowBrowse →

Market pulse

Listings tracked
201
Cash-flow positive today
90 of 176
at 20% down
Median price per unit
$111K
Median est. rent per unit
$1,150
Mortgage rate we use
7.00%

Top picks across Greater Minnesota

Ranked on real rent estimates (nearby comparable rentals or our own research). Listings with a serious red flag are under Proceed with caution instead, however good the numbers look.

Duplex New listing
+$704/mo cash flow
Cash flows · cap 9.0% · 20% down
$320,000
2 units4 bd2 ba1,982 sqft
421 10th St, Cloquet
Rents: RentCast comps
Duplex
+$262/mo cash flow
Cash flows · cap 9.2% · 20% down
$109,900
2 units2 bd2 ba1,273 sqft
205 4th St N, Virginia
Rents: RentCast comps
Fourplex
+$856/mo cash flow
Cash flows · cap 9.5% · 20% down
$327,900
4 units6 bd4 ba2,508 sqft
450 Murray Ave, Pine River
Rents: RentCast comps
Duplex
+$739/mo cash flow
Cash flows · cap 9.9% · 20% down
$249,900
2 units7 bd3 ba2,550 sqft
802 Le Hillier St, Mankato
Rents: RentCast comps
Duplex
+$499/mo cash flow
Cash flows · cap 8.9% · 20% down
$239,000
2 units2 bd2 ba1,600 sqft
731 College Ave, Red Wing
Rents: RentCast comps
Duplex
+$578/mo cash flow
Cash flows · cap 8.5% · 20% down
$324,900
2 units5 bd2 ba1,746 sqft
508 4th Ave, Two Harbors
Rents: RentCast comps

Ways to slice it

Best cash flow now

Monthly cash flow at 20% down.

  1. 2328 1st Ave · Hibbing serious flag $2,228/mo
  2. 423 1st St NW · Cass Lake serious flag $2,043/mo
  3. 202 N Cass Ave · Springfield serious flag $1,406/mo
  4. 116 2nd St S · Virginia serious flag $1,397/mo
  5. 219 3rd Ave · Bovey $1,295/mo

+ 171 more on the city pages

Best long-term

Year-30 wealth vs. the same money in stocks.

  1. 6266 Giants Ridge Rd · Biwabik serious flag 43.59× stocks
  2. 2328 1st Ave · Hibbing serious flag 28.49× stocks
  3. 423 1st St NW · Cass Lake serious flag 21.30× stocks
  4. 116 2nd St S · Virginia serious flag 21.24× stocks
  5. 422 Conley Ave S · Thief River Falls serious flag 19.58× stocks

+ 171 more on the city pages

Value-add

Under-rented, needs work, or room to negotiate.

  1. 450 Murray Ave · Pine River Long time on market: room to negotiate.
  2. 802 Le Hillier St · Mankato Long time on market: room to negotiate.
  3. 731 College Ave · Red Wing Long time on market: room to negotiate.
  4. 508 4th Ave · Two Harbors Current rents are below market.
  5. 208 MN 5 · Arlington Long time on market: room to negotiate.

+ 89 more on the city pages

Proceed with caution

Decent numbers, serious flags.

  1. 1407 State Hwy · Alexandria Fully gutted and vacant.
  2. 305 N Van Buren Ave · Springfield No rents, leases or expenses given; 'occupied' says nothing about rent level or lease terms
  3. 543 River St · Taylors Falls No rents, leases or occupancy given for a property pitched on cash flow
  4. 1101 Bemidji Ave N · Bemidji No actual rents or lease terms given; income is unverified
  5. 1105 16th Ave E · Hibbing No rents, lease terms or expenses given.

+ 47 more on the city pages

Map

Explore by city

Every city in Greater Minnesota with a 2–4 unit listing, with the median monthly cash flow at 20% down.

All cities with listings (78)

Monthly cash flow: top 20

−$500$0$500$1,000$1,500$2,000$2,500break-even2328 1st Ave$2,228423 1st St NW$2,043202 N Cass Ave$1,406116 2nd St S$1,397219 3rd Ave$1,295420 S Pokegama Ave$1,127220 E 7th St$1,1231105 16th Ave E$1,04720 5th St E$1,029502 Vine Ave W$1,020110 3rd Ave N$1,007824 13th St N$894232 E Broadway St$889450 Murray Ave$856708 2nd St NW$845404 Main St$823124 E 17th St$820130 E 16th St$813919 W Front St$804207 Bridge St S$794

Needs more info

Left out of the rankings until a data problem is resolved.

  1. 10035 Pokegama Lake Road Dr · Pine City No reliable rent estimate: too few comparable rentals close by, and no RentCast estimate.
  2. 106 Aspen Ave SW · Cass Lake No reliable rent estimate: too few comparable rentals close by, and no RentCast estimate.
  3. 1116 7th Ave S · Saint Cloud No reliable rent estimate: too few comparable rentals close by, and no RentCast estimate.
  4. 1127 N Lakeshore Dr · Lake City No reliable rent estimate: too few comparable rentals close by, and no RentCast estimate.
  5. 116 W Jessie St · Rushford No reliable rent estimate: too few comparable rentals close by, and no RentCast estimate.
  6. 12 Linney St · Babbitt No reliable rent estimate: too few comparable rentals close by, and no RentCast estimate.
  7. 204 Main St E · Ogema No reliable rent estimate: too few comparable rentals close by, and no RentCast estimate.
  8. 209 211 Farmdale Rd · Lake Lillian No reliable rent estimate: too few comparable rentals close by, and no RentCast estimate.
  9. 2126 3rd Ave E · Hibbing No reliable rent estimate: too few comparable rentals close by, and no RentCast estimate.
  10. 220 Maple Ave SW · Elysian No reliable rent estimate: too few comparable rentals close by, and no RentCast estimate.

+ 15 more on the city pages