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Greater Minnesota › Alexandria

Alexandria

Greater Minnesota city. Every 2–4 unit listing here, run through the same numbers at 20% down and 7%.

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Neighborhood profile

Listings we track
2
Median price per unit
$87K
Typical cash flow
$165
median per month, 20% down
Rent rules
No cap
Rents can reset to market at renewal

Crime, rental-license and Census neighborhood figures are only available for St. Paul and Minneapolis so far.

Map

Top picks

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.

None yet with verified rents. Every listing here is ranked on rough rent estimates for now (tagged “rough” below); those are places with too few rentals nearby to compare.

Ways to slice it

Best cash flow now

Monthly cash flow at 20% down.

  1. 1407 State Hwy serious flag $553/mo
  2. 1101 Jefferson St serious flag −$224/mo

Best long-term

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

  1. 1407 State Hwy serious flag 3.94× stocks
  2. 1101 Jefferson St serious flag 1.30× stocks

Value-add

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

  1. 1407 State Hwy serious flag Sold as-is: the seller won't fix what the inspection finds.
  2. 1101 Jefferson St serious flag Long time on market: room to negotiate.

Proceed with caution

Decent numbers, serious flags.

  1. 1407 State Hwy Fully gutted and vacant.

All listings

2 listings. Filter by price or units, or switch the down payment.

  1. 1407 State Hwy

    $320,000 · 4 units
    Cash flows
    Cash flow $553/mo Cap 8.5% Break-even price $424K Yr 30 vs stocks 3.94× Positive in yr 1

    This is a gutted shell sold as-is, a project with real rebuild costs and zoning questions, not a cash-flowing 4-plex at $320K.

    Fully gutted and vacant. No rent income today, and the underwriting cash flow isn't real until the building is rebuilt.

  2. 1101 Jefferson St

    $189,900 · 2 units
    Overpriced
    Cash flow −$224/mo Cap 5.0% Break-even price $148K Yr 30 vs stocks 1.30× Positive in yr 11

    A 1916 one-bed-over-one-bed duplex that loses money at asking, so it only works at a much lower price once rents and expenses are verified.

    No rents, lease terms or occupancy given, so income is unverified

Monthly cash flow

−$500$0$500$1,000break-even1407 State Hwy$5531101 Jefferson St−$224

What's changing

Nothing curated for this city yet.