Greater Minnesota › Moorhead

Moorhead

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
9
Median price per unit
$96K
Typical cash flow
−$302
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.

Ways to slice it

Best cash flow now

Monthly cash flow at 20% down.

  1. 917 19th St S serious flag $180/mo
  2. 921 19th St S serious flag $144/mo
  3. 1011 19th St S serious flag −$6/mo
  4. 1902 8th Ave N serious flag −$139/mo
  5. 1406 24th Ave S serious flag −$302/mo

+ 4 more in the full list below

Best long-term

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

  1. 917 19th St S serious flag 2.90× stocks
  2. 921 19th St S serious flag 2.79× stocks
  3. 1011 19th St S serious flag 2.42× stocks
  4. 1902 8th Ave N serious flag 1.89× stocks
  5. 1406 24th Ave S serious flag 1.26× stocks

+ 4 more in the full list below

Value-add

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

  1. 1011 19th St S serious flag Long time on market: room to negotiate.
  2. 1902 8th Ave N serious flag Long time on market: room to negotiate.
  3. 1110 12th St S serious flag Long time on market: room to negotiate.
  4. 1114 18th St S serious flag Long time on market: room to negotiate.

Proceed with caution

Decent numbers, serious flags.

  1. 917 19th St S No rents, expenses or occupancy in the listing.
  2. 921 19th St S No rents, occupancy or lease terms given, so income is unverified
  3. 1011 19th St S No rents, expenses or lease terms given despite 'strong rental history' and 'solid cash flow' claims
  4. 1902 8th Ave N Looks like a single-family house converted to three units.

All listings

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

  1. 917 19th St S

    $319,900 · 4 units
    Cash flows
    Cash flow $180/mo Cap 7.1% Break-even price $354K Yr 30 vs stocks 2.90× Positive in yr 1

    Updated-looking student fourplex that only barely cash flows at asking on our estimated rents, so it hinges on real rents and expenses.

    No rents, expenses or occupancy in the listing. Income is entirely our estimate.

  2. 921 19th St S

    $339,900 · 4 units
    Cash flows
    Cash flow $144/mo Cap 6.9% Break-even price $367K Yr 30 vs stocks 2.79× Positive in yr 1

    A 3-bed fourplex that pencils to slightly positive cash flow at $339,900, so it works best if actual rents beat our $1,000 estimate or the price drops.

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

  3. 1011 19th St S

    $385,000 · 4 units
    Close
    Cash flow −$6/mo Cap 6.4% Break-even price $384K Yr 30 vs stocks 2.42× Positive in yr 2

    A plain 1963 four-plex that roughly breaks even at the ask with no rents disclosed; only worth pursuing at or below about $384K with a verified rent roll.

    No rents, expenses or lease terms given despite 'strong rental history' and 'solid cash flow' claims

  4. 1902 8th Ave N

    $269,900 · 3 units
    Close
    Cash flow −$139/mo Cap 5.8% Break-even price $244K Yr 30 vs stocks 1.89× Positive in yr 5

    A house converted to three units that loses money at $269,900; it only makes sense near $244K, and only if the units are legal.

    Looks like a single-family house converted to three units. Legal status of the units is unconfirmed.

  5. 313 7th St S

    $245,000 · 2 units
    Overpriced
    Cash flow −$413/mo Cap 4.4% Break-even price $167K Yr 30 vs stocks 0.94× Positive in yr 17

    Rents are solid on paper, but at $245K this loses money each month, so it's only worth a look at a much lower price with verified leases.

  6. 1406 24th Ave S

    $255,000 · 3 units
    Overpriced
    Cash flow −$302/mo Cap 5.0% Break-even price $198K Yr 30 vs stocks 1.26× Positive in yr 12

    A usable triplex, but at $255K it loses money; it only works as a house hack or at a price nearer $198K.

    Unit 1 tenant is leaving and its photos are withheld, so the main unit's condition is unknown

  7. 1110 12th St S

    $220,500 · 2 units
    Overpriced
    Cash flow −$427/mo Cap 4.1% Break-even price $140K Yr 30 vs stocks 0.82× Positive in yr 20

    Good student-area location, but at $220,500 it loses money by our numbers, so only worth a look at a much lower price with proven rents.

    No rents, lease terms or occupancy stated; 'ready for immediate income potential' is a projection, not income

  8. 716 8th St S

    $259,000 · 2 units
    Overpriced
    Cash flow −$528/mo Cap 3.9% Break-even price $160K Yr 30 vs stocks 0.79× Positive in yr 20

    Good student-area location, but at $259K with owner-paid heat it loses money every month; it only works much closer to $160K.

    Owner pays heat, which is the biggest utility in Minnesota, on rents near $950 per unit

  9. 1114 18th St S

    $1,804,900 · 4 units
    Far off
    Cash flow −$9,022/mo Cap 0.4% Break-even price $110K Yr 30 vs stocks 0.31× Positive in 30+ yrs

    At this ask the numbers are deeply negative, so verify the price and get real rents before spending any time on it.

    Ask price is roughly 2.9x the break-even price; the numbers don't work at this price

Monthly cash flow

−$9,500−$9,000−$8,500−$8,000−$7,500−$7,000−$6,500−$6,000−$5,500−$5,000−$4,500−$4,000−$3,500−$3,000−$2,500−$2,000−$1,500−$1,000−$500$0$500break-even917 19th St S$180921 19th St S$1441011 19th St S−$61902 8th Ave N−$1391406 24th Ave S−$302313 7th St S−$4131110 12th St S−$427716 8th St S−$5281114 18th St S−$9,022

What's changing

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