1011 19th St S
Fourplex · 4 units: 3 bed / 1 bath ×4 unit split estimated · 4,026 sq ft
Moorhead, MN · View the listing ↗
Photos courtesy of RE/MAX Legacy Realty, via Realtor.com.
- Asking price
- $385,000 4 units · $96K per unit
- Monthly cash flow
- −$6 at 20% down, 7%
- Break-even price
- $383,809 where cash flow hits $0
First look
This is a 1963 four-plex of 3-bed/1-bath units at $385K, and at the ask our numbers show about -$6/mo cash flow with 20% down and a 6.4% cap rate. Break-even price is about $384K, so the ask is roughly $1K too high before any negotiation, and it has sat 143 days. The listing gives no rents, no expenses, no heat or utility details and no tax figure, and we couldn't match a county parcel, so the unit count and taxes are unverified. Photos show baseboard electric heat and window A/C units, which would push heat onto tenants but also raise their bills. Get the rent roll, trailing-12 and tax bill first. It's worth a showing only if actual rents beat our $1,025 mid estimate and you can buy near or below $384K.
Things to consider
- Cash flow is slightly negative at the ask Our model shows about -$6/mo at 20% down, so it's essentially break-even but you'd still be paying to hold it. The price needs to come down to about $384K or rents need to beat our estimate.
- Rents are unknown and our estimate range is wide Our estimate runs $925 to $1,700 per 3-bed, with a mid of $1,025. The actual rent roll decides whether this works.
- Unit count and taxes are unverified We couldn't match a county parcel, so confirm four legal units and the real tax bill before trusting any numbers.
- Heat and cooling setup affects tenant costs and turnover Electric baseboard and window A/C mean tenants likely pay high electric bills, which can hurt retention, but owner costs stay low if each unit is separately metered.From photo 5
- Update claims need proof Roof and windows are big-ticket items; the listing gives no dates. Verify with permits and an inspection.Listing says: “has seen numerous updates, including a new roof, new windows, updated bathroom fixtures, and some newer appliances”
- Long time on market gives leverage At 143 days, the seller may accept a lower offer, which you need anyway to reach break-even.
From the photos
Based on 10 of the listing photos. Photos can hide as much as they show; an inspection is the real answer.
Condition and repairs
- doneNew roofListing says: has seen numerous updates, including a new roof, new windows, updated bathroom fixtures, and some newer appliances
- doneNew windowsListing says: has seen numerous updates, including a new roof, new windows, updated bathroom fixtures, and some newer appliances
- doneUpdated bathroom fixturesListing says: has seen numerous updates, including a new roof, new windows, updated bathroom fixtures, and some newer appliances
- doneSome newer appliancesListing says: has seen numerous updates, including a new roof, new windows, updated bathroom fixtures, and some newer appliances
AI-assisted first read of the listing description and photos (Claude), checked against public records. Every rent and repair above quotes the listing; verify with the agent, leases and an inspection.
The numbers
Edit rents, costs and assumptions
Default: 20% down (no PMI), offer at asking, self-managed, 7.00% for 30 years, buyer pays closing costs (3%).
The deal
- Price
- $385,000
- Cash to close
- $50,050
- Price per unit
- $96,250
- GRM
- 7.8
Each month
- Cash flow
- −$479/mo
- Cash-on-cash
- −11.5%
- Cap rate
- 6.4%
- DSCR
- 0.81×
Break-even
- Price that breaks even
- $311,866
- Rent that breaks even
- $4,722/mo
Long run
- Year 30: property vs stocks
- $1.40M vs $506K
- Cash flow turns positive
- year 6
The deal
- Price
- $385,000
- Cash to close
- $50,050
- Price per unit
- $96,250
- GRM
- 7.8
Each month
- Cash flow
- −$826/mo
- Cash-on-cash
- −19.8%
- Cap rate
- 5.3%
- DSCR
- 0.67×
Break-even
- Price that breaks even
- $258,912
- Rent that breaks even
- $5,305/mo
Long run
- Year 30: property vs stocks
- $1.08M vs $723K
- Cash flow turns positive
- year 13
The deal
- Price
- $375,000
- Cash to close
- $48,750
- Price per unit
- $93,750
- GRM
- 7.6
Each month
- Cash flow
- −$414/mo
- Cash-on-cash
- −10.2%
- Cap rate
- 6.5%
- DSCR
- 0.83×
Break-even
- Price that breaks even
- $311,866
- Rent that breaks even
- $4,637/mo
Long run
- Year 30: property vs stocks
- $1.42M vs $474K
- Cash flow turns positive
- year 5
The deal
- Price
- $375,000
- Cash to close
- $48,750
- Price per unit
- $93,750
- GRM
- 7.6
Each month
- Cash flow
- −$760/mo
- Cash-on-cash
- −18.7%
- Cap rate
- 5.4%
- DSCR
- 0.69×
Break-even
- Price that breaks even
- $258,912
- Rent that breaks even
- $5,209/mo
Long run
- Year 30: property vs stocks
- $1.08M vs $668K
- Cash flow turns positive
- year 12
The deal
- Price
- $385,000
- Cash to close
- $88,550
- Price per unit
- $96,250
- GRM
- 7.8
Each month
- Cash flow
- −$6/mo
- Cash-on-cash
- −0.1%
- Cap rate
- 6.4%
- DSCR
- 1.00×
Break-even
- Price that breaks even
- $383,809
- Rent that breaks even
- $4,108/mo
Long run
- Year 30: property vs stocks
- $1.63M vs $675K
- Cash flow turns positive
- year 2
The deal
- Price
- $385,000
- Cash to close
- $88,550
- Price per unit
- $96,250
- GRM
- 7.8
Each month
- Cash flow
- −$353/mo
- Cash-on-cash
- −4.8%
- Cap rate
- 5.3%
- DSCR
- 0.83×
Break-even
- Price that breaks even
- $318,639
- Rent that breaks even
- $4,615/mo
Long run
- Year 30: property vs stocks
- $1.20M vs $785K
- Cash flow turns positive
- year 9
The deal
- Price
- $375,000
- Cash to close
- $86,250
- Price per unit
- $93,750
- GRM
- 7.6
Each month
- Cash flow
- $47/mo
- Cash-on-cash
- 0.7%
- Cap rate
- 6.5%
- DSCR
- 1.02×
Break-even
- Price that breaks even
- $383,809
- Rent that breaks even
- $4,039/mo
Long run
- Year 30: property vs stocks
- $1.67M vs $657K
- Cash flow turns positive
- year 1
The deal
- Price
- $375,000
- Cash to close
- $86,250
- Price per unit
- $93,750
- GRM
- 7.6
Each month
- Cash flow
- −$300/mo
- Cash-on-cash
- −4.2%
- Cap rate
- 5.4%
- DSCR
- 0.85×
Break-even
- Price that breaks even
- $318,639
- Rent that breaks even
- $4,538/mo
Long run
- Year 30: property vs stocks
- $1.21M vs $741K
- Cash flow turns positive
- year 8
The deal
- Price
- $385,000
- Cash to close
- $107,800
- Price per unit
- $96,250
- GRM
- 7.8
Each month
- Cash flow
- $122/mo
- Cash-on-cash
- 1.4%
- Cap rate
- 6.4%
- DSCR
- 1.06×
Break-even
- Price that breaks even
- $409,396
- Rent that breaks even
- $3,942/mo
Long run
- Year 30: property vs stocks
- $1.78M vs $821K
- Cash flow turns positive
- year 1
The deal
- Price
- $385,000
- Cash to close
- $107,800
- Price per unit
- $96,250
- GRM
- 7.8
Each month
- Cash flow
- −$225/mo
- Cash-on-cash
- −2.5%
- Cap rate
- 5.3%
- DSCR
- 0.88×
Break-even
- Price that breaks even
- $339,882
- Rent that breaks even
- $4,428/mo
Long run
- Year 30: property vs stocks
- $1.29M vs $872K
- Cash flow turns positive
- year 6
The deal
- Price
- $375,000
- Cash to close
- $105,000
- Price per unit
- $93,750
- GRM
- 7.6
Each month
- Cash flow
- $172/mo
- Cash-on-cash
- 2.0%
- Cap rate
- 6.5%
- DSCR
- 1.09×
Break-even
- Price that breaks even
- $409,396
- Rent that breaks even
- $3,877/mo
Long run
- Year 30: property vs stocks
- $1.81M vs $799K
- Cash flow turns positive
- year 1
The deal
- Price
- $375,000
- Cash to close
- $105,000
- Price per unit
- $93,750
- GRM
- 7.6
Each month
- Cash flow
- −$175/mo
- Cash-on-cash
- −2.0%
- Cap rate
- 5.4%
- DSCR
- 0.91×
Break-even
- Price that breaks even
- $339,882
- Rent that breaks even
- $4,356/mo
Long run
- Year 30: property vs stocks
- $1.30M vs $833K
- Cash flow turns positive
- year 5
Monthly
Monthly breakdown
| Rent | $4,100 |
| Vacancy (6%) | −$246 |
| Collected | $3,854 |
| Property tax Listing | −$330 |
| Insurance Estimate | −$384 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (9% of rent) | −$369 |
| Capital reserve (8% of rent) | −$328 |
| Net operating income | $2,043 |
| Mortgage (principal + interest) | −$2,305 |
| PMI | −$217 |
| Cash flow | −$479 |
| Principal paid down (equity, not cash) | $293 |
| Rent | $4,100 |
| Vacancy (6%) | −$246 |
| Collected | $3,854 |
| Property tax Listing | −$330 |
| Insurance Estimate | −$384 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (9% of rent) | −$369 |
| Capital reserve (8% of rent) | −$328 |
| Property management | −$347 |
| Net operating income | $1,696 |
| Mortgage (principal + interest) | −$2,305 |
| PMI | −$217 |
| Cash flow | −$826 |
| Principal paid down (equity, not cash) | $293 |
| Rent | $4,100 |
| Vacancy (6%) | −$246 |
| Collected | $3,854 |
| Property tax Listing | −$330 |
| Insurance Estimate | −$384 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (9% of rent) | −$369 |
| Capital reserve (8% of rent) | −$328 |
| Net operating income | $2,043 |
| Mortgage (principal + interest) | −$2,245 |
| PMI | −$211 |
| Cash flow | −$414 |
| Principal paid down (equity, not cash) | $286 |
| Rent | $4,100 |
| Vacancy (6%) | −$246 |
| Collected | $3,854 |
| Property tax Listing | −$330 |
| Insurance Estimate | −$384 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (9% of rent) | −$369 |
| Capital reserve (8% of rent) | −$328 |
| Property management | −$347 |
| Net operating income | $1,696 |
| Mortgage (principal + interest) | −$2,245 |
| PMI | −$211 |
| Cash flow | −$760 |
| Principal paid down (equity, not cash) | $286 |
| Rent | $4,100 |
| Vacancy (6%) | −$246 |
| Collected | $3,854 |
| Property tax Listing | −$330 |
| Insurance Estimate | −$384 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (9% of rent) | −$369 |
| Capital reserve (8% of rent) | −$328 |
| Net operating income | $2,043 |
| Mortgage (principal + interest) | −$2,049 |
| Cash flow | −$6 |
| Principal paid down (equity, not cash) | $261 |
| Rent | $4,100 |
| Vacancy (6%) | −$246 |
| Collected | $3,854 |
| Property tax Listing | −$330 |
| Insurance Estimate | −$384 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (9% of rent) | −$369 |
| Capital reserve (8% of rent) | −$328 |
| Property management | −$347 |
| Net operating income | $1,696 |
| Mortgage (principal + interest) | −$2,049 |
| Cash flow | −$353 |
| Principal paid down (equity, not cash) | $261 |
| Rent | $4,100 |
| Vacancy (6%) | −$246 |
| Collected | $3,854 |
| Property tax Listing | −$330 |
| Insurance Estimate | −$384 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (9% of rent) | −$369 |
| Capital reserve (8% of rent) | −$328 |
| Net operating income | $2,043 |
| Mortgage (principal + interest) | −$1,996 |
| Cash flow | $47 |
| Principal paid down (equity, not cash) | $254 |
| Rent | $4,100 |
| Vacancy (6%) | −$246 |
| Collected | $3,854 |
| Property tax Listing | −$330 |
| Insurance Estimate | −$384 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (9% of rent) | −$369 |
| Capital reserve (8% of rent) | −$328 |
| Property management | −$347 |
| Net operating income | $1,696 |
| Mortgage (principal + interest) | −$1,996 |
| Cash flow | −$300 |
| Principal paid down (equity, not cash) | $254 |
| Rent | $4,100 |
| Vacancy (6%) | −$246 |
| Collected | $3,854 |
| Property tax Listing | −$330 |
| Insurance Estimate | −$384 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (9% of rent) | −$369 |
| Capital reserve (8% of rent) | −$328 |
| Net operating income | $2,043 |
| Mortgage (principal + interest) | −$1,921 |
| Cash flow | $122 |
| Principal paid down (equity, not cash) | $244 |
| Rent | $4,100 |
| Vacancy (6%) | −$246 |
| Collected | $3,854 |
| Property tax Listing | −$330 |
| Insurance Estimate | −$384 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (9% of rent) | −$369 |
| Capital reserve (8% of rent) | −$328 |
| Property management | −$347 |
| Net operating income | $1,696 |
| Mortgage (principal + interest) | −$1,921 |
| Cash flow | −$225 |
| Principal paid down (equity, not cash) | $244 |
| Rent | $4,100 |
| Vacancy (6%) | −$246 |
| Collected | $3,854 |
| Property tax Listing | −$330 |
| Insurance Estimate | −$384 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (9% of rent) | −$369 |
| Capital reserve (8% of rent) | −$328 |
| Net operating income | $2,043 |
| Mortgage (principal + interest) | −$1,871 |
| Cash flow | $172 |
| Principal paid down (equity, not cash) | $238 |
| Rent | $4,100 |
| Vacancy (6%) | −$246 |
| Collected | $3,854 |
| Property tax Listing | −$330 |
| Insurance Estimate | −$384 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (9% of rent) | −$369 |
| Capital reserve (8% of rent) | −$328 |
| Property management | −$347 |
| Net operating income | $1,696 |
| Mortgage (principal + interest) | −$1,871 |
| Cash flow | −$175 |
| Principal paid down (equity, not cash) | $238 |
Cash flow each year
Rents +3%/yr, costs +3.5%/yr. Red bars are months you'd cover out of pocket.
30 years
How those totals add up
- Your equity when you sell
- $878,426
- Rental profits, invested at 7%
- $520,243
Sells for $934,496 (value up 3% a year), minus 6% selling cost ($56,070). Rent paid down $346,500 of loan.
$291,112 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $380,993
- Monthly shortfalls, invested
- $125,394
$50,050 put into an index fund instead of the down payment and closing costs.
$19,279 you'd have paid in while the building lost money, invested instead.
The building comes out $892,283 ahead after 30 years.
- Your equity when you sell
- $878,426
- Rental profits, invested at 7%
- $196,960
Sells for $934,496 (value up 3% a year), minus 6% selling cost ($56,070). Rent paid down $346,500 of loan.
$132,819 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $380,993
- Monthly shortfalls, invested
- $341,650
$50,050 put into an index fund instead of the down payment and closing costs.
$59,011 you'd have paid in while the building lost money, invested instead.
The building comes out $352,743 ahead after 30 years.
- Your equity when you sell
- $855,610
- Rental profits, invested at 7%
- $567,595
Sells for $910,223 (value up 3% a year), minus 6% selling cost ($54,613). Rent paid down $337,500 of loan.
$309,426 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $371,097
- Monthly shortfalls, invested
- $103,132
$48,750 put into an index fund instead of the down payment and closing costs.
$15,767 you'd have paid in while the building lost money, invested instead.
The building comes out $948,975 ahead after 30 years.
- Your equity when you sell
- $855,610
- Rental profits, invested at 7%
- $222,110
Sells for $910,223 (value up 3% a year), minus 6% selling cost ($54,613). Rent paid down $337,500 of loan.
$145,966 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $371,097
- Monthly shortfalls, invested
- $297,187
$48,750 put into an index fund instead of the down payment and closing costs.
$50,332 you'd have paid in while the building lost money, invested instead.
The building comes out $409,435 ahead after 30 years.
- Your equity when you sell
- $878,426
- Rental profits, invested at 7%
- $752,742
Sells for $934,496 (value up 3% a year), minus 6% selling cost ($56,070). Rent paid down $308,000 of loan.
$374,515 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $674,065
- Monthly shortfalls, invested
- $541
$88,550 put into an index fund instead of the down payment and closing costs.
$76 you'd have paid in while the building lost money, invested instead.
The building comes out $956,562 ahead after 30 years.
- Your equity when you sell
- $878,426
- Rental profits, invested at 7%
- $323,657
Sells for $934,496 (value up 3% a year), minus 6% selling cost ($56,070). Rent paid down $308,000 of loan.
$194,292 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $674,065
- Monthly shortfalls, invested
- $110,996
$88,550 put into an index fund instead of the down payment and closing costs.
$17,878 you'd have paid in while the building lost money, invested instead.
The building comes out $417,022 ahead after 30 years.
- Your equity when you sell
- $855,610
- Rental profits, invested at 7%
- $812,532
Sells for $910,223 (value up 3% a year), minus 6% selling cost ($54,613). Rent paid down $300,000 of loan.
$393,599 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $656,557
$86,250 put into an index fund instead of the down payment and closing costs.
The building comes out $1,011,585 ahead after 30 years.
- Your equity when you sell
- $855,610
- Rental profits, invested at 7%
- $357,222
Sells for $910,223 (value up 3% a year), minus 6% selling cost ($54,613). Rent paid down $300,000 of loan.
$208,855 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $656,557
- Monthly shortfalls, invested
- $84,231
$86,250 put into an index fund instead of the down payment and closing costs.
$13,280 you'd have paid in while the building lost money, invested instead.
The building comes out $472,044 ahead after 30 years.
- Your equity when you sell
- $878,426
- Rental profits, invested at 7%
- $897,372
Sells for $934,496 (value up 3% a year), minus 6% selling cost ($56,070). Rent paid down $288,750 of loan.
$420,544 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $820,601
$107,800 put into an index fund instead of the down payment and closing costs.
The building comes out $955,198 ahead after 30 years.
- Your equity when you sell
- $878,426
- Rental profits, invested at 7%
- $409,711
Sells for $934,496 (value up 3% a year), minus 6% selling cost ($56,070). Rent paid down $288,750 of loan.
$230,450 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $820,601
- Monthly shortfalls, invested
- $51,879
$107,800 put into an index fund instead of the down payment and closing costs.
$7,930 you'd have paid in while the building lost money, invested instead.
The building comes out $415,658 ahead after 30 years.
- Your equity when you sell
- $855,610
- Rental profits, invested at 7%
- $953,933
Sells for $910,223 (value up 3% a year), minus 6% selling cost ($54,613). Rent paid down $281,250 of loan.
$438,507 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $799,287
$105,000 put into an index fund instead of the down payment and closing costs.
The building comes out $1,010,256 ahead after 30 years.
- Your equity when you sell
- $855,610
- Rental profits, invested at 7%
- $448,436
Sells for $910,223 (value up 3% a year), minus 6% selling cost ($54,613). Rent paid down $281,250 of loan.
$245,576 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $799,287
- Monthly shortfalls, invested
- $34,043
$105,000 put into an index fund instead of the down payment and closing costs.
$5,093 you'd have paid in while the building lost money, invested instead.
The building comes out $470,716 ahead after 30 years.
Future dollars. At 3% inflation, divide year-30 figures by about 2.4 for today's buying power. Rental profits are assumed invested, not spent.
30 years: this property vs. the same money in stocks
Year 30 (loan paid off): property $1.40M, stocks $506K. The property wins.
Year 30 (loan paid off): property $1.08M, stocks $723K. The property wins.
Year 30 (loan paid off): property $1.42M, stocks $474K. The property wins.
Year 30 (loan paid off): property $1.08M, stocks $668K. The property wins.
Year 30 (loan paid off): property $1.63M, stocks $675K. The property wins.
Year 30 (loan paid off): property $1.20M, stocks $785K. The property wins.
Year 30 (loan paid off): property $1.67M, stocks $657K. The property wins.
Year 30 (loan paid off): property $1.21M, stocks $741K. The property wins.
Year 30 (loan paid off): property $1.78M, stocks $821K. The property wins.
Year 30 (loan paid off): property $1.29M, stocks $872K. The property wins.
Year 30 (loan paid off): property $1.81M, stocks $799K. The property wins.
Year 30 (loan paid off): property $1.30M, stocks $833K. The property wins.
Comparable rentals
The closest rental listings with each unit's bedroom count, as of 2026-10-06. The estimate is the median asking rent of every rental we found nearby (the count is shown for each); houses are left out. Asking rents from Realtor.com rental listings, not signed leases.
3 bed estimate $1,025/mo · range $950–$1,750 · 9 rentals within 1.5 mi
| Address | Rent | Bd / Ba | Distance |
|---|---|---|---|
| 921 19th St S Apt 4, Moorhead | $1,000 | 3 / 1 | 0.1 mi |
| 1011 18 1/2 St S, Moorhead | $925 | 3 / 1 | 0.1 mi |
| 915-18 1/2 St S, Moorhead | $945 | 3 / 2 | 0.1 mi |
| 1810 12th Ave S, Moorhead | $925 | 3 / 1 | 0.1 mi |
| 1802 12th Ave S, Moorhead | $925 | 3 / 1 | 0.1 mi |
| 1521 1st Ave N, Moorhead | $1,440 | 3 / 2 | 0.9 mi |
| 1102 28th Ave S, Moorhead | $1,695 | 3 / 2 | 1.2 mi |
| 900 30th Ave S, Moorhead | $1,880 | 3 / 2 | 1.5 mi |
| 1402 Belsly Blvd, Moorhead | $1,695 | 3 / 2 | 1.5 mi |
On the maps, this property and comparable rentals. Comparable rentals and rent estimate: Realtor.com rental listings. Rents are asking rents from listings; check them against the actual leases.
Red flags and opportunities
Watch for
- highNo rents, expenses or lease terms given despite 'strong rental history' and 'solid cash flow' claims Listing says: offers solid cash flow and has seen numerous updates · AI review
- highOur underwriting shows negative cash flow at the asking price Based on: data: underwriting.cash_flow_monthly · AI review
- mediumCouldn't match this address to a county parcel record, so taxes and unit count are unverified. Public record: County parcels: no match for 1011 19TH ST S
- mediumVague update claims with no dates or permits; 'some newer appliances' implies others are old Listing says: some newer appliances · AI review
- lowCommon areas and units appear to have basic, older finishes; window A/C units suggest no central cooling Based on: photo 1 · AI review
Opportunities
- Long time on market: room to negotiate. Based on: Listing data: 143 days on market
- Price is above break-even and the listing is stale, so there is room to negotiate Based on: data: listing.days_on_market · AI review
- Location across from a new city park with pool and courts could support tenant demand and retention Listing says: directly across the street from a brand-new city park with a swimming pool, basketball courts, and playground equipment · AI review
- Four 3-bed units with no rent cap; rents can move with the market if current rents are low Based on: data: underwriting.rent_rule · AI review
Questions for the agent
- Can I see the current rent roll, lease end dates and trailing-12 income and expenses?
- Who pays heat, electric, water, sewer and trash, and how is each unit metered and heated?
- When were the roof and windows replaced, and were permits pulled?
- What are the annual property taxes and any special assessments?
- Is the building rental-licensed for four units, and when was the last inspection?
- Why has it been listed 143 days, and has the price changed?
Bottom line
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. AI-assisted summary
What the records say
Where each number comes from
| Property tax / yr Listinglisting, tax year 2026. The tax the listing states. If the seller lives there it may be at the lower homestead rate; an investor owner pays the non-homestead rate, often 20–40% more on the owner's unit. | $3,964 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $4,606 |
| Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid | $340 |
| Heat / mo Assumptionassumption. tenants pay heat; confirm with the agent | $0 |
| Lawn care / mo Assumptionassumption. $120/mo for 6 months, spread over 12; no snow removal | $60 |
| Repairs / capital reserve Rulerule. 12 bedrooms: +1 pt repairs for wear | 9% / 8% |
Price history Realtor.com
On the market since 2026-05-01 (157 days, relisted 1×); last sold for $255,000 on 2024-10-15; listed for rent at $1,090/mo on 2026-09-17.
| Date | Event | Price |
|---|---|---|
| Listed for rent | $1,090/mo | |
| Removed | — | |
| Relisted | $385,000 | |
| Removed | — | |
| Listed for rent | $1,090/mo | |
| Removed | — | |
| Listed | $385,000 | |
| Listed for rent | $1,090/mo | |
| Removed | — | |
| Listed for rent | $1,090/mo | |
| Removed | — | |
| Listed for rent | $1,070/mo | |
| Removed | — | |
| Listed for rent | $1,070/mo | |
| Removed | — | |
| Listed for rent | $1,070/mo | |
| Removed | — | |
| Rent changed | $1,070/mo | |
| Listed for rent | $1,120/mo | |
| Removed | — | |
| Listed for rent | $1,120/mo | |
| Sold public record | $255,000 | |
| Removed | — | |
| Listed | $275,000 | |
| Sold public record | $735,000 |
From the listing Listing
| Listed as | four plex |
| Property tax, 2026 | $3,964 |
| County | Clay |
| Parcel number | 586890800 |
As the listing states it (NorthstarMLS, via Realtor.com). We don't have county records here yet; check the tax, homestead status and special assessments with the county.
Crime, rental-license and vacant-building records are only available for St. Paul and Minneapolis so far. Check with Moorhead on rental licensing before you buy.