1101 Jefferson St
Duplex · 2 units: 1 bed / 1 bath and studio / 1 bath unit split estimated · 1,134 sq ft
Alexandria, MN · View the listing ↗
Photos courtesy of Kvale Real Estate, via Realtor.com.
- Asking price
- $189,900 2 units · $95K per unit
- Monthly cash flow
- −$224 at 20% down, 7%
- Estimated rent
- $1,750/mo medium confidence
- Break-even price
- $147,899 where cash flow hits $0
First look
This is a small 1916 duplex in Alexandria listed at $189,900 after 329 days on market, and our underwriting shows about -$224 a month at 20% down and asking price. The cap rate is roughly 5%, and break-even price is about $147,900, so there is real room to negotiate, and it only works near that number. The listing gives no rents, no lease status, no taxes and no utility info, and we could not match the county parcel. Photos show a lower unit that looks updated and an upper unit that looks dated and cramped. Get the rent roll, the tax bill and the heat setup before you spend time on a showing; if the numbers hold up at a lower price, it could be worth seeing.
Things to consider
- Negative cash flow at asking Underwriting shows about -$224 a month with a cap rate near 5%. The deal needs a lower price, or rents above our estimate.
- No rents or lease information Our estimates are about $875 per 1-bed unit. Without actual rents and lease terms you can't confirm income.
- Seller has had 329 days without a deal A long listing suggests the price is too high, which gives room to negotiate toward break-even near $147,900.
- Condition is uneven between units The main floor looks updated while the upper looks dated, so budget for a refresh before you push upper-unit rent.From photo 10
- Taxes and unit legality unverified No parcel match means taxes, unit count and rental licensing need checking, and each could change the numbers.
- Heat and utilities unknown If the owner pays shared heat or water, expenses rise. Separate meters would help cash flow.
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
- doneMain-floor unit recently updatedListing says: MF unit has recently been updated and there's a nice porch area to enjoy
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
- $189,900
- Cash to close
- $24,687
- Price per unit
- $94,950
- GRM
- 9.0
Each month
- Cash flow
- −$457/mo
- Cash-on-cash
- −22.2%
- Cap rate
- 5.0%
- DSCR
- 0.63×
Break-even
- Price that breaks even
- $120,176
- Rent that breaks even
- $2,343/mo
Long run
- Year 30: property vs stocks
- $498K vs $402K
- Cash flow turns positive
- year 16
The deal
- Price
- $189,900
- Cash to close
- $24,687
- Price per unit
- $94,950
- GRM
- 9.0
Each month
- Cash flow
- −$605/mo
- Cash-on-cash
- −29.4%
- Cap rate
- 4.0%
- DSCR
- 0.51×
Break-even
- Price that breaks even
- $97,574
- Rent that breaks even
- $2,632/mo
Long run
- Year 30: property vs stocks
- $441K vs $575K
- Cash flow turns positive
- year 25
The deal
- Price
- $179,900
- Cash to close
- $23,387
- Price per unit
- $89,950
- GRM
- 8.6
Each month
- Cash flow
- −$391/mo
- Cash-on-cash
- −20.1%
- Cap rate
- 5.3%
- DSCR
- 0.67×
Break-even
- Price that breaks even
- $120,176
- Rent that breaks even
- $2,258/mo
Long run
- Year 30: property vs stocks
- $496K vs $343K
- Cash flow turns positive
- year 14
The deal
- Price
- $179,900
- Cash to close
- $23,387
- Price per unit
- $89,950
- GRM
- 8.6
Each month
- Cash flow
- −$539/mo
- Cash-on-cash
- −27.7%
- Cap rate
- 4.3%
- DSCR
- 0.54×
Break-even
- Price that breaks even
- $97,574
- Rent that breaks even
- $2,537/mo
Long run
- Year 30: property vs stocks
- $425K vs $502K
- Cash flow turns positive
- year 22
The deal
- Price
- $189,900
- Cash to close
- $43,677
- Price per unit
- $94,950
- GRM
- 9.0
Each month
- Cash flow
- −$224/mo
- Cash-on-cash
- −6.1%
- Cap rate
- 5.0%
- DSCR
- 0.78×
Break-even
- Price that breaks even
- $147,899
- Rent that breaks even
- $2,040/mo
Long run
- Year 30: property vs stocks
- $548K vs $420K
- Cash flow turns positive
- year 11
The deal
- Price
- $189,900
- Cash to close
- $43,677
- Price per unit
- $94,950
- GRM
- 9.0
Each month
- Cash flow
- −$372/mo
- Cash-on-cash
- −10.2%
- Cap rate
- 4.0%
- DSCR
- 0.63×
Break-even
- Price that breaks even
- $120,082
- Rent that breaks even
- $2,292/mo
Long run
- Year 30: property vs stocks
- $458K vs $561K
- Cash flow turns positive
- year 20
The deal
- Price
- $179,900
- Cash to close
- $41,377
- Price per unit
- $89,950
- GRM
- 8.6
Each month
- Cash flow
- −$170/mo
- Cash-on-cash
- −4.9%
- Cap rate
- 5.3%
- DSCR
- 0.82×
Break-even
- Price that breaks even
- $147,899
- Rent that breaks even
- $1,971/mo
Long run
- Year 30: property vs stocks
- $553K vs $370K
- Cash flow turns positive
- year 9
The deal
- Price
- $179,900
- Cash to close
- $41,377
- Price per unit
- $89,950
- GRM
- 8.6
Each month
- Cash flow
- −$318/mo
- Cash-on-cash
- −9.2%
- Cap rate
- 4.3%
- DSCR
- 0.67×
Break-even
- Price that breaks even
- $120,082
- Rent that breaks even
- $2,215/mo
Long run
- Year 30: property vs stocks
- $447K vs $495K
- Cash flow turns positive
- year 18
The deal
- Price
- $189,900
- Cash to close
- $53,172
- Price per unit
- $94,950
- GRM
- 9.0
Each month
- Cash flow
- −$160/mo
- Cash-on-cash
- −3.6%
- Cap rate
- 5.0%
- DSCR
- 0.83×
Break-even
- Price that breaks even
- $157,759
- Rent that breaks even
- $1,958/mo
Long run
- Year 30: property vs stocks
- $582K vs $455K
- Cash flow turns positive
- year 9
The deal
- Price
- $189,900
- Cash to close
- $53,172
- Price per unit
- $94,950
- GRM
- 9.0
Each month
- Cash flow
- −$308/mo
- Cash-on-cash
- −7.0%
- Cap rate
- 4.0%
- DSCR
- 0.67×
Break-even
- Price that breaks even
- $128,088
- Rent that breaks even
- $2,200/mo
Long run
- Year 30: property vs stocks
- $473K vs $576K
- Cash flow turns positive
- year 17
The deal
- Price
- $179,900
- Cash to close
- $50,372
- Price per unit
- $89,950
- GRM
- 8.6
Each month
- Cash flow
- −$110/mo
- Cash-on-cash
- −2.6%
- Cap rate
- 5.3%
- DSCR
- 0.88×
Break-even
- Price that breaks even
- $157,759
- Rent that breaks even
- $1,893/mo
Long run
- Year 30: property vs stocks
- $592K vs $410K
- Cash flow turns positive
- year 7
The deal
- Price
- $179,900
- Cash to close
- $50,372
- Price per unit
- $89,950
- GRM
- 8.6
Each month
- Cash flow
- −$259/mo
- Cash-on-cash
- −6.2%
- Cap rate
- 4.3%
- DSCR
- 0.71×
Break-even
- Price that breaks even
- $128,088
- Rent that breaks even
- $2,127/mo
Long run
- Year 30: property vs stocks
- $465K vs $513K
- Cash flow turns positive
- year 15
Monthly
Monthly breakdown
| Rent | $1,750 |
| Vacancy (6%) | −$105 |
| Collected | $1,645 |
| Property tax Listing | −$139 |
| Insurance Estimate | −$191 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$140 |
| Capital reserve (9% of rent) | −$158 |
| Net operating income | $787 |
| Mortgage (principal + interest) | −$1,137 |
| PMI | −$107 |
| Cash flow | −$457 |
| Principal paid down (equity, not cash) | $145 |
| Rent | $1,750 |
| Vacancy (6%) | −$105 |
| Collected | $1,645 |
| Property tax Listing | −$139 |
| Insurance Estimate | −$191 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$140 |
| Capital reserve (9% of rent) | −$158 |
| Property management | −$148 |
| Net operating income | $639 |
| Mortgage (principal + interest) | −$1,137 |
| PMI | −$107 |
| Cash flow | −$605 |
| Principal paid down (equity, not cash) | $145 |
| Rent | $1,750 |
| Vacancy (6%) | −$105 |
| Collected | $1,645 |
| Property tax Listing | −$139 |
| Insurance Estimate | −$191 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$140 |
| Capital reserve (9% of rent) | −$158 |
| Net operating income | $787 |
| Mortgage (principal + interest) | −$1,077 |
| PMI | −$101 |
| Cash flow | −$391 |
| Principal paid down (equity, not cash) | $137 |
| Rent | $1,750 |
| Vacancy (6%) | −$105 |
| Collected | $1,645 |
| Property tax Listing | −$139 |
| Insurance Estimate | −$191 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$140 |
| Capital reserve (9% of rent) | −$158 |
| Property management | −$148 |
| Net operating income | $639 |
| Mortgage (principal + interest) | −$1,077 |
| PMI | −$101 |
| Cash flow | −$539 |
| Principal paid down (equity, not cash) | $137 |
| Rent | $1,750 |
| Vacancy (6%) | −$105 |
| Collected | $1,645 |
| Property tax Listing | −$139 |
| Insurance Estimate | −$191 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$140 |
| Capital reserve (9% of rent) | −$158 |
| Net operating income | $787 |
| Mortgage (principal + interest) | −$1,011 |
| Cash flow | −$224 |
| Principal paid down (equity, not cash) | $129 |
| Rent | $1,750 |
| Vacancy (6%) | −$105 |
| Collected | $1,645 |
| Property tax Listing | −$139 |
| Insurance Estimate | −$191 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$140 |
| Capital reserve (9% of rent) | −$158 |
| Property management | −$148 |
| Net operating income | $639 |
| Mortgage (principal + interest) | −$1,011 |
| Cash flow | −$372 |
| Principal paid down (equity, not cash) | $129 |
| Rent | $1,750 |
| Vacancy (6%) | −$105 |
| Collected | $1,645 |
| Property tax Listing | −$139 |
| Insurance Estimate | −$191 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$140 |
| Capital reserve (9% of rent) | −$158 |
| Net operating income | $787 |
| Mortgage (principal + interest) | −$958 |
| Cash flow | −$170 |
| Principal paid down (equity, not cash) | $122 |
| Rent | $1,750 |
| Vacancy (6%) | −$105 |
| Collected | $1,645 |
| Property tax Listing | −$139 |
| Insurance Estimate | −$191 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$140 |
| Capital reserve (9% of rent) | −$158 |
| Property management | −$148 |
| Net operating income | $639 |
| Mortgage (principal + interest) | −$958 |
| Cash flow | −$318 |
| Principal paid down (equity, not cash) | $122 |
| Rent | $1,750 |
| Vacancy (6%) | −$105 |
| Collected | $1,645 |
| Property tax Listing | −$139 |
| Insurance Estimate | −$191 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$140 |
| Capital reserve (9% of rent) | −$158 |
| Net operating income | $787 |
| Mortgage (principal + interest) | −$948 |
| Cash flow | −$160 |
| Principal paid down (equity, not cash) | $121 |
| Rent | $1,750 |
| Vacancy (6%) | −$105 |
| Collected | $1,645 |
| Property tax Listing | −$139 |
| Insurance Estimate | −$191 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$140 |
| Capital reserve (9% of rent) | −$158 |
| Property management | −$148 |
| Net operating income | $639 |
| Mortgage (principal + interest) | −$948 |
| Cash flow | −$308 |
| Principal paid down (equity, not cash) | $121 |
| Rent | $1,750 |
| Vacancy (6%) | −$105 |
| Collected | $1,645 |
| Property tax Listing | −$139 |
| Insurance Estimate | −$191 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$140 |
| Capital reserve (9% of rent) | −$158 |
| Net operating income | $787 |
| Mortgage (principal + interest) | −$898 |
| Cash flow | −$110 |
| Principal paid down (equity, not cash) | $114 |
| Rent | $1,750 |
| Vacancy (6%) | −$105 |
| Collected | $1,645 |
| Property tax Listing | −$139 |
| Insurance Estimate | −$191 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$140 |
| Capital reserve (9% of rent) | −$158 |
| Property management | −$148 |
| Net operating income | $639 |
| Mortgage (principal + interest) | −$898 |
| Cash flow | −$259 |
| Principal paid down (equity, not cash) | $114 |
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
- $433,281
- Rental profits, invested at 7%
- $64,775
Sells for $460,937 (value up 3% a year), minus 6% selling cost ($27,656). Rent paid down $170,910 of loan.
$46,516 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $187,924
- Monthly shortfalls, invested
- $213,870
$24,687 put into an index fund instead of the down payment and closing costs.
$38,796 you'd have paid in while the building lost money, invested instead.
The building comes out $96,261 ahead after 30 years.
- Your equity when you sell
- $433,281
- Rental profits, invested at 7%
- $7,638
Sells for $460,937 (value up 3% a year), minus 6% selling cost ($27,656). Rent paid down $170,910 of loan.
$6,826 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $187,924
- Monthly shortfalls, invested
- $387,025
$24,687 put into an index fund instead of the down payment and closing costs.
$83,629 you'd have paid in while the building lost money, invested instead.
Stocks come out $134,030 ahead after 30 years.
- Your equity when you sell
- $410,465
- Rental profits, invested at 7%
- $85,517
Sells for $436,665 (value up 3% a year), minus 6% selling cost ($26,200). Rent paid down $161,910 of loan.
$58,246 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $178,028
- Monthly shortfalls, invested
- $165,000
$23,387 put into an index fund instead of the down payment and closing costs.
$28,701 you'd have paid in while the building lost money, invested instead.
The building comes out $152,955 ahead after 30 years.
- Your equity when you sell
- $410,465
- Rental profits, invested at 7%
- $14,268
Sells for $436,665 (value up 3% a year), minus 6% selling cost ($26,200). Rent paid down $161,910 of loan.
$12,107 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $178,028
- Monthly shortfalls, invested
- $324,042
$23,387 put into an index fund instead of the down payment and closing costs.
$67,085 you'd have paid in while the building lost money, invested instead.
Stocks come out $77,337 ahead after 30 years.
- Your equity when you sell
- $433,281
- Rental profits, invested at 7%
- $114,438
Sells for $460,937 (value up 3% a year), minus 6% selling cost ($27,656). Rent paid down $151,920 of loan.
$73,126 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $332,480
- Monthly shortfalls, invested
- $87,271
$43,677 put into an index fund instead of the down payment and closing costs.
$14,797 you'd have paid in while the building lost money, invested instead.
The building comes out $127,967 ahead after 30 years.
- Your equity when you sell
- $433,281
- Rental profits, invested at 7%
- $25,080
Sells for $460,937 (value up 3% a year), minus 6% selling cost ($27,656). Rent paid down $151,920 of loan.
$19,957 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $332,480
- Monthly shortfalls, invested
- $228,205
$43,677 put into an index fund instead of the down payment and closing costs.
$46,150 you'd have paid in while the building lost money, invested instead.
Stocks come out $102,324 ahead after 30 years.
- Your equity when you sell
- $410,465
- Rental profits, invested at 7%
- $142,918
Sells for $436,665 (value up 3% a year), minus 6% selling cost ($26,200). Rent paid down $143,920 of loan.
$86,484 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $314,972
- Monthly shortfalls, invested
- $55,421
$41,377 put into an index fund instead of the down payment and closing costs.
$8,993 you'd have paid in while the building lost money, invested instead.
The building comes out $182,990 ahead after 30 years.
- Your equity when you sell
- $410,465
- Rental profits, invested at 7%
- $36,789
Sells for $436,665 (value up 3% a year), minus 6% selling cost ($26,200). Rent paid down $143,920 of loan.
$27,740 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $314,972
- Monthly shortfalls, invested
- $179,583
$41,377 put into an index fund instead of the down payment and closing costs.
$34,773 you'd have paid in while the building lost money, invested instead.
Stocks come out $47,301 ahead after 30 years.
- Your equity when you sell
- $433,281
- Rental profits, invested at 7%
- $148,767
Sells for $460,937 (value up 3% a year), minus 6% selling cost ($27,656). Rent paid down $142,425 of loan.
$89,109 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $404,759
- Monthly shortfalls, invested
- $49,995
$53,172 put into an index fund instead of the down payment and closing costs.
$8,039 you'd have paid in while the building lost money, invested instead.
The building comes out $127,294 ahead after 30 years.
- Your equity when you sell
- $433,281
- Rental profits, invested at 7%
- $39,355
Sells for $460,937 (value up 3% a year), minus 6% selling cost ($27,656). Rent paid down $142,425 of loan.
$29,359 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $404,759
- Monthly shortfalls, invested
- $170,875
$53,172 put into an index fund instead of the down payment and closing costs.
$32,811 you'd have paid in while the building lost money, invested instead.
Stocks come out $102,997 ahead after 30 years.
- Your equity when you sell
- $410,465
- Rental profits, invested at 7%
- $181,877
Sells for $436,665 (value up 3% a year), minus 6% selling cost ($26,200). Rent paid down $134,925 of loan.
$103,113 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $383,445
- Monthly shortfalls, invested
- $26,544
$50,372 put into an index fund instead of the down payment and closing costs.
$4,080 you'd have paid in while the building lost money, invested instead.
The building comes out $182,353 ahead after 30 years.
- Your equity when you sell
- $410,465
- Rental profits, invested at 7%
- $54,176
Sells for $436,665 (value up 3% a year), minus 6% selling cost ($26,200). Rent paid down $134,925 of loan.
$38,245 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $383,445
- Monthly shortfalls, invested
- $129,135
$50,372 put into an index fund instead of the down payment and closing costs.
$23,734 you'd have paid in while the building lost money, invested instead.
Stocks come out $47,939 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 $498K, stocks $402K. The property wins.
Year 30 (loan paid off): property $441K, stocks $575K. Stocks win.
Year 30 (loan paid off): property $496K, stocks $343K. The property wins.
Year 30 (loan paid off): property $425K, stocks $502K. Stocks win.
Year 30 (loan paid off): property $548K, stocks $420K. The property wins.
Year 30 (loan paid off): property $458K, stocks $561K. Stocks win.
Year 30 (loan paid off): property $553K, stocks $370K. The property wins.
Year 30 (loan paid off): property $447K, stocks $495K. Stocks win.
Year 30 (loan paid off): property $582K, stocks $455K. The property wins.
Year 30 (loan paid off): property $473K, stocks $576K. Stocks win.
Year 30 (loan paid off): property $592K, stocks $410K. The property wins.
Year 30 (loan paid off): property $465K, stocks $513K. Stocks win.
Comparable rentals
Nearby rentals RentCast matched to each unit type, as of 2026-10-05. The estimate above is RentCast's, weighted toward the closest matches.
1 bed / 1 bath estimate $875/mo · range $775–$950
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 1021 Elm St, Alexandria 56308 off market | $950 | 1 / 1 | 0.4 mi | 93% |
| 619 Broadway St, Alexandria 56308 off market | $725 | 1 / 1 | 0.4 mi | 93% |
| 305 4th Ave E, Apt 9, Alexandria 56308 | $685 | 1 / 1 | 0.6 mi | 93% |
| 305 4th Ave E, Apt 7, Alexandria 56308 | $900 | 1 / 1 | 0.6 mi | 93% |
| 305 4th Ave E, Apt 8, Alexandria 56308 off market | $650 | 1 / 1 | 0.6 mi | 93% |
| 411 Elm St, Apt 1, Alexandria 56308 | $875 | 1 / 1 | 0.6 mi | 93% |
| 411 Elm St, Apt 2, Alexandria 56308 off market | $850 | 1 / 1 | 0.6 mi | 93% |
| 747 Wild West Ln SW, Unit 1, Alexandria 56308 off market | $875 | 1 / 1 | 1.3 mi | 92% |
| 910 34th Ave W, Apt 28, Alexandria 56308 off market | $950 | 1 / 1 | 1.7 mi | 91% |
| 910 34th Ave W Unit W, Alexandria 56308 off market | $900 | 1 / 1 | 1.7 mi | 91% |
0 bed / 1 bath estimate $875/mo · range $825–$950
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 1420 Jefferson St, Apt 5, Alexandria 56308 | $800 | 0 / 1 | 0.3 mi | 94% |
| 221 6th Ave E, Apt 3, Alexandria 56308 off market | $815 | 0 / 1 | 0.4 mi | 93% |
| 303 6th Ave W, Apt 5, Alexandria 56308 off market | $950 | 0 / 1 | 0.6 mi | 93% |
| 910 34th Ave W, Apt 25, Alexandria 56308 | $825 | 0 / 1 | 1.7 mi | 92% |
| 910 34th Ave W, Apt 24, Alexandria 56308 | $825 | 0 / 1 | 1.7 mi | 92% |
| 910 34th Ave W, Apt 29, Alexandria 56308 off market | $825 | 0 / 1 | 1.7 mi | 91% |
| 910 34th Ave W, Alexandria 56308 off market | $950 | 0 / 1 | 1.7 mi | 91% |
| 910 34th Ave W, Apt 3, Alexandria 56308 off market | $750 | 0 / 1 | 1.7 mi | 91% |
| 1420 Jefferson St, Apt 21, Alexandria 56308 | $950 | 0 / — | 0.3 mi | 91% |
| 1420 Jefferson St, Apt 28, Alexandria 56308 | $950 | 0 / — | 0.3 mi | 91% |
On the maps, this property and comparable rentals. Comparable rentals and rent estimate: RentCast. Rents are asking rents from listings; check them against the actual leases.
Red flags and opportunities
Watch for
- highNo rents, lease terms or occupancy given, so income is unverified Based on: data: rent_estimate · AI review
- highNegative cash flow at 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 1101 JEFFERSON ST
- mediumUpper unit looks dated and cramped, with a second sink, mixed fixtures and a sloped ceiling Based on: photo 10 · AI review
Opportunities
- Long time on market: room to negotiate. Based on: Listing data: 329 days on market
- Owner-occupy one unit and rent the other to offset the mortgage Listing says: perfect for an investor or that person who wants to live in one unit and have the other unit help pay for the mortgage · AI review
- Price room: 329 days on market and break-even is well below ask Based on: data: underwriting.break_even_price · AI review
- Double attached garage can support rent or tenant-paid parking Listing says: 2 one bedroom units with a double attached garage · AI review
- Corner lot near a college supports steady rental demand Listing says: Duplex close to Alex College perfect for an investor · AI review
Questions for the agent
- What are the current rents and lease end dates for each unit, and can I see the rent roll and leases?
- Who pays heat, water, electric and trash, and are there separate meters and furnaces?
- What are the annual taxes, and are there any special assessments?
- Is the upper unit a legal, licensed rental with proper egress, and does Alexandria require a rental license?
- How old are the roof, furnace, water heaters and electrical panels?
- Why has it sat 329 days, and has the seller had offers or cut the price?
Bottom line
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. AI-assisted summary
What the records say
Where each number comes from
| Property tax / yr Listinglisting, tax year 2025. 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. | $1,672 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $2,292 |
| Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid | $170 |
| 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. built 1916: +1 pt capital reserve | 8% / 9% |
Price history Realtor.com
On the market since 2025-11-10 (329 days); down $20,000 (9.5%) from the first ask of $209,900; last sold for $149,000 on 2022-12-19.
| Date | Event | Price |
|---|---|---|
| Price changed | $189,900 | |
| Listed | $209,900 | |
| Sold | $149,000 | |
| Removed | — | |
| Listed | $155,000 | |
| Sold public record | $85,000 | |
| Sold | $65,000 |
From the listing Listing
| Listed as | duplex up and down |
| Property tax, 2025 | $1,672 |
| County | Douglas |
| Parcel number | 631682000 |
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 Alexandria on rental licensing before you buy.