118 2nd St S
Duplex · 2 units: 2 bed / 1 bath and 1 bed / 1 bath · 742 sq ft
Virginia, MN · View the listing ↗
Photos courtesy of Z'Up North Realty, via Realtor.com.
- Asking price
- $56,900 2 units · $28K per unit
- Monthly cash flow
- $687 at 20% down, 7%
- Estimated rent
- $1,950/mo high confidence
- Break-even price
- $185,991 where cash flow hits $0
First look
At $56,900 for a duplex, the first question is what's wrong with it. Our numbers show about $687/mo cash flow and a 20.9% cap rate, but taxes and unit count are unverified, so don't trust that yet. It must be sold as a bundle with two other properties (116 2nd St S and 824 13th St N), so the real price and the real purchase are bigger than this one listing. The photos show worn siding, a rough porch and an older exterior, which fits the 'sweat equity' language. Get the rent roll, leases, bundle price and a full inspection before a showing is worth your time.
Things to consider
- Bundle requirement changes the deal You must finance and underwrite three properties, not one. The low price here may be offset by weaker assets in the package.Listing says: “Must be sold as a bundle with the neighboring property 116 2nd St. S Virginia and 824 13th St. N. Virginia.”
- Unverified rents and occupancy Cash flow of $687/mo rests on our estimates, not real rents. Actual rents or vacancy could differ a lot.Listing says: “This duplex is fully rented and welcoming a new owner.”
- Taxes and unit count unverified No county parcel match means taxes, legal unit count and rental licensing are unknown, and all could change the numbers.
- Exterior condition suggests deferred maintenance Worn siding, porch and stairs point to repair costs beyond the 'newer' HVAC and plumbing.From photo 1
- Sub-$100K price needs an explanation Low prices often reflect major problems. Inspect before trusting the yield.
From the photos
Based on 2 of the listing photos. Photos can hide as much as they show; an inspection is the real answer.
Condition and repairs
- neededGeneral sweat equity / cosmetic work neededListing says: great sweat equity opportunity as well with some imagining and elbow grease
- doneHVAC system updatedListing says: Newer updates include HVAC system, some plumbing.
- doneSome plumbing updatedListing says: Newer updates include HVAC system, some plumbing.
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
- $56,900
- Cash to close
- $7,397
- Price per unit
- $28,450
- GRM
- 2.4
Each month
- Cash flow
- $617/mo
- Cash-on-cash
- 100.1%
- Cap rate
- 20.9%
- DSCR
- 2.66×
Break-even
- Price that breaks even
- $151,128
- Rent that breaks even
- $1,148/mo
Long run
- Year 30: property vs stocks
- $1.23M vs $56K
- Cash flow turns positive
- year 1
The deal
- Price
- $56,900
- Cash to close
- $7,397
- Price per unit
- $28,450
- GRM
- 2.4
Each month
- Cash flow
- $452/mo
- Cash-on-cash
- 73.4%
- Cap rate
- 17.4%
- DSCR
- 2.21×
Break-even
- Price that breaks even
- $125,942
- Rent that breaks even
- $1,290/mo
Long run
- Year 30: property vs stocks
- $970K vs $56K
- Cash flow turns positive
- year 1
The deal
- Price
- $46,900
- Cash to close
- $6,097
- Price per unit
- $23,450
- GRM
- 2.0
Each month
- Cash flow
- $683/mo
- Cash-on-cash
- 134.4%
- Cap rate
- 25.3%
- DSCR
- 3.22×
Break-even
- Price that breaks even
- $151,128
- Rent that breaks even
- $1,063/mo
Long run
- Year 30: property vs stocks
- $1.27M vs $46K
- Cash flow turns positive
- year 1
The deal
- Price
- $46,900
- Cash to close
- $6,097
- Price per unit
- $23,450
- GRM
- 2.0
Each month
- Cash flow
- $518/mo
- Cash-on-cash
- 101.9%
- Cap rate
- 21.1%
- DSCR
- 2.69×
Break-even
- Price that breaks even
- $125,942
- Rent that breaks even
- $1,195/mo
Long run
- Year 30: property vs stocks
- $1.02M vs $46K
- Cash flow turns positive
- year 1
The deal
- Price
- $56,900
- Cash to close
- $13,087
- Price per unit
- $28,450
- GRM
- 2.4
Each month
- Cash flow
- $687/mo
- Cash-on-cash
- 63.0%
- Cap rate
- 20.9%
- DSCR
- 3.27×
Break-even
- Price that breaks even
- $185,991
- Rent that breaks even
- $1,058/mo
Long run
- Year 30: property vs stocks
- $1.28M vs $100K
- Cash flow turns positive
- year 1
The deal
- Price
- $56,900
- Cash to close
- $13,087
- Price per unit
- $28,450
- GRM
- 2.4
Each month
- Cash flow
- $522/mo
- Cash-on-cash
- 47.9%
- Cap rate
- 17.4%
- DSCR
- 2.72×
Break-even
- Price that breaks even
- $154,995
- Rent that breaks even
- $1,188/mo
Long run
- Year 30: property vs stocks
- $1.02M vs $100K
- Cash flow turns positive
- year 1
The deal
- Price
- $46,900
- Cash to close
- $10,787
- Price per unit
- $23,450
- GRM
- 2.0
Each month
- Cash flow
- $740/mo
- Cash-on-cash
- 82.4%
- Cap rate
- 25.3%
- DSCR
- 3.97×
Break-even
- Price that breaks even
- $185,991
- Rent that breaks even
- $989/mo
Long run
- Year 30: property vs stocks
- $1.32M vs $82K
- Cash flow turns positive
- year 1
The deal
- Price
- $46,900
- Cash to close
- $10,787
- Price per unit
- $23,450
- GRM
- 2.0
Each month
- Cash flow
- $575/mo
- Cash-on-cash
- 64.0%
- Cap rate
- 21.1%
- DSCR
- 3.30×
Break-even
- Price that breaks even
- $154,995
- Rent that breaks even
- $1,111/mo
Long run
- Year 30: property vs stocks
- $1.06M vs $82K
- Cash flow turns positive
- year 1
The deal
- Price
- $56,900
- Cash to close
- $15,932
- Price per unit
- $28,450
- GRM
- 2.4
Each month
- Cash flow
- $706/mo
- Cash-on-cash
- 53.2%
- Cap rate
- 20.9%
- DSCR
- 3.49×
Break-even
- Price that breaks even
- $198,390
- Rent that breaks even
- $1,033/mo
Long run
- Year 30: property vs stocks
- $1.30M vs $121K
- Cash flow turns positive
- year 1
The deal
- Price
- $56,900
- Cash to close
- $15,932
- Price per unit
- $28,450
- GRM
- 2.4
Each month
- Cash flow
- $541/mo
- Cash-on-cash
- 40.8%
- Cap rate
- 17.4%
- DSCR
- 2.91×
Break-even
- Price that breaks even
- $165,328
- Rent that breaks even
- $1,161/mo
Long run
- Year 30: property vs stocks
- $1.04M vs $121K
- Cash flow turns positive
- year 1
The deal
- Price
- $46,900
- Cash to close
- $13,132
- Price per unit
- $23,450
- GRM
- 2.0
Each month
- Cash flow
- $756/mo
- Cash-on-cash
- 69.1%
- Cap rate
- 25.3%
- DSCR
- 4.23×
Break-even
- Price that breaks even
- $198,390
- Rent that breaks even
- $968/mo
Long run
- Year 30: property vs stocks
- $1.33M vs $100K
- Cash flow turns positive
- year 1
The deal
- Price
- $46,900
- Cash to close
- $13,132
- Price per unit
- $23,450
- GRM
- 2.0
Each month
- Cash flow
- $591/mo
- Cash-on-cash
- 54.0%
- Cap rate
- 21.1%
- DSCR
- 3.53×
Break-even
- Price that breaks even
- $165,328
- Rent that breaks even
- $1,088/mo
Long run
- Year 30: property vs stocks
- $1.08M vs $100K
- Cash flow turns positive
- year 1
Monthly
Monthly breakdown
| Rent | $1,950 |
| Vacancy (6%) | −$117 |
| Collected | $1,833 |
| Property tax Estimate | −$100 |
| Insurance Estimate | −$182 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$156 |
| Capital reserve (9% of rent) | −$176 |
| Net operating income | $990 |
| Mortgage (principal + interest) | −$341 |
| PMI | −$32 |
| Cash flow | $617 |
| Principal paid down (equity, not cash) | $43 |
| Rent | $1,950 |
| Vacancy (6%) | −$117 |
| Collected | $1,833 |
| Property tax Estimate | −$100 |
| Insurance Estimate | −$182 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$156 |
| Capital reserve (9% of rent) | −$176 |
| Property management | −$165 |
| Net operating income | $825 |
| Mortgage (principal + interest) | −$341 |
| PMI | −$32 |
| Cash flow | $452 |
| Principal paid down (equity, not cash) | $43 |
| Rent | $1,950 |
| Vacancy (6%) | −$117 |
| Collected | $1,833 |
| Property tax Estimate | −$100 |
| Insurance Estimate | −$182 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$156 |
| Capital reserve (9% of rent) | −$176 |
| Net operating income | $990 |
| Mortgage (principal + interest) | −$281 |
| PMI | −$26 |
| Cash flow | $683 |
| Principal paid down (equity, not cash) | $36 |
| Rent | $1,950 |
| Vacancy (6%) | −$117 |
| Collected | $1,833 |
| Property tax Estimate | −$100 |
| Insurance Estimate | −$182 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$156 |
| Capital reserve (9% of rent) | −$176 |
| Property management | −$165 |
| Net operating income | $825 |
| Mortgage (principal + interest) | −$281 |
| PMI | −$26 |
| Cash flow | $518 |
| Principal paid down (equity, not cash) | $36 |
| Rent | $1,950 |
| Vacancy (6%) | −$117 |
| Collected | $1,833 |
| Property tax Estimate | −$100 |
| Insurance Estimate | −$182 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$156 |
| Capital reserve (9% of rent) | −$176 |
| Net operating income | $990 |
| Mortgage (principal + interest) | −$303 |
| Cash flow | $687 |
| Principal paid down (equity, not cash) | $39 |
| Rent | $1,950 |
| Vacancy (6%) | −$117 |
| Collected | $1,833 |
| Property tax Estimate | −$100 |
| Insurance Estimate | −$182 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$156 |
| Capital reserve (9% of rent) | −$176 |
| Property management | −$165 |
| Net operating income | $825 |
| Mortgage (principal + interest) | −$303 |
| Cash flow | $522 |
| Principal paid down (equity, not cash) | $39 |
| Rent | $1,950 |
| Vacancy (6%) | −$117 |
| Collected | $1,833 |
| Property tax Estimate | −$100 |
| Insurance Estimate | −$182 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$156 |
| Capital reserve (9% of rent) | −$176 |
| Net operating income | $990 |
| Mortgage (principal + interest) | −$250 |
| Cash flow | $740 |
| Principal paid down (equity, not cash) | $32 |
| Rent | $1,950 |
| Vacancy (6%) | −$117 |
| Collected | $1,833 |
| Property tax Estimate | −$100 |
| Insurance Estimate | −$182 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$156 |
| Capital reserve (9% of rent) | −$176 |
| Property management | −$165 |
| Net operating income | $825 |
| Mortgage (principal + interest) | −$250 |
| Cash flow | $575 |
| Principal paid down (equity, not cash) | $32 |
| Rent | $1,950 |
| Vacancy (6%) | −$117 |
| Collected | $1,833 |
| Property tax Estimate | −$100 |
| Insurance Estimate | −$182 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$156 |
| Capital reserve (9% of rent) | −$176 |
| Net operating income | $990 |
| Mortgage (principal + interest) | −$284 |
| Cash flow | $706 |
| Principal paid down (equity, not cash) | $36 |
| Rent | $1,950 |
| Vacancy (6%) | −$117 |
| Collected | $1,833 |
| Property tax Estimate | −$100 |
| Insurance Estimate | −$182 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$156 |
| Capital reserve (9% of rent) | −$176 |
| Property management | −$165 |
| Net operating income | $825 |
| Mortgage (principal + interest) | −$284 |
| Cash flow | $541 |
| Principal paid down (equity, not cash) | $36 |
| Rent | $1,950 |
| Vacancy (6%) | −$117 |
| Collected | $1,833 |
| Property tax Estimate | −$100 |
| Insurance Estimate | −$182 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$156 |
| Capital reserve (9% of rent) | −$176 |
| Net operating income | $990 |
| Mortgage (principal + interest) | −$234 |
| Cash flow | $756 |
| Principal paid down (equity, not cash) | $30 |
| Rent | $1,950 |
| Vacancy (6%) | −$117 |
| Collected | $1,833 |
| Property tax Estimate | −$100 |
| Insurance Estimate | −$182 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$156 |
| Capital reserve (9% of rent) | −$176 |
| Property management | −$165 |
| Net operating income | $825 |
| Mortgage (principal + interest) | −$234 |
| Cash flow | $591 |
| Principal paid down (equity, not cash) | $30 |
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
- $129,824
- Rental profits, invested at 7%
- $1,096,611
Sells for $138,111 (value up 3% a year), minus 6% selling cost ($8,287). Rent paid down $51,210 of loan.
$416,116 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $56,308
$7,397 put into an index fund instead of the down payment and closing costs.
The building comes out $1,170,127 ahead after 30 years.
- Your equity when you sell
- $129,824
- Rental profits, invested at 7%
- $840,000
Sells for $138,111 (value up 3% a year), minus 6% selling cost ($8,287). Rent paid down $51,210 of loan.
$321,934 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $56,308
$7,397 put into an index fund instead of the down payment and closing costs.
The building comes out $913,517 ahead after 30 years.
- Your equity when you sell
- $107,009
- Rental profits, invested at 7%
- $1,166,224
Sells for $113,839 (value up 3% a year), minus 6% selling cost ($6,830). Rent paid down $42,210 of loan.
$437,942 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $46,412
$6,097 put into an index fund instead of the down payment and closing costs.
The building comes out $1,226,820 ahead after 30 years.
- Your equity when you sell
- $107,009
- Rental profits, invested at 7%
- $909,613
Sells for $113,839 (value up 3% a year), minus 6% selling cost ($6,830). Rent paid down $42,210 of loan.
$343,760 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $46,412
$6,097 put into an index fund instead of the down payment and closing costs.
The building comes out $970,210 ahead after 30 years.
- Your equity when you sell
- $129,824
- Rental profits, invested at 7%
- $1,149,424
Sells for $138,111 (value up 3% a year), minus 6% selling cost ($8,287). Rent paid down $45,520 of loan.
$431,280 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $99,622
$13,087 put into an index fund instead of the down payment and closing costs.
The building comes out $1,179,627 ahead after 30 years.
- Your equity when you sell
- $129,824
- Rental profits, invested at 7%
- $892,814
Sells for $138,111 (value up 3% a year), minus 6% selling cost ($8,287). Rent paid down $45,520 of loan.
$337,098 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $99,622
$13,087 put into an index fund instead of the down payment and closing costs.
The building comes out $923,016 ahead after 30 years.
- Your equity when you sell
- $107,009
- Rental profits, invested at 7%
- $1,209,756
Sells for $113,839 (value up 3% a year), minus 6% selling cost ($6,830). Rent paid down $37,520 of loan.
$450,441 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $82,113
$10,787 put into an index fund instead of the down payment and closing costs.
The building comes out $1,234,651 ahead after 30 years.
- Your equity when you sell
- $107,009
- Rental profits, invested at 7%
- $953,145
Sells for $113,839 (value up 3% a year), minus 6% selling cost ($6,830). Rent paid down $37,520 of loan.
$356,259 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $82,113
$10,787 put into an index fund instead of the down payment and closing costs.
The building comes out $978,040 ahead after 30 years.
- Your equity when you sell
- $129,824
- Rental profits, invested at 7%
- $1,170,880
Sells for $138,111 (value up 3% a year), minus 6% selling cost ($8,287). Rent paid down $42,675 of loan.
$438,094 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $121,278
$15,932 put into an index fund instead of the down payment and closing costs.
The building comes out $1,179,426 ahead after 30 years.
- Your equity when you sell
- $129,824
- Rental profits, invested at 7%
- $914,269
Sells for $138,111 (value up 3% a year), minus 6% selling cost ($8,287). Rent paid down $42,675 of loan.
$343,912 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $121,278
$15,932 put into an index fund instead of the down payment and closing costs.
The building comes out $922,816 ahead after 30 years.
- Your equity when you sell
- $107,009
- Rental profits, invested at 7%
- $1,227,440
Sells for $113,839 (value up 3% a year), minus 6% selling cost ($6,830). Rent paid down $35,175 of loan.
$456,058 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $99,964
$13,132 put into an index fund instead of the down payment and closing costs.
The building comes out $1,234,484 ahead after 30 years.
- Your equity when you sell
- $107,009
- Rental profits, invested at 7%
- $970,830
Sells for $113,839 (value up 3% a year), minus 6% selling cost ($6,830). Rent paid down $35,175 of loan.
$361,875 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $99,964
$13,132 put into an index fund instead of the down payment and closing costs.
The building comes out $977,874 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 $1.23M, stocks $56K. The property wins.
Year 30 (loan paid off): property $970K, stocks $56K. The property wins.
Year 30 (loan paid off): property $1.27M, stocks $46K. The property wins.
Year 30 (loan paid off): property $1.02M, stocks $46K. The property wins.
Year 30 (loan paid off): property $1.28M, stocks $100K. The property wins.
Year 30 (loan paid off): property $1.02M, stocks $100K. The property wins.
Year 30 (loan paid off): property $1.32M, stocks $82K. The property wins.
Year 30 (loan paid off): property $1.06M, stocks $82K. The property wins.
Year 30 (loan paid off): property $1.30M, stocks $121K. The property wins.
Year 30 (loan paid off): property $1.04M, stocks $121K. The property wins.
Year 30 (loan paid off): property $1.33M, stocks $100K. The property wins.
Year 30 (loan paid off): property $1.08M, stocks $100K. The property wins.
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.
2 bed / 1 bath estimate $1,000/mo · range $950–$1,075
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 208 7th St S, Virginia 55792 off market | $1,200 | 2 / 1 | 0.3 mi | 98% |
| 110 Anderson Dr, # 44, Virginia 55792 | $1,065 | 2 / 1 | 2.1 mi | 94% |
| 206 S 4th Ave E, Unit 104, Virginia 55792 | $995 | 2 / 1 | 0.2 mi | 94% |
| 206 S 4th Ave W, Unit 112, Virginia 55792 off market | $995 | 2 / 1 | 0.2 mi | 94% |
| 206 S 4th Ave W, Unit 305, Virginia 55792 off market | $995 | 2 / 1 | 0.2 mi | 94% |
| 206 S 4th Ave W, Unit 308, Virginia 55792 off market | $995 | 2 / 1 | 0.2 mi | 94% |
| 206 S 4th Ave E, Unit 108, Virginia 55792 off market | $995 | 2 / 1 | 0.2 mi | 94% |
| 206 S 4th Ave W, Unit 203, Virginia 55792 off market | $995 | 2 / 1 | 0.2 mi | 94% |
| 206 S 4th Ave W, Unit 212, Virginia 55792 off market | $950 | 2 / 1 | 0.2 mi | 94% |
| 206 S 4th Ave, Apt 212, Virginia 55792 off market | $950 | 2 / 1 | 0.2 mi | 94% |
1 bed / 1 bath estimate $950/mo · range $850–$1,050
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 201 201 N 5th Ave W, -Ivy 201 Mnr Unit 103, Vir… off market | $840 | 1 / 1 | 0.3 mi | 95% |
| 201 N 5th Ave W, -Ivy 201-103 Mnr Apt 103, Virg… off market | $840 | 1 / 1 | 0.3 mi | 95% |
| 306 N 5th Ave W, Virginia 55792 off market | $900 | 1 / 1 | 0.4 mi | 94% |
| 408 S 7th Ave, Unit 2, Virginia 55792 off market | $940 | 1 / 1 | 0.5 mi | 94% |
| 104 5th St S, Virginia 55792 off market | $940 | 1 / 1 | 0.2 mi | 94% |
| 119 1st St N, Virginia 55792 off market | $1,230 | 1 / 1 | 0.2 mi | 94% |
| 408 5th St S, Unit 2, Virginia 55792 off market | $900 | 1 / 1 | 0.3 mi | 94% |
| 604 7th St S, Unit 2, Virginia 55792 | $850 | 1 / 1 | 0.5 mi | 93% |
| 606 7th St S, Unit 2, Virginia 55792 | $880 | 1 / 1 | 0.5 mi | 93% |
| 302 N 5th Ave Unit A, Virginia 55792 off market | $900 | 1 / 1 | 0.4 mi | 93% |
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
- highPriced under $100K: usually means major repairs, a fire or condemned building, a contract-for-deed or partial-interest sale, or a listing error. Find out why before anything else. Based on: Listing data: asking $56,900
- highMust be bought as a bundle with two other properties, so this one can't be bought alone Listing says: Must be sold as a bundle with the neighboring property 116 2nd St. S Virginia and 824 13th St. N. Virginia. · AI review
- highRents, lease terms and tenants are not given; 'fully rented' is unsupported Listing says: This duplex is fully rented and welcoming a new owner. · 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 118 2ND ST S
- mediumOnly 742 sq ft listed for a two-unit, 3-bed building; the size or unit count may be wrong Based on: data: listing.sqft · AI review
- lowOn the market 63 days at a very low price Based on: data: listing.days_on_market · AI review
Opportunities
- Sweat-equity upside if the building is sound and rents can be raised after cosmetic work Listing says: great sweat equity opportunity as well with some imagining and elbow grease · AI review
- Our rent estimates (~$1,950/mo combined) support a strong yield at this price if confirmed Based on: data: rent_estimate · AI review
- Bundle sale may give leverage to negotiate across all three properties Listing says: Bundle investment opportunity! · AI review
Questions for the agent
- What is the total price for the bundle, and can this property be priced separately?
- What are the current rents, lease terms and security deposits for each unit?
- Who pays heat, water and electric, and are the units separately metered?
- How old are the HVAC and plumbing updates, and what work was done?
- Is the duplex licensed as a rental with the city, and what are the actual property taxes?
- Why is the price so low: condition, liens, or seller situation?
Bottom line
Cheap on paper, but a forced three-property bundle with no rents and rough-looking exteriors means this is a due-diligence project, not a bargain yet. AI-assisted summary
What the records say
Where each number comes from
| Property tax / yr Estimateestimate. No tax record found; 2.1% of price. | $1,195 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $2,184 |
| 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 1906: +1 pt capital reserve | 8% / 9% |
Price history Realtor.com
On the market since 2026-08-03 (63 days).
| Date | Event | Price |
|---|---|---|
| Listed | $56,900 |
From the listing Listing
| Listed as | duplex |
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 Virginia on rental licensing before you buy.