12 Linney St
Babbitt, MN · View the listing ↗
Photos, via Realtor.com.
Needs more info before these numbers mean much. No reliable rent estimate: too few comparable rentals close by, and no RentCast estimate.
No rent estimate yet, so the numbers can't be run. Run it yourself in the calculator →
First look
This is a 4-unit in Babbitt at $425K, which works out to about $106K a door in a small, remote iron-range town. The listing gives no rents, no expenses and no tax figure, and we have no rent estimate or underwriting, so there is nothing to test the price against. It has sat 205 days and is 'back on the market', so ask why the first deal fell apart. The roofs, siding and windows look recently done, which helps, but 8 beds and 4 baths across 3,460 sq ft suggests the units are modest. Get the rent roll, leases, utility bills and tax bill before a showing, and have the agent explain who pays heat since it isn't stated.
Things to consider
- No income data to support the price At about $106K per unit, the rents need to be high for this to cash flow at today's rates. Without a rent roll you can't tell.Listing says: “all four units currently rented plus detached garages for additional income potential”
- Owner-occupied unit may not be a rental The description puts the fireplace and private laundry in the owner's unit. Confirm whether you'd be replacing that income with a market rent or occupying it yourself.Listing says: “private laundry and a cozy gas fireplace in the owner's unit”
- Recent exterior work reduces big near-term costs New roofs, siding and windows cut the biggest capital items. Verify ages, permits and who did the work.Listing says: “new roofs on both buildings, updated siding, fresh exterior paint, newer windows”
- Garages are a second income stream, but unproven A row of about 10 stalls can rent well in snow country, but the listing calls it only potential. Ask for actual garage rents.From photo 1
- 205 days and a relist signal pricing resistance Buyers or inspections may have balked. Use this to negotiate and ask what came up.
- Small remote market means thin tenant demand Babbitt tenant demand ties heavily to local employers, so vacancy risk is higher than in a metro.
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 roofs on both buildingsListing says: new roofs on both buildings, updated siding, fresh exterior paint, newer windows
- doneUpdated siding and fresh exterior paintListing says: new roofs on both buildings, updated siding, fresh exterior paint, newer windows
- doneNewer windowsListing says: new roofs on both buildings, updated siding, fresh exterior paint, newer windows
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.
Red flags and opportunities
Watch for
- highNo rents, expenses or lease terms given, so income can't be checked against the $425K price Listing says: all four units currently rented plus detached garages for additional income potential · 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 12 LINNEY ST
- mediumBack on the market after a prior deal apparently fell through; 205 days listed Listing says: BACK ON THE MARKET! · AI review
- mediumTaxes and unit count unverified; parcel not matched Based on: data: county.tax · AI review
- lowThe four units are split across two buildings; the garage income is described only as 'potential', not actual Listing says: new roofs on both buildings · AI review
Opportunities
- Long time on market: room to negotiate. Based on: Listing data: 205 days on market
- Detached garages could add rental income if not already leased Listing says: detached garages for additional income potential · AI review
- Recent exterior work lowers near-term capital needs Listing says: new roofs on both buildings, updated siding, fresh exterior paint, newer windows · 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?
- Why is it back on the market, and what happened with the previous contract?
- Who pays heat, electric, water, sewer and trash for each unit?
- How old are the roofs, windows and siding, and were permits pulled?
- What is the actual tax bill, and is there any special assessment?
- Are the garages rented now and at what rate?
Bottom line
Cosmetically updated 4-plex, but with no rents or expenses given and $106K a door in a tiny market, the price needs proof before it's worth a showing. AI-assisted summary
What the records say
Where each number comes from
Price history Realtor.com
On the market since 2026-03-14 (205 days); down $24,000 (5.3%) from the first ask of $449,000; last sold for $230,000 on 2022-04-01.
| Date | Event | Price |
|---|---|---|
| Relisted | $425,000 | |
| Listed | $425,000 | |
| Removed | $425,000 | |
| Removed | — | |
| Price changed | $425,000 | |
| Listed | $449,000 | |
| Sold | $230,000 | |
| Listed | $249,000 | |
| Listed | $249,000 | |
| Sold public record | $162,500 |
From the listing Listing
| Listed as | fourplex |
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 Babbitt on rental licensing before you buy.