1514 Maryland Ave E
Duplex · 2 units: 2 bed / 1 bath ×2 unit split estimated · 1,440 sq ft
Saint Paul, MN · Greater East Side · View the listing ↗
Photos, via Realtor.com.
- Asking price
- $195,000 2 units · $98K per unit
- Monthly cash flow
- −$45 at 20% down, 7%
- Estimated rent
- $2,300/mo medium confidence
- Break-even price
- $186,498 where cash flow hits $0
First look
This is a half-finished renovation, not a rental. The listing sells it as 'finish the project and build instant equity,' but nobody is paying rent today and the work is unpriced. At the $195K ask, our model shows about -$45/mo cash flow before any rehab, with a break-even price near $186K. That assumes the building is finished and rented at roughly $1,150 per unit, so rehab cost and lost rent come on top. The seller paid $165K in 2023, so ask what was done since. Check the permits, the rental license status and the scope of work before a showing. Only look if you can price the rehab with a contractor and the deal still works.
Things to consider
- Rehab cost is the biggest unknown Our underwriting assumes a finished, rented building. Any rehab budget, plus months without rent, comes on top of a deal already near break-even.Listing says: “Come finish the project and build instant equity!”
- Numbers are thin even at completion About -$45/mo at ask and a break-even price of $186K mean the price needs to drop to make sense for a buy-and-hold.
- Rental licensing is unconfirmed No rental certificate is on file, so you cannot legally rent until inspection and licensing are done, which can delay income and add required repairs.
- Rents are capped for sitting tenants only With a vacant, newly finished building, you may set initial rents near market, about $1,150 per unit, but later increases are limited to 3% a year.
- Lot and garage add real value Off-street parking and a shop are uncommon for a small multifamily in this area and could help with tenant demand or extra income.Listing says: “a massive 0.35 acre lot and a large oversized garage + shop”
From the photos
Based on 1 of the listing photos. Photos can hide as much as they show; an inspection is the real answer.
Condition and repairs
- neededDuplex remodel unfinished; buyer must complete the projectListing says: Here is your chance to finish remodeling a duplex
- neededKitchen cabinets, doors and windows are on site, not yet installedListing says: All supplies on site are included in the sale: kitchen cabinets, doors, windows, etc.
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
- $195,000
- Cash to close
- $25,350
- Price per unit
- $97,500
- GRM
- 7.1
Each month
- Cash flow
- −$285/mo
- Cash-on-cash
- −13.5%
- Cap rate
- 6.1%
- DSCR
- 0.78×
Break-even
- Price that breaks even
- $151,540
- Rent that breaks even
- $2,670/mo
Long run
- Year 30: property vs stocks
- $644K vs $277K
- Cash flow turns positive
- year 8
The deal
- Price
- $195,000
- Cash to close
- $25,350
- Price per unit
- $97,500
- GRM
- 7.1
Each month
- Cash flow
- −$479/mo
- Cash-on-cash
- −22.7%
- Cap rate
- 4.9%
- DSCR
- 0.62×
Break-even
- Price that breaks even
- $121,834
- Rent that breaks even
- $2,999/mo
Long run
- Year 30: property vs stocks
- $494K vs $430K
- Cash flow turns positive
- year 17
The deal
- Price
- $185,000
- Cash to close
- $24,050
- Price per unit
- $92,500
- GRM
- 6.7
Each month
- Cash flow
- −$219/mo
- Cash-on-cash
- −10.9%
- Cap rate
- 6.4%
- DSCR
- 0.82×
Break-even
- Price that breaks even
- $151,540
- Rent that breaks even
- $2,585/mo
Long run
- Year 30: property vs stocks
- $663K vs $240K
- Cash flow turns positive
- year 6
The deal
- Price
- $185,000
- Cash to close
- $24,050
- Price per unit
- $92,500
- GRM
- 6.7
Each month
- Cash flow
- −$414/mo
- Cash-on-cash
- −20.6%
- Cap rate
- 5.2%
- DSCR
- 0.66×
Break-even
- Price that breaks even
- $121,834
- Rent that breaks even
- $2,904/mo
Long run
- Year 30: property vs stocks
- $489K vs $368K
- Cash flow turns positive
- year 15
The deal
- Price
- $195,000
- Cash to close
- $44,850
- Price per unit
- $97,500
- GRM
- 7.1
Each month
- Cash flow
- −$45/mo
- Cash-on-cash
- −1.2%
- Cap rate
- 6.1%
- DSCR
- 0.96×
Break-even
- Price that breaks even
- $186,498
- Rent that breaks even
- $2,359/mo
Long run
- Year 30: property vs stocks
- $746K vs $347K
- Cash flow turns positive
- year 3
The deal
- Price
- $195,000
- Cash to close
- $44,850
- Price per unit
- $97,500
- GRM
- 7.1
Each month
- Cash flow
- −$240/mo
- Cash-on-cash
- −6.4%
- Cap rate
- 4.9%
- DSCR
- 0.77×
Break-even
- Price that breaks even
- $149,940
- Rent that breaks even
- $2,650/mo
Long run
- Year 30: property vs stocks
- $539K vs $442K
- Cash flow turns positive
- year 12
The deal
- Price
- $185,000
- Cash to close
- $42,550
- Price per unit
- $92,500
- GRM
- 6.7
Each month
- Cash flow
- $8/mo
- Cash-on-cash
- 0.2%
- Cap rate
- 6.4%
- DSCR
- 1.01×
Break-even
- Price that breaks even
- $186,498
- Rent that breaks even
- $2,290/mo
Long run
- Year 30: property vs stocks
- $778K vs $324K
- Cash flow turns positive
- year 1
The deal
- Price
- $185,000
- Cash to close
- $42,550
- Price per unit
- $92,500
- GRM
- 6.7
Each month
- Cash flow
- −$187/mo
- Cash-on-cash
- −5.3%
- Cap rate
- 5.2%
- DSCR
- 0.81×
Break-even
- Price that breaks even
- $149,940
- Rent that breaks even
- $2,572/mo
Long run
- Year 30: property vs stocks
- $542K vs $390K
- Cash flow turns positive
- year 10
The deal
- Price
- $195,000
- Cash to close
- $54,600
- Price per unit
- $97,500
- GRM
- 7.1
Each month
- Cash flow
- $20/mo
- Cash-on-cash
- 0.4%
- Cap rate
- 6.1%
- DSCR
- 1.02×
Break-even
- Price that breaks even
- $198,931
- Rent that breaks even
- $2,275/mo
Long run
- Year 30: property vs stocks
- $814K vs $416K
- Cash flow turns positive
- year 1
The deal
- Price
- $195,000
- Cash to close
- $54,600
- Price per unit
- $97,500
- GRM
- 7.1
Each month
- Cash flow
- −$175/mo
- Cash-on-cash
- −3.8%
- Cap rate
- 4.9%
- DSCR
- 0.82×
Break-even
- Price that breaks even
- $159,936
- Rent that breaks even
- $2,555/mo
Long run
- Year 30: property vs stocks
- $571K vs $475K
- Cash flow turns positive
- year 10
The deal
- Price
- $185,000
- Cash to close
- $51,800
- Price per unit
- $92,500
- GRM
- 6.7
Each month
- Cash flow
- $70/mo
- Cash-on-cash
- 1.6%
- Cap rate
- 6.4%
- DSCR
- 1.08×
Break-even
- Price that breaks even
- $198,931
- Rent that breaks even
- $2,210/mo
Long run
- Year 30: property vs stocks
- $848K vs $394K
- Cash flow turns positive
- year 1
The deal
- Price
- $185,000
- Cash to close
- $51,800
- Price per unit
- $92,500
- GRM
- 6.7
Each month
- Cash flow
- −$125/mo
- Cash-on-cash
- −2.9%
- Cap rate
- 5.2%
- DSCR
- 0.86×
Break-even
- Price that breaks even
- $159,936
- Rent that breaks even
- $2,482/mo
Long run
- Year 30: property vs stocks
- $579K vs $428K
- Cash flow turns positive
- year 7
Monthly
Monthly breakdown
| Rent | $2,300 |
| Vacancy (6%) | −$138 |
| Collected | $2,162 |
| Property tax Public record | −$350 |
| Insurance Estimate | −$198 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$184 |
| Capital reserve (9% of rent) | −$207 |
| Net operating income | $993 |
| Mortgage (principal + interest) | −$1,168 |
| PMI | −$110 |
| Cash flow | −$285 |
| Principal paid down (equity, not cash) | $149 |
| Rent | $2,300 |
| Vacancy (6%) | −$138 |
| Collected | $2,162 |
| Property tax Public record | −$350 |
| Insurance Estimate | −$198 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$184 |
| Capital reserve (9% of rent) | −$207 |
| Property management | −$195 |
| Net operating income | $798 |
| Mortgage (principal + interest) | −$1,168 |
| PMI | −$110 |
| Cash flow | −$479 |
| Principal paid down (equity, not cash) | $149 |
| Rent | $2,300 |
| Vacancy (6%) | −$138 |
| Collected | $2,162 |
| Property tax Public record | −$350 |
| Insurance Estimate | −$198 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$184 |
| Capital reserve (9% of rent) | −$207 |
| Net operating income | $993 |
| Mortgage (principal + interest) | −$1,108 |
| PMI | −$104 |
| Cash flow | −$219 |
| Principal paid down (equity, not cash) | $141 |
| Rent | $2,300 |
| Vacancy (6%) | −$138 |
| Collected | $2,162 |
| Property tax Public record | −$350 |
| Insurance Estimate | −$198 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$184 |
| Capital reserve (9% of rent) | −$207 |
| Property management | −$195 |
| Net operating income | $798 |
| Mortgage (principal + interest) | −$1,108 |
| PMI | −$104 |
| Cash flow | −$414 |
| Principal paid down (equity, not cash) | $141 |
| Rent | $2,300 |
| Vacancy (6%) | −$138 |
| Collected | $2,162 |
| Property tax Public record | −$350 |
| Insurance Estimate | −$198 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$184 |
| Capital reserve (9% of rent) | −$207 |
| Net operating income | $993 |
| Mortgage (principal + interest) | −$1,038 |
| Cash flow | −$45 |
| Principal paid down (equity, not cash) | $132 |
| Rent | $2,300 |
| Vacancy (6%) | −$138 |
| Collected | $2,162 |
| Property tax Public record | −$350 |
| Insurance Estimate | −$198 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$184 |
| Capital reserve (9% of rent) | −$207 |
| Property management | −$195 |
| Net operating income | $798 |
| Mortgage (principal + interest) | −$1,038 |
| Cash flow | −$240 |
| Principal paid down (equity, not cash) | $132 |
| Rent | $2,300 |
| Vacancy (6%) | −$138 |
| Collected | $2,162 |
| Property tax Public record | −$350 |
| Insurance Estimate | −$198 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$184 |
| Capital reserve (9% of rent) | −$207 |
| Net operating income | $993 |
| Mortgage (principal + interest) | −$985 |
| Cash flow | $8 |
| Principal paid down (equity, not cash) | $125 |
| Rent | $2,300 |
| Vacancy (6%) | −$138 |
| Collected | $2,162 |
| Property tax Public record | −$350 |
| Insurance Estimate | −$198 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$184 |
| Capital reserve (9% of rent) | −$207 |
| Property management | −$195 |
| Net operating income | $798 |
| Mortgage (principal + interest) | −$985 |
| Cash flow | −$187 |
| Principal paid down (equity, not cash) | $125 |
| Rent | $2,300 |
| Vacancy (6%) | −$138 |
| Collected | $2,162 |
| Property tax Public record | −$350 |
| Insurance Estimate | −$198 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$184 |
| Capital reserve (9% of rent) | −$207 |
| Net operating income | $993 |
| Mortgage (principal + interest) | −$973 |
| Cash flow | $20 |
| Principal paid down (equity, not cash) | $124 |
| Rent | $2,300 |
| Vacancy (6%) | −$138 |
| Collected | $2,162 |
| Property tax Public record | −$350 |
| Insurance Estimate | −$198 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$184 |
| Capital reserve (9% of rent) | −$207 |
| Property management | −$195 |
| Net operating income | $798 |
| Mortgage (principal + interest) | −$973 |
| Cash flow | −$175 |
| Principal paid down (equity, not cash) | $124 |
| Rent | $2,300 |
| Vacancy (6%) | −$138 |
| Collected | $2,162 |
| Property tax Public record | −$350 |
| Insurance Estimate | −$198 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$184 |
| Capital reserve (9% of rent) | −$207 |
| Net operating income | $993 |
| Mortgage (principal + interest) | −$923 |
| Cash flow | $70 |
| Principal paid down (equity, not cash) | $117 |
| Rent | $2,300 |
| Vacancy (6%) | −$138 |
| Collected | $2,162 |
| Property tax Public record | −$350 |
| Insurance Estimate | −$198 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$184 |
| Capital reserve (9% of rent) | −$207 |
| Property management | −$195 |
| Net operating income | $798 |
| Mortgage (principal + interest) | −$923 |
| Cash flow | −$125 |
| Principal paid down (equity, not cash) | $117 |
Cash flow each year
Rents +3%/yr (St. Paul's cap for sitting tenants), 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
- $444,917
- Rental profits, invested at 7%
- $198,775
Sells for $473,316 (value up 3% a year), minus 6% selling cost ($28,399). Rent paid down $175,500 of loan.
$116,451 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $192,971
- Monthly shortfalls, invested
- $83,888
$25,350 put into an index fund instead of the down payment and closing costs.
$13,165 you'd have paid in while the building lost money, invested instead.
The building comes out $366,833 ahead after 30 years.
- Your equity when you sell
- $444,917
- Rental profits, invested at 7%
- $48,823
Sells for $473,316 (value up 3% a year), minus 6% selling cost ($28,399). Rent paid down $175,500 of loan.
$36,217 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $192,971
- Monthly shortfalls, invested
- $236,605
$25,350 put into an index fund instead of the down payment and closing costs.
$44,018 you'd have paid in while the building lost money, invested instead.
The building comes out $64,164 ahead after 30 years.
- Your equity when you sell
- $422,101
- Rental profits, invested at 7%
- $241,291
Sells for $449,044 (value up 3% a year), minus 6% selling cost ($26,943). Rent paid down $166,500 of loan.
$133,829 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $183,075
- Monthly shortfalls, invested
- $56,792
$24,050 put into an index fund instead of the down payment and closing costs.
$8,717 you'd have paid in while the building lost money, invested instead.
The building comes out $423,525 ahead after 30 years.
- Your equity when you sell
- $422,101
- Rental profits, invested at 7%
- $66,951
Sells for $449,044 (value up 3% a year), minus 6% selling cost ($26,943). Rent paid down $166,500 of loan.
$47,008 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $183,075
- Monthly shortfalls, invested
- $185,120
$24,050 put into an index fund instead of the down payment and closing costs.
$32,983 you'd have paid in while the building lost money, invested instead.
The building comes out $120,857 ahead after 30 years.
- Your equity when you sell
- $444,917
- Rental profits, invested at 7%
- $301,290
Sells for $473,316 (value up 3% a year), minus 6% selling cost ($28,399). Rent paid down $156,000 of loan.
$156,031 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $341,410
- Monthly shortfalls, invested
- $5,408
$44,850 put into an index fund instead of the down payment and closing costs.
$775 you'd have paid in while the building lost money, invested instead.
The building comes out $399,390 ahead after 30 years.
- Your equity when you sell
- $444,917
- Rental profits, invested at 7%
- $94,037
Sells for $473,316 (value up 3% a year), minus 6% selling cost ($28,399). Rent paid down $156,000 of loan.
$61,635 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $341,410
- Monthly shortfalls, invested
- $100,824
$44,850 put into an index fund instead of the down payment and closing costs.
$17,467 you'd have paid in while the building lost money, invested instead.
The building comes out $96,722 ahead after 30 years.
- Your equity when you sell
- $422,101
- Rental profits, invested at 7%
- $356,214
Sells for $449,044 (value up 3% a year), minus 6% selling cost ($26,943). Rent paid down $148,000 of loan.
$174,416 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $323,901
$42,550 put into an index fund instead of the down payment and closing costs.
The building comes out $454,414 ahead after 30 years.
- Your equity when you sell
- $422,101
- Rental profits, invested at 7%
- $119,999
Sells for $449,044 (value up 3% a year), minus 6% selling cost ($26,943). Rent paid down $148,000 of loan.
$74,338 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $323,901
- Monthly shortfalls, invested
- $66,454
$42,550 put into an index fund instead of the down payment and closing costs.
$11,009 you'd have paid in while the building lost money, invested instead.
The building comes out $151,744 ahead after 30 years.
- Your equity when you sell
- $444,917
- Rental profits, invested at 7%
- $369,411
Sells for $473,316 (value up 3% a year), minus 6% selling cost ($28,399). Rent paid down $146,250 of loan.
$178,607 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $415,629
$54,600 put into an index fund instead of the down payment and closing costs.
The building comes out $398,699 ahead after 30 years.
- Your equity when you sell
- $444,917
- Rental profits, invested at 7%
- $126,267
Sells for $473,316 (value up 3% a year), minus 6% selling cost ($28,399). Rent paid down $146,250 of loan.
$77,272 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $415,629
- Monthly shortfalls, invested
- $59,525
$54,600 put into an index fund instead of the down payment and closing costs.
$9,752 you'd have paid in while the building lost money, invested instead.
The building comes out $96,031 ahead after 30 years.
- Your equity when you sell
- $422,101
- Rental profits, invested at 7%
- $425,972
Sells for $449,044 (value up 3% a year), minus 6% selling cost ($26,943). Rent paid down $138,750 of loan.
$196,570 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $394,315
$51,800 put into an index fund instead of the down payment and closing costs.
The building comes out $453,757 ahead after 30 years.
- Your equity when you sell
- $422,101
- Rental profits, invested at 7%
- $157,045
Sells for $449,044 (value up 3% a year), minus 6% selling cost ($26,943). Rent paid down $138,750 of loan.
$90,766 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $394,315
- Monthly shortfalls, invested
- $33,743
$51,800 put into an index fund instead of the down payment and closing costs.
$5,283 you'd have paid in while the building lost money, invested instead.
The building comes out $151,088 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 $644K, stocks $277K. The property wins.
Year 30 (loan paid off): property $494K, stocks $430K. The property wins.
Year 30 (loan paid off): property $663K, stocks $240K. The property wins.
Year 30 (loan paid off): property $489K, stocks $368K. The property wins.
Year 30 (loan paid off): property $746K, stocks $347K. The property wins.
Year 30 (loan paid off): property $539K, stocks $442K. The property wins.
Year 30 (loan paid off): property $778K, stocks $324K. The property wins.
Year 30 (loan paid off): property $542K, stocks $390K. The property wins.
Year 30 (loan paid off): property $814K, stocks $416K. The property wins.
Year 30 (loan paid off): property $571K, stocks $475K. The property wins.
Year 30 (loan paid off): property $848K, stocks $394K. The property wins.
Year 30 (loan paid off): property $579K, stocks $428K. The property wins.
Comparable rentals
Nearby rentals RentCast matched to each unit type, as of 2026-10-02. The estimate above is RentCast's, weighted toward the closest matches.
2 bed / 1 bath estimate $1,150/mo · range $1,000–$1,275
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 1727 Reaney Ave E, Saint Paul 55106 off market | $1,460 | 2 / 1 | 1.0 mi | 97% |
| 1266 Hazelwood St, Apt 102, Saint Paul 55106 off market | $1,195 | 2 / 1 | 0.2 mi | 94% |
| 1288 Hazelwood St, Apt 301, Saint Paul 55106 off market | $1,195 | 2 / 1 | 0.2 mi | 94% |
| 1077 Van Dyke St, Apt 206, Saint Paul 55119 off market | $1,115 | 2 / 1 | 0.7 mi | 93% |
| 1067 Van Dyke St, Apt 101, Saint Paul 55119 off market | $1,095 | 2 / 1 | 0.7 mi | 93% |
| 1851 Magnolia Ave E, Apt 104, Saint Paul 55119 | $1,095 | 2 / 1 | 0.7 mi | 93% |
| 1067 Van Dyke St, Apt 304, Saint Paul 55119 off market | $995 | 2 / 1 | 0.7 mi | 93% |
| 1858 Magnolia Ave E, Apt 203, Saint Paul 55119 off market | $995 | 2 / 1 | 0.8 mi | 93% |
| 1865 Magnolia Ave E, Apt 201, Saint Paul 55119 | $995 | 2 / 1 | 0.8 mi | 93% |
| 1851 Magnolia Ave E, Apt 208, Saint Paul 55119 off market | $995 | 2 / 1 | 0.7 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
- highUnfinished remodel; scope, budget and permit status unknown, and the property is likely unrentable now Listing says: Come finish the project and build instant equity! · AI review
- mediumNo rental certificate (CofO) on file in the city's data. Ask whether the building is licensed as a rental and when it was last inspected. Public record: St. Paul Certificate of Occupancy – Residential: no record for 1514 MARYLAND AVE E (dataset last updated mid-2025)
- mediumProperty likely vacant and not producing income during the rehab; carrying costs and taxes continue Based on: data: county.tax · AI review
- mediumBoarded-up window and a steep, worn wooden exterior staircase to the upper unit suggest deferred upkeep and possible safety or code issues Based on: photo 1 · AI review
- mediumSeller's 'instant equity' claim is unsupported; the numbers show negative cash flow at ask even after completion Based on: data: underwriting.cash_flow_monthly · AI review
- low$927 in special assessments on the payable 2026 tax bill (often street, sewer or code-enforcement charges). Ask what they're for, whether they continue, and whether the seller pays them off at closing. Public record: Ramsey County parcel 272922210001: special assessments (payable 2026) = $927.46
Opportunities
- Large 0.35 acre lot with an oversized garage and shop gives parking and storage; possible extra income from garage or shop rental Listing says: massive 0.35 acre lot and a large oversized garage + shop · AI review
- Materials already on site may save some rehab cost, if they are usable and the right quantity Listing says: All supplies on site are included in the sale · AI review
- Price is only modestly above the 2023 sale of $165K, so room to negotiate down toward break-even or lower given rehab risk Based on: data: county.last_sale_price · AI review
Questions for the agent
- What work is done and what is left? Can I see permits and any contractor bids or invoices?
- What condition are the electrical, plumbing and heating systems in, and were they replaced or opened up?
- Is the building licensed as a rental, and will it pass a city inspection and get a certificate of occupancy?
- What are the $927 special assessments for, and does the seller pay them at closing?
- Why did the project stall? Was it money, permits or a contractor issue?
- Are the stored materials new and complete, and is there an inventory?
Bottom line
A stalled rehab priced as if it were finished; the numbers are already thin at $195K before you spend a dollar on repairs. AI-assisted summary
What the records say
Where each number comes from
| Property tax / yr Public recordRamsey County record, payable 2026 (non-homestead) | $4,205 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $2,376 |
| 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 1909: +1 pt capital reserve | 8% / 9% |
Price history Realtor.com
On the market since 2026-09-17 (18 days); last sold for $130,000 on 2023-10-23; listed for rent at $800/mo on 2015-01-15.
| Date | Event | Price |
|---|---|---|
| Listed | $195,000 | |
| Sold public record | $130,000 | |
| Rental removed | $800/mo | |
| Listed for rent | $800/mo | |
| Sold public record | $65,000 | |
| Sold public record | $260,000 | |
| Sold public record | $174,000 | |
| Sold public record | $77,000 |
County record Public record
| Recorded as | two family dwelling - up/dwn |
| Living units | 2 |
| Year built | 1909 |
| Market value (2026) | $212,300 |
| Property tax, payable 2026 | $4,205 |
| Special assessments | $927 |
| Homestead | no |
| Last sale | 2023-09-18 · $165,000 |
Source: Ramsey County parcel records.
City rental certificate (CofO)
No record in St. Paul Certificate of Occupancy – Residential (dataset last updated mid-2025).
Nearest highway
I 94, about 2732 m away.
Crime in Greater East Side
1,138 incidents in the last 12 months (37 per 1,000 residents), −13% vs. the year before. St. Paul police incidents, excluding proactive visits and community events.