204 Main St E
Ogema, MN · View the listing ↗
Photos courtesy of RE/MAX Lakes Region, 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 1994 side-by-side style duplex in Ogema with two 2-bed/1-bath units, each with in-unit laundry and an attached single garage, listed at $184,900. The description gives no rents, no lease status, no tax figure and no utility info, and our rent estimate and underwriting are empty, so there are no numbers to test the price against yet. The photos show dated but serviceable oak kitchens, electric baseboard heat, and a garage with unfinished drywall. Baseboard electric means tenants likely pay their own heat, which helps the owner, but confirm separate meters. It has sat 102 days, so ask for the rent roll and why it hasn't sold before deciding on a showing.
Things to consider
- No income data Without rents, lease status or expenses you can't judge cash flow at $184,900. The rent roll is the first thing to get.Listing says: “Inquire for more information or to schedule a private showing.”
- Unverified unit count and taxes The county parcel wasn't matched, so taxes, assessments and legal unit count are unknown. Taxes could change for an investor.
- 102 days on market Long exposure gives leverage on price, but it may also signal weak rents or a thin rental market in Ogema.
- Heat and utilities likely tenant-paid, unconfirmed Electric baseboard heat usually means separate electric meters, keeping owner costs low, but it needs confirming.From photo 3
- Dated finishes need modest updates Oak cabinets, textured ceilings and worn walls mean paint and small fixes at turnover; budget reserves rather than a full renovation.From photo 1
From the photos
Based on 10 of the listing photos. Photos can hide as much as they show; an inspection is the real answer.
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, lease status or occupancy given, so income can't be checked at this price. Listing says: Inquire for more information or to schedule a private showing. · 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 204 MAIN ST E
- mediumMarketed to owner-occupants and investors with no financials; likely thin rent roll or vacancy in a small market. Listing says: This duplex presents an excellent opportunity for owner-occupants or investors. · AI review
- lowGarage drywall looks unfinished, with taped patches and exposed framing, suggesting partial repair work. Based on: photo 10 · AI review
- lowScuffed, stained walls and floor marks in a bedroom suggest tenant wear and need for turnover paint. Based on: photo 7 · AI review
Opportunities
- Long time on market: room to negotiate. Based on: Listing data: 102 days on market
- Each unit has in-unit laundry and its own garage, which supports rent and tenant retention in a small town. Listing says: as well as in-unit laundry, storage space and an attached single-stall garage · AI review
- Owner-occupant option: live in one side and rent the other to offset the cost. Listing says: This duplex presents an excellent opportunity for owner-occupants or investors. · AI review
- Cosmetic refresh (paint, lighting) is cheap and the floors and windows look usable. Based on: photo 4 · AI review
Questions for the agent
- What are the current rents, lease terms and are the units occupied?
- Are heat and electric separately metered, and who pays water, sewer and trash?
- What are the annual taxes, and is there a homestead discount that would reset for an investor?
- Why has it been on the market 102 days, and have there been offers or price cuts?
- How old are the roof, windows and water heaters?
- Is the rental licensed or inspected locally, and is the unit count of two confirmed by the county?
Bottom line
Clean, simple 2x2 duplex with garages and laundry, but with no rents or taxes disclosed you can't tell if $184,900 works, so get the rent roll before a showing. AI-assisted summary
What the records say
Where each number comes from
Price history Realtor.com
On the market since 2026-06-25 (102 days); last sold for $75,000 on 2016-07-05.
| Date | Event | Price |
|---|---|---|
| Listed | $184,900 | |
| Sold public record | $75,000 | |
| Sold public record | $75,000 | |
| Sold public record | $120,000 |
From the listing Listing
| Listed as | duplex side x side |
| Property tax, 2025 | $2,224 |
| County | Becker |
| Parcel number | 520125000 |
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 Ogema on rental licensing before you buy.