207 Bridge St S

Triplex · 3 units: 3 bed / 1 bath ×3 unit split estimated · 4,680 sq ft

Cash flows

25 photos

Photos courtesy of NRT-Minnesota (CB Burnet), via Realtor.com.

Asking price: $362,500
Monthly cash flow: $794
Estimated rent: $4,800/mo
Break-even price: $511,594

Adjust the numbers See the full breakdown

From the listing

Are you looking for a property where you can live and invest at the same time? This 3-unit property is currently fully rented, with each unit generating $1,200 per month, utilities included. The property also offers additional space with potential to expand the square footage. Two of the units were remodeled in 2024, and the lower-level unit was remodeled in 2025. Maintenance expenses have historically been minimal, as the seller is a handyman and personally handles most maintenance and minor repairs. A great opportunity for an owner-occupant or investor!

Listing courtesy of NRT-Minnesota (CB Burnet) (Jessenia Guzman-melendez). Description from Realtor.com, MLS #7133826. Believed reliable but not guaranteed; confirm with the listing agent. View on Realtor.com ↗

First look

Three units at $1,200 each is $3,600 a month, but utilities are included, and that is the number to dig into. Our estimate says 3-beds here rent for about $1,600, so the stated rents look low, but the owner covers the bills. Our underwriting shows about $794 a month of cash flow at asking, which only holds if the utility costs and taxes are right. Taxes are unverified because we couldn't match the county parcel. Get the rent roll, 12 months of utility bills and the tax statement first. The photos show updated units, so it's worth a showing if those numbers hold.

Things to consider

Utilities included in rent The owner absorbs costs that tenants usually pay. If they run $150-250 per unit, the cash flow shrinks quickly.Listing says: “each unit generating $1,200 per month, utilities included”
Rents below market Our estimate puts 3-beds at around $1,600, so there is room to raise rents or bill utilities back, subject to leases.
Unverified taxes and unit count We couldn't match a county parcel, so taxes are an estimate. A tax surprise would change the returns.
Seller does the maintenance Their free labor makes historical expenses look low. Underwrite paid labor, with a reserve for a 1910 building.Listing says: “the seller is a handyman and personally handles most maintenance and minor repairs”
Recent remodels need paperwork Permits and licensing matter, especially for a lower-level unit, and affect insurance and legality.Listing says: “the lower-level unit was remodeled in 2025”

From the photos

Based on 10 of the listing photos. Photos can hide as much as they show; an inspection is the real answer.

Rents the listing states

Unit 1: $1,200Listing says: each unit generating $1,200 per month, utilities included
Unit 2: $1,200Listing says: each unit generating $1,200 per month, utilities included
Unit 3: $1,200Listing says: each unit generating $1,200 per month, utilities included

Condition and repairs

doneTwo units remodeled in 2024Listing says: Two of the units were remodeled in 2024
doneLower-level unit remodeled in 2025Listing says: the lower-level unit was remodeled in 2025

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: $362,500
Cash to close: $83,375
Price per unit: $120,833
GRM: 6.3

Each month

Cash flow: $794/mo
Cash-on-cash: 11.4%
Cap rate: 9.0%
DSCR: 1.41×

Break-even

Price that breaks even: $511,594
Rent that breaks even: $3,728/mo

Long run

Year 30: property vs stocks: $2.80M vs $635K
Cash flow turns positive: year 1

Monthly

Monthly breakdown

Rent	$4,800
Vacancy (6%)	−$288
Collected	$4,512
Property tax Listing	−$159
Insurance Estimate	−$355
Water, sewer, trash Estimate	−$255
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (10% of rent)	−$480
Capital reserve (10% of rent)	−$480
Net operating income	$2,723
Mortgage (principal + interest)	−$1,929
Cash flow	$794
Principal paid down (equity, not cash)	$245

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

If you buy this building$2,799,225

Your equity when you sell: $827,090
Rental profits, invested at 7%: $1,972,135

Same money in stocks$634,672

Cash to close, invested at 7%: $634,672

The building comes out $2,164,553 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

This propertyStocks at 7%

Year 30 (loan paid off): property $2.80M, stocks $635K. 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.

3 bed / 1 bath estimate $1,600/mo · range $1,250–$1,900

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Match
113 9th St NE, Long Prairie 56347	$1,500	3 / 2	1,100	11.5 mi	2026-09-24	60%
111 9th St NE, Long Prairie 56347 off market	$1,400	3 / 2	1,100	11.5 mi	2026-07-27	60%
215 Central Ave, Long Prairie 56347	$800	0 / 1	—	11.4 mi	2026-08-31	58%
424 4th St S, Long Prairie 56347 off market	$750	1 / 1	—	11.9 mi	2026-09-15	57%
24288 Marquette St, Long Prairie 56347	$1,100	4 / 1	—	11.2 mi	2026-10-02	53%
222 1st Ave NE, Apt 5, Eagle Bend 56446	$895	1 / 1	550	5.0 mi	2026-04-20	52%
222 1st Ave NE, Eagle Bend 56446 off market	$735	1 / 1	550	5.0 mi	2026-07-12	52%
222 1st Ave NE, Apt 7, Eagle Bend 56446 off market	$895	1 / 1	550	5.0 mi	2025-08-29	52%
135 North St W, Unit A, Eagle Bend 56446 off market	$1,095	2 / 1	1,035	5.1 mi	2026-08-14	50%
110 3rd St S, Long Prairie 56347 off market	$1,800	5 / 3	—	11.5 mi	2026-07-20	34%

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

highOwner pays utilities, but the listing doesn't say which ones or what they cost. That could eat a lot of the $1,200 rents. Listing says: each unit generating $1,200 per month, utilities included · 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 207 BRIDGE ST S
mediumSeller's handyman work means expenses were understated. A buyer will pay for labor and repairs. Listing says: the seller is a handyman and personally handles most maintenance and minor repairs · AI review
mediumLease terms and rental license aren't stated; the lower-level unit was just remodeled, so confirm it's legal with egress. Listing says: the lower-level unit was remodeled in 2025 · AI review
lowExpansion potential is vague, with no mention of permits or zoning. Listing says: potential to expand the square footage · AI review

Opportunities

Rents of $1,200 are below our $1,475 mid estimate for 3-beds. Charging tenants for utilities could close the gap over time. Based on: data: rent_estimate · AI review
Recent remodels may limit near-term capital spending. Listing says: Two of the units were remodeled in 2024 · AI review

Questions for the agent

Which utilities are included, and what were the 12-month bills for each?
Can you provide the rent roll, lease dates and security deposits?
What are the real property taxes, and is there a county parcel record for the three units?
Are the units licensed as rentals and permitted? Was the 2025 lower-level remodel done with permits?
How are heat and water metered: one meter or separate?
What did the seller spend on maintenance last year, including their own labor?

Bottom line

Updated three-plex with a decent return on paper, but included utilities and unverified taxes could erase it, so verify the numbers before you offer. AI-assisted summary

What the records say

Where each number comes from

Property tax / yr Listinglisting, tax year 2026. 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.	$1,912
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$4,257
Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid	$255
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 1910: +1 pt capital reserve; 9 bedrooms: +1 pt repairs for wear; "handyman" in the description: +2 pts each	10% / 10%

Price history Realtor.com

On the market since 2026-09-02 (33 days); last sold for $80,000 on 2021-10-28.

Date	Event	Price
2026-09-02	Listed	$362,500
2021-10-28	Sold public record	$80,000
2020-08-09	Removed	$90,000
2013-06-19	Removed	$90,000
2012-12-21	Listed	$90,000

From the listing Listing

Listed as	triplex
Property tax, 2026	$1,912
County	Todd
Parcel number	320026301

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 Clarissa on rental licensing before you buy.