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208 Sw Mn 5 Hwy

Duplex · 2 units: 1 bed / 1 bath and 2 bed / 1 bath · 1,853 sq ft

Arlington, MN · View the listing ↗

Cash flows

Photos courtesy of True Real Estate - Broker, via Realtor.com.

Asking price
$164,000
2 units · $82K per unit
Monthly cash flow
$324
at 20% down, 7%
Estimated rent
$2,400/mo
high confidence
Break-even price
$224,967
where cash flow hits $0

Adjust the numbers See the full breakdown

First look

This is a 1905 up/down duplex in Arlington, MN on a highway, asking $164K after 334 days on market. Our rents ($1,125 for the 1-bed, $1,275 for the 2-bed) give about $324/month cash flow and an 8.8% cap rate at asking, so the numbers can work, but they rest on our estimates, not real leases. The listing gives no rents, no lease status and no tax figure, and we couldn't match the county parcel, so verify taxes and unit count first. The kitchen photos show torn, worn flooring and old wallpaper, so budget for more than the bathroom touch-ups mentioned. The new roof, siding and stairs help, but get the rent roll, utility setup and heating details before a showing.

Things to consider

  1. Rents are unverified Cash flow of $324/month rests on our estimates, not actual leases. A vacant or underpriced unit changes the math fast.
  2. Kitchen and interior updates likely needed Torn flooring and dated finishes mean turnover costs and a rehab budget before getting top rents.From photo 7
  3. Taxes and unit count unverified We couldn't match a county parcel, so tax and legal unit count are unknown. Taxes could cut the cap rate.
  4. Recent exterior work lowers near-term capex A 2024 roof and siding remove two of the big expenses for a 1905 building.Listing says: “New roof and siding in 2024!”
  5. Garage could add income or flexibility A heated, cooled garage with storefront history might bring rent or a commercial tenant. Confirm zoning first.Listing says: “oversized, insulated, heated and cooled garage, that doubled most recently as a store front”
  6. Long time on market gives leverage Nearly a year listed suggests the price or condition is a barrier. Offer below ask after inspection.

From the photos

Listing photo 2
1 of 8Plus

Exterior appears in good shape with new-looking gray siding and a tidy porch, consistent with the 2024 siding claim

Listing photo 1
2 of 8Plus

Exterior wooden stairs to the upper unit look newer, matching the 2022 claim. Check how they are built and whether the upper entrance is safe.

Listing photo 7
3 of 8Concern

Kitchen flooring appears torn and worn down to the subfloor, with old wallpaper

Listing photo 9
4 of 8Check

Upper unit kitchen has dated cabinets and vinyl flooring, with a radiator visible. It looks usable but old.

Listing photo 6
5 of 8Plus

Main bath looks refreshed with a new sink and flooring, but the tub appears older

Listing photo 4
6 of 8Check

Old cast-iron radiators show hot-water or steam heat, so ask about the boiler's age and condition and who pays the gas

Listing photo 3
7 of 8Check

Living room photo appears to be virtually staged with furniture, so the real condition may differ

Listing photo 1
8 of 8Check

No photos of the basement, mechanicals, electrical panel, garage or the roof up close

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

Condition and repairs

  • doneMain level bathroom: new flooring, sink and paintListing says: Main level bathroom improvements include new flooring, sink and paint!
  • doneUpper level bathroom: paint, toilet, shower, faucet and flooringListing says: Upper level bathroom improvements include paint, toilet, shower, faucet and flooring!
  • doneNew roof and siding in 2024Listing says: New roof and siding in 2024!
  • doneExterior steps to upper level new in 2022Listing says: Exterior steps going to the upper level new in 2022!

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

Down payment %
Offer $
Management
Interest rate %
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
$164,000
Cash to close
$37,720
Price per unit
$82,000
GRM
5.7

Each month

Cash flow
$324/mo
Cash-on-cash
10.3%
Cap rate
8.8%
DSCR
1.37×

Break-even

Price that breaks even
$224,967
Rent that breaks even
$1,979/mo

Long run

Year 30: property vs stocks
$1.19M vs $287K
Cash flow turns positive
year 1

Monthly

Monthly breakdown

Rent$2,400
Vacancy (6%)−$144
Collected$2,256
Property tax Listing−$213
Insurance Estimate−$207
Water, sewer, trash Estimate−$170
Lawn care ($120 × 6 mo ÷ 12)−$60
Repairs (8% of rent)−$192
Capital reserve (9% of rent)−$216
Net operating income$1,197
Mortgage (principal + interest)−$873
Cash flow$324
Principal paid down (equity, not cash)$111

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$1,187,344
Your equity when you sell
$374,187

Sells for $398,071 (value up 3% a year), minus 6% selling cost ($23,884). Rent paid down $131,200 of loan.

Rental profits, invested at 7%
$813,157

$337,749 of cash flow over 30 years, plus what it earned invested.

Same money in stocks$287,134
Cash to close, invested at 7%
$287,134

$37,720 put into an index fund instead of the down payment and closing costs.

The building comes out $900,210 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 $1.19M, stocks $287K. 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.

1 bed / 1 bath estimate $1,125/mo · range $975–$1,275

AddressRentBd / BaSq ftDistanceListedMatch
190 Cleveland Ave, Unit 2, Green Isle 55338 off market $850 1 / 1 828 5.8 mi 2025-12-26 78%
515 Abby Ln, Glencoe 55336 off market $850 1 / 1 — 11.1 mi 2026-07-12 77%
221 Bridge St, Le Sueur 56058 $900 1 / 1 1,020 13.2 mi 2025-07-16 70%
2505 11th St E, Glencoe 55336 $845 1 / 1 725 11.3 mi 2024-04-15 68%
515 Abby Ln, Apt 111, Glencoe 55336 off market $850 1 / 1 550 11.1 mi 2026-06-10 66%
101 Main St S, Ste 207, Le Sueur 56058 off market $1,175 1 / 1 660 13.1 mi 2026-07-31 66%
101 Main St S, Ste 213, Le Sueur 56058 off market $1,100 1 / 1 656 13.1 mi 2026-07-15 66%
561 S Elk St, Belle Plaine 56011 off market $1,225 1 / 1 648 14.9 mi 2025-05-29 65%
411 3rd St N, Le Sueur 56058 $925 1 / 1 600 13.1 mi 2025-01-03 65%
223 Bridge St, Le Sueur 56058 $750 1 / 1 600 13.2 mi 2026-09-28 65%

2 bed / 1 bath estimate $1,275/mo · range $1,025–$1,550

AddressRentBd / BaSq ftDistanceListedMatch
907 Pryor Ave N, Glencoe 55336 off market $1,050 2 / 1 950 11.3 mi 2023-06-22 71%
101 Main St S, Ste 212, Le Sueur 56058 off market $1,400 2 / 1 1,050 13.1 mi 2026-07-31 71%
507 12th St E, Glencoe 55336 off market $1,145 2 / 1 950 11.7 mi 2022-11-02 71%
509 W Baker St, Arlington 55307 off market $1,600 2 / 2 1,092 0.6 mi 2026-02-28 70%
1011 W Main St, Unit 1, Belle Plaine 56011 $1,650 2 / 1 1,000 14.5 mi 2026-06-23 70%
2505 11th St E, Apt 101, Glencoe 55336 off market $940 2 / 1 825 11.3 mi 2026-01-13 70%
112 S 5th St, Unit 1, Gaylord 55334 off market $950 3 / 1 1,200 8.4 mi 2026-07-29 69%
409 Turril St, Le Sueur 56058 off market $950 2 / 1 933 13.6 mi 2026-05-17 69%
190 Cleveland Ave, Unit 2, Green Isle 55338 off market $850 1 / 1 828 5.8 mi 2025-12-26 68%
417 Turril St, Le Sueur 56058 off market $950 2 / 1 860 13.6 mi 2026-03-06 68%

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

  • mediumCouldn't match this address to a county parcel record, so taxes and unit count are unverified. Public record: County parcels: no match for 208 MN 5 HWY SW
  • mediumKitchen flooring is torn and damaged, suggesting deferred maintenance on the main floor Based on: photo 7 · AI review
  • mediumCommercial/mixed-use pitch muddies the residential-duplex story. Confirm zoning and that both units can be legally rented as residential. Listing says: whether you use it as a residential duplex, commercial space, single family home or a mixed use property · AI review
  • lowHighway frontage means traffic noise, which can hurt tenant appeal and rents Listing says: Desirably located on Highway 5, right as you enter town · AI review

Opportunities

  • Long time on market: room to negotiate. Based on: Listing data: 334 days on market
  • Oversized heated and cooled garage could be rented separately or to a tenant, adding income Listing says: oversized, insulated, heated and cooled garage, that doubled most recently as a store front · AI review
  • 334 days on market gives room to negotiate Based on: data: listing.days_on_market · AI review
  • Break-even price is well above asking, so there is margin in the numbers Based on: data: underwriting.break_even_price · AI review

Questions for the agent

  • Are both units currently occupied? What are the rents, lease terms and lease end dates?
  • What are the annual property taxes, and are there any special assessments?
  • How is each unit heated and metered, and who pays which utilities? Is there one boiler or separate systems?
  • Is the property zoned and licensed as a duplex with Arlington, and is a rental license required?
  • How old are the electrical panel, water heater and heating system?
  • Why has it sat 334 days, and has the price changed?

Bottom line

Cheap enough that the numbers can work with new roof and siding, but the kitchens need work, nothing about rents or taxes is verified, and 334 days on market says check why. AI-assisted summary

What the records say

Where each number comes from

Property tax / yr Listinglisting, tax year 2025. 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.$2,558
Insurance / yr Estimateestimate. from units, square feet and age; get a quote$2,490
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 1905: +1 pt capital reserve8% / 9%

Price history Realtor.com

On the market since 2025-11-05 (334 days); down $46,000 (21.9%) from the first ask of $210,000.

DateEventPrice
Price changed$164,000
Price changed$174,000
Price changed$177,000
Price changed$179,000
Price changed$189,000
Price changed$199,000
Listed$210,000

From the listing Listing

Listed asmulti-family
Property tax, 2025$2,558
CountySibley County
Parcel number31.00319.000

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 Arlington on rental licensing before you buy.