230 11th St N
Fourplex · 4 units: 2 bed / 1 bath ×3 and 1 bed / 1 bath unit split estimated · 2,700 sq ft
Breckenridge, MN · View the listing ↗
Photos courtesy of eXp Realty, via Realtor.com.
- Asking price
- $260,000 4 units · $65K per unit
- Monthly cash flow
- $325 at 20% down, 7%
- Estimated rent
- $3,425/mo medium confidence
- Break-even price
- $320,985 where cash flow hits $0
First look
This is really two finished units plus an unfinished basement, not the four units FACTS assumes. The description gives a 4-bed/2-bath main unit and a 1-bed/1-bath unit, and the basement is only a plan, so the underwriting of four rentable units (7 bed/4 bath) overstates income today. The $325/mo cash flow and 7.9% cap at ask lean on rent estimates for a unit that doesn't exist yet and on unverified taxes. No rents are stated, so get the rent roll and leases first. Worth a showing only if the real rents for the two occupied units support the price and the basement can be finished legally.
Things to consider
- Only two units produce income today The basement is unfinished, so cash flow depends on completing it. Underwrite two units and treat the third as upside.Listing says: “The unfinished lower-level unit offers even more potential with a planned 2-bedroom, 1-bath layout.”
- Our $325/mo cash flow assumes estimated rents and four units Without a rent roll, income is estimated, and taxes are unverified. Break-even price of $320,985 is likely too generous.
- Basement completion cost and legality Finishing needs permits, fire separation and inspection, and the cost eats the upside. A non-permitted unit can't be counted on.Listing says: “Once completed, this space could provide an additional rental unit and increased income potential.”
- Recent updates reduce near-term capex but are mostly cosmetic Fresh paint and flooring don't tell you about the boiler, wiring or plumbing behind the walls. Get an inspection.Listing says: “Both occupied units have seen extensive updates, including new flooring, fresh paint, plumbing improvements”
- Small market with thin rent data Breckenridge is a small town, so the rent estimates carry a wide range ($700 to $1,200). Tenant demand and vacancy risk are harder to gauge.
- 1926 build with a roof about 10 years old The roof has maybe a decade left, and a 1926 building may have older electrical and a boiler to budget for.Listing says: “The roof and fascia were updated approximately 10 years ago.”
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
- neededLower level unit unfinished, planned 2-bed/1-bath build-outListing says: The unfinished lower-level unit offers even more potential with a planned 2-bedroom, 1-bath layout.
- doneRoof and fascia updated about 10 years agoListing says: The roof and fascia were updated approximately 10 years ago.
- doneAbout 90% of copper water lines replacedListing says: replacement of approximately 90% of the home's copper water lines
- doneNew flooring, fresh paint, plumbing improvements, updated bathrooms in occupied unitsListing says: Both occupied units have seen extensive updates, including new flooring, fresh paint, plumbing improvements, updated bathrooms
- doneWindows updated, exterior painted, decks and railings refreshedListing says: updated windows, exterior painting, refreshed decks and railings, and landscaping cleanup
- doneBasement framing, sheetrock, insulation, electrical, egress window, tub doneListing says: new framing and sheetrock, insulation, electrical work, plumbing access, a large egress window, new tub
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
- $260,000
- Cash to close
- $33,800
- Price per unit
- $65,000
- GRM
- 6.3
Each month
- Cash flow
- $5/mo
- Cash-on-cash
- 0.2%
- Cap rate
- 7.9%
- DSCR
- 1.00×
Break-even
- Price that breaks even
- $260,818
- Rent that breaks even
- $3,418/mo
Long run
- Year 30: property vs stocks
- $1.35M vs $257K
- Cash flow turns positive
- year 1
The deal
- Price
- $260,000
- Cash to close
- $33,800
- Price per unit
- $65,000
- GRM
- 6.3
Each month
- Cash flow
- −$284/mo
- Cash-on-cash
- −10.1%
- Cap rate
- 6.5%
- DSCR
- 0.83×
Break-even
- Price that breaks even
- $216,582
- Rent that breaks even
- $3,834/mo
Long run
- Year 30: property vs stocks
- $973K vs $328K
- Cash flow turns positive
- year 5
The deal
- Price
- $250,000
- Cash to close
- $32,500
- Price per unit
- $62,500
- GRM
- 6.1
Each month
- Cash flow
- $71/mo
- Cash-on-cash
- 2.6%
- Cap rate
- 8.2%
- DSCR
- 1.04×
Break-even
- Price that breaks even
- $260,818
- Rent that breaks even
- $3,334/mo
Long run
- Year 30: property vs stocks
- $1.40M vs $247K
- Cash flow turns positive
- year 1
The deal
- Price
- $250,000
- Cash to close
- $32,500
- Price per unit
- $62,500
- GRM
- 6.1
Each month
- Cash flow
- −$219/mo
- Cash-on-cash
- −8.1%
- Cap rate
- 6.8%
- DSCR
- 0.87×
Break-even
- Price that breaks even
- $216,582
- Rent that breaks even
- $3,740/mo
Long run
- Year 30: property vs stocks
- $999K vs $298K
- Cash flow turns positive
- year 5
The deal
- Price
- $260,000
- Cash to close
- $59,800
- Price per unit
- $65,000
- GRM
- 6.3
Each month
- Cash flow
- $325/mo
- Cash-on-cash
- 6.5%
- Cap rate
- 7.9%
- DSCR
- 1.23×
Break-even
- Price that breaks even
- $320,985
- Rent that breaks even
- $3,009/mo
Long run
- Year 30: property vs stocks
- $1.59M vs $455K
- Cash flow turns positive
- year 1
The deal
- Price
- $260,000
- Cash to close
- $59,800
- Price per unit
- $65,000
- GRM
- 6.3
Each month
- Cash flow
- $35/mo
- Cash-on-cash
- 0.7%
- Cap rate
- 6.5%
- DSCR
- 1.03×
Break-even
- Price that breaks even
- $266,544
- Rent that breaks even
- $3,375/mo
Long run
- Year 30: property vs stocks
- $1.14M vs $455K
- Cash flow turns positive
- year 1
The deal
- Price
- $250,000
- Cash to close
- $57,500
- Price per unit
- $62,500
- GRM
- 6.1
Each month
- Cash flow
- $378/mo
- Cash-on-cash
- 7.9%
- Cap rate
- 8.2%
- DSCR
- 1.28×
Break-even
- Price that breaks even
- $320,985
- Rent that breaks even
- $2,941/mo
Long run
- Year 30: property vs stocks
- $1.63M vs $438K
- Cash flow turns positive
- year 1
The deal
- Price
- $250,000
- Cash to close
- $57,500
- Price per unit
- $62,500
- GRM
- 6.1
Each month
- Cash flow
- $88/mo
- Cash-on-cash
- 1.8%
- Cap rate
- 6.8%
- DSCR
- 1.07×
Break-even
- Price that breaks even
- $266,544
- Rent that breaks even
- $3,298/mo
Long run
- Year 30: property vs stocks
- $1.18M vs $438K
- Cash flow turns positive
- year 1
The deal
- Price
- $260,000
- Cash to close
- $72,800
- Price per unit
- $65,000
- GRM
- 6.3
Each month
- Cash flow
- $411/mo
- Cash-on-cash
- 6.8%
- Cap rate
- 7.9%
- DSCR
- 1.32×
Break-even
- Price that breaks even
- $342,384
- Rent that breaks even
- $2,898/mo
Long run
- Year 30: property vs stocks
- $1.69M vs $554K
- Cash flow turns positive
- year 1
The deal
- Price
- $260,000
- Cash to close
- $72,800
- Price per unit
- $65,000
- GRM
- 6.3
Each month
- Cash flow
- $121/mo
- Cash-on-cash
- 2.0%
- Cap rate
- 6.5%
- DSCR
- 1.09×
Break-even
- Price that breaks even
- $284,314
- Rent that breaks even
- $3,251/mo
Long run
- Year 30: property vs stocks
- $1.24M vs $554K
- Cash flow turns positive
- year 1
The deal
- Price
- $250,000
- Cash to close
- $70,000
- Price per unit
- $62,500
- GRM
- 6.1
Each month
- Cash flow
- $461/mo
- Cash-on-cash
- 7.9%
- Cap rate
- 8.2%
- DSCR
- 1.37×
Break-even
- Price that breaks even
- $342,384
- Rent that breaks even
- $2,834/mo
Long run
- Year 30: property vs stocks
- $1.73M vs $533K
- Cash flow turns positive
- year 1
The deal
- Price
- $250,000
- Cash to close
- $70,000
- Price per unit
- $62,500
- GRM
- 6.1
Each month
- Cash flow
- $171/mo
- Cash-on-cash
- 2.9%
- Cap rate
- 6.8%
- DSCR
- 1.14×
Break-even
- Price that breaks even
- $284,314
- Rent that breaks even
- $3,179/mo
Long run
- Year 30: property vs stocks
- $1.27M vs $533K
- Cash flow turns positive
- year 1
Monthly
Monthly breakdown
| Rent | $3,425 |
| Vacancy (6%) | −$206 |
| Collected | $3,220 |
| Property tax Listing | −$207 |
| Insurance Estimate | −$356 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$274 |
| Capital reserve (8% of rent) | −$274 |
| Net operating income | $1,708 |
| Mortgage (principal + interest) | −$1,557 |
| PMI | −$146 |
| Cash flow | $5 |
| Principal paid down (equity, not cash) | $198 |
| Rent | $3,425 |
| Vacancy (6%) | −$206 |
| Collected | $3,220 |
| Property tax Listing | −$207 |
| Insurance Estimate | −$356 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$274 |
| Capital reserve (8% of rent) | −$274 |
| Property management | −$290 |
| Net operating income | $1,419 |
| Mortgage (principal + interest) | −$1,557 |
| PMI | −$146 |
| Cash flow | −$284 |
| Principal paid down (equity, not cash) | $198 |
| Rent | $3,425 |
| Vacancy (6%) | −$206 |
| Collected | $3,220 |
| Property tax Listing | −$207 |
| Insurance Estimate | −$356 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$274 |
| Capital reserve (8% of rent) | −$274 |
| Net operating income | $1,708 |
| Mortgage (principal + interest) | −$1,497 |
| PMI | −$141 |
| Cash flow | $71 |
| Principal paid down (equity, not cash) | $190 |
| Rent | $3,425 |
| Vacancy (6%) | −$206 |
| Collected | $3,220 |
| Property tax Listing | −$207 |
| Insurance Estimate | −$356 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$274 |
| Capital reserve (8% of rent) | −$274 |
| Property management | −$290 |
| Net operating income | $1,419 |
| Mortgage (principal + interest) | −$1,497 |
| PMI | −$141 |
| Cash flow | −$219 |
| Principal paid down (equity, not cash) | $190 |
| Rent | $3,425 |
| Vacancy (6%) | −$206 |
| Collected | $3,220 |
| Property tax Listing | −$207 |
| Insurance Estimate | −$356 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$274 |
| Capital reserve (8% of rent) | −$274 |
| Net operating income | $1,708 |
| Mortgage (principal + interest) | −$1,384 |
| Cash flow | $325 |
| Principal paid down (equity, not cash) | $176 |
| Rent | $3,425 |
| Vacancy (6%) | −$206 |
| Collected | $3,220 |
| Property tax Listing | −$207 |
| Insurance Estimate | −$356 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$274 |
| Capital reserve (8% of rent) | −$274 |
| Property management | −$290 |
| Net operating income | $1,419 |
| Mortgage (principal + interest) | −$1,384 |
| Cash flow | $35 |
| Principal paid down (equity, not cash) | $176 |
| Rent | $3,425 |
| Vacancy (6%) | −$206 |
| Collected | $3,220 |
| Property tax Listing | −$207 |
| Insurance Estimate | −$356 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$274 |
| Capital reserve (8% of rent) | −$274 |
| Net operating income | $1,708 |
| Mortgage (principal + interest) | −$1,331 |
| Cash flow | $378 |
| Principal paid down (equity, not cash) | $169 |
| Rent | $3,425 |
| Vacancy (6%) | −$206 |
| Collected | $3,220 |
| Property tax Listing | −$207 |
| Insurance Estimate | −$356 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$274 |
| Capital reserve (8% of rent) | −$274 |
| Property management | −$290 |
| Net operating income | $1,419 |
| Mortgage (principal + interest) | −$1,331 |
| Cash flow | $88 |
| Principal paid down (equity, not cash) | $169 |
| Rent | $3,425 |
| Vacancy (6%) | −$206 |
| Collected | $3,220 |
| Property tax Listing | −$207 |
| Insurance Estimate | −$356 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$274 |
| Capital reserve (8% of rent) | −$274 |
| Net operating income | $1,708 |
| Mortgage (principal + interest) | −$1,297 |
| Cash flow | $411 |
| Principal paid down (equity, not cash) | $165 |
| Rent | $3,425 |
| Vacancy (6%) | −$206 |
| Collected | $3,220 |
| Property tax Listing | −$207 |
| Insurance Estimate | −$356 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$274 |
| Capital reserve (8% of rent) | −$274 |
| Property management | −$290 |
| Net operating income | $1,419 |
| Mortgage (principal + interest) | −$1,297 |
| Cash flow | $121 |
| Principal paid down (equity, not cash) | $165 |
| Rent | $3,425 |
| Vacancy (6%) | −$206 |
| Collected | $3,220 |
| Property tax Listing | −$207 |
| Insurance Estimate | −$356 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$274 |
| Capital reserve (8% of rent) | −$274 |
| Net operating income | $1,708 |
| Mortgage (principal + interest) | −$1,247 |
| Cash flow | $461 |
| Principal paid down (equity, not cash) | $159 |
| Rent | $3,425 |
| Vacancy (6%) | −$206 |
| Collected | $3,220 |
| Property tax Listing | −$207 |
| Insurance Estimate | −$356 |
| Water, sewer, trash Estimate | −$340 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$274 |
| Capital reserve (8% of rent) | −$274 |
| Property management | −$290 |
| Net operating income | $1,419 |
| Mortgage (principal + interest) | −$1,247 |
| Cash flow | $171 |
| Principal paid down (equity, not cash) | $159 |
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
- Your equity when you sell
- $593,223
- Rental profits, invested at 7%
- $758,810
Sells for $631,088 (value up 3% a year), minus 6% selling cost ($37,865). Rent paid down $234,000 of loan.
$361,099 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $257,294
$33,800 put into an index fund instead of the down payment and closing costs.
The building comes out $1,094,739 ahead after 30 years.
- Your equity when you sell
- $593,223
- Rental profits, invested at 7%
- $379,286
Sells for $631,088 (value up 3% a year), minus 6% selling cost ($37,865). Rent paid down $234,000 of loan.
$206,563 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $257,294
- Monthly shortfalls, invested
- $71,189
$33,800 put into an index fund instead of the down payment and closing costs.
$10,887 you'd have paid in while the building lost money, invested instead.
The building comes out $644,026 ahead after 30 years.
- Your equity when you sell
- $570,407
- Rental profits, invested at 7%
- $828,423
Sells for $606,816 (value up 3% a year), minus 6% selling cost ($36,409). Rent paid down $225,000 of loan.
$382,924 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $247,398
$32,500 put into an index fund instead of the down payment and closing costs.
The building comes out $1,151,432 ahead after 30 years.
- Your equity when you sell
- $570,407
- Rental profits, invested at 7%
- $428,632
Sells for $606,816 (value up 3% a year), minus 6% selling cost ($36,409). Rent paid down $225,000 of loan.
$225,245 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $247,398
- Monthly shortfalls, invested
- $50,922
$32,500 put into an index fund instead of the down payment and closing costs.
$7,743 you'd have paid in while the building lost money, invested instead.
The building comes out $700,718 ahead after 30 years.
- Your equity when you sell
- $593,223
- Rental profits, invested at 7%
- $1,000,138
Sells for $631,088 (value up 3% a year), minus 6% selling cost ($37,865). Rent paid down $208,000 of loan.
$430,391 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $455,213
$59,800 put into an index fund instead of the down payment and closing costs.
The building comes out $1,138,148 ahead after 30 years.
- Your equity when you sell
- $593,223
- Rental profits, invested at 7%
- $549,425
Sells for $631,088 (value up 3% a year), minus 6% selling cost ($37,865). Rent paid down $208,000 of loan.
$264,968 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $455,213
$59,800 put into an index fund instead of the down payment and closing costs.
The building comes out $687,435 ahead after 30 years.
- Your equity when you sell
- $570,407
- Rental profits, invested at 7%
- $1,060,469
Sells for $606,816 (value up 3% a year), minus 6% selling cost ($36,409). Rent paid down $200,000 of loan.
$449,552 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $437,705
$57,500 put into an index fund instead of the down payment and closing costs.
The building comes out $1,193,171 ahead after 30 years.
- Your equity when you sell
- $570,407
- Rental profits, invested at 7%
- $609,756
Sells for $606,816 (value up 3% a year), minus 6% selling cost ($36,409). Rent paid down $200,000 of loan.
$284,129 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $437,705
$57,500 put into an index fund instead of the down payment and closing costs.
The building comes out $742,457 ahead after 30 years.
- Your equity when you sell
- $593,223
- Rental profits, invested at 7%
- $1,098,176
Sells for $631,088 (value up 3% a year), minus 6% selling cost ($37,865). Rent paid down $195,000 of loan.
$461,527 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $554,172
$72,800 put into an index fund instead of the down payment and closing costs.
The building comes out $1,137,227 ahead after 30 years.
- Your equity when you sell
- $593,223
- Rental profits, invested at 7%
- $647,463
Sells for $631,088 (value up 3% a year), minus 6% selling cost ($37,865). Rent paid down $195,000 of loan.
$296,104 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $554,172
$72,800 put into an index fund instead of the down payment and closing costs.
The building comes out $686,514 ahead after 30 years.
- Your equity when you sell
- $570,407
- Rental profits, invested at 7%
- $1,154,737
Sells for $606,816 (value up 3% a year), minus 6% selling cost ($36,409). Rent paid down $187,500 of loan.
$479,490 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $532,858
$70,000 put into an index fund instead of the down payment and closing costs.
The building comes out $1,192,285 ahead after 30 years.
- Your equity when you sell
- $570,407
- Rental profits, invested at 7%
- $704,023
Sells for $606,816 (value up 3% a year), minus 6% selling cost ($36,409). Rent paid down $187,500 of loan.
$314,068 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $532,858
$70,000 put into an index fund instead of the down payment and closing costs.
The building comes out $741,572 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 $1.35M, stocks $257K. The property wins.
Year 30 (loan paid off): property $973K, stocks $328K. The property wins.
Year 30 (loan paid off): property $1.40M, stocks $247K. The property wins.
Year 30 (loan paid off): property $999K, stocks $298K. The property wins.
Year 30 (loan paid off): property $1.59M, stocks $455K. The property wins.
Year 30 (loan paid off): property $1.14M, stocks $455K. The property wins.
Year 30 (loan paid off): property $1.63M, stocks $438K. The property wins.
Year 30 (loan paid off): property $1.18M, stocks $438K. The property wins.
Year 30 (loan paid off): property $1.69M, stocks $554K. The property wins.
Year 30 (loan paid off): property $1.24M, stocks $554K. The property wins.
Year 30 (loan paid off): property $1.73M, stocks $533K. The property wins.
Year 30 (loan paid off): property $1.27M, stocks $533K. 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.
2 bed / 1 bath estimate $825/mo · range $700–$950
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 403 3rd St N, Wahpeton, ND 58075 off market | $675 | 2 / 1 | 1.2 mi | 92% |
| 1133 Westmore Ave, Wahpeton, ND 58075 | $750 | 2 / 1 | 1.9 mi | 91% |
| 1201 3rd Ave N, Wahpeton, ND 58075 off market | $735 | 2 / 1 | 1.9 mi | 91% |
| 367 14th St N, Wahpeton, ND 58075 off market | $650 | 2 / 1 | 2.0 mi | 91% |
| 419 Wilkin Ave, Breckenridge 56520 off market | $795 | 2 / 1 | 0.8 mi | 83% |
| 902 8th Ave S, Wahpeton, ND 58075 off market | $775 | 2 / 1 | 1.7 mi | 83% |
| 621 3rd Ave N, Wahpeton, ND 58075 off market | $850 | 2 / 1 | 1.4 mi | 82% |
| 321 6th St N, Wahpeton, ND 58075 off market | $600 | 2 / 1 | 1.4 mi | 82% |
| 720 Dakota Ave, Wahpeton, ND 58075 off market | $385 | 1 / 1 | 1.5 mi | 82% |
| 1102-1110 Loy Ave, Wahpeton, ND 58075 off market | $775 | 2 / 1 | 2.0 mi | 82% |
1 bed / 1 bath estimate $950/mo · range $700–$1,200
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 720 Dakota Ave, Wahpeton, ND 58075 off market | $385 | 1 / 1 | 1.5 mi | 92% |
| 1207 3rd Ave N, Wahpeton, ND 58075 off market | $565 | 1 / 1 | 1.9 mi | 91% |
| 403 3rd St N, Wahpeton, ND 58075 off market | $675 | 2 / 1 | 1.2 mi | 83% |
| 1133 Westmore Ave, Wahpeton, ND 58075 | $750 | 2 / 1 | 1.9 mi | 82% |
| 1201 3rd Ave N, Wahpeton, ND 58075 off market | $735 | 2 / 1 | 1.9 mi | 82% |
| 367 14th St N, Wahpeton, ND 58075 off market | $650 | 2 / 1 | 2.0 mi | 81% |
| 319 5th St N, Apt 4, Wahpeton, ND 58075 off market | $1,300 | 1 / 1 | 1.4 mi | 81% |
| 418 S 8th St, Breckenridge 56520 | $1,050 | 1 / 1 | 0.5 mi | 81% |
| 217 5th St S, Apt 2, Breckenridge 56520 | $550 | 1 / 1 | 0.5 mi | 81% |
| 217 5th St S, Apt 1, Breckenridge 56520 | $550 | 1 / 1 | 0.5 mi | 80% |
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
- highBasement unit isn't finished or rentable yet; finishing needs permits, inspection and cost Listing says: Once completed, this space could provide an additional rental unit and increased 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 230 11TH ST N
- mediumNo rents, lease terms or expenses given despite pitching 'established rental income' Listing says: This multi-unit property offers established rental income along with additional value-add potential. · AI review
- mediumOur model counts four units and 7 beds, which the description doesn't support Based on: data: listing.unit_count · AI review
- lowHeat appears to be radiators (boiler likely); the description only says 'heating improvements', so type, age and who pays are unclear Listing says: heating improvements and more · AI review
Opportunities
- Finish the basement into a 2-bed/1-bath unit for added rent Listing says: Much of the preliminary work has already been completed, including new framing and sheetrock · AI review
- Egress window already installed, which helps legal bedroom status Listing says: a large egress window · AI review
- Heavy recent updates in occupied units may keep near-term repairs low Listing says: Both occupied units have seen extensive updates · AI review
Questions for the agent
- What are the current rents and lease end dates for both occupied units?
- Is the basement work permitted, and has the city inspected it? What's left to finish and the cost estimate?
- Which units are separately metered, and who pays heat, water, sewer and trash?
- What type of heat is it (one boiler or separate), and how old is it?
- What are the annual taxes and any special assessments?
- Is the property licensed or zoned as a duplex or triplex?
Bottom line
A two-unit rental with an unfinished basement sold as a triplex story; the numbers only work if the real rents and a legal basement build-out back them up. 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. | $2,482 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $4,275 |
| Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid | $340 |
| 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. base rate | 8% / 8% |
Price history Realtor.com
On the market since 2026-06-28 (99 days, relisted 1×); down $9,900 (3.7%) from the first ask of $269,900; last sold for $135,000 on 2023-07-17.
| Date | Event | Price |
|---|---|---|
| Listed | $260,000 | |
| Removed | $269,900 | |
| Removed | — | |
| Price changed | $269,900 | |
| Price changed | $299,900 | |
| Price changed | $319,900 | |
| Listed | $329,900 | |
| Sold | $135,000 | |
| Removed | — | |
| Listed | $150,000 | |
| Sold public record | $32,000 |
From the listing Listing
| Listed as | four plex |
| Property tax, 2026 | $2,482 |
| County | Wilkin |
| Parcel number | 230504860 |
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 Breckenridge on rental licensing before you buy.