243 Park St W
Duplex · 2 units: 4 bed / 1.5 bath and 3 bed / 1.5 bath unit split estimated · 2,528 sq ft
South Saint Paul, MN · View the listing ↗
Photos courtesy of RE/MAX Results, via Realtor.com.
- Asking price
- $340,000 2 units · $170K per unit
- Monthly cash flow
- $699 at 20% down, 7%
- Estimated rent
- $4,350/mo medium confidence
- Break-even price
- $471,383 where cash flow hits $0
First look
This is a 1880 up/down duplex in South St. Paul at $340K, with a 3-bed upper and a 4-bed lower. Our underwriting shows about $699/month cash flow and an 8.9% cap at asking, but that rests on rent estimates of $2,100 and $2,250, because the listing gives no actual rents or lease terms. Taxes and unit count are unverified since we couldn't match the parcel, so confirm both first. The photos show mixed condition: the lower unit looks dated, and the 'recently renovated' upper claim needs a look in person. It's worth a showing if the rent roll backs up the estimates and the heat and electrical check out.
Things to consider
- Rents are our estimates, not actuals The $699/month cash flow depends on $2,100 and $2,250 rents. If actual rents are lower, the deal weakens fast at today's rates.
- Highway proximity I-494 is within 74 m, and noise can cap rents and lengthen vacancy, especially on the upper unit.
- Taxes and unit count unverified No parcel match means the tax bill is a guess. An investor may pay more than the seller's tax, which cuts cash flow.
- Condition is uneven across units The upper is claimed as renovated, but the lower looks dated. Budget for kitchens, baths and the dryer vent, and expect repairs on an 1880 building.From photo 6
- Large bedroom counts mean heavy wear Seven bedrooms across two units usually means bigger families and more wear on floors and baths, so keep repairs reserves higher.Listing says: “The lower unit features four large bedrooms, two full bathrooms within unit”
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
- doneUpper unit renovation, scope and date not givenListing says: recently renovated upper unit with three bedrooms
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
- $340,000
- Cash to close
- $44,200
- Price per unit
- $170,000
- GRM
- 6.5
Each month
- Cash flow
- $282/mo
- Cash-on-cash
- 7.7%
- Cap rate
- 8.9%
- DSCR
- 1.13×
Break-even
- Price that breaks even
- $383,025
- Rent that breaks even
- $3,984/mo
Long run
- Year 30: property vs stocks
- $2.23M vs $336K
- Cash flow turns positive
- year 1
The deal
- Price
- $340,000
- Cash to close
- $44,200
- Price per unit
- $170,000
- GRM
- 6.5
Each month
- Cash flow
- −$86/mo
- Cash-on-cash
- −2.3%
- Cap rate
- 7.6%
- DSCR
- 0.96×
Break-even
- Price that breaks even
- $326,842
- Rent that breaks even
- $4,476/mo
Long run
- Year 30: property vs stocks
- $1.67M vs $346K
- Cash flow turns positive
- year 3
The deal
- Price
- $330,000
- Cash to close
- $42,900
- Price per unit
- $165,000
- GRM
- 6.3
Each month
- Cash flow
- $347/mo
- Cash-on-cash
- 9.7%
- Cap rate
- 9.1%
- DSCR
- 1.16×
Break-even
- Price that breaks even
- $383,025
- Rent that breaks even
- $3,899/mo
Long run
- Year 30: property vs stocks
- $2.28M vs $327K
- Cash flow turns positive
- year 1
The deal
- Price
- $330,000
- Cash to close
- $42,900
- Price per unit
- $165,000
- GRM
- 6.3
Each month
- Cash flow
- −$21/mo
- Cash-on-cash
- −0.6%
- Cap rate
- 7.8%
- DSCR
- 0.99×
Break-even
- Price that breaks even
- $326,842
- Rent that breaks even
- $4,380/mo
Long run
- Year 30: property vs stocks
- $1.71M vs $328K
- Cash flow turns positive
- year 2
The deal
- Price
- $340,000
- Cash to close
- $78,200
- Price per unit
- $170,000
- GRM
- 6.5
Each month
- Cash flow
- $699/mo
- Cash-on-cash
- 10.7%
- Cap rate
- 8.9%
- DSCR
- 1.39×
Break-even
- Price that breaks even
- $471,383
- Rent that breaks even
- $3,442/mo
Long run
- Year 30: property vs stocks
- $2.55M vs $595K
- Cash flow turns positive
- year 1
The deal
- Price
- $340,000
- Cash to close
- $78,200
- Price per unit
- $170,000
- GRM
- 6.5
Each month
- Cash flow
- $331/mo
- Cash-on-cash
- 5.1%
- Cap rate
- 7.6%
- DSCR
- 1.18×
Break-even
- Price that breaks even
- $402,240
- Rent that breaks even
- $3,867/mo
Long run
- Year 30: property vs stocks
- $1.98M vs $595K
- Cash flow turns positive
- year 1
The deal
- Price
- $330,000
- Cash to close
- $75,900
- Price per unit
- $165,000
- GRM
- 6.3
Each month
- Cash flow
- $753/mo
- Cash-on-cash
- 11.9%
- Cap rate
- 9.1%
- DSCR
- 1.43×
Break-even
- Price that breaks even
- $471,383
- Rent that breaks even
- $3,373/mo
Long run
- Year 30: property vs stocks
- $2.59M vs $578K
- Cash flow turns positive
- year 1
The deal
- Price
- $330,000
- Cash to close
- $75,900
- Price per unit
- $165,000
- GRM
- 6.3
Each month
- Cash flow
- $384/mo
- Cash-on-cash
- 6.1%
- Cap rate
- 7.8%
- DSCR
- 1.22×
Break-even
- Price that breaks even
- $402,240
- Rent that breaks even
- $3,789/mo
Long run
- Year 30: property vs stocks
- $2.01M vs $578K
- Cash flow turns positive
- year 1
The deal
- Price
- $340,000
- Cash to close
- $95,200
- Price per unit
- $170,000
- GRM
- 6.5
Each month
- Cash flow
- $812/mo
- Cash-on-cash
- 10.2%
- Cap rate
- 8.9%
- DSCR
- 1.48×
Break-even
- Price that breaks even
- $502,809
- Rent that breaks even
- $3,295/mo
Long run
- Year 30: property vs stocks
- $2.68M vs $725K
- Cash flow turns positive
- year 1
The deal
- Price
- $340,000
- Cash to close
- $95,200
- Price per unit
- $170,000
- GRM
- 6.5
Each month
- Cash flow
- $444/mo
- Cash-on-cash
- 5.6%
- Cap rate
- 7.6%
- DSCR
- 1.26×
Break-even
- Price that breaks even
- $429,056
- Rent that breaks even
- $3,702/mo
Long run
- Year 30: property vs stocks
- $2.11M vs $725K
- Cash flow turns positive
- year 1
The deal
- Price
- $330,000
- Cash to close
- $92,400
- Price per unit
- $165,000
- GRM
- 6.3
Each month
- Cash flow
- $862/mo
- Cash-on-cash
- 11.2%
- Cap rate
- 9.1%
- DSCR
- 1.52×
Break-even
- Price that breaks even
- $502,809
- Rent that breaks even
- $3,230/mo
Long run
- Year 30: property vs stocks
- $2.71M vs $703K
- Cash flow turns positive
- year 1
The deal
- Price
- $330,000
- Cash to close
- $92,400
- Price per unit
- $165,000
- GRM
- 6.3
Each month
- Cash flow
- $494/mo
- Cash-on-cash
- 6.4%
- Cap rate
- 7.8%
- DSCR
- 1.30×
Break-even
- Price that breaks even
- $429,056
- Rent that breaks even
- $3,629/mo
Long run
- Year 30: property vs stocks
- $2.14M vs $703K
- Cash flow turns positive
- year 1
Monthly
Monthly breakdown
| Rent | $4,350 |
| Vacancy (6%) | −$261 |
| Collected | $4,089 |
| Property tax Listing | −$388 |
| Insurance Estimate | −$223 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$348 |
| Capital reserve (9% of rent) | −$392 |
| Net operating income | $2,509 |
| Mortgage (principal + interest) | −$2,036 |
| PMI | −$191 |
| Cash flow | $282 |
| Principal paid down (equity, not cash) | $259 |
| Rent | $4,350 |
| Vacancy (6%) | −$261 |
| Collected | $4,089 |
| Property tax Listing | −$388 |
| Insurance Estimate | −$223 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$348 |
| Capital reserve (9% of rent) | −$392 |
| Property management | −$368 |
| Net operating income | $2,141 |
| Mortgage (principal + interest) | −$2,036 |
| PMI | −$191 |
| Cash flow | −$86 |
| Principal paid down (equity, not cash) | $259 |
| Rent | $4,350 |
| Vacancy (6%) | −$261 |
| Collected | $4,089 |
| Property tax Listing | −$388 |
| Insurance Estimate | −$223 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$348 |
| Capital reserve (9% of rent) | −$392 |
| Net operating income | $2,509 |
| Mortgage (principal + interest) | −$1,976 |
| PMI | −$186 |
| Cash flow | $347 |
| Principal paid down (equity, not cash) | $251 |
| Rent | $4,350 |
| Vacancy (6%) | −$261 |
| Collected | $4,089 |
| Property tax Listing | −$388 |
| Insurance Estimate | −$223 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$348 |
| Capital reserve (9% of rent) | −$392 |
| Property management | −$368 |
| Net operating income | $2,141 |
| Mortgage (principal + interest) | −$1,976 |
| PMI | −$186 |
| Cash flow | −$21 |
| Principal paid down (equity, not cash) | $251 |
| Rent | $4,350 |
| Vacancy (6%) | −$261 |
| Collected | $4,089 |
| Property tax Listing | −$388 |
| Insurance Estimate | −$223 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$348 |
| Capital reserve (9% of rent) | −$392 |
| Net operating income | $2,509 |
| Mortgage (principal + interest) | −$1,810 |
| Cash flow | $699 |
| Principal paid down (equity, not cash) | $230 |
| Rent | $4,350 |
| Vacancy (6%) | −$261 |
| Collected | $4,089 |
| Property tax Listing | −$388 |
| Insurance Estimate | −$223 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$348 |
| Capital reserve (9% of rent) | −$392 |
| Property management | −$368 |
| Net operating income | $2,141 |
| Mortgage (principal + interest) | −$1,810 |
| Cash flow | $331 |
| Principal paid down (equity, not cash) | $230 |
| Rent | $4,350 |
| Vacancy (6%) | −$261 |
| Collected | $4,089 |
| Property tax Listing | −$388 |
| Insurance Estimate | −$223 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$348 |
| Capital reserve (9% of rent) | −$392 |
| Net operating income | $2,509 |
| Mortgage (principal + interest) | −$1,756 |
| Cash flow | $753 |
| Principal paid down (equity, not cash) | $223 |
| Rent | $4,350 |
| Vacancy (6%) | −$261 |
| Collected | $4,089 |
| Property tax Listing | −$388 |
| Insurance Estimate | −$223 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$348 |
| Capital reserve (9% of rent) | −$392 |
| Property management | −$368 |
| Net operating income | $2,141 |
| Mortgage (principal + interest) | −$1,756 |
| Cash flow | $384 |
| Principal paid down (equity, not cash) | $223 |
| Rent | $4,350 |
| Vacancy (6%) | −$261 |
| Collected | $4,089 |
| Property tax Listing | −$388 |
| Insurance Estimate | −$223 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$348 |
| Capital reserve (9% of rent) | −$392 |
| Net operating income | $2,509 |
| Mortgage (principal + interest) | −$1,697 |
| Cash flow | $812 |
| Principal paid down (equity, not cash) | $216 |
| Rent | $4,350 |
| Vacancy (6%) | −$261 |
| Collected | $4,089 |
| Property tax Listing | −$388 |
| Insurance Estimate | −$223 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$348 |
| Capital reserve (9% of rent) | −$392 |
| Property management | −$368 |
| Net operating income | $2,141 |
| Mortgage (principal + interest) | −$1,697 |
| Cash flow | $444 |
| Principal paid down (equity, not cash) | $216 |
| Rent | $4,350 |
| Vacancy (6%) | −$261 |
| Collected | $4,089 |
| Property tax Listing | −$388 |
| Insurance Estimate | −$223 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$348 |
| Capital reserve (9% of rent) | −$392 |
| Net operating income | $2,509 |
| Mortgage (principal + interest) | −$1,647 |
| Cash flow | $862 |
| Principal paid down (equity, not cash) | $210 |
| Rent | $4,350 |
| Vacancy (6%) | −$261 |
| Collected | $4,089 |
| Property tax Listing | −$388 |
| Insurance Estimate | −$223 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$348 |
| Capital reserve (9% of rent) | −$392 |
| Property management | −$368 |
| Net operating income | $2,141 |
| Mortgage (principal + interest) | −$1,647 |
| Cash flow | $494 |
| Principal paid down (equity, not cash) | $210 |
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
- $775,753
- Rental profits, invested at 7%
- $1,458,335
Sells for $825,269 (value up 3% a year), minus 6% selling cost ($49,516). Rent paid down $306,000 of loan.
$649,441 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $336,462
$44,200 put into an index fund instead of the down payment and closing costs.
The building comes out $1,897,626 ahead after 30 years.
- Your equity when you sell
- $775,753
- Rental profits, invested at 7%
- $895,341
Sells for $825,269 (value up 3% a year), minus 6% selling cost ($49,516). Rent paid down $306,000 of loan.
$440,690 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $336,462
- Monthly shortfalls, invested
- $9,445
$44,200 put into an index fund instead of the down payment and closing costs.
$1,348 you'd have paid in while the building lost money, invested instead.
The building comes out $1,325,188 ahead after 30 years.
- Your equity when you sell
- $752,937
- Rental profits, invested at 7%
- $1,527,948
Sells for $800,997 (value up 3% a year), minus 6% selling cost ($48,060). Rent paid down $297,000 of loan.
$671,267 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $326,566
$42,900 put into an index fund instead of the down payment and closing costs.
The building comes out $1,954,319 ahead after 30 years.
- Your equity when you sell
- $752,937
- Rental profits, invested at 7%
- $957,275
Sells for $800,997 (value up 3% a year), minus 6% selling cost ($48,060). Rent paid down $297,000 of loan.
$461,416 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $326,566
- Monthly shortfalls, invested
- $1,766
$42,900 put into an index fund instead of the down payment and closing costs.
$248 you'd have paid in while the building lost money, invested instead.
The building comes out $1,381,880 ahead after 30 years.
- Your equity when you sell
- $775,753
- Rental profits, invested at 7%
- $1,773,918
Sells for $825,269 (value up 3% a year), minus 6% selling cost ($49,516). Rent paid down $272,000 of loan.
$740,054 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $595,278
$78,200 put into an index fund instead of the down payment and closing costs.
The building comes out $1,954,393 ahead after 30 years.
- Your equity when you sell
- $775,753
- Rental profits, invested at 7%
- $1,201,479
Sells for $825,269 (value up 3% a year), minus 6% selling cost ($49,516). Rent paid down $272,000 of loan.
$529,955 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $595,278
$78,200 put into an index fund instead of the down payment and closing costs.
The building comes out $1,381,954 ahead after 30 years.
- Your equity when you sell
- $752,937
- Rental profits, invested at 7%
- $1,834,249
Sells for $800,997 (value up 3% a year), minus 6% selling cost ($48,060). Rent paid down $264,000 of loan.
$759,214 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $577,770
$75,900 put into an index fund instead of the down payment and closing costs.
The building comes out $2,009,416 ahead after 30 years.
- Your equity when you sell
- $752,937
- Rental profits, invested at 7%
- $1,261,810
Sells for $800,997 (value up 3% a year), minus 6% selling cost ($48,060). Rent paid down $264,000 of loan.
$549,116 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $577,770
$75,900 put into an index fund instead of the down payment and closing costs.
The building comes out $1,436,977 ahead after 30 years.
- Your equity when you sell
- $775,753
- Rental profits, invested at 7%
- $1,902,121
Sells for $825,269 (value up 3% a year), minus 6% selling cost ($49,516). Rent paid down $255,000 of loan.
$780,770 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $724,687
$95,200 put into an index fund instead of the down payment and closing costs.
The building comes out $1,953,188 ahead after 30 years.
- Your equity when you sell
- $775,753
- Rental profits, invested at 7%
- $1,329,683
Sells for $825,269 (value up 3% a year), minus 6% selling cost ($49,516). Rent paid down $255,000 of loan.
$570,672 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $724,687
$95,200 put into an index fund instead of the down payment and closing costs.
The building comes out $1,380,749 ahead after 30 years.
- Your equity when you sell
- $752,937
- Rental profits, invested at 7%
- $1,958,682
Sells for $800,997 (value up 3% a year), minus 6% selling cost ($48,060). Rent paid down $247,500 of loan.
$798,733 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $703,372
$92,400 put into an index fund instead of the down payment and closing costs.
The building comes out $2,008,247 ahead after 30 years.
- Your equity when you sell
- $752,937
- Rental profits, invested at 7%
- $1,386,243
Sells for $800,997 (value up 3% a year), minus 6% selling cost ($48,060). Rent paid down $247,500 of loan.
$588,635 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $703,372
$92,400 put into an index fund instead of the down payment and closing costs.
The building comes out $1,435,808 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 $2.23M, stocks $336K. The property wins.
Year 30 (loan paid off): property $1.67M, stocks $346K. The property wins.
Year 30 (loan paid off): property $2.28M, stocks $327K. The property wins.
Year 30 (loan paid off): property $1.71M, stocks $328K. The property wins.
Year 30 (loan paid off): property $2.55M, stocks $595K. The property wins.
Year 30 (loan paid off): property $1.98M, stocks $595K. The property wins.
Year 30 (loan paid off): property $2.59M, stocks $578K. The property wins.
Year 30 (loan paid off): property $2.01M, stocks $578K. The property wins.
Year 30 (loan paid off): property $2.68M, stocks $725K. The property wins.
Year 30 (loan paid off): property $2.11M, stocks $725K. The property wins.
Year 30 (loan paid off): property $2.71M, stocks $703K. The property wins.
Year 30 (loan paid off): property $2.14M, stocks $703K. 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.
4 bed / 1.5 bath estimate $2,250/mo · range $1,500–$2,975
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 8201 College Trl, Inver Grove Heights 55076 | $620 | 4 / 1.5 | 3.3 mi | 81% |
| 1546 Timberwood Ln, West, Saint Paul 55118 | $3,500 | 4 / 1.5 | 2.3 mi | 81% |
| 1575 11th Ave, Apt 3, Newport 55055 off market | $1,495 | 3 / 2 | 2.2 mi | 79% |
| 842 3rd St, Saint Paul Park 55071 off market | $1,650 | 3 / 2 | 3.0 mi | 77% |
| 1565 Waterloo Ave, West, Saint Paul 55118 off market | $2,800 | 4 / 2 | 2.1 mi | 77% |
| 2110 2nd St S, South Saint Paul 55075 off market | $2,299 | 4 / 1.5 | 1.4 mi | 77% |
| 1132 7th Ave S, South Saint Paul 55075 | $2,649 | 4 / 2 | 0.3 mi | 77% |
| 305 2nd Ave S, South Saint Paul 55075 off market | $2,050 | 4 / — | 0.8 mi | 77% |
| 250 6th Ave N, South Saint Paul 55075 | $1,895 | 3 / 2 | 1.3 mi | 76% |
| 881 High St, Newport 55055 off market | $2,759 | 4 / 2 | 2.0 mi | 76% |
3 bed / 1.5 bath estimate $2,100/mo · range $1,725–$2,450
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 1575 11th Ave, Apt 3, Newport 55055 off market | $1,495 | 3 / 2 | 2.2 mi | 88% |
| 842 3rd St, Saint Paul Park 55071 off market | $1,650 | 3 / 2 | 3.0 mi | 87% |
| 250 6th Ave N, South Saint Paul 55075 | $1,895 | 3 / 2 | 1.3 mi | 86% |
| 708 1st Ave S, South Saint Paul 55075 off market | $1,795 | 3 / 2 | 0.4 mi | 85% |
| 7535 Cloman Way, Inver Grove Heights 55076 off market | $1,950 | 3 / 1 | 2.4 mi | 84% |
| 175 Red Rock Xing, Newport 55055 off market | $1,895 | 3 / 2 | 1.6 mi | 84% |
| 275 Red Rock Xing, Newport 55055 | $2,000 | 3 / 2 | 1.7 mi | 83% |
| 5220 Greystone Dr, Inver Grove Heights 55077 | $2,115 | 3 / 2 | 1.3 mi | 83% |
| 131 8th Ave N, Apt 1, South Saint Paul 55075 off market | $1,650 | 3 / 1 | 1.2 mi | 80% |
| 2208 Wentworth Ave, South Saint Paul 55075 off market | $2,950 | 3 / 1.5 | 1.9 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
- mediumCouldn't match this address to a county parcel record, so taxes and unit count are unverified. Public record: County parcels: no match for 243 PARK ST W
- mediumAbout 74 m from I 494: traffic noise usually costs $50–100/month in rent. Based on: OpenStreetMap: nearest motorway (I 494) at 74 m
- mediumNo rents, lease terms or utility info given; cash flow depends on our estimates Based on: data: rent_estimate · AI review
- mediumHeating type, age and who pays are not stated; photo shows baseboard-style heat in the lower kitchen Based on: photo 5 · AI review
- medium1880 build with a lower unit that has four bedrooms and two baths; check legality, egress and permits for the layout Listing says: The lower unit features four large bedrooms, two full bathrooms within unit · AI review
Opportunities
- Lower unit looks dated (drop ceiling, old flooring, outdated bath); a refresh could support rents toward the high estimate Based on: photo 8 · AI review
- Detached 2-car garage off the alley is a real plus for tenants and could be rented separately Listing says: A spacious detached 2 car garage can be accessed from the alley. · AI review
- In-unit laundry in both units helps keep rents and retention strong Listing says: In-unit laundry machines in each unit. · AI review
Questions for the agent
- What are the current rents, lease end dates and security deposits for each unit? Are both occupied?
- What heats each unit, and who pays heat, water and electric?
- What was renovated in the upper unit, when, and was it permitted?
- Is the lower-unit layout (4 beds, 2 baths) legal, and does the city rental license cover both units?
- What are the real property taxes and any special assessments?
- Why has it been on the market 52 days, and how old are the roof, panel and water heaters?
Bottom line
Numbers look decent on paper at $340K, but with no rents, unverified taxes and mixed condition, treat it as a showing candidate until the rent roll and systems check out. 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. | $4,652 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $2,675 |
| 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 1880: +1 pt capital reserve | 8% / 9% |
Price history Realtor.com
On the market since 2026-08-14 (52 days); down $9,900 (2.8%) from the first ask of $349,900; last sold for $325,000 on 2024-05-15.
| Date | Event | Price |
|---|---|---|
| Price changed | $340,000 | |
| Listed | $349,900 | |
| Sold | $325,000 | |
| Sold | $325,000 | |
| Price changed | $325,000 | |
| Listed | $345,000 | |
| Sold public record | $210,273 | |
| Sold | $210,273 | |
| Listed | $250,000 | |
| Sold public record | $253,000 | |
| Sold public record | $219,300 |
From the listing Listing
| Listed as | duplex up and down |
| Property tax, 2026 | $4,652 |
| County | Dakota |
| Parcel number | 366582002050 |
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 South Saint Paul on rental licensing before you buy.
Nearest highway
I 494, about 74 m away.