306 King St W
Triplex · 3 units: 2 bed / 1 bath ×2 and 1 bed / 1 bath unit split estimated · 2,226 sq ft
Saint Paul, MN · West Side (Cherokee Heights, District del Sol) · View the listing ↗
Photos, via Realtor.com.
- Asking price
- $379,999 3 units · $127K per unit
- Monthly cash flow
- $37 at 20% down, 7%
- Estimated rent
- $4,250/mo medium confidence
- Break-even price
- $386,989 where cash flow hits $0
First look
This is a 1888 West Side triplex asking $379,999, and the numbers just about work at that price. Our underwriting shows about +$37/month at 20% down with a 6.5% cap rate, and break-even is near $386,989, so the ask is roughly $7K below break-even. The seller paid $335K in 2023, and the county values it at $343,800. The listing gives no rents, no lease terms and no utility details, only a $4,000/month 'market' figure that is a projection. Photos show dated, cosmetic finishes and no mechanicals, so ask for the rent roll, utility bills and the rental license status first. It only merits a showing if the rents hold up and the seller won't push the price up.
Things to consider
- Price is roughly at what the numbers support Underwriting shows slightly positive cash flow of about $37 a month at the ask. Break-even is near $386,989.
- Rents are projections, not income The $4,000 figure is a market estimate. Our unit estimates are $1,600, $1,600 and $1,050, which total $4,250. Sitting tenants are capped at 3% a year.
- Unit-level heat and utilities are unclear Owner-paid utilities or shared systems would cut cash flow and are not disclosed.Listing says: “a high-efficiency furnace, updated flooring, insulated attic and crawlspace”
- Rental license is lapsed on record An unlicensed or uninspected triplex can bring fines and delay rent collection or financing.
- Finishes look cosmetic and dated Paneling and worn floors suggest unit turns will need cash even if systems were updated.From photo 4
- Taxes and assessments weigh on income Taxes are $7,191 for non-homestead plus $649 in assessments, a big expense against roughly $51K gross rent.
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
- doneNewer vinyl windowsListing says: newer vinyl windows, updated electrical panels, upgraded PEX and copper plumbing
- doneUpdated electrical panelsListing says: updated electrical panels, upgraded PEX and copper plumbing, a high-efficiency furnace
- donePEX and copper plumbing upgradeListing says: upgraded PEX and copper plumbing, a high-efficiency furnace, updated flooring
- doneHigh-efficiency furnaceListing says: a high-efficiency furnace, updated flooring, insulated attic and crawlspace
- doneInsulated attic and crawlspaceListing says: insulated attic and crawlspace, and maintenance-free front decking
- doneMaintenance-free front deckingListing says: insulated attic and crawlspace, and maintenance-free front decking
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
- $379,999
- Cash to close
- $49,400
- Price per unit
- $126,666
- GRM
- 7.5
Each month
- Cash flow
- −$429/mo
- Cash-on-cash
- −10.4%
- Cap rate
- 6.5%
- DSCR
- 0.83×
Break-even
- Price that breaks even
- $314,450
- Rent that breaks even
- $4,808/mo
Long run
- Year 30: property vs stocks
- $1.42M vs $484K
- Cash flow turns positive
- year 5
The deal
- Price
- $379,999
- Cash to close
- $49,400
- Price per unit
- $126,666
- GRM
- 7.5
Each month
- Cash flow
- −$789/mo
- Cash-on-cash
- −19.2%
- Cap rate
- 5.4%
- DSCR
- 0.68×
Break-even
- Price that breaks even
- $259,559
- Rent that breaks even
- $5,401/mo
Long run
- Year 30: property vs stocks
- $1.07M vs $694K
- Cash flow turns positive
- year 13
The deal
- Price
- $369,999
- Cash to close
- $48,100
- Price per unit
- $123,333
- GRM
- 7.3
Each month
- Cash flow
- −$364/mo
- Cash-on-cash
- −9.1%
- Cap rate
- 6.7%
- DSCR
- 0.85×
Break-even
- Price that breaks even
- $314,450
- Rent that breaks even
- $4,723/mo
Long run
- Year 30: property vs stocks
- $1.45M vs $454K
- Cash flow turns positive
- year 5
The deal
- Price
- $369,999
- Cash to close
- $48,100
- Price per unit
- $123,333
- GRM
- 7.3
Each month
- Cash flow
- −$723/mo
- Cash-on-cash
- −18.0%
- Cap rate
- 5.5%
- DSCR
- 0.70×
Break-even
- Price that breaks even
- $259,559
- Rent that breaks even
- $5,305/mo
Long run
- Year 30: property vs stocks
- $1.08M vs $640K
- Cash flow turns positive
- year 12
The deal
- Price
- $379,999
- Cash to close
- $87,400
- Price per unit
- $126,666
- GRM
- 7.5
Each month
- Cash flow
- $37/mo
- Cash-on-cash
- 0.5%
- Cap rate
- 6.5%
- DSCR
- 1.02×
Break-even
- Price that breaks even
- $386,989
- Rent that breaks even
- $4,202/mo
Long run
- Year 30: property vs stocks
- $1.67M vs $665K
- Cash flow turns positive
- year 1
The deal
- Price
- $379,999
- Cash to close
- $87,400
- Price per unit
- $126,666
- GRM
- 7.5
Each month
- Cash flow
- −$322/mo
- Cash-on-cash
- −4.4%
- Cap rate
- 5.4%
- DSCR
- 0.84×
Break-even
- Price that breaks even
- $319,435
- Rent that breaks even
- $4,720/mo
Long run
- Year 30: property vs stocks
- $1.20M vs $761K
- Cash flow turns positive
- year 8
The deal
- Price
- $369,999
- Cash to close
- $85,100
- Price per unit
- $123,333
- GRM
- 7.3
Each month
- Cash flow
- $90/mo
- Cash-on-cash
- 1.3%
- Cap rate
- 6.7%
- DSCR
- 1.05×
Break-even
- Price that breaks even
- $386,989
- Rent that breaks even
- $4,133/mo
Long run
- Year 30: property vs stocks
- $1.70M vs $648K
- Cash flow turns positive
- year 1
The deal
- Price
- $369,999
- Cash to close
- $85,100
- Price per unit
- $123,333
- GRM
- 7.3
Each month
- Cash flow
- −$269/mo
- Cash-on-cash
- −3.8%
- Cap rate
- 5.5%
- DSCR
- 0.86×
Break-even
- Price that breaks even
- $319,435
- Rent that breaks even
- $4,643/mo
Long run
- Year 30: property vs stocks
- $1.22M vs $718K
- Cash flow turns positive
- year 7
The deal
- Price
- $379,999
- Cash to close
- $106,400
- Price per unit
- $126,666
- GRM
- 7.5
Each month
- Cash flow
- $164/mo
- Cash-on-cash
- 1.8%
- Cap rate
- 6.5%
- DSCR
- 1.09×
Break-even
- Price that breaks even
- $412,788
- Rent that breaks even
- $4,038/mo
Long run
- Year 30: property vs stocks
- $1.81M vs $810K
- Cash flow turns positive
- year 1
The deal
- Price
- $379,999
- Cash to close
- $106,400
- Price per unit
- $126,666
- GRM
- 7.5
Each month
- Cash flow
- −$196/mo
- Cash-on-cash
- −2.2%
- Cap rate
- 5.4%
- DSCR
- 0.90×
Break-even
- Price that breaks even
- $340,731
- Rent that breaks even
- $4,536/mo
Long run
- Year 30: property vs stocks
- $1.29M vs $851K
- Cash flow turns positive
- year 6
The deal
- Price
- $369,999
- Cash to close
- $103,600
- Price per unit
- $123,333
- GRM
- 7.3
Each month
- Cash flow
- $214/mo
- Cash-on-cash
- 2.5%
- Cap rate
- 6.7%
- DSCR
- 1.12×
Break-even
- Price that breaks even
- $412,788
- Rent that breaks even
- $3,973/mo
Long run
- Year 30: property vs stocks
- $1.84M vs $789K
- Cash flow turns positive
- year 1
The deal
- Price
- $369,999
- Cash to close
- $103,600
- Price per unit
- $123,333
- GRM
- 7.3
Each month
- Cash flow
- −$146/mo
- Cash-on-cash
- −1.7%
- Cap rate
- 5.5%
- DSCR
- 0.92×
Break-even
- Price that breaks even
- $340,731
- Rent that breaks even
- $4,463/mo
Long run
- Year 30: property vs stocks
- $1.31M vs $814K
- Cash flow turns positive
- year 5
Monthly
Monthly breakdown
| Rent | $4,250 |
| Vacancy (6%) | −$255 |
| Collected | $3,995 |
| Property tax Public record | −$599 |
| Insurance Estimate | −$299 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$340 |
| Capital reserve (9% of rent) | −$382 |
| Net operating income | $2,060 |
| Mortgage (principal + interest) | −$2,275 |
| PMI | −$214 |
| Cash flow | −$429 |
| Principal paid down (equity, not cash) | $290 |
| Rent | $4,250 |
| Vacancy (6%) | −$255 |
| Collected | $3,995 |
| Property tax Public record | −$599 |
| Insurance Estimate | −$299 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$340 |
| Capital reserve (9% of rent) | −$382 |
| Property management | −$360 |
| Net operating income | $1,700 |
| Mortgage (principal + interest) | −$2,275 |
| PMI | −$214 |
| Cash flow | −$789 |
| Principal paid down (equity, not cash) | $290 |
| Rent | $4,250 |
| Vacancy (6%) | −$255 |
| Collected | $3,995 |
| Property tax Public record | −$599 |
| Insurance Estimate | −$299 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$340 |
| Capital reserve (9% of rent) | −$382 |
| Net operating income | $2,060 |
| Mortgage (principal + interest) | −$2,215 |
| PMI | −$208 |
| Cash flow | −$364 |
| Principal paid down (equity, not cash) | $282 |
| Rent | $4,250 |
| Vacancy (6%) | −$255 |
| Collected | $3,995 |
| Property tax Public record | −$599 |
| Insurance Estimate | −$299 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$340 |
| Capital reserve (9% of rent) | −$382 |
| Property management | −$360 |
| Net operating income | $1,700 |
| Mortgage (principal + interest) | −$2,215 |
| PMI | −$208 |
| Cash flow | −$723 |
| Principal paid down (equity, not cash) | $282 |
| Rent | $4,250 |
| Vacancy (6%) | −$255 |
| Collected | $3,995 |
| Property tax Public record | −$599 |
| Insurance Estimate | −$299 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$340 |
| Capital reserve (9% of rent) | −$382 |
| Net operating income | $2,060 |
| Mortgage (principal + interest) | −$2,023 |
| Cash flow | $37 |
| Principal paid down (equity, not cash) | $257 |
| Rent | $4,250 |
| Vacancy (6%) | −$255 |
| Collected | $3,995 |
| Property tax Public record | −$599 |
| Insurance Estimate | −$299 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$340 |
| Capital reserve (9% of rent) | −$382 |
| Property management | −$360 |
| Net operating income | $1,700 |
| Mortgage (principal + interest) | −$2,023 |
| Cash flow | −$322 |
| Principal paid down (equity, not cash) | $257 |
| Rent | $4,250 |
| Vacancy (6%) | −$255 |
| Collected | $3,995 |
| Property tax Public record | −$599 |
| Insurance Estimate | −$299 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$340 |
| Capital reserve (9% of rent) | −$382 |
| Net operating income | $2,060 |
| Mortgage (principal + interest) | −$1,969 |
| Cash flow | $90 |
| Principal paid down (equity, not cash) | $251 |
| Rent | $4,250 |
| Vacancy (6%) | −$255 |
| Collected | $3,995 |
| Property tax Public record | −$599 |
| Insurance Estimate | −$299 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$340 |
| Capital reserve (9% of rent) | −$382 |
| Property management | −$360 |
| Net operating income | $1,700 |
| Mortgage (principal + interest) | −$1,969 |
| Cash flow | −$269 |
| Principal paid down (equity, not cash) | $251 |
| Rent | $4,250 |
| Vacancy (6%) | −$255 |
| Collected | $3,995 |
| Property tax Public record | −$599 |
| Insurance Estimate | −$299 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$340 |
| Capital reserve (9% of rent) | −$382 |
| Net operating income | $2,060 |
| Mortgage (principal + interest) | −$1,896 |
| Cash flow | $164 |
| Principal paid down (equity, not cash) | $241 |
| Rent | $4,250 |
| Vacancy (6%) | −$255 |
| Collected | $3,995 |
| Property tax Public record | −$599 |
| Insurance Estimate | −$299 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$340 |
| Capital reserve (9% of rent) | −$382 |
| Property management | −$360 |
| Net operating income | $1,700 |
| Mortgage (principal + interest) | −$1,896 |
| Cash flow | −$196 |
| Principal paid down (equity, not cash) | $241 |
| Rent | $4,250 |
| Vacancy (6%) | −$255 |
| Collected | $3,995 |
| Property tax Public record | −$599 |
| Insurance Estimate | −$299 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$340 |
| Capital reserve (9% of rent) | −$382 |
| Net operating income | $2,060 |
| Mortgage (principal + interest) | −$1,846 |
| Cash flow | $214 |
| Principal paid down (equity, not cash) | $235 |
| Rent | $4,250 |
| Vacancy (6%) | −$255 |
| Collected | $3,995 |
| Property tax Public record | −$599 |
| Insurance Estimate | −$299 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$340 |
| Capital reserve (9% of rent) | −$382 |
| Property management | −$360 |
| Net operating income | $1,700 |
| Mortgage (principal + interest) | −$1,846 |
| Cash flow | −$146 |
| Principal paid down (equity, not cash) | $235 |
Cash flow each year
Rents +3%/yr (St. Paul's cap for sitting tenants), 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
- $867,016
- Rental profits, invested at 7%
- $554,939
Sells for $922,357 (value up 3% a year), minus 6% selling cost ($55,341). Rent paid down $341,999 of loan.
$304,150 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $376,044
- Monthly shortfalls, invested
- $108,025
$49,400 put into an index fund instead of the down payment and closing costs.
$16,526 you'd have paid in while the building lost money, invested instead.
The building comes out $937,885 ahead after 30 years.
- Your equity when you sell
- $867,016
- Rental profits, invested at 7%
- $205,194
Sells for $922,357 (value up 3% a year), minus 6% selling cost ($55,341). Rent paid down $341,999 of loan.
$136,682 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $376,044
- Monthly shortfalls, invested
- $317,560
$49,400 put into an index fund instead of the down payment and closing costs.
$54,327 you'd have paid in while the building lost money, invested instead.
The building comes out $378,606 ahead after 30 years.
- Your equity when you sell
- $844,200
- Rental profits, invested at 7%
- $604,284
Sells for $898,085 (value up 3% a year), minus 6% selling cost ($53,885). Rent paid down $332,999 of loan.
$322,831 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $366,148
- Monthly shortfalls, invested
- $87,758
$48,100 put into an index fund instead of the down payment and closing costs.
$13,382 you'd have paid in while the building lost money, invested instead.
The building comes out $994,578 ahead after 30 years.
- Your equity when you sell
- $844,200
- Rental profits, invested at 7%
- $231,494
Sells for $898,085 (value up 3% a year), minus 6% selling cost ($53,885). Rent paid down $332,999 of loan.
$150,169 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $366,148
- Monthly shortfalls, invested
- $274,247
$48,100 put into an index fund instead of the down payment and closing costs.
$45,988 you'd have paid in while the building lost money, invested instead.
The building comes out $435,299 ahead after 30 years.
- Your equity when you sell
- $867,016
- Rental profits, invested at 7%
- $799,623
Sells for $922,357 (value up 3% a year), minus 6% selling cost ($55,341). Rent paid down $303,999 of loan.
$388,896 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $665,309
$87,400 put into an index fund instead of the down payment and closing costs.
The building comes out $1,001,330 ahead after 30 years.
- Your equity when you sell
- $867,016
- Rental profits, invested at 7%
- $336,142
Sells for $922,357 (value up 3% a year), minus 6% selling cost ($55,341). Rent paid down $303,999 of loan.
$198,891 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $665,309
- Monthly shortfalls, invested
- $95,799
$87,400 put into an index fund instead of the down payment and closing costs.
$15,264 you'd have paid in while the building lost money, invested instead.
The building comes out $442,050 ahead after 30 years.
- Your equity when you sell
- $844,200
- Rental profits, invested at 7%
- $859,954
Sells for $898,085 (value up 3% a year), minus 6% selling cost ($53,885). Rent paid down $295,999 of loan.
$408,057 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $647,801
$85,100 put into an index fund instead of the down payment and closing costs.
The building comes out $1,056,352 ahead after 30 years.
- Your equity when you sell
- $844,200
- Rental profits, invested at 7%
- $371,301
Sells for $898,085 (value up 3% a year), minus 6% selling cost ($53,885). Rent paid down $295,999 of loan.
$213,798 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $647,801
- Monthly shortfalls, invested
- $70,627
$85,100 put into an index fund instead of the down payment and closing costs.
$11,010 you'd have paid in while the building lost money, invested instead.
The building comes out $497,073 ahead after 30 years.
- Your equity when you sell
- $867,016
- Rental profits, invested at 7%
- $942,909
Sells for $922,357 (value up 3% a year), minus 6% selling cost ($55,341). Rent paid down $284,999 of loan.
$434,403 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $809,942
$106,400 put into an index fund instead of the down payment and closing costs.
The building comes out $999,983 ahead after 30 years.
- Your equity when you sell
- $867,016
- Rental profits, invested at 7%
- $424,851
Sells for $922,357 (value up 3% a year), minus 6% selling cost ($55,341). Rent paid down $284,999 of loan.
$235,360 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $809,942
- Monthly shortfalls, invested
- $41,221
$106,400 put into an index fund instead of the down payment and closing costs.
$6,226 you'd have paid in while the building lost money, invested instead.
The building comes out $440,704 ahead after 30 years.
- Your equity when you sell
- $844,200
- Rental profits, invested at 7%
- $999,469
Sells for $898,085 (value up 3% a year), minus 6% selling cost ($53,885). Rent paid down $277,499 of loan.
$452,366 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $788,627
$103,600 put into an index fund instead of the down payment and closing costs.
The building comes out $1,055,042 ahead after 30 years.
- Your equity when you sell
- $844,200
- Rental profits, invested at 7%
- $465,370
Sells for $898,085 (value up 3% a year), minus 6% selling cost ($53,885). Rent paid down $277,499 of loan.
$250,817 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $788,627
- Monthly shortfalls, invested
- $25,180
$103,600 put into an index fund instead of the down payment and closing costs.
$3,719 you'd have paid in while the building lost money, invested instead.
The building comes out $495,762 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 $1.42M, stocks $484K. The property wins.
Year 30 (loan paid off): property $1.07M, stocks $694K. The property wins.
Year 30 (loan paid off): property $1.45M, stocks $454K. The property wins.
Year 30 (loan paid off): property $1.08M, stocks $640K. The property wins.
Year 30 (loan paid off): property $1.67M, stocks $665K. The property wins.
Year 30 (loan paid off): property $1.20M, stocks $761K. The property wins.
Year 30 (loan paid off): property $1.70M, stocks $648K. The property wins.
Year 30 (loan paid off): property $1.22M, stocks $718K. The property wins.
Year 30 (loan paid off): property $1.81M, stocks $810K. The property wins.
Year 30 (loan paid off): property $1.29M, stocks $851K. The property wins.
Year 30 (loan paid off): property $1.84M, stocks $789K. The property wins.
Year 30 (loan paid off): property $1.31M, stocks $814K. 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 $1,600/mo · range $1,350–$1,800
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 554 Bellows St, Saint Paul 55107 | $1,075 | 2 / 1 | 0.3 mi | 94% |
| 554 Bellows St, Apt 11, Saint Paul 55107 | $1,075 | 2 / 1 | 0.3 mi | 94% |
| 201 Goodrich Ave, Saint Paul 55102 off market | $1,550 | 2 / 1 | 0.9 mi | 91% |
| 352 Morton St W, Unit Upper, Saint Paul 55107 off market | $1,600 | 2 / 1 | 0.2 mi | 90% |
| 272 George St W, Saint Paul 55107 off market | $1,250 | 2 / 1 | 0.2 mi | 89% |
| 271 W Sturgis St, Saint Paul 55102 off market | $1,731 | 2 / 1 | 1.0 mi | 88% |
| 275 W Sturgis St, Saint Paul 55102 off market | $1,590 | 2 / 1 | 1.0 mi | 87% |
| 273 W Sturgis St, Saint Paul 55102 off market | $1,590 | 2 / 1 | 1.0 mi | 87% |
| 25 Delos St W, Unit B, Saint Paul 55107 off market | $1,695 | 2 / 1 | 0.8 mi | 87% |
| 884-886 Cherokee Ave, West, Saint Paul 55118 off market | $1,600 | 2 / 1 | 0.6 mi | 87% |
1 bed / 1 bath estimate $1,050/mo · range $1,000–$1,125
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 554 Bellows St, Apt 8, Saint Paul 55107 | $1,000 | 1 / 1 | 0.3 mi | 94% |
| 554 Bellows St, Apt 13, Saint Paul 55107 off market | $1,025 | 1 / 1 | 0.3 mi | 94% |
| 554 Bellows St, Apt 10, Saint Paul 55107 off market | $1,075 | 1 / 1 | 0.3 mi | 94% |
| 654 Stryker Ave, Apt 3, Saint Paul 55107 off market | $1,090 | 1 / 1 | 0.5 mi | 93% |
| 654 Stryker Ave, Apt 1, Saint Paul 55107 off market | $1,090 | 1 / 1 | 0.5 mi | 93% |
| 65 George, Unit 1, Saint Paul 55107 off market | $950 | 1 / 1 | 0.5 mi | 93% |
| 240 Spring St, Unit 44, Saint Paul 55102 | $1,200 | 1 / 1 | 0.9 mi | 93% |
| 149 Morton St E, Saint Paul 55107 | $1,125 | 1 / 1 | 0.9 mi | 93% |
| 586 7th St W, Saint Paul 55102 | $950 | 1 / 1 | 1.0 mi | 93% |
| 283 Harrison Ave, Saint Paul 55102 off market | $1,085 | 1 / 1 | 1.1 mi | 92% |
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
- highDescription gives no actual rents or lease status, only a projected figure. Income is unverified. Listing says: an estimated $4,000/month in gross market rents · AI review
- highPrice is well above the break-even price and above the 2023 purchase and county value. Based on: data: underwriting.break_even_price · AI review
- mediumRental license shows renewal due and expired in 2024. Confirm it is current for 3 units. Based on: data: city.rental_license · AI review
- low$649 in special assessments on the payable 2026 tax bill (often street, sewer or code-enforcement charges). Ask what they're for, whether they continue, and whether the seller pays them off at closing. Public record: Ramsey County parcel 072822240142: special assessments (payable 2026) = $648.76
- lowListed 49 days with no price history in the facts. The renovation claims are vague, with no dates or permits. Listing says: The property has benefited from numerous improvements designed to add value · AI review
Opportunities
- Owner-occupant could live in one unit and collect rent from the others. Listing says: an owner-occupant interested in living in one unit while collecting rent from the others · AI review
- Updated systems may mean lower near-term capital spending if verified. Listing says: updated electrical panels, upgraded PEX and copper plumbing, a high-efficiency furnace · AI review
Questions for the agent
- What are the current rents and lease end dates for each unit, and can you share the rent roll?
- Which utilities does the owner pay, and what were the trailing-12 bills?
- What are the $649 special assessments for, and does the seller pay them off at closing?
- When were the furnace, windows, panels and plumbing done, and were they permitted?
- Is the rental license current for 3 units, and when was the last city inspection?
- Does each unit have its own furnace and meters, or is it one shared system?
Bottom line
A dated 1888 triplex priced about $7K below where our numbers break even, with no rents given, so worth pursuing only if the rents are verified. AI-assisted summary
What the records say
Where each number comes from
| Property tax / yr Public recordRamsey County record, payable 2026 (non-homestead) | $7,191 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $3,582 |
| 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 1888: +1 pt capital reserve | 8% / 9% |
Price history Realtor.com
On the market since 2026-03-13 (206 days, relisted 1×); down $35,000 (8.4%) from the first ask of $414,999; last sold for $335,000 on 2023-06-30.
| Date | Event | Price |
|---|---|---|
| Price changed | $379,999 | |
| Listed | $389,999 | |
| Removed | $399,000 | |
| Price changed | $399,000 | |
| Price changed | $407,500 | |
| Listed | $414,999 | |
| Sold | $335,000 | |
| Removed | $299,900 | |
| Removed | $211,900 | |
| Removed | $79,900 | |
| Sold | $62,900 | |
| Price changed | $69,900 | |
| Listed | $74,900 | |
| Price changed | $79,900 | |
| Price changed | $89,900 | |
| Price changed | $94,900 | |
| Price changed | $99,900 | |
| Listed | $105,900 | |
| Sold public record | $197,500 | |
| Listed | $211,900 | |
| Sold public record | $24,000 | |
| Sold public record | $75,000 |
County record Public record
| Recorded as | three family dwelling, platted lot |
| Living units | 3 |
| Year built | 1888 |
| Market value (2026) | $343,800 |
| Property tax, payable 2026 | $7,191 |
| Special assessments | $649 |
| Homestead | no |
| Last sale | 2023-06-30 · $335,000 |
Source: Ramsey County parcel records.
City rental certificate (CofO)
Residential 3+ Units: 3 unit(s), A, status renewal due, renews 2024-12-19.
Nearest highway
CH 37, about 1229 m away.
Crime in West Side
708 incidents in the last 12 months (45 per 1,000 residents), −17% vs. the year before. St. Paul police incidents, excluding proactive visits and community events.