Photos courtesy of True Real Estate - Broker, via Realtor.com.
- Asking price
- $174,900 3 units · $58K per unit
- Monthly cash flow
- $191 at 20% down, 7%
- Estimated rent
- $2,400/mo high confidence
- Break-even price
- $210,853 where cash flow hits $0
First look
This is a low-priced Fairmont triplex at $174,900 with three roughly equal units, and our model shows about $191/month cash flow and a 7.7% cap at ask. That depends on unverified taxes, since we couldn't match a county parcel. The description is thin: no rents, no lease terms, no utility details beyond 'sub metered'. Photos show a low-slung one-story building with cosmetic updates, an unfinished basement, and one furnace and washer/dryer visible, so confirm what each unit really has. Worth a showing if the rent roll and tax bill hold up, and if the seller-agent's story on the sub-metering checks out.
Things to consider
- Rents are not stated anywhere Cash flow rests on our estimates of $700-$925 per unit. Real rents, leases and tenant payment history decide whether the 7.7% cap is real.
- Taxes are unverified The county match failed, so the tax figure in our model may be off. A higher investor tax bill would cut cash flow.
- Utility setup is unclear If the owner pays any heat or common electric, expenses rise. Sub-metering needs to be legal and documented.Listing says: “each with sub metered utilities to make leasing units easier”
- Systems and building age A 1940 building with a block basement needs inspection of the furnace, water heater, panels, roof and foundation, none of which are described.From photo 7
- Priced low with room to negotiate Break-even price is well above ask, so the numbers have some cushion if costs come in higher than expected.
From the photos
Based on 10 of the listing photos. Photos can hide as much as they show; an inspection is the real answer.
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
- $174,900
- Cash to close
- $22,737
- Price per unit
- $58,300
- GRM
- 6.1
Each month
- Cash flow
- −$23/mo
- Cash-on-cash
- −1.2%
- Cap rate
- 7.7%
- DSCR
- 0.98×
Break-even
- Price that breaks even
- $171,330
- Rent that breaks even
- $2,430/mo
Long run
- Year 30: property vs stocks
- $860K vs $183K
- Cash flow turns positive
- year 2
The deal
- Price
- $174,900
- Cash to close
- $22,737
- Price per unit
- $58,300
- GRM
- 6.1
Each month
- Cash flow
- −$226/mo
- Cash-on-cash
- −12.0%
- Cap rate
- 6.3%
- DSCR
- 0.80×
Break-even
- Price that breaks even
- $140,333
- Rent that breaks even
- $2,726/mo
Long run
- Year 30: property vs stocks
- $604K vs $242K
- Cash flow turns positive
- year 7
The deal
- Price
- $164,900
- Cash to close
- $21,437
- Price per unit
- $54,967
- GRM
- 5.7
Each month
- Cash flow
- $42/mo
- Cash-on-cash
- 2.4%
- Cap rate
- 8.2%
- DSCR
- 1.04×
Break-even
- Price that breaks even
- $171,330
- Rent that breaks even
- $2,346/mo
Long run
- Year 30: property vs stocks
- $901K vs $168K
- Cash flow turns positive
- year 2
The deal
- Price
- $164,900
- Cash to close
- $21,437
- Price per unit
- $54,967
- GRM
- 5.7
Each month
- Cash flow
- −$161/mo
- Cash-on-cash
- −9.0%
- Cap rate
- 6.7%
- DSCR
- 0.85×
Break-even
- Price that breaks even
- $140,333
- Rent that breaks even
- $2,631/mo
Long run
- Year 30: property vs stocks
- $628K vs $210K
- Cash flow turns positive
- year 5
The deal
- Price
- $174,900
- Cash to close
- $40,227
- Price per unit
- $58,300
- GRM
- 6.1
Each month
- Cash flow
- $191/mo
- Cash-on-cash
- 5.7%
- Cap rate
- 7.7%
- DSCR
- 1.21×
Break-even
- Price that breaks even
- $210,853
- Rent that breaks even
- $2,155/mo
Long run
- Year 30: property vs stocks
- $1.01M vs $306K
- Cash flow turns positive
- year 1
The deal
- Price
- $174,900
- Cash to close
- $40,227
- Price per unit
- $58,300
- GRM
- 6.1
Each month
- Cash flow
- −$12/mo
- Cash-on-cash
- −0.3%
- Cap rate
- 6.3%
- DSCR
- 0.99×
Break-even
- Price that breaks even
- $172,705
- Rent that breaks even
- $2,417/mo
Long run
- Year 30: property vs stocks
- $706K vs $315K
- Cash flow turns positive
- year 2
The deal
- Price
- $164,900
- Cash to close
- $37,927
- Price per unit
- $54,967
- GRM
- 5.7
Each month
- Cash flow
- $245/mo
- Cash-on-cash
- 7.7%
- Cap rate
- 8.2%
- DSCR
- 1.28×
Break-even
- Price that breaks even
- $210,853
- Rent that breaks even
- $2,086/mo
Long run
- Year 30: property vs stocks
- $1.05M vs $289K
- Cash flow turns positive
- year 1
The deal
- Price
- $164,900
- Cash to close
- $37,927
- Price per unit
- $54,967
- GRM
- 5.7
Each month
- Cash flow
- $42/mo
- Cash-on-cash
- 1.3%
- Cap rate
- 6.7%
- DSCR
- 1.05×
Break-even
- Price that breaks even
- $172,705
- Rent that breaks even
- $2,340/mo
Long run
- Year 30: property vs stocks
- $739K vs $293K
- Cash flow turns positive
- year 2
The deal
- Price
- $174,900
- Cash to close
- $48,972
- Price per unit
- $58,300
- GRM
- 6.1
Each month
- Cash flow
- $250/mo
- Cash-on-cash
- 6.1%
- Cap rate
- 7.7%
- DSCR
- 1.29×
Break-even
- Price that breaks even
- $224,910
- Rent that breaks even
- $2,080/mo
Long run
- Year 30: property vs stocks
- $1.08M vs $373K
- Cash flow turns positive
- year 1
The deal
- Price
- $174,900
- Cash to close
- $48,972
- Price per unit
- $58,300
- GRM
- 6.1
Each month
- Cash flow
- $46/mo
- Cash-on-cash
- 1.1%
- Cap rate
- 6.3%
- DSCR
- 1.05×
Break-even
- Price that breaks even
- $184,219
- Rent that breaks even
- $2,333/mo
Long run
- Year 30: property vs stocks
- $767K vs $376K
- Cash flow turns positive
- year 2
The deal
- Price
- $164,900
- Cash to close
- $46,172
- Price per unit
- $54,967
- GRM
- 5.7
Each month
- Cash flow
- $299/mo
- Cash-on-cash
- 7.8%
- Cap rate
- 8.2%
- DSCR
- 1.36×
Break-even
- Price that breaks even
- $224,910
- Rent that breaks even
- $2,016/mo
Long run
- Year 30: property vs stocks
- $1.11M vs $351K
- Cash flow turns positive
- year 1
The deal
- Price
- $164,900
- Cash to close
- $46,172
- Price per unit
- $54,967
- GRM
- 5.7
Each month
- Cash flow
- $96/mo
- Cash-on-cash
- 2.5%
- Cap rate
- 6.7%
- DSCR
- 1.12×
Break-even
- Price that breaks even
- $184,219
- Rent that breaks even
- $2,261/mo
Long run
- Year 30: property vs stocks
- $797K vs $351K
- Cash flow turns positive
- year 1
Monthly
Monthly breakdown
| Rent | $2,400 |
| Vacancy (6%) | −$144 |
| Collected | $2,256 |
| Property tax Listing | −$175 |
| Insurance Estimate | −$260 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$192 |
| Capital reserve (8% of rent) | −$192 |
| Net operating income | $1,122 |
| Mortgage (principal + interest) | −$1,047 |
| PMI | −$98 |
| Cash flow | −$23 |
| Principal paid down (equity, not cash) | $133 |
| Rent | $2,400 |
| Vacancy (6%) | −$144 |
| Collected | $2,256 |
| Property tax Listing | −$175 |
| Insurance Estimate | −$260 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$192 |
| Capital reserve (8% of rent) | −$192 |
| Property management | −$203 |
| Net operating income | $919 |
| Mortgage (principal + interest) | −$1,047 |
| PMI | −$98 |
| Cash flow | −$226 |
| Principal paid down (equity, not cash) | $133 |
| Rent | $2,400 |
| Vacancy (6%) | −$144 |
| Collected | $2,256 |
| Property tax Listing | −$175 |
| Insurance Estimate | −$260 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$192 |
| Capital reserve (8% of rent) | −$192 |
| Net operating income | $1,122 |
| Mortgage (principal + interest) | −$987 |
| PMI | −$93 |
| Cash flow | $42 |
| Principal paid down (equity, not cash) | $126 |
| Rent | $2,400 |
| Vacancy (6%) | −$144 |
| Collected | $2,256 |
| Property tax Listing | −$175 |
| Insurance Estimate | −$260 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$192 |
| Capital reserve (8% of rent) | −$192 |
| Property management | −$203 |
| Net operating income | $919 |
| Mortgage (principal + interest) | −$987 |
| PMI | −$93 |
| Cash flow | −$161 |
| Principal paid down (equity, not cash) | $126 |
| Rent | $2,400 |
| Vacancy (6%) | −$144 |
| Collected | $2,256 |
| Property tax Listing | −$175 |
| Insurance Estimate | −$260 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$192 |
| Capital reserve (8% of rent) | −$192 |
| Net operating income | $1,122 |
| Mortgage (principal + interest) | −$931 |
| Cash flow | $191 |
| Principal paid down (equity, not cash) | $118 |
| Rent | $2,400 |
| Vacancy (6%) | −$144 |
| Collected | $2,256 |
| Property tax Listing | −$175 |
| Insurance Estimate | −$260 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$192 |
| Capital reserve (8% of rent) | −$192 |
| Property management | −$203 |
| Net operating income | $919 |
| Mortgage (principal + interest) | −$931 |
| Cash flow | −$12 |
| Principal paid down (equity, not cash) | $118 |
| Rent | $2,400 |
| Vacancy (6%) | −$144 |
| Collected | $2,256 |
| Property tax Listing | −$175 |
| Insurance Estimate | −$260 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$192 |
| Capital reserve (8% of rent) | −$192 |
| Net operating income | $1,122 |
| Mortgage (principal + interest) | −$878 |
| Cash flow | $245 |
| Principal paid down (equity, not cash) | $112 |
| Rent | $2,400 |
| Vacancy (6%) | −$144 |
| Collected | $2,256 |
| Property tax Listing | −$175 |
| Insurance Estimate | −$260 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$192 |
| Capital reserve (8% of rent) | −$192 |
| Property management | −$203 |
| Net operating income | $919 |
| Mortgage (principal + interest) | −$878 |
| Cash flow | $42 |
| Principal paid down (equity, not cash) | $112 |
| Rent | $2,400 |
| Vacancy (6%) | −$144 |
| Collected | $2,256 |
| Property tax Listing | −$175 |
| Insurance Estimate | −$260 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$192 |
| Capital reserve (8% of rent) | −$192 |
| Net operating income | $1,122 |
| Mortgage (principal + interest) | −$873 |
| Cash flow | $250 |
| Principal paid down (equity, not cash) | $111 |
| Rent | $2,400 |
| Vacancy (6%) | −$144 |
| Collected | $2,256 |
| Property tax Listing | −$175 |
| Insurance Estimate | −$260 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$192 |
| Capital reserve (8% of rent) | −$192 |
| Property management | −$203 |
| Net operating income | $919 |
| Mortgage (principal + interest) | −$873 |
| Cash flow | $46 |
| Principal paid down (equity, not cash) | $111 |
| Rent | $2,400 |
| Vacancy (6%) | −$144 |
| Collected | $2,256 |
| Property tax Listing | −$175 |
| Insurance Estimate | −$260 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$192 |
| Capital reserve (8% of rent) | −$192 |
| Net operating income | $1,122 |
| Mortgage (principal + interest) | −$823 |
| Cash flow | $299 |
| Principal paid down (equity, not cash) | $105 |
| Rent | $2,400 |
| Vacancy (6%) | −$144 |
| Collected | $2,256 |
| Property tax Listing | −$175 |
| Insurance Estimate | −$260 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$192 |
| Capital reserve (8% of rent) | −$192 |
| Property management | −$203 |
| Net operating income | $919 |
| Mortgage (principal + interest) | −$823 |
| Cash flow | $96 |
| Principal paid down (equity, not cash) | $105 |
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
- $399,056
- Rental profits, invested at 7%
- $461,078
Sells for $424,528 (value up 3% a year), minus 6% selling cost ($25,472). Rent paid down $157,410 of loan.
$222,832 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $173,080
- Monthly shortfalls, invested
- $10,320
$22,737 put into an index fund instead of the down payment and closing costs.
$1,451 you'd have paid in while the building lost money, invested instead.
The building comes out $676,734 ahead after 30 years.
- Your equity when you sell
- $399,056
- Rental profits, invested at 7%
- $204,788
Sells for $424,528 (value up 3% a year), minus 6% selling cost ($25,472). Rent paid down $157,410 of loan.
$116,145 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $173,080
- Monthly shortfalls, invested
- $68,956
$22,737 put into an index fund instead of the down payment and closing costs.
$10,553 you'd have paid in while the building lost money, invested instead.
The building comes out $361,809 ahead after 30 years.
- Your equity when you sell
- $376,241
- Rental profits, invested at 7%
- $525,099
Sells for $400,256 (value up 3% a year), minus 6% selling cost ($24,015). Rent paid down $148,410 of loan.
$243,872 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $163,184
- Monthly shortfalls, invested
- $4,728
$21,437 put into an index fund instead of the down payment and closing costs.
$665 you'd have paid in while the building lost money, invested instead.
The building comes out $733,427 ahead after 30 years.
- Your equity when you sell
- $376,241
- Rental profits, invested at 7%
- $252,055
Sells for $400,256 (value up 3% a year), minus 6% selling cost ($24,015). Rent paid down $148,410 of loan.
$134,441 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $163,184
- Monthly shortfalls, invested
- $46,609
$21,437 put into an index fund instead of the down payment and closing costs.
$7,024 you'd have paid in while the building lost money, invested instead.
The building comes out $418,502 ahead after 30 years.
- Your equity when you sell
- $399,056
- Rental profits, invested at 7%
- $613,097
Sells for $424,528 (value up 3% a year), minus 6% selling cost ($25,472). Rent paid down $139,920 of loan.
$267,994 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $306,218
$40,227 put into an index fund instead of the down payment and closing costs.
The building comes out $705,936 ahead after 30 years.
- Your equity when you sell
- $399,056
- Rental profits, invested at 7%
- $306,590
Sells for $424,528 (value up 3% a year), minus 6% selling cost ($25,472). Rent paid down $139,920 of loan.
$153,388 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $306,218
- Monthly shortfalls, invested
- $8,418
$40,227 put into an index fund instead of the down payment and closing costs.
$1,183 you'd have paid in while the building lost money, invested instead.
The building comes out $391,011 ahead after 30 years.
- Your equity when you sell
- $376,241
- Rental profits, invested at 7%
- $673,429
Sells for $400,256 (value up 3% a year), minus 6% selling cost ($24,015). Rent paid down $131,920 of loan.
$287,155 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $288,710
$37,927 put into an index fund instead of the down payment and closing costs.
The building comes out $760,959 ahead after 30 years.
- Your equity when you sell
- $376,241
- Rental profits, invested at 7%
- $362,377
Sells for $400,256 (value up 3% a year), minus 6% selling cost ($24,015). Rent paid down $131,920 of loan.
$171,910 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $288,710
- Monthly shortfalls, invested
- $3,874
$37,927 put into an index fund instead of the down payment and closing costs.
$545 you'd have paid in while the building lost money, invested instead.
The building comes out $446,034 ahead after 30 years.
- Your equity when you sell
- $399,056
- Rental profits, invested at 7%
- $679,047
Sells for $424,528 (value up 3% a year), minus 6% selling cost ($25,472). Rent paid down $131,175 of loan.
$288,939 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $372,787
$48,972 put into an index fund instead of the down payment and closing costs.
The building comes out $705,316 ahead after 30 years.
- Your equity when you sell
- $399,056
- Rental profits, invested at 7%
- $367,573
Sells for $424,528 (value up 3% a year), minus 6% selling cost ($25,472). Rent paid down $131,175 of loan.
$173,635 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $372,787
- Monthly shortfalls, invested
- $3,451
$48,972 put into an index fund instead of the down payment and closing costs.
$485 you'd have paid in while the building lost money, invested instead.
The building comes out $390,390 ahead after 30 years.
- Your equity when you sell
- $376,241
- Rental profits, invested at 7%
- $735,607
Sells for $400,256 (value up 3% a year), minus 6% selling cost ($24,015). Rent paid down $123,675 of loan.
$306,902 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $351,473
$46,172 put into an index fund instead of the down payment and closing costs.
The building comes out $760,375 ahead after 30 years.
- Your equity when you sell
- $376,241
- Rental profits, invested at 7%
- $420,682
Sells for $400,256 (value up 3% a year), minus 6% selling cost ($24,015). Rent paid down $123,675 of loan.
$191,113 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $351,473
$46,172 put into an index fund instead of the down payment and closing costs.
The building comes out $445,449 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 $860K, stocks $183K. The property wins.
Year 30 (loan paid off): property $604K, stocks $242K. The property wins.
Year 30 (loan paid off): property $901K, stocks $168K. The property wins.
Year 30 (loan paid off): property $628K, stocks $210K. The property wins.
Year 30 (loan paid off): property $1.01M, stocks $306K. The property wins.
Year 30 (loan paid off): property $706K, stocks $315K. The property wins.
Year 30 (loan paid off): property $1.05M, stocks $289K. The property wins.
Year 30 (loan paid off): property $739K, stocks $293K. The property wins.
Year 30 (loan paid off): property $1.08M, stocks $373K. The property wins.
Year 30 (loan paid off): property $767K, stocks $376K. The property wins.
Year 30 (loan paid off): property $1.11M, stocks $351K. The property wins.
Year 30 (loan paid off): property $797K, stocks $351K. 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 $800/mo · range $700–$925
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 1205 Victoria St, Fairmont 56031 off market | $695 | 1 / 1 | 0.9 mi | 89% |
| 224 S Park St, Apt 2, Fairmont 56031 | $600 | 1 / 1 | 0.5 mi | 88% |
| 114 E 8th St, Apt 3, Fairmont 56031 off market | $590 | 1 / 1 | 0.2 mi | 88% |
| 114 E 8th St, Fairmont 56031 off market | $600 | 1 / 1 | 0.2 mi | 88% |
| 900 Hengen St, Fairmont 56031 off market | $725 | 1 / 1 | 1.2 mi | 87% |
| 910 Hengen St, Apt 306, Fairmont 56031 | $922 | 1 / 1 | 1.2 mi | 83% |
| 401 N Dewey St, Fairmont 56031 off market | $950 | 2 / 1 | 0.3 mi | 82% |
| 603 Albion Ave, Apt 4, Fairmont 56031 off market | $650 | 1 / 1 | 0.8 mi | 81% |
| 1205 Victoria St, Apt 312, Fairmont 56031 | $825 | 2 / 1 | 0.9 mi | 77% |
| 1205 Victoria St, Apt 213, Fairmont 56031 | $825 | 2 / 1 | 0.9 mi | 77% |
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 407 6TH ST E
- mediumTaxes and unit count are unverified; no parcel match, so the real tax bill and legal unit status are unknown. Based on: data: county.tax · AI review
- mediumSub-metering is claimed but not explained. Unclear whether units have separate meters or a billing arrangement, and whether the owner carries any common-area or heat costs. Listing says: each with sub metered utilities to make leasing units easier · AI review
- lowSeller is a licensed agent, so the listing may be thinly described and sold without much disclosure; verify everything independently. Listing says: One of the sellers is a licensed real estate agent in the State of Minnesota. · AI review
Opportunities
- Current rents are below market. Rents can reset to market at renewal. Based on: Listing rents vs. our market estimate: Unit 2: 1 bed / 1 bath $675 vs $800
- Cheap entry price for three units; a 7.7% cap at ask and break-even price above asking suggest room to negotiate. Based on: data: underwriting.break_even_price · AI review
- One unit appears to rent below the estimate, so there may be upside at renewal if rents reset to market (no rent cap). Based on: data: rent_estimate · AI review
Questions for the agent
- What are the current rents, lease end dates and deposits for each unit? Can I see leases?
- How is 'sub metered' set up: separate utility meters, or the owner billing tenants? What does the owner pay?
- What are the real property taxes and are there special assessments?
- Is the property licensed or registered as a triplex with the city, and is the unit count legal?
- What are the ages of the furnace(s), water heaters, roof and electrical panels?
- Why are the sellers selling, and what's the vacancy history?
Bottom line
Cheap triplex that pencils at ask on paper, but rents, taxes and utilities are all unverified, so get the rent roll before getting excited. 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. | $2,097 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $3,120 |
| 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. base rate | 8% / 8% |
Price history Realtor.com
On the market since 2026-09-29 (6 days); last sold for $121,500 on 2023-11-15; listed for rent at $800/mo on 2026-01-18.
| Date | Event | Price |
|---|---|---|
| Listed | $174,900 | |
| Removed | $149,900 | |
| Removed | — | |
| Listed for rent | $800/mo | |
| Removed | — | |
| Listed for rent | $800/mo | |
| Removed | — | |
| Listed for rent | $800/mo | |
| Removed | — | |
| Listed for rent | $800/mo | |
| Sold | $121,500 | |
| Sold public record | $240,000 | |
| Sold public record | $24,000 | |
| Sold public record | $30,000 | |
| Sold public record | $32,000 | |
| Sold public record | $33,000 | |
| Sold public record | $27,877 |
From the listing Listing
| Listed as | multi-family |
| Property tax, 2026 | $2,097 |
| County | Martin County |
| Parcel number | 231190010 |
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 Fairmont on rental licensing before you buy.