409/411 9th St N
Mountain Lake, MN · View the listing ↗
Photos, via Realtor.com.
Needs more info before these numbers mean much. No reliable rent estimate: too few comparable rentals close by, and no RentCast estimate.
No rent estimate yet, so the numbers can't be run. Run it yourself in the calculator →
First look
This is a side-by-side duplex, 4 beds and 2 baths across 2,184 sq ft, built 1964, at $189,900 after 62 days on market. The listing gives no rents, no lease status, no utility info and no expenses, and we have no county record or rent estimate, so there is nothing to underwrite yet. The photos show a lived-in, dated but clean home with original-looking finishes, and the seller appears to live in one side. Before a showing, get the rent roll, confirm it's a legal two-unit with a rental license, and find out how heat and utilities are metered. Without rents, I can't say $189,900 works at today's rates; it looks more like an owner-occupant buy than a pure investment.
Things to consider
- No income data With no rents or expenses, you can't judge cash flow or price. Get a rent roll and 12 months of bills before going further.Listing says: “investor looking to add a solid income-producing property to their portfolio”
- Taxes and unit count unverified We couldn't match a county parcel, so the tax bill and legal unit count are unknown. Investor tax status could raise the bill.
- Dated interiors Carpet, kitchens and baths look original. Budget for turnover updates, and don't count on big rent bumps without spending.From photo 4
- Small-town rent ceiling Mountain Lake is a small market, and 2-beds there likely rent modestly. At $189,900, it may not pencil as pure rental.
- Heat and utility setup unknown Shared systems or a single meter could mean the owner pays heat and water, cutting income.From photo 7
- 62 days on market It's been listed a while, so there may be room to negotiate. Ask about price history.
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.
Red flags and opportunities
Watch for
- highNo rents, lease terms or expenses given, so income can't be checked Listing says: investor looking to add a solid income-producing property to their portfolio · 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 409/411 9TH ST N
- mediumMarketed to owner-occupants too; the unit may be seller-occupied and not truly rented Listing says: an owner-occupant seeking the opportunity to live in one unit while generating rental income · AI review
- lowBasement bathroom and finished-looking lower level may not be legal living space or tied to either unit Listing says: The expansive lower level adds valuable flexibility with an additional bathroom · AI review
Opportunities
- Owner-occupy one side and rent the other to cut housing cost Listing says: live in one unit while generating rental income from the other · AI review
- Large basement could add storage or laundry value for tenants Listing says: generous storage space, and plenty of closets throughout · AI review
Questions for the agent
- What are the current rents, lease end dates and deposits for each side? Is anyone month-to-month?
- Is the seller living in one unit? Will it be delivered vacant?
- How are heat, water, electric and trash metered, and who pays each? Is there one furnace or two?
- Is the duplex licensed as a rental in Mountain Lake? Can I see 12 months of taxes, insurance and utility bills?
- Who uses the basement and the attached garage? Is it shared or assigned to a unit?
- Why has it sat 62 days, and have there been price changes or offers?
Bottom line
A tidy-looking but dated side-by-side with no rent data; it only makes sense if the rents and expenses check out or you plan to live in one half. AI-assisted summary
What the records say
Where each number comes from
Price history Realtor.com
On the market since 2026-08-04 (62 days); down $10,100 (5.1%) from the first ask of $200,000; last sold for $145,000 on 2018-08-09.
| Date | Event | Price |
|---|---|---|
| Price changed | $189,900 | |
| Listed | $200,000 | |
| Sold public record | $145,000 | |
| Sold public record | $118,900 |
From the listing Listing
| Listed as | multi-2-4 |
| County | Cottonwood |
| Parcel number | 225201612 |
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 Mountain Lake on rental licensing before you buy.