Photos, via Realtor.com.
- Asking price
- $219,900 2 units · $110K per unit
- Monthly cash flow
- $84 at 20% down, 7%
- Break-even price
- $235,747 where cash flow hits $0
First look
This is a 2017-updated Duluth up/down with two 2-bed/1-bath units at $219,900, and our underwriting shows about $84/month cash flow at asking with 20% down and a 6.85% cap rate. That is thin but workable, and it only holds if taxes are right, because we couldn't match a county parcel. Our data shows actual rents of $550 and $1,050 against a $1,250 mid estimate, so there is real upside, but the $550 unit looks like a family or long-term tenant and could be hard to move quickly. Ask for the rent roll, lease dates and tax bill first. The 2017 'major updates' claim is broad, and photos show dated kitchens and wall-mounted heaters, so verify what was actually done and permitted. Worth a showing if the taxes and rents check out.
Things to consider
- Thin cash flow at asking Underwriting shows about $84/month at asking with 20% down. Any tax or insurance surprise could turn it negative.
- Big gap between actual and market rents Actual rents of $550 and $1,050 are well below the $1,250 estimate. Raising them depends on lease timing and tenant turnover.
- Taxes are unverified We couldn't match a county parcel, so the tax bill and the extra parcel's status are unknown.
- 2017 updates reduce near-term capital risk New roof, windows, electrical, plumbing and furnaces cut major repair risk if they are real and permitted. Verify them.Listing says: “Major updates in 2017 include the roof, windows, doors, furnaces, electrical, and plumbing.”
- Dated interiors Kitchens and baths look old, so budget for cosmetic updates at turnover.From photo 4
- Extra land adds optionality The additional parcel could support a garage or another structure, but check zoning and what it does to taxes.Listing says: “valuable potential for additional structures”
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
- doneRoof, windows, doors, furnaces, electrical and plumbing updated in 2017Listing says: Major updates in 2017 include the roof, windows, doors, furnaces, electrical, and plumbing.
- doneWater heaters replaced 2019 and 2021Listing says: Hot water heaters were replaced in 2019 and 2021.
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
- $219,900
- Cash to close
- $28,587
- Price per unit
- $109,950
- GRM
- 7.3
Each month
- Cash flow
- −$186/mo
- Cash-on-cash
- −7.8%
- Cap rate
- 6.8%
- DSCR
- 0.87×
Break-even
- Price that breaks even
- $191,558
- Rent that breaks even
- $2,741/mo
Long run
- Year 30: property vs stocks
- $903K vs $319K
- Cash flow turns positive
- year 5
The deal
- Price
- $219,900
- Cash to close
- $28,587
- Price per unit
- $109,950
- GRM
- 7.3
Each month
- Cash flow
- −$397/mo
- Cash-on-cash
- −16.7%
- Cap rate
- 5.7%
- DSCR
- 0.72×
Break-even
- Price that breaks even
- $159,269
- Rent that breaks even
- $3,079/mo
Long run
- Year 30: property vs stocks
- $670K vs $409K
- Cash flow turns positive
- year 10
The deal
- Price
- $209,900
- Cash to close
- $27,287
- Price per unit
- $104,950
- GRM
- 7.0
Each month
- Cash flow
- −$120/mo
- Cash-on-cash
- −5.3%
- Cap rate
- 7.2%
- DSCR
- 0.91×
Break-even
- Price that breaks even
- $191,558
- Rent that breaks even
- $2,656/mo
Long run
- Year 30: property vs stocks
- $930K vs $289K
- Cash flow turns positive
- year 5
The deal
- Price
- $209,900
- Cash to close
- $27,287
- Price per unit
- $104,950
- GRM
- 7.0
Each month
- Cash flow
- −$332/mo
- Cash-on-cash
- −14.6%
- Cap rate
- 6.0%
- DSCR
- 0.76×
Break-even
- Price that breaks even
- $159,269
- Rent that breaks even
- $2,984/mo
Long run
- Year 30: property vs stocks
- $681K vs $363K
- Cash flow turns positive
- year 9
The deal
- Price
- $219,900
- Cash to close
- $50,577
- Price per unit
- $109,950
- GRM
- 7.3
Each month
- Cash flow
- $84/mo
- Cash-on-cash
- 2.0%
- Cap rate
- 6.8%
- DSCR
- 1.07×
Break-even
- Price that breaks even
- $235,747
- Rent that breaks even
- $2,390/mo
Long run
- Year 30: property vs stocks
- $1.06M vs $437K
- Cash flow turns positive
- year 2
The deal
- Price
- $219,900
- Cash to close
- $50,577
- Price per unit
- $109,950
- GRM
- 7.3
Each month
- Cash flow
- −$127/mo
- Cash-on-cash
- −3.0%
- Cap rate
- 5.7%
- DSCR
- 0.89×
Break-even
- Price that breaks even
- $196,010
- Rent that breaks even
- $2,686/mo
Long run
- Year 30: property vs stocks
- $764K vs $465K
- Cash flow turns positive
- year 6
The deal
- Price
- $209,900
- Cash to close
- $48,277
- Price per unit
- $104,950
- GRM
- 7.0
Each month
- Cash flow
- $138/mo
- Cash-on-cash
- 3.4%
- Cap rate
- 7.2%
- DSCR
- 1.12×
Break-even
- Price that breaks even
- $235,747
- Rent that breaks even
- $2,321/mo
Long run
- Year 30: property vs stocks
- $1.09M vs $415K
- Cash flow turns positive
- year 2
The deal
- Price
- $209,900
- Cash to close
- $48,277
- Price per unit
- $104,950
- GRM
- 7.0
Each month
- Cash flow
- −$74/mo
- Cash-on-cash
- −1.8%
- Cap rate
- 6.0%
- DSCR
- 0.93×
Break-even
- Price that breaks even
- $196,010
- Rent that breaks even
- $2,608/mo
Long run
- Year 30: property vs stocks
- $785K vs $431K
- Cash flow turns positive
- year 4
The deal
- Price
- $219,900
- Cash to close
- $61,572
- Price per unit
- $109,950
- GRM
- 7.3
Each month
- Cash flow
- $157/mo
- Cash-on-cash
- 3.1%
- Cap rate
- 6.8%
- DSCR
- 1.14×
Break-even
- Price that breaks even
- $251,464
- Rent that breaks even
- $2,295/mo
Long run
- Year 30: property vs stocks
- $1.13M vs $514K
- Cash flow turns positive
- year 2
The deal
- Price
- $219,900
- Cash to close
- $61,572
- Price per unit
- $109,950
- GRM
- 7.3
Each month
- Cash flow
- −$54/mo
- Cash-on-cash
- −1.1%
- Cap rate
- 5.7%
- DSCR
- 0.95×
Break-even
- Price that breaks even
- $209,077
- Rent that breaks even
- $2,579/mo
Long run
- Year 30: property vs stocks
- $826K vs $528K
- Cash flow turns positive
- year 3
The deal
- Price
- $209,900
- Cash to close
- $58,772
- Price per unit
- $104,950
- GRM
- 7.0
Each month
- Cash flow
- $207/mo
- Cash-on-cash
- 4.2%
- Cap rate
- 7.2%
- DSCR
- 1.20×
Break-even
- Price that breaks even
- $251,464
- Rent that breaks even
- $2,231/mo
Long run
- Year 30: property vs stocks
- $1.16M vs $489K
- Cash flow turns positive
- year 2
The deal
- Price
- $209,900
- Cash to close
- $58,772
- Price per unit
- $104,950
- GRM
- 7.0
Each month
- Cash flow
- −$4/mo
- Cash-on-cash
- −0.1%
- Cap rate
- 6.0%
- DSCR
- 1.00×
Break-even
- Price that breaks even
- $209,077
- Rent that breaks even
- $2,506/mo
Long run
- Year 30: property vs stocks
- $853K vs $500K
- Cash flow turns positive
- year 2
Monthly
Monthly breakdown
| Rent | $2,500 |
| Vacancy (6%) | −$150 |
| Collected | $2,350 |
| Property tax Listing | −$234 |
| Insurance Estimate | −$207 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$200 |
| Capital reserve (9% of rent) | −$225 |
| Net operating income | $1,255 |
| Mortgage (principal + interest) | −$1,317 |
| PMI | −$124 |
| Cash flow | −$186 |
| Principal paid down (equity, not cash) | $168 |
| Rent | $2,500 |
| Vacancy (6%) | −$150 |
| Collected | $2,350 |
| Property tax Listing | −$234 |
| Insurance Estimate | −$207 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$200 |
| Capital reserve (9% of rent) | −$225 |
| Property management | −$212 |
| Net operating income | $1,043 |
| Mortgage (principal + interest) | −$1,317 |
| PMI | −$124 |
| Cash flow | −$397 |
| Principal paid down (equity, not cash) | $168 |
| Rent | $2,500 |
| Vacancy (6%) | −$150 |
| Collected | $2,350 |
| Property tax Listing | −$234 |
| Insurance Estimate | −$207 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$200 |
| Capital reserve (9% of rent) | −$225 |
| Net operating income | $1,255 |
| Mortgage (principal + interest) | −$1,257 |
| PMI | −$118 |
| Cash flow | −$120 |
| Principal paid down (equity, not cash) | $160 |
| Rent | $2,500 |
| Vacancy (6%) | −$150 |
| Collected | $2,350 |
| Property tax Listing | −$234 |
| Insurance Estimate | −$207 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$200 |
| Capital reserve (9% of rent) | −$225 |
| Property management | −$212 |
| Net operating income | $1,043 |
| Mortgage (principal + interest) | −$1,257 |
| PMI | −$118 |
| Cash flow | −$332 |
| Principal paid down (equity, not cash) | $160 |
| Rent | $2,500 |
| Vacancy (6%) | −$150 |
| Collected | $2,350 |
| Property tax Listing | −$234 |
| Insurance Estimate | −$207 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$200 |
| Capital reserve (9% of rent) | −$225 |
| Net operating income | $1,255 |
| Mortgage (principal + interest) | −$1,170 |
| Cash flow | $84 |
| Principal paid down (equity, not cash) | $149 |
| Rent | $2,500 |
| Vacancy (6%) | −$150 |
| Collected | $2,350 |
| Property tax Listing | −$234 |
| Insurance Estimate | −$207 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$200 |
| Capital reserve (9% of rent) | −$225 |
| Property management | −$212 |
| Net operating income | $1,043 |
| Mortgage (principal + interest) | −$1,170 |
| Cash flow | −$127 |
| Principal paid down (equity, not cash) | $149 |
| Rent | $2,500 |
| Vacancy (6%) | −$150 |
| Collected | $2,350 |
| Property tax Listing | −$234 |
| Insurance Estimate | −$207 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$200 |
| Capital reserve (9% of rent) | −$225 |
| Net operating income | $1,255 |
| Mortgage (principal + interest) | −$1,117 |
| Cash flow | $138 |
| Principal paid down (equity, not cash) | $142 |
| Rent | $2,500 |
| Vacancy (6%) | −$150 |
| Collected | $2,350 |
| Property tax Listing | −$234 |
| Insurance Estimate | −$207 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$200 |
| Capital reserve (9% of rent) | −$225 |
| Property management | −$212 |
| Net operating income | $1,043 |
| Mortgage (principal + interest) | −$1,117 |
| Cash flow | −$74 |
| Principal paid down (equity, not cash) | $142 |
| Rent | $2,500 |
| Vacancy (6%) | −$150 |
| Collected | $2,350 |
| Property tax Listing | −$234 |
| Insurance Estimate | −$207 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$200 |
| Capital reserve (9% of rent) | −$225 |
| Net operating income | $1,255 |
| Mortgage (principal + interest) | −$1,097 |
| Cash flow | $157 |
| Principal paid down (equity, not cash) | $140 |
| Rent | $2,500 |
| Vacancy (6%) | −$150 |
| Collected | $2,350 |
| Property tax Listing | −$234 |
| Insurance Estimate | −$207 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$200 |
| Capital reserve (9% of rent) | −$225 |
| Property management | −$212 |
| Net operating income | $1,043 |
| Mortgage (principal + interest) | −$1,097 |
| Cash flow | −$54 |
| Principal paid down (equity, not cash) | $140 |
| Rent | $2,500 |
| Vacancy (6%) | −$150 |
| Collected | $2,350 |
| Property tax Listing | −$234 |
| Insurance Estimate | −$207 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$200 |
| Capital reserve (9% of rent) | −$225 |
| Net operating income | $1,255 |
| Mortgage (principal + interest) | −$1,047 |
| Cash flow | $207 |
| Principal paid down (equity, not cash) | $133 |
| Rent | $2,500 |
| Vacancy (6%) | −$150 |
| Collected | $2,350 |
| Property tax Listing | −$234 |
| Insurance Estimate | −$207 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$200 |
| Capital reserve (9% of rent) | −$225 |
| Property management | −$212 |
| Net operating income | $1,043 |
| Mortgage (principal + interest) | −$1,047 |
| Cash flow | −$4 |
| Principal paid down (equity, not cash) | $133 |
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
- $501,730
- Rental profits, invested at 7%
- $401,403
Sells for $533,755 (value up 3% a year), minus 6% selling cost ($32,025). Rent paid down $197,910 of loan.
$210,237 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $217,612
- Monthly shortfalls, invested
- $101,325
$28,587 put into an index fund instead of the down payment and closing costs.
$14,714 you'd have paid in while the building lost money, invested instead.
The building comes out $584,197 ahead after 30 years.
- Your equity when you sell
- $501,730
- Rental profits, invested at 7%
- $168,729
Sells for $533,755 (value up 3% a year), minus 6% selling cost ($32,025). Rent paid down $197,910 of loan.
$105,736 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $217,612
- Monthly shortfalls, invested
- $191,138
$28,587 put into an index fund instead of the down payment and closing costs.
$30,046 you'd have paid in while the building lost money, invested instead.
The building comes out $261,709 ahead after 30 years.
- Your equity when you sell
- $478,913
- Rental profits, invested at 7%
- $450,749
Sells for $509,482 (value up 3% a year), minus 6% selling cost ($30,569). Rent paid down $188,910 of loan.
$228,919 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $207,716
- Monthly shortfalls, invested
- $81,058
$27,287 put into an index fund instead of the down payment and closing costs.
$11,570 you'd have paid in while the building lost money, invested instead.
The building comes out $640,890 ahead after 30 years.
- Your equity when you sell
- $478,913
- Rental profits, invested at 7%
- $202,516
Sells for $509,482 (value up 3% a year), minus 6% selling cost ($30,569). Rent paid down $188,910 of loan.
$121,200 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $207,716
- Monthly shortfalls, invested
- $155,312
$27,287 put into an index fund instead of the down payment and closing costs.
$23,684 you'd have paid in while the building lost money, invested instead.
The building comes out $318,402 ahead after 30 years.
- Your equity when you sell
- $501,730
- Rental profits, invested at 7%
- $556,148
Sells for $533,755 (value up 3% a year), minus 6% selling cost ($32,025). Rent paid down $175,920 of loan.
$261,432 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $385,005
- Monthly shortfalls, invested
- $51,961
$50,577 put into an index fund instead of the down payment and closing costs.
$7,304 you'd have paid in while the building lost money, invested instead.
The building comes out $620,910 ahead after 30 years.
- Your equity when you sell
- $501,730
- Rental profits, invested at 7%
- $261,973
Sells for $533,755 (value up 3% a year), minus 6% selling cost ($32,025). Rent paid down $175,920 of loan.
$145,886 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $385,005
- Monthly shortfalls, invested
- $80,274
$50,577 put into an index fund instead of the down payment and closing costs.
$11,590 you'd have paid in while the building lost money, invested instead.
The building comes out $298,423 ahead after 30 years.
- Your equity when you sell
- $478,913
- Rental profits, invested at 7%
- $611,935
Sells for $509,482 (value up 3% a year), minus 6% selling cost ($30,569). Rent paid down $167,920 of loan.
$279,954 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $367,497
- Monthly shortfalls, invested
- $47,418
$48,277 put into an index fund instead of the down payment and closing costs.
$6,665 you'd have paid in while the building lost money, invested instead.
The building comes out $675,933 ahead after 30 years.
- Your equity when you sell
- $478,913
- Rental profits, invested at 7%
- $305,963
Sells for $509,482 (value up 3% a year), minus 6% selling cost ($30,569). Rent paid down $167,920 of loan.
$162,505 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $367,497
- Monthly shortfalls, invested
- $63,934
$48,277 put into an index fund instead of the down payment and closing costs.
$9,049 you'd have paid in while the building lost money, invested instead.
The building comes out $353,447 ahead after 30 years.
- Your equity when you sell
- $501,730
- Rental profits, invested at 7%
- $632,820
Sells for $533,755 (value up 3% a year), minus 6% selling cost ($32,025). Rent paid down $164,925 of loan.
$286,888 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $468,702
- Monthly shortfalls, invested
- $45,717
$61,572 put into an index fund instead of the down payment and closing costs.
$6,426 you'd have paid in while the building lost money, invested instead.
The building comes out $620,132 ahead after 30 years.
- Your equity when you sell
- $501,730
- Rental profits, invested at 7%
- $323,968
Sells for $533,755 (value up 3% a year), minus 6% selling cost ($32,025). Rent paid down $164,925 of loan.
$168,993 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $468,702
- Monthly shortfalls, invested
- $59,351
$61,572 put into an index fund instead of the down payment and closing costs.
$8,363 you'd have paid in while the building lost money, invested instead.
The building comes out $297,644 ahead after 30 years.
- Your equity when you sell
- $478,913
- Rental profits, invested at 7%
- $685,121
Sells for $509,482 (value up 3% a year), minus 6% selling cost ($30,569). Rent paid down $157,425 of loan.
$304,253 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $447,387
- Monthly shortfalls, invested
- $41,457
$58,772 put into an index fund instead of the down payment and closing costs.
$5,827 you'd have paid in while the building lost money, invested instead.
The building comes out $675,191 ahead after 30 years.
- Your equity when you sell
- $478,913
- Rental profits, invested at 7%
- $374,189
Sells for $509,482 (value up 3% a year), minus 6% selling cost ($30,569). Rent paid down $157,425 of loan.
$186,044 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $447,387
- Monthly shortfalls, invested
- $53,013
$58,772 put into an index fund instead of the down payment and closing costs.
$7,452 you'd have paid in while the building lost money, invested instead.
The building comes out $352,703 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 $903K, stocks $319K. The property wins.
Year 30 (loan paid off): property $670K, stocks $409K. The property wins.
Year 30 (loan paid off): property $930K, stocks $289K. The property wins.
Year 30 (loan paid off): property $681K, stocks $363K. The property wins.
Year 30 (loan paid off): property $1.06M, stocks $437K. The property wins.
Year 30 (loan paid off): property $764K, stocks $465K. The property wins.
Year 30 (loan paid off): property $1.09M, stocks $415K. The property wins.
Year 30 (loan paid off): property $785K, stocks $431K. The property wins.
Year 30 (loan paid off): property $1.13M, stocks $514K. The property wins.
Year 30 (loan paid off): property $826K, stocks $528K. The property wins.
Year 30 (loan paid off): property $1.16M, stocks $489K. The property wins.
Year 30 (loan paid off): property $853K, stocks $500K. The property wins.
Comparable rentals
The closest rental listings with each unit's bedroom count, as of 2026-10-06. The estimate is the median asking rent of every rental we found nearby (the count is shown for each); houses are left out. Asking rents from Realtor.com rental listings, not signed leases.
2 bed estimate $1,250/mo · range $1,150–$1,525 · 6 rentals within 2.75 mi
| Address | Rent | Bd / Ba | Distance |
|---|---|---|---|
| 5402 Ramsey St, Duluth | $1,950 | 2 / 2 | 0.2 mi |
| 606 N 60th Ave W, Duluth | $1,300 | 2 / 1 | 0.6 mi |
| 3015 Restormel St, Duluth | $775 | 2 / 1 | 1.8 mi |
| 2821 Wicklow St, Duluth | $1,200 | 2 / 1 | 2.0 mi |
| 2705 W 2nd St, Duluth | $1,195 | 2 / 1 | 2.0 mi |
| 313 N 21st Ave, West Duluth | $1,195 | 2 / 1 | 2.6 mi |
On the maps, this property and comparable rentals. Comparable rentals and rent estimate: Realtor.com rental listings. 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 409 51ST AVE W N
- mediumDescription gives no rents, lease terms or who pays utilities; 'strong rental history' is unsupported Listing says: This solid up-and-down duplex offers a strong rental history · AI review
- mediumRent of $550 on one unit is less than half the market estimate; the tenant and lease terms are unknown Based on: data: rent_estimate · AI review
- mediumTaxes and unit count are unverified, so the cash flow figure could shift Based on: data: county.tax · AI review
- lowListing mentions a recently added parcel; confirm it is included in the sale and in the taxes Listing says: A recently acquired additional parcel provides expanded yard space · AI review
Opportunities
- Current rents are below market. Rents can reset to market at renewal. Based on: Listing rents vs. our market estimate: Unit 1: 2 bed / 1 bath $550 vs $1,250, Unit 2: 2 bed / 1 bath $1,050 vs $1,250
- Rents are well below market; the $550 unit especially has upside if the lease allows a reset Based on: data: rent_estimate · AI review
- Extra parcel may allow a garage or additional structure, subject to zoning Listing says: valuable potential for additional structures · AI review
- Owner-occupy one unit and rent the other (house-hack) Listing says: Live in one unit while generating rental income from the other · AI review
- Rental license is in place through 2029 Listing says: A current rental license is in place through 1/1/29 · AI review
Questions for the agent
- What are the current rents, lease end dates and deposits for each unit, and is either month-to-month?
- Who pays heat, electric, water and trash? Are the furnaces and water heaters separate for each unit?
- What were the 2017 updates exactly, and were permits pulled for the electrical and plumbing?
- What are the real property taxes, and does the extra parcel have its own tax bill or assessments?
- Is the 2-car garage included, and does it sit on the main parcel or the new one?
- Why is the $550 unit so low, and how long has that tenant been there?
Bottom line
A reasonably updated Duluth duplex with thin cash flow at asking and real rent upside, but verify taxes, the rent roll and what the 2017 work actually covered. 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. | $2,802 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $2,481 |
| 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 1909: +1 pt capital reserve | 8% / 9% |
Price history Realtor.com
On the market since 2026-09-02 (33 days); last sold for $150,000 on 2022-10-24.
| Date | Event | Price |
|---|---|---|
| Listed | $219,900 | |
| Sold public record | $150,000 | |
| Removed | — | |
| Listed | $170,000 | |
| Removed | — | |
| Listed | $175,000 | |
| Removed | — | |
| Listed | $175,000 | |
| Sold public record | $52,000 | |
| Removed | $59,900 | |
| Price changed | $59,900 | |
| Listed | $66,900 | |
| Sold public record | $56,900 |
From the listing Listing
| Listed as | duplex |
| Property tax, 2026 | $2,802 |
| County | St. Louis County |
| Parcel number | 010-4530-03460, 010-4530-03450 |
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 Duluth on rental licensing before you buy.