476 Main St
Duplex · 2 units: 3 bed / 1 bath and 2 bed / 1 bath · 1,744 sq ft
Winona, MN · View the listing ↗
Photos, via Realtor.com.
- Asking price
- $225,000 2 units · $112K per unit
- Monthly cash flow
- $82 at 20% down, 7%
- Estimated rent
- $2,625/mo high confidence
- Break-even price
- $240,326 where cash flow hits $0
First look
This is a student rental across from Winona State, priced at $225K with stated rents of $2,200 a month combined. Our numbers show about $82/month cash flow at asking with a 6.8% cap rate, so it only works if the stated rents and our tax and expense guesses hold up. The county record didn't match, so taxes and unit count are unverified. Get the actual tax bill and the rental license first. The downstairs rent of $1,350 for 3 beds is below our $1,425 estimate, but the license says 5 unrelated tenants, which suggests the rent may be per-room or the unit is heavily used. The photos show dated, hard-worn finishes, so budget for turnover. It is worth a showing only if the rent roll and expenses check out and the seller will deal after 172 days on market.
Things to consider
- Thin cash flow at asking price Our model shows about $82/month and a 6.8% cap rate at asking, so a small expense surprise or a vacant month erases it. Break-even is near $240K, so there is little cushion.
- Taxes and unit count are unverified The county parcel didn't match, so our tax estimate may be off. Non-homestead taxes could be higher than the seller's bill.
- Student-rental wear and turnover Licensed for up to 8 unrelated tenants, the units see heavy use. Expect repainting, flooring and appliance costs each cycle.Listing says: “Rental certified for 5 unrelated down and 3 unrelated up.”
- Two different heating setups appear Radiators downstairs and baseboard electric upstairs would mean separate systems and different cost structures. Confirm who pays each.From photo 9
- Upstairs kitchen looks original Updating it adds cost, though it could support a rent increase beyond $850. Compare with our $1,200 estimate for a 2-bed.From photo 10
- Long time on market 172 days suggests the price may be above what buyers will pay. That gives room to negotiate.
From the photos
Based on 10 of the listing photos. Photos can hide as much as they show; an inspection is the real answer.
Rents the listing states
- Upstairs: $850 (lease)Listing says: Both units are rented for June 1, 2026-May 25, 2027. Upstairs rent is $850/month
- Downstairs: $1,350 (lease)Listing says: downstairs rent is $1,350/month
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
- $225,000
- Cash to close
- $29,250
- Price per unit
- $112,500
- GRM
- 7.1
Each month
- Cash flow
- −$195/mo
- Cash-on-cash
- −8.0%
- Cap rate
- 6.8%
- DSCR
- 0.87×
Break-even
- Price that breaks even
- $195,278
- Rent that breaks even
- $2,878/mo
Long run
- Year 30: property vs stocks
- $913K vs $267K
- Cash flow turns positive
- year 5
The deal
- Price
- $225,000
- Cash to close
- $29,250
- Price per unit
- $112,500
- GRM
- 7.1
Each month
- Cash flow
- −$417/mo
- Cash-on-cash
- −17.1%
- Cap rate
- 5.6%
- DSCR
- 0.72×
Break-even
- Price that breaks even
- $161,375
- Rent that breaks even
- $3,233/mo
Long run
- Year 30: property vs stocks
- $673K vs $372K
- Cash flow turns positive
- year 11
The deal
- Price
- $215,000
- Cash to close
- $27,950
- Price per unit
- $107,500
- GRM
- 6.8
Each month
- Cash flow
- −$129/mo
- Cash-on-cash
- −5.5%
- Cap rate
- 7.1%
- DSCR
- 0.91×
Break-even
- Price that breaks even
- $195,278
- Rent that breaks even
- $2,793/mo
Long run
- Year 30: property vs stocks
- $940K vs $237K
- Cash flow turns positive
- year 5
The deal
- Price
- $215,000
- Cash to close
- $27,950
- Price per unit
- $107,500
- GRM
- 6.8
Each month
- Cash flow
- −$351/mo
- Cash-on-cash
- −15.1%
- Cap rate
- 5.9%
- DSCR
- 0.75×
Break-even
- Price that breaks even
- $161,375
- Rent that breaks even
- $3,137/mo
Long run
- Year 30: property vs stocks
- $682K vs $325K
- Cash flow turns positive
- year 9
The deal
- Price
- $225,000
- Cash to close
- $51,750
- Price per unit
- $112,500
- GRM
- 7.1
Each month
- Cash flow
- $82/mo
- Cash-on-cash
- 1.9%
- Cap rate
- 6.8%
- DSCR
- 1.07×
Break-even
- Price that breaks even
- $240,326
- Rent that breaks even
- $2,519/mo
Long run
- Year 30: property vs stocks
- $1.08M vs $394K
- Cash flow turns positive
- year 1
The deal
- Price
- $225,000
- Cash to close
- $51,750
- Price per unit
- $112,500
- GRM
- 7.1
Each month
- Cash flow
- −$141/mo
- Cash-on-cash
- −3.3%
- Cap rate
- 5.6%
- DSCR
- 0.88×
Break-even
- Price that breaks even
- $198,602
- Rent that breaks even
- $2,830/mo
Long run
- Year 30: property vs stocks
- $764K vs $427K
- Cash flow turns positive
- year 6
The deal
- Price
- $215,000
- Cash to close
- $49,450
- Price per unit
- $107,500
- GRM
- 6.8
Each month
- Cash flow
- $135/mo
- Cash-on-cash
- 3.3%
- Cap rate
- 7.1%
- DSCR
- 1.12×
Break-even
- Price that breaks even
- $240,326
- Rent that breaks even
- $2,450/mo
Long run
- Year 30: property vs stocks
- $1.11M vs $376K
- Cash flow turns positive
- year 1
The deal
- Price
- $215,000
- Cash to close
- $49,450
- Price per unit
- $107,500
- GRM
- 6.8
Each month
- Cash flow
- −$87/mo
- Cash-on-cash
- −2.1%
- Cap rate
- 5.9%
- DSCR
- 0.92×
Break-even
- Price that breaks even
- $198,602
- Rent that breaks even
- $2,752/mo
Long run
- Year 30: property vs stocks
- $784K vs $391K
- Cash flow turns positive
- year 5
The deal
- Price
- $225,000
- Cash to close
- $63,000
- Price per unit
- $112,500
- GRM
- 7.1
Each month
- Cash flow
- $156/mo
- Cash-on-cash
- 3.0%
- Cap rate
- 6.8%
- DSCR
- 1.14×
Break-even
- Price that breaks even
- $256,348
- Rent that breaks even
- $2,422/mo
Long run
- Year 30: property vs stocks
- $1.16M vs $480K
- Cash flow turns positive
- year 1
The deal
- Price
- $225,000
- Cash to close
- $63,000
- Price per unit
- $112,500
- GRM
- 7.1
Each month
- Cash flow
- −$66/mo
- Cash-on-cash
- −1.3%
- Cap rate
- 5.6%
- DSCR
- 0.94×
Break-even
- Price that breaks even
- $211,842
- Rent that breaks even
- $2,721/mo
Long run
- Year 30: property vs stocks
- $826K vs $489K
- Cash flow turns positive
- year 4
The deal
- Price
- $215,000
- Cash to close
- $60,200
- Price per unit
- $107,500
- GRM
- 6.8
Each month
- Cash flow
- $206/mo
- Cash-on-cash
- 4.1%
- Cap rate
- 7.1%
- DSCR
- 1.19×
Break-even
- Price that breaks even
- $256,348
- Rent that breaks even
- $2,357/mo
Long run
- Year 30: property vs stocks
- $1.20M vs $458K
- Cash flow turns positive
- year 1
The deal
- Price
- $215,000
- Cash to close
- $60,200
- Price per unit
- $107,500
- GRM
- 6.8
Each month
- Cash flow
- −$16/mo
- Cash-on-cash
- −0.3%
- Cap rate
- 5.9%
- DSCR
- 0.99×
Break-even
- Price that breaks even
- $211,842
- Rent that breaks even
- $2,648/mo
Long run
- Year 30: property vs stocks
- $852K vs $460K
- Cash flow turns positive
- year 2
Monthly
Monthly breakdown
| Rent | $2,625 |
| Vacancy (6%) | −$158 |
| Collected | $2,468 |
| Property tax Listing | −$307 |
| Insurance Estimate | −$205 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$210 |
| Capital reserve (9% of rent) | −$236 |
| Net operating income | $1,279 |
| Mortgage (principal + interest) | −$1,347 |
| PMI | −$127 |
| Cash flow | −$195 |
| Principal paid down (equity, not cash) | $171 |
| Rent | $2,625 |
| Vacancy (6%) | −$158 |
| Collected | $2,468 |
| Property tax Listing | −$307 |
| Insurance Estimate | −$205 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$210 |
| Capital reserve (9% of rent) | −$236 |
| Property management | −$222 |
| Net operating income | $1,057 |
| Mortgage (principal + interest) | −$1,347 |
| PMI | −$127 |
| Cash flow | −$417 |
| Principal paid down (equity, not cash) | $171 |
| Rent | $2,625 |
| Vacancy (6%) | −$158 |
| Collected | $2,468 |
| Property tax Listing | −$307 |
| Insurance Estimate | −$205 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$210 |
| Capital reserve (9% of rent) | −$236 |
| Net operating income | $1,279 |
| Mortgage (principal + interest) | −$1,287 |
| PMI | −$121 |
| Cash flow | −$129 |
| Principal paid down (equity, not cash) | $164 |
| Rent | $2,625 |
| Vacancy (6%) | −$158 |
| Collected | $2,468 |
| Property tax Listing | −$307 |
| Insurance Estimate | −$205 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$210 |
| Capital reserve (9% of rent) | −$236 |
| Property management | −$222 |
| Net operating income | $1,057 |
| Mortgage (principal + interest) | −$1,287 |
| PMI | −$121 |
| Cash flow | −$351 |
| Principal paid down (equity, not cash) | $164 |
| Rent | $2,625 |
| Vacancy (6%) | −$158 |
| Collected | $2,468 |
| Property tax Listing | −$307 |
| Insurance Estimate | −$205 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$210 |
| Capital reserve (9% of rent) | −$236 |
| Net operating income | $1,279 |
| Mortgage (principal + interest) | −$1,198 |
| Cash flow | $82 |
| Principal paid down (equity, not cash) | $152 |
| Rent | $2,625 |
| Vacancy (6%) | −$158 |
| Collected | $2,468 |
| Property tax Listing | −$307 |
| Insurance Estimate | −$205 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$210 |
| Capital reserve (9% of rent) | −$236 |
| Property management | −$222 |
| Net operating income | $1,057 |
| Mortgage (principal + interest) | −$1,198 |
| Cash flow | −$141 |
| Principal paid down (equity, not cash) | $152 |
| Rent | $2,625 |
| Vacancy (6%) | −$158 |
| Collected | $2,468 |
| Property tax Listing | −$307 |
| Insurance Estimate | −$205 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$210 |
| Capital reserve (9% of rent) | −$236 |
| Net operating income | $1,279 |
| Mortgage (principal + interest) | −$1,144 |
| Cash flow | $135 |
| Principal paid down (equity, not cash) | $146 |
| Rent | $2,625 |
| Vacancy (6%) | −$158 |
| Collected | $2,468 |
| Property tax Listing | −$307 |
| Insurance Estimate | −$205 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$210 |
| Capital reserve (9% of rent) | −$236 |
| Property management | −$222 |
| Net operating income | $1,057 |
| Mortgage (principal + interest) | −$1,144 |
| Cash flow | −$87 |
| Principal paid down (equity, not cash) | $146 |
| Rent | $2,625 |
| Vacancy (6%) | −$158 |
| Collected | $2,468 |
| Property tax Listing | −$307 |
| Insurance Estimate | −$205 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$210 |
| Capital reserve (9% of rent) | −$236 |
| Net operating income | $1,279 |
| Mortgage (principal + interest) | −$1,123 |
| Cash flow | $156 |
| Principal paid down (equity, not cash) | $143 |
| Rent | $2,625 |
| Vacancy (6%) | −$158 |
| Collected | $2,468 |
| Property tax Listing | −$307 |
| Insurance Estimate | −$205 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$210 |
| Capital reserve (9% of rent) | −$236 |
| Property management | −$222 |
| Net operating income | $1,057 |
| Mortgage (principal + interest) | −$1,123 |
| Cash flow | −$66 |
| Principal paid down (equity, not cash) | $143 |
| Rent | $2,625 |
| Vacancy (6%) | −$158 |
| Collected | $2,468 |
| Property tax Listing | −$307 |
| Insurance Estimate | −$205 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$210 |
| Capital reserve (9% of rent) | −$236 |
| Net operating income | $1,279 |
| Mortgage (principal + interest) | −$1,073 |
| Cash flow | $206 |
| Principal paid down (equity, not cash) | $136 |
| Rent | $2,625 |
| Vacancy (6%) | −$158 |
| Collected | $2,468 |
| Property tax Listing | −$307 |
| Insurance Estimate | −$205 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$210 |
| Capital reserve (9% of rent) | −$236 |
| Property management | −$222 |
| Net operating income | $1,057 |
| Mortgage (principal + interest) | −$1,073 |
| Cash flow | −$16 |
| Principal paid down (equity, not cash) | $136 |
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
- $513,366
- Rental profits, invested at 7%
- $399,823
Sells for $546,134 (value up 3% a year), minus 6% selling cost ($32,768). Rent paid down $202,500 of loan.
$209,935 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $222,658
- Monthly shortfalls, invested
- $44,796
$29,250 put into an index fund instead of the down payment and closing costs.
$6,805 you'd have paid in while the building lost money, invested instead.
The building comes out $645,735 ahead after 30 years.
- Your equity when you sell
- $513,366
- Rental profits, invested at 7%
- $159,378
Sells for $546,134 (value up 3% a year), minus 6% selling cost ($32,768). Rent paid down $202,500 of loan.
$101,059 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $222,658
- Monthly shortfalls, invested
- $149,787
$29,250 put into an index fund instead of the down payment and closing costs.
$24,712 you'd have paid in while the building lost money, invested instead.
The building comes out $300,298 ahead after 30 years.
- Your equity when you sell
- $490,549
- Rental profits, invested at 7%
- $449,169
Sells for $521,861 (value up 3% a year), minus 6% selling cost ($31,312). Rent paid down $193,500 of loan.
$228,617 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $212,763
- Monthly shortfalls, invested
- $24,529
$27,950 put into an index fund instead of the down payment and closing costs.
$3,661 you'd have paid in while the building lost money, invested instead.
The building comes out $702,428 ahead after 30 years.
- Your equity when you sell
- $490,549
- Rental profits, invested at 7%
- $191,818
Sells for $521,861 (value up 3% a year), minus 6% selling cost ($31,312). Rent paid down $193,500 of loan.
$116,188 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $212,763
- Monthly shortfalls, invested
- $112,614
$27,950 put into an index fund instead of the down payment and closing costs.
$18,016 you'd have paid in while the building lost money, invested instead.
The building comes out $356,990 ahead after 30 years.
- Your equity when you sell
- $513,366
- Rental profits, invested at 7%
- $563,869
Sells for $546,134 (value up 3% a year), minus 6% selling cost ($32,768). Rent paid down $180,000 of loan.
$263,095 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $393,934
$51,750 put into an index fund instead of the down payment and closing costs.
The building comes out $683,301 ahead after 30 years.
- Your equity when you sell
- $513,366
- Rental profits, invested at 7%
- $251,013
Sells for $546,134 (value up 3% a year), minus 6% selling cost ($32,768). Rent paid down $180,000 of loan.
$141,295 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $393,934
- Monthly shortfalls, invested
- $32,581
$51,750 put into an index fund instead of the down payment and closing costs.
$4,984 you'd have paid in while the building lost money, invested instead.
The building comes out $337,864 ahead after 30 years.
- Your equity when you sell
- $490,549
- Rental profits, invested at 7%
- $624,200
Sells for $521,861 (value up 3% a year), minus 6% selling cost ($31,312). Rent paid down $172,000 of loan.
$282,255 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $376,426
$49,450 put into an index fund instead of the down payment and closing costs.
The building comes out $738,324 ahead after 30 years.
- Your equity when you sell
- $490,549
- Rental profits, invested at 7%
- $293,302
Sells for $521,861 (value up 3% a year), minus 6% selling cost ($31,312). Rent paid down $172,000 of loan.
$157,611 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $376,426
- Monthly shortfalls, invested
- $14,539
$49,450 put into an index fund instead of the down payment and closing costs.
$2,139 you'd have paid in while the building lost money, invested instead.
The building comes out $392,886 ahead after 30 years.
- Your equity when you sell
- $513,366
- Rental profits, invested at 7%
- $648,710
Sells for $546,134 (value up 3% a year), minus 6% selling cost ($32,768). Rent paid down $168,750 of loan.
$290,040 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $479,572
$63,000 put into an index fund instead of the down payment and closing costs.
The building comes out $682,504 ahead after 30 years.
- Your equity when you sell
- $513,366
- Rental profits, invested at 7%
- $312,549
Sells for $546,134 (value up 3% a year), minus 6% selling cost ($32,768). Rent paid down $168,750 of loan.
$164,603 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $479,572
- Monthly shortfalls, invested
- $9,277
$63,000 put into an index fund instead of the down payment and closing costs.
$1,347 you'd have paid in while the building lost money, invested instead.
The building comes out $337,066 ahead after 30 years.
- Your equity when you sell
- $490,549
- Rental profits, invested at 7%
- $705,270
Sells for $521,861 (value up 3% a year), minus 6% selling cost ($31,312). Rent paid down $161,250 of loan.
$308,003 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $458,258
$60,200 put into an index fund instead of the down payment and closing costs.
The building comes out $737,562 ahead after 30 years.
- Your equity when you sell
- $490,549
- Rental profits, invested at 7%
- $361,178
Sells for $521,861 (value up 3% a year), minus 6% selling cost ($31,312). Rent paid down $161,250 of loan.
$181,408 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $458,258
- Monthly shortfalls, invested
- $1,345
$60,200 put into an index fund instead of the down payment and closing costs.
$189 you'd have paid in while the building lost money, invested instead.
The building comes out $392,125 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 $913K, stocks $267K. The property wins.
Year 30 (loan paid off): property $673K, stocks $372K. The property wins.
Year 30 (loan paid off): property $940K, stocks $237K. The property wins.
Year 30 (loan paid off): property $682K, stocks $325K. The property wins.
Year 30 (loan paid off): property $1.08M, stocks $394K. The property wins.
Year 30 (loan paid off): property $764K, stocks $427K. The property wins.
Year 30 (loan paid off): property $1.11M, stocks $376K. The property wins.
Year 30 (loan paid off): property $784K, stocks $391K. The property wins.
Year 30 (loan paid off): property $1.16M, stocks $480K. The property wins.
Year 30 (loan paid off): property $826K, stocks $489K. The property wins.
Year 30 (loan paid off): property $1.20M, stocks $458K. The property wins.
Year 30 (loan paid off): property $852K, stocks $460K. The property wins.
Comparable rentals
Nearby rentals RentCast matched to each unit type, as of 2026-10-06. The estimate above is RentCast's, weighted toward the closest matches.
3 bed / 1 bath estimate $1,425/mo · range $1,175–$1,675
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 266 E Sanborn St, Unit 2, Winona 55987 off market | $1,320 | 3 / 1 | 0.4 mi | 92% |
| 258 Lee St, Winona 55987 off market | $1,115 | 3 / 1 | 1.7 mi | 91% |
| 1290 E Burns Valley Rd, Apt 3, Winona 55987 off market | $1,000 | 3 / 1 | 1.8 mi | 91% |
| 450 E 7th St, Unit 5, Winona 55987 off market | $1,400 | 3 / 1 | 0.7 mi | 89% |
| 560 Main St, Apt 2, Winona 55987 off market | $1,600 | 4 / 1 | 0.1 mi | 84% |
| 560 Main St, Apt 3, Winona 55987 off market | $1,600 | 4 / 1 | 0.1 mi | 84% |
| 560 Main St, Apt 4, Winona 55987 off market | $1,600 | 4 / 1 | 0.1 mi | 84% |
| 263 Orrin St, Apt D, Winona 55987 off market | $1,400 | 3 / 1 | 2.1 mi | 82% |
| 1402 W 6th St, Unit D, Winona 55987 off market | $950 | 2 / 1 | 1.7 mi | 82% |
| 415 Center St, Winona 55987 off market | $1,740 | 4 / 1 | 0.1 mi | 82% |
2 bed / 1 bath estimate $1,200/mo · range $1,025–$1,350
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 1402 W 6th St, Unit D, Winona 55987 off market | $950 | 2 / 1 | 1.7 mi | 91% |
| 1719 W 5th St, Apt 105, Winona 55987 off market | $1,100 | 2 / 1 | 2.2 mi | 89% |
| 1214 Gilmore Ave, Apt 3, Winona 55987 off market | $895 | 2 / 1 | 1.4 mi | 89% |
| 362 W 4th St, Unit 2, Winona 55987 off market | $1,030 | 2 / 1 | 0.6 mi | 89% |
| 317 Market St, Apt 103, Winona 55987 off market | $1,360 | 2 / 1 | 0.3 mi | 88% |
| 270 W 3rd St, Apt 205, Winona 55987 off market | $1,430 | 2 / 1 | 0.6 mi | 88% |
| 1555 Homer Rd, Winona 55987 | $1,109 | 2 / 1 | 2.4 mi | 86% |
| 3650 W 8th St, Apt 4, Goodview 55987 off market | $1,200 | 2 / 1 | 2.7 mi | 85% |
| 5140 W 7th St, Apt 9, Winona 55987 off market | $895 | 2 / 1 | 3.6 mi | 84% |
| 68 Warren Ct, Winona 55987 off market | $1,100 | 2 / 1 | 3.3 mi | 83% |
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 476 MAIN ST
- mediumOccupancy is certified for many unrelated tenants, which means heavy wear and frequent turnover in a student-driven market. Listing says: Rental certified for 5 unrelated down and 3 unrelated up. · AI review
- mediumLeases end May 25, 2027, so the rent roll is tied to a student cycle and the vacancy risk is concentrated in one summer. Listing says: Both units are rented for June 1, 2026-May 25, 2027. · AI review
- mediumRadiator heat appears to run off a single system in a 1880 building. Heating costs and who pays them are not stated. Based on: photo 3 · AI review
- lowThe upstairs kitchen appears original and dated, with older cabinets and an electric range. The living room has a dropped ceiling and wood paneling. Based on: photo 10 · AI review
Opportunities
- Long time on market: room to negotiate. Based on: Listing data: 172 days on market
- Downstairs rent of $1,350 is below our $1,475 mid estimate for a 3-bed. There may be room to raise it at renewal, though the 5-person occupancy suggests it's already priced by the room. Based on: data: rent_estimate · AI review
- Location across from the WSU Wellness Center supports steady student demand. Listing says: right across the street from the WSU Wellness Center · AI review
Questions for the agent
- Can I see the rent roll, leases and the last 12 months of expenses, including who pays heat, water and electric?
- Are the rents per unit or per room, and who are the tenants?
- What are the actual property taxes, and is the rental license current for 2 units?
- How old are the roof, boiler or radiator system, water heater and electrical panel?
- Why has it sat for 172 days, and have there been price cuts or offers?
- Is there any shared laundry or off-street parking for tenants?
Bottom line
A thin-margin student duplex that only works at a lower price or with confirmed rents and low expenses, so verify taxes and the rent roll before offering. 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. | $3,686 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $2,460 |
| 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 2026-04-16 (172 days); down $30,000 (11.8%) from the first ask of $255,000; last sold for $75,000 on 1998-07-29.
| Date | Event | Price |
|---|---|---|
| Price changed | $225,000 | |
| Price changed | $239,000 | |
| Price changed | $249,000 | |
| Listed | $255,000 | |
| Sold public record | $75,000 | |
| Sold public record | $79,000 |
From the listing Listing
| Listed as | duplex up and down |
| Property tax, 2026 | $3,686 |
| County | Winona |
| Parcel number | 324550810 |
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 Winona on rental licensing before you buy.