5727 Goodrich Ave

Duplex · 2 units: 3 bed / 1 bath ×2 unit split estimated · 2,810 sq ft

Saint Louis Park, MN · View the listing ↗

53 photos

Photos, via Realtor.com.

Asking price: $595,000
Monthly cash flow: −$536
Estimated rent: $4,650/mo
Break-even price: $494,375

Adjust the numbers See the full breakdown

From the listing

Welcome to this beautiful & updated Duplex in St. Louis Park. This property offers an abundance of amenities and updates throughout. The main level unit has been fully renovated in 2020. It has a wonderful open concept as soon as you walk through the door. This unit includes three bedrooms, one full bathroom, full laundry room and it includes two out of the three stall garage spaces. The updates in this unit are immense, neutral and natural colors throughout, full open and bright kitchen leads to your family room, beautiful three season porch and it also includes a walk out to the deck. Upstairs is a three bedroom, one bathroom unit with its own laundry as well. Brand new carpet throughout the living space and hallway, large dining room and immense natural light throughout. This property is located on a corner lot, beautiful landscaping, and garden spaces run through this property, and much space to enjoy through all seasons! This property has been extremely well taken care of, maintained and updated. Close to all of the amenities St. Louis Park has to offer, including walking trails, parks, shopping, dining, and entertainment. Don't miss out, come see this property today!

Description from Realtor.com, MLS #7143300. Believed reliable but not guaranteed; confirm with the listing agent. View on Realtor.com ↗

First look

This is a clean, updated duplex with two 3-bed/1-bath units, but at $595K it doesn't work at today's rates. Our underwriting at the ask shows about -$536/month cash flow with 20% down and a 5.3% cap rate, and break-even is near $494K. The listing gives no rents, no heat type and no tax figure, and we couldn't match a county parcel, so the expense side is a guess. The main level was renovated in 2020, but the photos show cosmetic updates only. Get the rent roll, the rental license status and the heating setup before a showing. At the current price it's worth a look only if the seller will come down substantially or the rents beat our $2,325 midpoint.

Things to consider

Price is well above break-even Our numbers show clearly negative cash flow at ask with 20% down. Any extra repair or vacancy cost makes it worse, so the price likely needs to come down substantially.
Taxes and unit count are unverified We couldn't match a county parcel, so taxes could be higher for an investor. Confirm the actual bill and that the property is legally a duplex.
No rent data in the listing Our $2,325 per unit midpoint is an estimate, not income. Actual rents, lease status and tenant history decide whether this works.
1905 build with unknown systems Old buildings can hide costly wiring, plumbing, heating or foundation problems. The description says updated but names no specific systems.Listing says: “This property has been extremely well taken care of, maintained and updated.”
Garage split favors the main unit The main unit gets two of three stalls, so the upper tenant may have limited parking. That can affect upper-unit rent and tenant demand.Listing says: “it includes two out of the three stall garage spaces”

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

doneMain level fully renovatedListing says: The main level unit has been fully renovated in 2020.
doneNew carpet in upper unit living space and hallwayListing says: Brand new carpet throughout the living space and hallway

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: $595,000
Cash to close: $136,850
Price per unit: $297,500
GRM: 10.7

Each month

Cash flow: −$536/mo
Cash-on-cash: −4.7%
Cap rate: 5.3%
DSCR: 0.83×

Break-even

Price that breaks even: $494,375
Rent that breaks even: $5,328/mo

Long run

Year 30: property vs stocks: $1.92M vs $1.20M
Cash flow turns positive: year 8

Monthly

Monthly breakdown

Rent	$4,650
Vacancy (6%)	−$279
Collected	$4,371
Property tax Listing	−$583
Insurance Estimate	−$229
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (7% of rent)	−$326
Capital reserve (8% of rent)	−$372
Net operating income	$2,631
Mortgage (principal + interest)	−$3,167
Cash flow	−$536
Principal paid down (equity, not cash)	$403

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

If you buy this building$1,924,927

Your equity when you sell: $1,357,568
Rental profits, invested at 7%: $567,359

Same money in stocks$1,201,844

Cash to close, invested at 7%: $1,041,737
Monthly shortfalls, invested: $160,107

The building comes out $723,083 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

This propertyStocks at 7%

Year 30 (loan paid off): property $1.92M, stocks $1.20M. 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.

3 bed / 1 bath estimate $2,325/mo · range $1,600–$3,050

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Match
2921 Sunset Blvd, Minneapolis 55416	$2,400	3 / 1	1,500	1.6 mi	2026-04-21	86%
7400 Highway, 7 Apt 202, Saint Louis Park 55426 off market	$3,250	3 / 2	1,750	1.0 mi	2026-09-29	85%
7400 7400 Hwy, # 7-202, Saint Louis Park 55426 off market	$3,250	3 / 2	1,750	1.1 mi	2026-09-24	85%
6227 W 34th St, Saint Louis Park 55416 off market	$1,350	2 / 1	—	0.6 mi	2026-02-03	84%
3004 Ottawa Ave S, Saint Louis Park 55416 off market	$1,299	2 / 1	—	1.2 mi	2026-05-16	83%
3100 Inglewood Ave S, Saint Louis Park 55416	$1,399	2 / 1	—	1.3 mi	2026-09-03	83%
3050 Inglewood Ave S, Saint Louis Park 55416	$1,300	2 / 1	—	1.3 mi	2026-09-17	83%
4705 France Ave S, Minneapolis 55410 off market	$2,800	3 / 2	1,600	1.6 mi	2026-05-27	82%
1217/1219 Oxford Dr, Hopkins 55343 off market	$1,895	3 / 1	1,000	1.6 mi	2026-03-14	82%
2748 Vernon Ave S, Saint Louis Park 55416 off market	$2,499	3 / 1	2,368	1.3 mi	2026-08-17	80%

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

highNo rents, lease status or occupancy given, so income is unverified Based on: data: rent_estimate · 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 5727 GOODRICH AVE
mediumMain unit includes two of three garage stalls, leaving the upper unit with little parking. Check how parking is split. Listing says: it includes two out of the three stall garage spaces · AI review
medium1905 building with no mention of heating system, panel or roof age Based on: data: listing.year_built · AI review

Opportunities

Listing is silent on rents. If current rents are below our $2,625 midpoint, there may be room to raise them. St. Louis Park has no rent cap. Based on: data: underwriting.rent_rule · AI review
Only 18 days on market, but the numbers don't work at ask, so there is room to negotiate toward break-even. Based on: data: underwriting.break_even_price · AI review

Questions for the agent

What are the current rents, lease terms and lease end dates for each unit?
Is the property owner-occupied now, and will both units be delivered vacant or with tenants?
What heating system serves each unit, and are the gas and electric meters separate?
How old are the roof, furnace(s), water heater and electrical panel?
Is the rental license current for two units, and what are the actual property taxes?
How are the three garage stalls split between the units?

Bottom line

Nicely kept duplex with solid unit sizes, but it's priced well above break-even with no rents disclosed, so verify income before spending time on it. 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.	$6,994
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,753
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 1905: +1 pt capital reserve; "fully renovated" in the description: -1 pts each	7% / 8%

Price history Realtor.com

On the market since 2026-09-17 (18 days); last sold for $190,000 on 1999-06-29; listed for rent at $1,195/mo on 2015-06-24.

Date	Event	Price
2026-09-17	Listed	$595,000
2015-07-07	Rental removed	$1,195/mo
2015-06-24	Listed for rent	$1,195/mo
1999-06-29	Sold public record	$190,000
1991-09-06	Sold public record	$79,900

From the listing Listing

Listed as	duplex up and down
Property tax, 2026	$6,994
County	Hennepin
Parcel number	2111721210061

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 Saint Louis Park on rental licensing before you buy.