6043 Brooklyn Blvd
Triplex · 3 units: 3 bed / 2 bath ×3 unit split estimated · 3,885 sq ft
Brooklyn Center, MN · View the listing ↗
Photos courtesy of RE/MAX Results, via Realtor.com.
- Asking price
- $799,000 3 units · $266K per unit
- Monthly cash flow
- −$2,717 at 20% down, 7%
- Estimated rent
- $4,800/mo medium confidence
- Break-even price
- $288,493 where cash flow hits $0
First look
This is a new-construction triplex sold by a developer, and the price doesn't work as a rental. At $799K the numbers show about -$2,717 a month and a 2.3% cap rate, using our $1,600 mid rent per 3-bed unit. Break-even is near $288K, so the ask is far above what rents support. Photos show clean, modern finishes, so repair risk looks low, but that doesn't fix the price. The description gives no rents, no tenants and no tax figures, so ask for the real tax bill on the new parcel and any rent comps before a showing. It's only worth a look if you want the land package or the developer pricing is negotiable.
Things to consider
- Price vs rents At ask the property loses about $2,700 a month on our numbers and break-even is under $290K. Rents would have to be far higher than comps to work.
- Taxes unverified The address didn't match a county parcel, and a new-build parcel will likely be taxed on full value. That could widen the gap further.
- Rents and occupancy unknown With no stated rents, income is just our $1,600 per unit estimate. Check actual leases, or confirm the units are vacant.
- Land package is the real asset Five lots at $500K with entitlements and plans may be worth more to a builder than the finished triplexes are to a landlord. Development costs and rents still have to pencil.Listing says: “Purchase all 5 Land Parcels (1.03 Acres) for $500,000 total”
- New construction lowers near-term repair risk Finishes look new, so you can budget lighter repairs for a few years. That helps cash flow only slightly at this price.From photo 5
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
- doneBrand new construction, each triplex on its own parcelListing says: 2 Brand New Triplexes + 5 Triplex Development Lots
- doneSite work, roads, utilities, grading and drainage completedListing says: Completed Site Work & Infrastructure: Major roads, utilities, grading, and drainage improvements are already in place
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
- $799,000
- Cash to close
- $103,870
- Price per unit
- $266,333
- GRM
- 13.9
Each month
- Cash flow
- −$3,698/mo
- Cash-on-cash
- −42.7%
- Cap rate
- 2.3%
- DSCR
- 0.29×
Break-even
- Price that breaks even
- $234,416
- Rent that breaks even
- $9,603/mo
Long run
- Year 30: property vs stocks
- $1.82M vs $4.16M
- Cash flow turns positive
- not within 30 years
The deal
- Price
- $799,000
- Cash to close
- $103,870
- Price per unit
- $266,333
- GRM
- 13.9
Each month
- Cash flow
- −$4,104/mo
- Cash-on-cash
- −47.4%
- Cap rate
- 1.7%
- DSCR
- 0.22×
Break-even
- Price that breaks even
- $172,421
- Rent that breaks even
- $10,788/mo
Long run
- Year 30: property vs stocks
- $1.82M vs $4.79M
- Cash flow turns positive
- not within 30 years
The deal
- Price
- $789,000
- Cash to close
- $102,570
- Price per unit
- $263,000
- GRM
- 13.7
Each month
- Cash flow
- −$3,633/mo
- Cash-on-cash
- −42.5%
- Cap rate
- 2.3%
- DSCR
- 0.30×
Break-even
- Price that breaks even
- $234,416
- Rent that breaks even
- $9,518/mo
Long run
- Year 30: property vs stocks
- $1.80M vs $4.08M
- Cash flow turns positive
- not within 30 years
The deal
- Price
- $789,000
- Cash to close
- $102,570
- Price per unit
- $263,000
- GRM
- 13.7
Each month
- Cash flow
- −$4,039/mo
- Cash-on-cash
- −47.3%
- Cap rate
- 1.7%
- DSCR
- 0.22×
Break-even
- Price that breaks even
- $172,421
- Rent that breaks even
- $10,693/mo
Long run
- Year 30: property vs stocks
- $1.80M vs $4.72M
- Cash flow turns positive
- not within 30 years
The deal
- Price
- $799,000
- Cash to close
- $183,770
- Price per unit
- $266,333
- GRM
- 13.9
Each month
- Cash flow
- −$2,717/mo
- Cash-on-cash
- −17.7%
- Cap rate
- 2.3%
- DSCR
- 0.36×
Break-even
- Price that breaks even
- $288,493
- Rent that breaks even
- $8,329/mo
Long run
- Year 30: property vs stocks
- $1.82M vs $4.03M
- Cash flow turns positive
- not within 30 years
The deal
- Price
- $799,000
- Cash to close
- $183,770
- Price per unit
- $266,333
- GRM
- 13.9
Each month
- Cash flow
- −$3,123/mo
- Cash-on-cash
- −20.4%
- Cap rate
- 1.7%
- DSCR
- 0.27×
Break-even
- Price that breaks even
- $212,197
- Rent that breaks even
- $9,357/mo
Long run
- Year 30: property vs stocks
- $1.82M vs $4.66M
- Cash flow turns positive
- not within 30 years
The deal
- Price
- $789,000
- Cash to close
- $181,470
- Price per unit
- $263,000
- GRM
- 13.7
Each month
- Cash flow
- −$2,664/mo
- Cash-on-cash
- −17.6%
- Cap rate
- 2.3%
- DSCR
- 0.37×
Break-even
- Price that breaks even
- $288,493
- Rent that breaks even
- $8,260/mo
Long run
- Year 30: property vs stocks
- $1.80M vs $3.95M
- Cash flow turns positive
- not within 30 years
The deal
- Price
- $789,000
- Cash to close
- $181,470
- Price per unit
- $263,000
- GRM
- 13.7
Each month
- Cash flow
- −$3,070/mo
- Cash-on-cash
- −20.3%
- Cap rate
- 1.7%
- DSCR
- 0.27×
Break-even
- Price that breaks even
- $212,197
- Rent that breaks even
- $9,279/mo
Long run
- Year 30: property vs stocks
- $1.80M vs $4.58M
- Cash flow turns positive
- not within 30 years
The deal
- Price
- $799,000
- Cash to close
- $223,720
- Price per unit
- $266,333
- GRM
- 13.9
Each month
- Cash flow
- −$2,451/mo
- Cash-on-cash
- −13.1%
- Cap rate
- 2.3%
- DSCR
- 0.39×
Break-even
- Price that breaks even
- $307,726
- Rent that breaks even
- $7,984/mo
Long run
- Year 30: property vs stocks
- $1.82M vs $4.03M
- Cash flow turns positive
- not within 30 years
The deal
- Price
- $799,000
- Cash to close
- $223,720
- Price per unit
- $266,333
- GRM
- 13.9
Each month
- Cash flow
- −$2,857/mo
- Cash-on-cash
- −15.3%
- Cap rate
- 1.7%
- DSCR
- 0.28×
Break-even
- Price that breaks even
- $226,343
- Rent that breaks even
- $8,969/mo
Long run
- Year 30: property vs stocks
- $1.82M vs $4.66M
- Cash flow turns positive
- not within 30 years
The deal
- Price
- $789,000
- Cash to close
- $220,920
- Price per unit
- $263,000
- GRM
- 13.7
Each month
- Cash flow
- −$2,401/mo
- Cash-on-cash
- −13.0%
- Cap rate
- 2.3%
- DSCR
- 0.39×
Break-even
- Price that breaks even
- $307,726
- Rent that breaks even
- $7,919/mo
Long run
- Year 30: property vs stocks
- $1.80M vs $3.95M
- Cash flow turns positive
- not within 30 years
The deal
- Price
- $789,000
- Cash to close
- $220,920
- Price per unit
- $263,000
- GRM
- 13.7
Each month
- Cash flow
- −$2,808/mo
- Cash-on-cash
- −15.3%
- Cap rate
- 1.7%
- DSCR
- 0.29×
Break-even
- Price that breaks even
- $226,343
- Rent that breaks even
- $8,896/mo
Long run
- Year 30: property vs stocks
- $1.80M vs $4.59M
- Cash flow turns positive
- not within 30 years
Monthly
Monthly breakdown
| Rent | $4,800 |
| Vacancy (6%) | −$288 |
| Collected | $4,512 |
| Property tax Listing | −$1,540 |
| Insurance Estimate | −$306 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (9% of rent) | −$432 |
| Capital reserve (8% of rent) | −$384 |
| Net operating income | $1,535 |
| Mortgage (principal + interest) | −$4,784 |
| PMI | −$449 |
| Cash flow | −$3,698 |
| Principal paid down (equity, not cash) | $609 |
| Rent | $4,800 |
| Vacancy (6%) | −$288 |
| Collected | $4,512 |
| Property tax Listing | −$1,540 |
| Insurance Estimate | −$306 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (9% of rent) | −$432 |
| Capital reserve (8% of rent) | −$384 |
| Property management | −$406 |
| Net operating income | $1,129 |
| Mortgage (principal + interest) | −$4,784 |
| PMI | −$449 |
| Cash flow | −$4,104 |
| Principal paid down (equity, not cash) | $609 |
| Rent | $4,800 |
| Vacancy (6%) | −$288 |
| Collected | $4,512 |
| Property tax Listing | −$1,540 |
| Insurance Estimate | −$306 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (9% of rent) | −$432 |
| Capital reserve (8% of rent) | −$384 |
| Net operating income | $1,535 |
| Mortgage (principal + interest) | −$4,724 |
| PMI | −$444 |
| Cash flow | −$3,633 |
| Principal paid down (equity, not cash) | $601 |
| Rent | $4,800 |
| Vacancy (6%) | −$288 |
| Collected | $4,512 |
| Property tax Listing | −$1,540 |
| Insurance Estimate | −$306 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (9% of rent) | −$432 |
| Capital reserve (8% of rent) | −$384 |
| Property management | −$406 |
| Net operating income | $1,129 |
| Mortgage (principal + interest) | −$4,724 |
| PMI | −$444 |
| Cash flow | −$4,039 |
| Principal paid down (equity, not cash) | $601 |
| Rent | $4,800 |
| Vacancy (6%) | −$288 |
| Collected | $4,512 |
| Property tax Listing | −$1,540 |
| Insurance Estimate | −$306 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (9% of rent) | −$432 |
| Capital reserve (8% of rent) | −$384 |
| Net operating income | $1,535 |
| Mortgage (principal + interest) | −$4,253 |
| Cash flow | −$2,717 |
| Principal paid down (equity, not cash) | $541 |
| Rent | $4,800 |
| Vacancy (6%) | −$288 |
| Collected | $4,512 |
| Property tax Listing | −$1,540 |
| Insurance Estimate | −$306 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (9% of rent) | −$432 |
| Capital reserve (8% of rent) | −$384 |
| Property management | −$406 |
| Net operating income | $1,129 |
| Mortgage (principal + interest) | −$4,253 |
| Cash flow | −$3,123 |
| Principal paid down (equity, not cash) | $541 |
| Rent | $4,800 |
| Vacancy (6%) | −$288 |
| Collected | $4,512 |
| Property tax Listing | −$1,540 |
| Insurance Estimate | −$306 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (9% of rent) | −$432 |
| Capital reserve (8% of rent) | −$384 |
| Net operating income | $1,535 |
| Mortgage (principal + interest) | −$4,199 |
| Cash flow | −$2,664 |
| Principal paid down (equity, not cash) | $534 |
| Rent | $4,800 |
| Vacancy (6%) | −$288 |
| Collected | $4,512 |
| Property tax Listing | −$1,540 |
| Insurance Estimate | −$306 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (9% of rent) | −$432 |
| Capital reserve (8% of rent) | −$384 |
| Property management | −$406 |
| Net operating income | $1,129 |
| Mortgage (principal + interest) | −$4,199 |
| Cash flow | −$3,070 |
| Principal paid down (equity, not cash) | $534 |
| Rent | $4,800 |
| Vacancy (6%) | −$288 |
| Collected | $4,512 |
| Property tax Listing | −$1,540 |
| Insurance Estimate | −$306 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (9% of rent) | −$432 |
| Capital reserve (8% of rent) | −$384 |
| Net operating income | $1,535 |
| Mortgage (principal + interest) | −$3,987 |
| Cash flow | −$2,451 |
| Principal paid down (equity, not cash) | $507 |
| Rent | $4,800 |
| Vacancy (6%) | −$288 |
| Collected | $4,512 |
| Property tax Listing | −$1,540 |
| Insurance Estimate | −$306 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (9% of rent) | −$432 |
| Capital reserve (8% of rent) | −$384 |
| Property management | −$406 |
| Net operating income | $1,129 |
| Mortgage (principal + interest) | −$3,987 |
| Cash flow | −$2,857 |
| Principal paid down (equity, not cash) | $507 |
| Rent | $4,800 |
| Vacancy (6%) | −$288 |
| Collected | $4,512 |
| Property tax Listing | −$1,540 |
| Insurance Estimate | −$306 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (9% of rent) | −$432 |
| Capital reserve (8% of rent) | −$384 |
| Net operating income | $1,535 |
| Mortgage (principal + interest) | −$3,937 |
| Cash flow | −$2,401 |
| Principal paid down (equity, not cash) | $501 |
| Rent | $4,800 |
| Vacancy (6%) | −$288 |
| Collected | $4,512 |
| Property tax Listing | −$1,540 |
| Insurance Estimate | −$306 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (9% of rent) | −$432 |
| Capital reserve (8% of rent) | −$384 |
| Property management | −$406 |
| Net operating income | $1,129 |
| Mortgage (principal + interest) | −$3,937 |
| Cash flow | −$2,808 |
| Principal paid down (equity, not cash) | $501 |
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
- $1,823,020
- Rental profits, invested at 7%
- $0
Sells for $1,939,383 (value up 3% a year), minus 6% selling cost ($116,363). Rent paid down $719,100 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $790,685
- Monthly shortfalls, invested
- $3,372,607
$103,870 put into an index fund instead of the down payment and closing costs.
$972,199 you'd have paid in while the building lost money, invested instead.
Stocks come out $2,340,272 ahead after 30 years.
- Your equity when you sell
- $1,823,020
- Rental profits, invested at 7%
- $0
Sells for $1,939,383 (value up 3% a year), minus 6% selling cost ($116,363). Rent paid down $719,100 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $790,685
- Monthly shortfalls, invested
- $4,004,264
$103,870 put into an index fund instead of the down payment and closing costs.
$1,204,032 you'd have paid in while the building lost money, invested instead.
Stocks come out $2,971,929 ahead after 30 years.
- Your equity when you sell
- $1,800,203
- Rental profits, invested at 7%
- $0
Sells for $1,915,110 (value up 3% a year), minus 6% selling cost ($114,907). Rent paid down $710,100 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $780,789
- Monthly shortfalls, invested
- $3,302,994
$102,570 put into an index fund instead of the down payment and closing costs.
$950,373 you'd have paid in while the building lost money, invested instead.
Stocks come out $2,283,580 ahead after 30 years.
- Your equity when you sell
- $1,800,203
- Rental profits, invested at 7%
- $0
Sells for $1,915,110 (value up 3% a year), minus 6% selling cost ($114,907). Rent paid down $710,100 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $780,789
- Monthly shortfalls, invested
- $3,934,651
$102,570 put into an index fund instead of the down payment and closing costs.
$1,182,206 you'd have paid in while the building lost money, invested instead.
Stocks come out $2,915,237 ahead after 30 years.
- Your equity when you sell
- $1,823,020
- Rental profits, invested at 7%
- $0
Sells for $1,939,383 (value up 3% a year), minus 6% selling cost ($116,363). Rent paid down $639,200 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $1,398,904
- Monthly shortfalls, invested
- $2,630,988
$183,770 put into an index fund instead of the down payment and closing costs.
$759,258 you'd have paid in while the building lost money, invested instead.
Stocks come out $2,206,872 ahead after 30 years.
- Your equity when you sell
- $1,823,020
- Rental profits, invested at 7%
- $0
Sells for $1,939,383 (value up 3% a year), minus 6% selling cost ($116,363). Rent paid down $639,200 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $1,398,904
- Monthly shortfalls, invested
- $3,262,645
$183,770 put into an index fund instead of the down payment and closing costs.
$991,092 you'd have paid in while the building lost money, invested instead.
Stocks come out $2,838,529 ahead after 30 years.
- Your equity when you sell
- $1,800,203
- Rental profits, invested at 7%
- $0
Sells for $1,915,110 (value up 3% a year), minus 6% selling cost ($114,907). Rent paid down $631,200 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $1,381,396
- Monthly shortfalls, invested
- $2,570,657
$181,470 put into an index fund instead of the down payment and closing costs.
$740,098 you'd have paid in while the building lost money, invested instead.
Stocks come out $2,151,850 ahead after 30 years.
- Your equity when you sell
- $1,800,203
- Rental profits, invested at 7%
- $0
Sells for $1,915,110 (value up 3% a year), minus 6% selling cost ($114,907). Rent paid down $631,200 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $1,381,396
- Monthly shortfalls, invested
- $3,202,314
$181,470 put into an index fund instead of the down payment and closing costs.
$971,931 you'd have paid in while the building lost money, invested instead.
Stocks come out $2,783,507 ahead after 30 years.
- Your equity when you sell
- $1,823,020
- Rental profits, invested at 7%
- $0
Sells for $1,939,383 (value up 3% a year), minus 6% selling cost ($116,363). Rent paid down $599,250 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $1,703,014
- Monthly shortfalls, invested
- $2,329,709
$223,720 put into an index fund instead of the down payment and closing costs.
$663,575 you'd have paid in while the building lost money, invested instead.
Stocks come out $2,209,703 ahead after 30 years.
- Your equity when you sell
- $1,823,020
- Rental profits, invested at 7%
- $0
Sells for $1,939,383 (value up 3% a year), minus 6% selling cost ($116,363). Rent paid down $599,250 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $1,703,014
- Monthly shortfalls, invested
- $2,961,366
$223,720 put into an index fund instead of the down payment and closing costs.
$895,408 you'd have paid in while the building lost money, invested instead.
Stocks come out $2,841,360 ahead after 30 years.
- Your equity when you sell
- $1,800,203
- Rental profits, invested at 7%
- $0
Sells for $1,915,110 (value up 3% a year), minus 6% selling cost ($114,907). Rent paid down $591,750 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $1,681,699
- Monthly shortfalls, invested
- $2,273,149
$220,920 put into an index fund instead of the down payment and closing costs.
$645,612 you'd have paid in while the building lost money, invested instead.
Stocks come out $2,154,645 ahead after 30 years.
- Your equity when you sell
- $1,800,203
- Rental profits, invested at 7%
- $0
Sells for $1,915,110 (value up 3% a year), minus 6% selling cost ($114,907). Rent paid down $591,750 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $1,681,699
- Monthly shortfalls, invested
- $2,904,805
$220,920 put into an index fund instead of the down payment and closing costs.
$877,445 you'd have paid in while the building lost money, invested instead.
Stocks come out $2,786,302 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 $1.82M, stocks $4.16M. Stocks win.
Year 30 (loan paid off): property $1.82M, stocks $4.79M. Stocks win.
Year 30 (loan paid off): property $1.80M, stocks $4.08M. Stocks win.
Year 30 (loan paid off): property $1.80M, stocks $4.72M. Stocks win.
Year 30 (loan paid off): property $1.82M, stocks $4.03M. Stocks win.
Year 30 (loan paid off): property $1.82M, stocks $4.66M. Stocks win.
Year 30 (loan paid off): property $1.80M, stocks $3.95M. Stocks win.
Year 30 (loan paid off): property $1.80M, stocks $4.58M. Stocks win.
Year 30 (loan paid off): property $1.82M, stocks $4.03M. Stocks win.
Year 30 (loan paid off): property $1.82M, stocks $4.66M. Stocks win.
Year 30 (loan paid off): property $1.80M, stocks $3.95M. Stocks win.
Year 30 (loan paid off): property $1.80M, stocks $4.59M. Stocks win.
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 / 2 bath estimate $1,600/mo · range $1,150–$2,025
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 7349 York Ave N, Brooklyn Park 55443 off market | $2,390 | 3 / 2 | 1.8 mi | 83% |
| 708 66th Ave N, Brooklyn Center 55430 | $1,975 | 3 / 1.5 | 1.8 mi | 79% |
| 1301 67th Ave N, Brooklyn Center 55430 off market | $1,000 | 2 / 1 | 1.6 mi | 77% |
| 1307 67th Ave N, Brooklyn Center 55430 off market | $1,000 | 2 / 1 | 1.6 mi | 77% |
| 1306 67th Ave N, Apt 305, Brooklyn Center 55430 off market | $1,000 | 2 / 1 | 1.6 mi | 77% |
| 1121 67th Ave N, Brooklyn Center 55430 off market | $1,000 | 2 / 1 | 1.7 mi | 77% |
| 5910 W Broadway Ave, Apt 5, Minneapolis 55428 off market | $1,045 | 2 / 1 | 2.2 mi | 76% |
| 5910 W Broadway Ave, Apt 10, Minneapolis 55428 off market | $1,095 | 2 / 1 | 2.2 mi | 76% |
| 7218 Camden Ave N, Apt 129, Brooklyn Center 55430 off market | $1,275 | 2 / 1 | 2.3 mi | 76% |
| 7206 Camden Ave N, Apt 113, Brooklyn Center 55430 off market | $1,225 | 2 / 1 | 2.3 mi | 76% |
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
- highPrice is far above what rents support; cash flow is deeply negative at ask Based on: data: underwriting.cash_flow_monthly · 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 6043 BROOKLYN BLVD
- mediumAsking is $510,507 above the price where cash flow breaks even ($288,493) at the default scenario. Based on: Derived: price $799,000 vs. break-even $288,493
- mediumSold as a developer package with no rents or occupancy stated; the buildings may be vacant with no rental history Listing says: $799,000 per Triplex · AI review
- mediumTaxes on a new parcel are unknown and will likely be reassessed at full new-build value Based on: data: county.tax · AI review
- lowPer-unit layout isn't described; the 9 bed / 6 bath total is from public data, not a unit breakdown Based on: data: listing.beds · AI review
Opportunities
- Five entitled lots with approvals, plans and infrastructure in place could suit a builder or a bulk buyer Listing says: 5 development lots approved for 15 additional units · AI review
- New build should mean low repair and reserve costs for the first years Based on: photo 4 · AI review
- In-unit laundry and off-street parking support tenant demand Listing says: Off-Street Paved Parking serving the completed buildings and future development · AI review
Questions for the agent
- Are the triplexes occupied? Ask for the rent roll, leases and any rent history.
- What are the actual property taxes on each new parcel, and any special assessments?
- What is the unit layout (beds and baths per unit), and is each unit separately metered for gas and electric?
- Are rental licenses and certificates of occupancy issued for all three units in each building?
- Are warranties, such as structural or builder warranties, transferable?
- Will the seller negotiate on the per-triplex price, and why is it $799K when the rents imply far less?
Bottom line
Nice new construction, but at $799K the rents cover a fraction of the cost, so it only makes sense as a land or developer deal. 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. | $18,475 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $3,671 |
| 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. 9 bedrooms: +1 pt repairs for wear | 9% / 8% |
Price history Realtor.com
On the market since 2026-09-24 (11 days).
| Date | Event | Price |
|---|---|---|
| Listed | $799,000 |
From the listing Listing
| Listed as | triplex |
| Property tax, 2026 | $18,475 |
| County | Hennepin |
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 Brooklyn Center on rental licensing before you buy.
Nearest highway
MN 100, about 1431 m away.