659 Conway St

Watch for

• highUnusual ownership (land trust, ground lease or co-op): resale price limits or lease terms can cap your upside. Listing says: "to downtown St Paul, public transportation, Mississippi Market Co-Op , and the restaurants, shopping, and entertainment along"
• medium$1,214 in special assessments on the payable 2026 tax bill (often street, sewer or code-enforcement charges). Ask what they're for, whether they continue, and whether the seller pays them off at closing. Public record: Ramsey County parcel 322922410021: special assessments (payable 2026) = $1,213.88
• mediumAbout 106 m from I 94;US 10: traffic noise usually costs $50–100/month in rent. Based on: OpenStreetMap: nearest motorway (I 94;US 10) at 106 m
• mediumAsking is $135,595 above the price where cash flow breaks even ($209,405) at the default scenario. Based on: Derived: price $345,000 vs. break-even $209,405
• mediumProjected utility bill-backs (RUBS) are not income yet, and in St. Paul they may count toward the 3% cap. Listing says: "are currently partially owner-paid, with ownership implementing a RUBS utility reimbursement program across the portfolio beginning Q3"
• mediumOwner pays part of utilities but the listing doesn't say which ones or the cost. That cuts directly into NOI. Listing says: Utilities are currently partially owner-paid · AI review
• mediumHeat appears to be radiator/boiler, likely shared. The county lists 'central', so the actual system is unclear. Based on: data: county.heat_type · AI review
• mediumRental license is only pending, so confirm it is in good standing for two units before closing. Based on: data: city.rental_license · AI review
• lowPorch deck paint is worn and the exterior is dated on an 1880 building. Expect ongoing exterior upkeep. Based on: photo 3 · AI review

Opportunities

• The seller bought for $11,000 in Dec 1995, so they can take a lower offer and still come out well ahead. Public record: Ramsey County parcel 322922410021: last sale 1995-12-01, $11,000
• Long time on market: room to negotiate. Based on: Listing data: 142 days on market
• Large detached garage off the alley could bring in parking or storage income. Listing says: large detached garage accessed from the alley · AI review
• Units are vacant-looking and unfurnished, so a light refresh could support rents near our mid estimate, subject to the 3% cap on sitting tenants. Based on: photo 7 · AI review
• 142 days on market and a seller who paid $11K in 1995 leave real room to negotiate. Based on: data: listing.days_on_market · AI review

Questions for the agent

• What are the current rents, lease end dates and deposits for each unit?
• Which utilities does the owner pay, and what were the last 12 months of bills?
• What is the heating system: one boiler or separate systems? How old is it?
• What are the $1,214 in special assessments for, and are they paid at closing?
• What are the ages of the roof, electrical panels and water heaters?
• Why has it sat 142 days, and is the portfolio seller open to a price cut?

Bottom line

Charming but dated 1880 duplex priced about $135K above where the numbers work, so only worth pursuing at a deep discount. AI-assisted summary

Where each number comes from

Price history Realtor.com

On the market since 2026-05-16 (142 days); down $102,450 (22.9%) from the first ask of $447,450.

County record Public record

Source: Ramsey County parcel records.

City rental certificate (CofO)

Residential 2 Units: 2 unit(s), B, status pending, renews 2026-10-11.

Nearest highway

I 94;US 10, about 106 m away.

Crime in Dayton's Bluff

970 incidents in the last 12 months (52 per 1,000 residents), −6% vs. the year before. St. Paul police incidents, excluding proactive visits and community events.