675 Old Hwy
Duplex · 2 units: 2 bed / 1 bath ×2 unit split estimated · 1,746 sq ft
New Brighton, MN · View the listing ↗
Photos, via Realtor.com.
- Asking price
- $290,000 2 units · $145K per unit
- Monthly cash flow
- −$556 at 20% down, 7%
- Estimated rent
- $2,450/mo medium confidence
- Break-even price
- $185,627 where cash flow hits $0
First look
This is a 1882 duplex at $290K that our numbers say doesn't work as an investment. At 20% down and asking price, cash flow is about -$556 a month, the cap rate is 4.1%, and break-even is near $185.6K. The listing gives no rents, no tax figure, no heat type and no utility split, so you can't verify income at all. The photos show a small, worn upstairs-type unit with window AC units, vinyl plank and a cramped second kitchen that looks much older. Get the rent roll, leases and tax bill first. Only consider a showing if the seller drops well toward break-even or you plan to live in one unit.
Things to consider
- Price is far above what the rents support Cash flow is about -$556 a month at ask, and break-even is roughly $104K lower. Offer terms need to reflect this.
- Income is unverified The description claims rental history but gives no rents. Our estimate is about $1,225 per 2-bed unit, so confirm actual rents against it.
- Taxes and unit legality are unconfirmed There's no county parcel match, so taxes and licensing are unknown. Non-homestead taxes could be higher than the listing suggests.
- Old building, dated second unit An 1882 build with a worn second kitchen and bath means budget for updates and possible system replacements before raising rents.From photo 10
- Month-to-month tenant adds turnover risk The tenant can leave quickly, but you can also reset terms or rent at market.Listing says: “one unit on a month-to-month lease”
From the photos
Based on 10 of the listing photos. Photos can hide as much as they show; an inspection is the real answer.
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
- $290,000
- Cash to close
- $37,700
- Price per unit
- $145,000
- GRM
- 9.9
Each month
- Cash flow
- −$912/mo
- Cash-on-cash
- −29.0%
- Cap rate
- 4.1%
- DSCR
- 0.52×
Break-even
- Price that breaks even
- $150,833
- Rent that breaks even
- $3,634/mo
Long run
- Year 30: property vs stocks
- $675K vs $865K
- Cash flow turns positive
- year 24
The deal
- Price
- $290,000
- Cash to close
- $37,700
- Price per unit
- $145,000
- GRM
- 9.9
Each month
- Cash flow
- −$1,119/mo
- Cash-on-cash
- −35.6%
- Cap rate
- 3.2%
- DSCR
- 0.41×
Break-even
- Price that breaks even
- $119,189
- Rent that breaks even
- $4,082/mo
Long run
- Year 30: property vs stocks
- $662K vs $1.17M
- Cash flow turns positive
- not within 30 years
The deal
- Price
- $280,000
- Cash to close
- $36,400
- Price per unit
- $140,000
- GRM
- 9.5
Each month
- Cash flow
- −$846/mo
- Cash-on-cash
- −27.9%
- Cap rate
- 4.2%
- DSCR
- 0.54×
Break-even
- Price that breaks even
- $150,833
- Rent that breaks even
- $3,549/mo
Long run
- Year 30: property vs stocks
- $658K vs $792K
- Cash flow turns positive
- year 23
The deal
- Price
- $280,000
- Cash to close
- $36,400
- Price per unit
- $140,000
- GRM
- 9.5
Each month
- Cash flow
- −$1,053/mo
- Cash-on-cash
- −34.7%
- Cap rate
- 3.3%
- DSCR
- 0.43×
Break-even
- Price that breaks even
- $119,189
- Rent that breaks even
- $3,987/mo
Long run
- Year 30: property vs stocks
- $639K vs $1.09M
- Cash flow turns positive
- not within 30 years
The deal
- Price
- $290,000
- Cash to close
- $66,700
- Price per unit
- $145,000
- GRM
- 9.9
Each month
- Cash flow
- −$556/mo
- Cash-on-cash
- −10.0%
- Cap rate
- 4.1%
- DSCR
- 0.64×
Break-even
- Price that breaks even
- $185,627
- Rent that breaks even
- $3,171/mo
Long run
- Year 30: property vs stocks
- $703K vs $844K
- Cash flow turns positive
- year 20
The deal
- Price
- $290,000
- Cash to close
- $66,700
- Price per unit
- $145,000
- GRM
- 9.9
Each month
- Cash flow
- −$763/mo
- Cash-on-cash
- −13.7%
- Cap rate
- 3.2%
- DSCR
- 0.51×
Break-even
- Price that breaks even
- $146,685
- Rent that breaks even
- $3,563/mo
Long run
- Year 30: property vs stocks
- $662K vs $1.13M
- Cash flow turns positive
- not within 30 years
The deal
- Price
- $280,000
- Cash to close
- $64,400
- Price per unit
- $140,000
- GRM
- 9.5
Each month
- Cash flow
- −$502/mo
- Cash-on-cash
- −9.4%
- Cap rate
- 4.2%
- DSCR
- 0.66×
Break-even
- Price that breaks even
- $185,627
- Rent that breaks even
- $3,102/mo
Long run
- Year 30: property vs stocks
- $692K vs $778K
- Cash flow turns positive
- year 18
The deal
- Price
- $280,000
- Cash to close
- $64,400
- Price per unit
- $140,000
- GRM
- 9.5
Each month
- Cash flow
- −$710/mo
- Cash-on-cash
- −13.2%
- Cap rate
- 3.3%
- DSCR
- 0.52×
Break-even
- Price that breaks even
- $146,685
- Rent that breaks even
- $3,485/mo
Long run
- Year 30: property vs stocks
- $639K vs $1.05M
- Cash flow turns positive
- year 30
The deal
- Price
- $290,000
- Cash to close
- $81,200
- Price per unit
- $145,000
- GRM
- 9.9
Each month
- Cash flow
- −$459/mo
- Cash-on-cash
- −6.8%
- Cap rate
- 4.1%
- DSCR
- 0.68×
Break-even
- Price that breaks even
- $198,003
- Rent that breaks even
- $3,046/mo
Long run
- Year 30: property vs stocks
- $725K vs $868K
- Cash flow turns positive
- year 17
The deal
- Price
- $290,000
- Cash to close
- $81,200
- Price per unit
- $145,000
- GRM
- 9.9
Each month
- Cash flow
- −$666/mo
- Cash-on-cash
- −9.8%
- Cap rate
- 3.2%
- DSCR
- 0.54×
Break-even
- Price that breaks even
- $156,464
- Rent that breaks even
- $3,422/mo
Long run
- Year 30: property vs stocks
- $663K vs $1.13M
- Cash flow turns positive
- year 28
The deal
- Price
- $280,000
- Cash to close
- $78,400
- Price per unit
- $140,000
- GRM
- 9.5
Each month
- Cash flow
- −$409/mo
- Cash-on-cash
- −6.3%
- Cap rate
- 4.2%
- DSCR
- 0.71×
Break-even
- Price that breaks even
- $198,003
- Rent that breaks even
- $2,981/mo
Long run
- Year 30: property vs stocks
- $717K vs $805K
- Cash flow turns positive
- year 15
The deal
- Price
- $280,000
- Cash to close
- $78,400
- Price per unit
- $140,000
- GRM
- 9.5
Each month
- Cash flow
- −$616/mo
- Cash-on-cash
- −9.4%
- Cap rate
- 3.3%
- DSCR
- 0.56×
Break-even
- Price that breaks even
- $156,464
- Rent that breaks even
- $3,349/mo
Long run
- Year 30: property vs stocks
- $643K vs $1.05M
- Cash flow turns positive
- year 27
Monthly
Monthly breakdown
| Rent | $2,450 |
| Vacancy (6%) | −$147 |
| Collected | $2,303 |
| Property tax Listing | −$464 |
| Insurance Estimate | −$205 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$196 |
| Capital reserve (9% of rent) | −$220 |
| Net operating income | $988 |
| Mortgage (principal + interest) | −$1,736 |
| PMI | −$163 |
| Cash flow | −$912 |
| Principal paid down (equity, not cash) | $221 |
| Rent | $2,450 |
| Vacancy (6%) | −$147 |
| Collected | $2,303 |
| Property tax Listing | −$464 |
| Insurance Estimate | −$205 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$196 |
| Capital reserve (9% of rent) | −$220 |
| Property management | −$207 |
| Net operating income | $781 |
| Mortgage (principal + interest) | −$1,736 |
| PMI | −$163 |
| Cash flow | −$1,119 |
| Principal paid down (equity, not cash) | $221 |
| Rent | $2,450 |
| Vacancy (6%) | −$147 |
| Collected | $2,303 |
| Property tax Listing | −$464 |
| Insurance Estimate | −$205 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$196 |
| Capital reserve (9% of rent) | −$220 |
| Net operating income | $988 |
| Mortgage (principal + interest) | −$1,677 |
| PMI | −$158 |
| Cash flow | −$846 |
| Principal paid down (equity, not cash) | $213 |
| Rent | $2,450 |
| Vacancy (6%) | −$147 |
| Collected | $2,303 |
| Property tax Listing | −$464 |
| Insurance Estimate | −$205 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$196 |
| Capital reserve (9% of rent) | −$220 |
| Property management | −$207 |
| Net operating income | $781 |
| Mortgage (principal + interest) | −$1,677 |
| PMI | −$158 |
| Cash flow | −$1,053 |
| Principal paid down (equity, not cash) | $213 |
| Rent | $2,450 |
| Vacancy (6%) | −$147 |
| Collected | $2,303 |
| Property tax Listing | −$464 |
| Insurance Estimate | −$205 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$196 |
| Capital reserve (9% of rent) | −$220 |
| Net operating income | $988 |
| Mortgage (principal + interest) | −$1,544 |
| Cash flow | −$556 |
| Principal paid down (equity, not cash) | $196 |
| Rent | $2,450 |
| Vacancy (6%) | −$147 |
| Collected | $2,303 |
| Property tax Listing | −$464 |
| Insurance Estimate | −$205 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$196 |
| Capital reserve (9% of rent) | −$220 |
| Property management | −$207 |
| Net operating income | $781 |
| Mortgage (principal + interest) | −$1,544 |
| Cash flow | −$763 |
| Principal paid down (equity, not cash) | $196 |
| Rent | $2,450 |
| Vacancy (6%) | −$147 |
| Collected | $2,303 |
| Property tax Listing | −$464 |
| Insurance Estimate | −$205 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$196 |
| Capital reserve (9% of rent) | −$220 |
| Net operating income | $988 |
| Mortgage (principal + interest) | −$1,490 |
| Cash flow | −$502 |
| Principal paid down (equity, not cash) | $190 |
| Rent | $2,450 |
| Vacancy (6%) | −$147 |
| Collected | $2,303 |
| Property tax Listing | −$464 |
| Insurance Estimate | −$205 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$196 |
| Capital reserve (9% of rent) | −$220 |
| Property management | −$207 |
| Net operating income | $781 |
| Mortgage (principal + interest) | −$1,490 |
| Cash flow | −$710 |
| Principal paid down (equity, not cash) | $190 |
| Rent | $2,450 |
| Vacancy (6%) | −$147 |
| Collected | $2,303 |
| Property tax Listing | −$464 |
| Insurance Estimate | −$205 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$196 |
| Capital reserve (9% of rent) | −$220 |
| Net operating income | $988 |
| Mortgage (principal + interest) | −$1,447 |
| Cash flow | −$459 |
| Principal paid down (equity, not cash) | $184 |
| Rent | $2,450 |
| Vacancy (6%) | −$147 |
| Collected | $2,303 |
| Property tax Listing | −$464 |
| Insurance Estimate | −$205 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$196 |
| Capital reserve (9% of rent) | −$220 |
| Property management | −$207 |
| Net operating income | $781 |
| Mortgage (principal + interest) | −$1,447 |
| Cash flow | −$666 |
| Principal paid down (equity, not cash) | $184 |
| Rent | $2,450 |
| Vacancy (6%) | −$147 |
| Collected | $2,303 |
| Property tax Listing | −$464 |
| Insurance Estimate | −$205 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$196 |
| Capital reserve (9% of rent) | −$220 |
| Net operating income | $988 |
| Mortgage (principal + interest) | −$1,397 |
| Cash flow | −$409 |
| Principal paid down (equity, not cash) | $178 |
| Rent | $2,450 |
| Vacancy (6%) | −$147 |
| Collected | $2,303 |
| Property tax Listing | −$464 |
| Insurance Estimate | −$205 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$196 |
| Capital reserve (9% of rent) | −$220 |
| Property management | −$207 |
| Net operating income | $781 |
| Mortgage (principal + interest) | −$1,397 |
| Cash flow | −$616 |
| Principal paid down (equity, not cash) | $178 |
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
- $661,672
- Rental profits, invested at 7%
- $12,890
Sells for $703,906 (value up 3% a year), minus 6% selling cost ($42,234). Rent paid down $261,000 of loan.
$11,437 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $286,982
- Monthly shortfalls, invested
- $577,599
$37,700 put into an index fund instead of the down payment and closing costs.
$123,976 you'd have paid in while the building lost money, invested instead.
Stocks come out $190,019 ahead after 30 years.
- Your equity when you sell
- $661,672
- Rental profits, invested at 7%
- $0
Sells for $703,906 (value up 3% a year), minus 6% selling cost ($42,234). Rent paid down $261,000 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $286,982
- Monthly shortfalls, invested
- $887,117
$37,700 put into an index fund instead of the down payment and closing costs.
$230,871 you'd have paid in while the building lost money, invested instead.
Stocks come out $512,427 ahead after 30 years.
- Your equity when you sell
- $638,855
- Rental profits, invested at 7%
- $19,551
Sells for $679,633 (value up 3% a year), minus 6% selling cost ($40,778). Rent paid down $252,000 of loan.
$16,742 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $277,086
- Monthly shortfalls, invested
- $514,647
$36,400 put into an index fund instead of the down payment and closing costs.
$107,456 you'd have paid in while the building lost money, invested instead.
Stocks come out $133,327 ahead after 30 years.
- Your equity when you sell
- $638,855
- Rental profits, invested at 7%
- $0
Sells for $679,633 (value up 3% a year), minus 6% selling cost ($40,778). Rent paid down $252,000 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $277,086
- Monthly shortfalls, invested
- $817,504
$36,400 put into an index fund instead of the down payment and closing costs.
$209,045 you'd have paid in while the building lost money, invested instead.
Stocks come out $455,735 ahead after 30 years.
- Your equity when you sell
- $661,672
- Rental profits, invested at 7%
- $40,864
Sells for $703,906 (value up 3% a year), minus 6% selling cost ($42,234). Rent paid down $232,000 of loan.
$32,258 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $507,737
- Monthly shortfalls, invested
- $336,400
$66,700 put into an index fund instead of the down payment and closing costs.
$67,510 you'd have paid in while the building lost money, invested instead.
Stocks come out $141,601 ahead after 30 years.
- Your equity when you sell
- $661,672
- Rental profits, invested at 7%
- $0
Sells for $703,906 (value up 3% a year), minus 6% selling cost ($42,234). Rent paid down $232,000 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $507,737
- Monthly shortfalls, invested
- $617,943
$66,700 put into an index fund instead of the down payment and closing costs.
$153,583 you'd have paid in while the building lost money, invested instead.
Stocks come out $464,009 ahead after 30 years.
- Your equity when you sell
- $638,855
- Rental profits, invested at 7%
- $52,681
Sells for $679,633 (value up 3% a year), minus 6% selling cost ($40,778). Rent paid down $224,000 of loan.
$40,096 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $490,229
- Monthly shortfalls, invested
- $287,886
$64,400 put into an index fund instead of the down payment and closing costs.
$56,187 you'd have paid in while the building lost money, invested instead.
Stocks come out $86,578 ahead after 30 years.
- Your equity when you sell
- $638,855
- Rental profits, invested at 7%
- $363
Sells for $679,633 (value up 3% a year), minus 6% selling cost ($40,778). Rent paid down $224,000 of loan.
$363 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $490,229
- Monthly shortfalls, invested
- $557,976
$64,400 put into an index fund instead of the down payment and closing costs.
$134,786 you'd have paid in while the building lost money, invested instead.
Stocks come out $408,986 ahead after 30 years.
- Your equity when you sell
- $661,672
- Rental profits, invested at 7%
- $63,776
Sells for $703,906 (value up 3% a year), minus 6% selling cost ($42,234). Rent paid down $217,500 of loan.
$47,109 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $618,115
- Monthly shortfalls, invested
- $249,961
$81,200 put into an index fund instead of the down payment and closing costs.
$47,632 you'd have paid in while the building lost money, invested instead.
Stocks come out $142,628 ahead after 30 years.
- Your equity when you sell
- $661,672
- Rental profits, invested at 7%
- $1,520
Sells for $703,906 (value up 3% a year), minus 6% selling cost ($42,234). Rent paid down $217,500 of loan.
$1,471 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $618,115
- Monthly shortfalls, invested
- $510,113
$81,200 put into an index fund instead of the down payment and closing costs.
$120,325 you'd have paid in while the building lost money, invested instead.
Stocks come out $465,037 ahead after 30 years.
- Your equity when you sell
- $638,855
- Rental profits, invested at 7%
- $78,477
Sells for $679,633 (value up 3% a year), minus 6% selling cost ($40,778). Rent paid down $210,000 of loan.
$55,955 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $596,801
- Monthly shortfalls, invested
- $208,102
$78,400 put into an index fund instead of the down payment and closing costs.
$38,514 you'd have paid in while the building lost money, invested instead.
Stocks come out $87,570 ahead after 30 years.
- Your equity when you sell
- $638,855
- Rental profits, invested at 7%
- $3,835
Sells for $679,633 (value up 3% a year), minus 6% selling cost ($40,778). Rent paid down $210,000 of loan.
$3,586 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $596,801
- Monthly shortfalls, invested
- $455,868
$78,400 put into an index fund instead of the down payment and closing costs.
$104,477 you'd have paid in while the building lost money, invested instead.
Stocks come out $409,978 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 $675K, stocks $865K. Stocks win.
Year 30 (loan paid off): property $662K, stocks $1.17M. Stocks win.
Year 30 (loan paid off): property $658K, stocks $792K. Stocks win.
Year 30 (loan paid off): property $639K, stocks $1.09M. Stocks win.
Year 30 (loan paid off): property $703K, stocks $844K. Stocks win.
Year 30 (loan paid off): property $662K, stocks $1.13M. Stocks win.
Year 30 (loan paid off): property $692K, stocks $778K. Stocks win.
Year 30 (loan paid off): property $639K, stocks $1.05M. Stocks win.
Year 30 (loan paid off): property $725K, stocks $868K. Stocks win.
Year 30 (loan paid off): property $663K, stocks $1.13M. Stocks win.
Year 30 (loan paid off): property $717K, stocks $805K. Stocks win.
Year 30 (loan paid off): property $643K, stocks $1.05M. 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.
2 bed / 1 bath estimate $1,225/mo · range $1,100–$1,325
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 371 Old Hwy, 8 SW, New Brighton 55112 | $1,425 | 2 / 1 | 0.8 mi | 98% |
| 751 1st Ave NW, New Brighton 55112 | $1,295 | 2 / 1 | 1.1 mi | 98% |
| 1380 7th St NW, New Brighton 55112 | $1,100 | 2 / 1 | 1.5 mi | 97% |
| 3713 Ross Rd, Saint Anthony 55421 off market | $1,135 | 2 / 1 | 1.5 mi | 97% |
| 2370 County Rd E, W, New Brighton 55112 off market | $1,095 | 2 / 1 | 1.7 mi | 97% |
| 2303 3rd St NW, Apt 308, New Brighton 55112 | $1,295 | 2 / 1 | 1.7 mi | 97% |
| 2360 County Rd E, W, New Brighton 55112 off market | $1,100 | 2 / 1 | 1.7 mi | 96% |
| 2303 3rd St NW, Apt 301, New Brighton 55112 off market | $1,295 | 2 / 1 | 1.7 mi | 96% |
| 2360 County Rd, I, New Brighton 55112 off market | $1,100 | 2 / 1 | 1.7 mi | 96% |
| 2303 3rd St NW, Apt 208, New Brighton 55112 off market | $1,325 | 2 / 1 | 1.7 mi | 96% |
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, taxes or utility details given, so income can't be verified Listing says: established rental history · 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 675 OLD HWY
- mediumAsking is $104,373 above the price where cash flow breaks even ($185,627) at the default scenario. Based on: Derived: price $290,000 vs. break-even $185,627
- mediumPre-1900 building with unknown wiring, plumbing and foundation condition Based on: data: listing.year_built · AI review
- mediumSecond kitchen looks dated and heavily worn Based on: photo 10 · AI review
- lowMonth-to-month tenants can leave quickly. Count on turnover soon after closing. Listing says: "are currently occupied, with one unit on a month-to-month lease, providing flexibility for a future owner occupant"
- lowPhotos show window AC units, suggesting no central cooling Based on: photo 7 · AI review
Opportunities
- Owner-occupant angle: live in one unit and rent the other to offset costs Listing says: opportunity to live in one unit while renting the other · AI review
- Month-to-month tenant lets a new owner reset lease terms and rent to market Listing says: providing flexibility for a future owner occupant or an investor looking to establish new lease terms · AI review
- Close to I-35W and shopping gives a steady renter pool Based on: data: highway.distance_m · AI review
Questions for the agent
- What are the current rents for each unit, and when do the leases end?
- Who pays heat, electric, water and trash, and is heat separately metered?
- What are the annual property taxes, and is the unit count licensed as a duplex in New Brighton?
- How old are the roof, furnace or boiler, water heater and electrical panels?
- Which unit is month-to-month, and has the tenant given any notice?
- Why is the owner selling, and have there been any price changes?
Bottom line
At $290K this duplex loses money at normal terms and the listing gives no rents to prove otherwise, so it only works as an owner-occupant buy at a lower price. 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. | $5,562 |
| 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 1882: +1 pt capital reserve | 8% / 9% |
Price history Realtor.com
On the market since 2026-09-10 (25 days); last sold for $158,000 on 2014-11-21.
| Date | Event | Price |
|---|---|---|
| Listed | $290,000 | |
| Sold public record | $158,000 | |
| Removed | $169,900 | |
| Price changed | $169,900 | |
| Listed | $174,900 | |
| Removed | $179,900 | |
| Price changed | $179,900 | |
| Price changed | $189,900 | |
| Price changed | $199,900 | |
| Listed | $214,900 | |
| Sold public record | $80,000 |
From the listing Listing
| Listed as | duplex up and down |
| Property tax, 2026 | $5,562 |
| County | Ramsey |
| Parcel number | 293023140143 |
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 New Brighton on rental licensing before you buy.
Nearest highway
I 35W, about 446 m away.