681 Old Hwy
Duplex · 2 units: 2 bed / 1 bath ×2 unit split estimated · 1,463 sq ft
New Brighton, MN · View the listing ↗
Photos, via Realtor.com.
- Asking price
- $290,000 2 units · $145K per unit
- Monthly cash flow
- −$503 at 20% down, 7%
- Estimated rent
- $2,450/mo medium confidence
- Break-even price
- $195,551 where cash flow hits $0
First look
This is a 1888 duplex in New Brighton at $290K with no rents stated, no tenant details beyond 'lower unit month to month', and no county record match. Our underwriting at asking shows about -$503/month and a 4.3% cap rate, and the break-even price is roughly $195K, so it doesn't work at this price. The photos show dated but livable interiors, worn painted floors, and a weathered rear stair and deck. Ask for the rent roll, leases, tax bill and utility split before anything else. Only worth a showing if the seller moves a long way on price or the real rents beat our $1,225 per unit estimate.
Things to consider
- Price is far above what the numbers support Break-even is about $195K against a $290K ask, and cash flow is about -$503 a month in our baseline. You'd need a big price drop or much higher rents.
- Rents and expenses are unverified The listing gives no rent figures, so income is a guess against our $1,225 estimate per unit. Get the rent roll and 12 months of expenses.Listing says: “Both units are currently occupied, providing an opportunity to purchase an income producing property”
- Month-to-month lower tenant can leave fast Expect turnover and possibly a vacancy and refresh cost soon after closing.Listing says: “The lower unit is currently month to month”
- Old building with deferred maintenance signs An 1888 structure with weathered exterior stairs needs a full inspection and a repair reserve.From photo 2
- Taxes and unit count are not confirmed Taxes can swing cash flow a lot, and the missing parcel match means the legal unit count and rental license need checking.
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
- −$859/mo
- Cash-on-cash
- −27.3%
- Cap rate
- 4.3%
- DSCR
- 0.55×
Break-even
- Price that breaks even
- $158,896
- Rent that breaks even
- $3,565/mo
Long run
- Year 30: property vs stocks
- $690K vs $793K
- Cash flow turns positive
- year 22
The deal
- Price
- $290,000
- Cash to close
- $37,700
- Price per unit
- $145,000
- GRM
- 9.9
Each month
- Cash flow
- −$1,066/mo
- Cash-on-cash
- −33.9%
- Cap rate
- 3.4%
- DSCR
- 0.44×
Break-even
- Price that breaks even
- $127,253
- Rent that breaks even
- $4,005/mo
Long run
- Year 30: property vs stocks
- $662K vs $1.09M
- 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
- −$793/mo
- Cash-on-cash
- −26.2%
- Cap rate
- 4.5%
- DSCR
- 0.57×
Break-even
- Price that breaks even
- $158,896
- Rent that breaks even
- $3,480/mo
Long run
- Year 30: property vs stocks
- $677K vs $723K
- Cash flow turns positive
- year 20
The deal
- Price
- $280,000
- Cash to close
- $36,400
- Price per unit
- $140,000
- GRM
- 9.5
Each month
- Cash flow
- −$1,001/mo
- Cash-on-cash
- −33.0%
- Cap rate
- 3.6%
- DSCR
- 0.45×
Break-even
- Price that breaks even
- $127,253
- Rent that breaks even
- $3,910/mo
Long run
- Year 30: property vs stocks
- $639K vs $1.01M
- 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
- −$503/mo
- Cash-on-cash
- −9.0%
- Cap rate
- 4.3%
- DSCR
- 0.67×
Break-even
- Price that breaks even
- $195,551
- Rent that breaks even
- $3,103/mo
Long run
- Year 30: property vs stocks
- $729K vs $784K
- Cash flow turns positive
- year 17
The deal
- Price
- $290,000
- Cash to close
- $66,700
- Price per unit
- $145,000
- GRM
- 9.9
Each month
- Cash flow
- −$710/mo
- Cash-on-cash
- −12.8%
- Cap rate
- 3.4%
- DSCR
- 0.54×
Break-even
- Price that breaks even
- $156,609
- Rent that breaks even
- $3,486/mo
Long run
- Year 30: property vs stocks
- $665K vs $1.04M
- Cash flow turns positive
- year 27
The deal
- Price
- $280,000
- Cash to close
- $64,400
- Price per unit
- $140,000
- GRM
- 9.5
Each month
- Cash flow
- −$449/mo
- Cash-on-cash
- −8.4%
- Cap rate
- 4.5%
- DSCR
- 0.70×
Break-even
- Price that breaks even
- $195,551
- Rent that breaks even
- $3,034/mo
Long run
- Year 30: property vs stocks
- $722K vs $722K
- Cash flow turns positive
- year 16
The deal
- Price
- $280,000
- Cash to close
- $64,400
- Price per unit
- $140,000
- GRM
- 9.5
Each month
- Cash flow
- −$657/mo
- Cash-on-cash
- −12.2%
- Cap rate
- 3.6%
- DSCR
- 0.56×
Break-even
- Price that breaks even
- $156,609
- Rent that breaks even
- $3,408/mo
Long run
- Year 30: property vs stocks
- $645K vs $967K
- Cash flow turns positive
- year 26
The deal
- Price
- $290,000
- Cash to close
- $81,200
- Price per unit
- $145,000
- GRM
- 9.9
Each month
- Cash flow
- −$406/mo
- Cash-on-cash
- −6.0%
- Cap rate
- 4.3%
- DSCR
- 0.72×
Break-even
- Price that breaks even
- $208,588
- Rent that breaks even
- $2,978/mo
Long run
- Year 30: property vs stocks
- $759K vs $815K
- Cash flow turns positive
- year 14
The deal
- Price
- $290,000
- Cash to close
- $81,200
- Price per unit
- $145,000
- GRM
- 9.9
Each month
- Cash flow
- −$613/mo
- Cash-on-cash
- −9.1%
- Cap rate
- 3.4%
- DSCR
- 0.58×
Break-even
- Price that breaks even
- $167,049
- Rent that breaks even
- $3,345/mo
Long run
- Year 30: property vs stocks
- $672K vs $1.05M
- Cash flow turns positive
- year 24
The deal
- Price
- $280,000
- Cash to close
- $78,400
- Price per unit
- $140,000
- GRM
- 9.5
Each month
- Cash flow
- −$356/mo
- Cash-on-cash
- −5.5%
- Cap rate
- 4.5%
- DSCR
- 0.74×
Break-even
- Price that breaks even
- $208,588
- Rent that breaks even
- $2,913/mo
Long run
- Year 30: property vs stocks
- $755K vs $756K
- Cash flow turns positive
- year 13
The deal
- Price
- $280,000
- Cash to close
- $78,400
- Price per unit
- $140,000
- GRM
- 9.5
Each month
- Cash flow
- −$564/mo
- Cash-on-cash
- −8.6%
- Cap rate
- 3.6%
- DSCR
- 0.60×
Break-even
- Price that breaks even
- $167,049
- Rent that breaks even
- $3,272/mo
Long run
- Year 30: property vs stocks
- $655K vs $977K
- Cash flow turns positive
- year 23
Monthly
Monthly breakdown
| Rent | $2,450 |
| Vacancy (6%) | −$147 |
| Collected | $2,303 |
| Property tax Listing | −$417 |
| Insurance Estimate | −$199 |
| 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 | $1,041 |
| Mortgage (principal + interest) | −$1,736 |
| PMI | −$163 |
| Cash flow | −$859 |
| Principal paid down (equity, not cash) | $221 |
| Rent | $2,450 |
| Vacancy (6%) | −$147 |
| Collected | $2,303 |
| Property tax Listing | −$417 |
| Insurance Estimate | −$199 |
| 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 | $834 |
| Mortgage (principal + interest) | −$1,736 |
| PMI | −$163 |
| Cash flow | −$1,066 |
| Principal paid down (equity, not cash) | $221 |
| Rent | $2,450 |
| Vacancy (6%) | −$147 |
| Collected | $2,303 |
| Property tax Listing | −$417 |
| Insurance Estimate | −$199 |
| 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 | $1,041 |
| Mortgage (principal + interest) | −$1,677 |
| PMI | −$158 |
| Cash flow | −$793 |
| Principal paid down (equity, not cash) | $213 |
| Rent | $2,450 |
| Vacancy (6%) | −$147 |
| Collected | $2,303 |
| Property tax Listing | −$417 |
| Insurance Estimate | −$199 |
| 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 | $834 |
| Mortgage (principal + interest) | −$1,677 |
| PMI | −$158 |
| Cash flow | −$1,001 |
| Principal paid down (equity, not cash) | $213 |
| Rent | $2,450 |
| Vacancy (6%) | −$147 |
| Collected | $2,303 |
| Property tax Listing | −$417 |
| Insurance Estimate | −$199 |
| 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 | $1,041 |
| Mortgage (principal + interest) | −$1,544 |
| Cash flow | −$503 |
| Principal paid down (equity, not cash) | $196 |
| Rent | $2,450 |
| Vacancy (6%) | −$147 |
| Collected | $2,303 |
| Property tax Listing | −$417 |
| Insurance Estimate | −$199 |
| 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 | $834 |
| Mortgage (principal + interest) | −$1,544 |
| Cash flow | −$710 |
| Principal paid down (equity, not cash) | $196 |
| Rent | $2,450 |
| Vacancy (6%) | −$147 |
| Collected | $2,303 |
| Property tax Listing | −$417 |
| Insurance Estimate | −$199 |
| 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 | $1,041 |
| Mortgage (principal + interest) | −$1,490 |
| Cash flow | −$449 |
| Principal paid down (equity, not cash) | $190 |
| Rent | $2,450 |
| Vacancy (6%) | −$147 |
| Collected | $2,303 |
| Property tax Listing | −$417 |
| Insurance Estimate | −$199 |
| 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 | $834 |
| Mortgage (principal + interest) | −$1,490 |
| Cash flow | −$657 |
| Principal paid down (equity, not cash) | $190 |
| Rent | $2,450 |
| Vacancy (6%) | −$147 |
| Collected | $2,303 |
| Property tax Listing | −$417 |
| Insurance Estimate | −$199 |
| 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 | $1,041 |
| Mortgage (principal + interest) | −$1,447 |
| Cash flow | −$406 |
| Principal paid down (equity, not cash) | $184 |
| Rent | $2,450 |
| Vacancy (6%) | −$147 |
| Collected | $2,303 |
| Property tax Listing | −$417 |
| Insurance Estimate | −$199 |
| 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 | $834 |
| Mortgage (principal + interest) | −$1,447 |
| Cash flow | −$613 |
| Principal paid down (equity, not cash) | $184 |
| Rent | $2,450 |
| Vacancy (6%) | −$147 |
| Collected | $2,303 |
| Property tax Listing | −$417 |
| Insurance Estimate | −$199 |
| 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 | $1,041 |
| Mortgage (principal + interest) | −$1,397 |
| Cash flow | −$356 |
| Principal paid down (equity, not cash) | $178 |
| Rent | $2,450 |
| Vacancy (6%) | −$147 |
| Collected | $2,303 |
| Property tax Listing | −$417 |
| Insurance Estimate | −$199 |
| 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 | $834 |
| Mortgage (principal + interest) | −$1,397 |
| Cash flow | −$564 |
| 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%
- $28,319
Sells for $703,906 (value up 3% a year), minus 6% selling cost ($42,234). Rent paid down $261,000 of loan.
$23,599 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $286,982
- Monthly shortfalls, invested
- $506,004
$37,700 put into an index fund instead of the down payment and closing costs.
$103,419 you'd have paid in while the building lost money, invested instead.
Stocks come out $102,996 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
- $800,093
$37,700 put into an index fund instead of the down payment and closing costs.
$198,151 you'd have paid in while the building lost money, invested instead.
Stocks come out $425,403 ahead after 30 years.
- Your equity when you sell
- $638,855
- Rental profits, invested at 7%
- $38,114
Sells for $679,633 (value up 3% a year), minus 6% selling cost ($40,778). Rent paid down $252,000 of loan.
$30,708 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $277,086
- Monthly shortfalls, invested
- $446,186
$36,400 put into an index fund instead of the down payment and closing costs.
$88,702 you'd have paid in while the building lost money, invested instead.
Stocks come out $46,303 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
- $730,480
$36,400 put into an index fund instead of the down payment and closing costs.
$176,325 you'd have paid in while the building lost money, invested instead.
Stocks come out $368,711 ahead after 30 years.
- Your equity when you sell
- $661,672
- Rental profits, invested at 7%
- $67,811
Sells for $703,906 (value up 3% a year), minus 6% selling cost ($42,234). Rent paid down $232,000 of loan.
$50,330 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $507,737
- Monthly shortfalls, invested
- $276,323
$66,700 put into an index fund instead of the down payment and closing costs.
$52,862 you'd have paid in while the building lost money, invested instead.
Stocks come out $54,578 ahead after 30 years.
- Your equity when you sell
- $661,672
- Rental profits, invested at 7%
- $3,269
Sells for $703,906 (value up 3% a year), minus 6% selling cost ($42,234). Rent paid down $232,000 of loan.
$3,095 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $507,737
- Monthly shortfalls, invested
- $534,189
$66,700 put into an index fund instead of the down payment and closing costs.
$123,958 you'd have paid in while the building lost money, invested instead.
Stocks come out $376,986 ahead after 30 years.
- Your equity when you sell
- $638,855
- Rental profits, invested at 7%
- $83,204
Sells for $679,633 (value up 3% a year), minus 6% selling cost ($40,778). Rent paid down $224,000 of loan.
$59,655 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $490,229
- Monthly shortfalls, invested
- $231,385
$64,400 put into an index fund instead of the down payment and closing costs.
$43,027 you'd have paid in while the building lost money, invested instead.
The building comes out $446 ahead after 30 years.
- Your equity when you sell
- $638,855
- Rental profits, invested at 7%
- $6,530
Sells for $679,633 (value up 3% a year), minus 6% selling cost ($40,778). Rent paid down $224,000 of loan.
$5,974 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $490,229
- Monthly shortfalls, invested
- $477,119
$64,400 put into an index fund instead of the down payment and closing costs.
$107,677 you'd have paid in while the building lost money, invested instead.
Stocks come out $321,962 ahead after 30 years.
- Your equity when you sell
- $661,672
- Rental profits, invested at 7%
- $97,513
Sells for $703,906 (value up 3% a year), minus 6% selling cost ($42,234). Rent paid down $217,500 of loan.
$67,899 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $618,115
- Monthly shortfalls, invested
- $196,675
$81,200 put into an index fund instead of the down payment and closing costs.
$35,702 you'd have paid in while the building lost money, invested instead.
Stocks come out $55,605 ahead after 30 years.
- Your equity when you sell
- $661,672
- Rental profits, invested at 7%
- $10,137
Sells for $703,906 (value up 3% a year), minus 6% selling cost ($42,234). Rent paid down $217,500 of loan.
$9,012 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $618,115
- Monthly shortfalls, invested
- $431,707
$81,200 put into an index fund instead of the down payment and closing costs.
$95,146 you'd have paid in while the building lost money, invested instead.
Stocks come out $378,013 ahead after 30 years.
- Your equity when you sell
- $638,855
- Rental profits, invested at 7%
- $116,535
Sells for $679,633 (value up 3% a year), minus 6% selling cost ($40,778). Rent paid down $210,000 of loan.
$78,254 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $596,801
- Monthly shortfalls, invested
- $159,137
$78,400 put into an index fund instead of the down payment and closing costs.
$28,094 you'd have paid in while the building lost money, invested instead.
Stocks come out $546 ahead after 30 years.
- Your equity when you sell
- $638,855
- Rental profits, invested at 7%
- $15,662
Sells for $679,633 (value up 3% a year), minus 6% selling cost ($40,778). Rent paid down $210,000 of loan.
$13,417 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $596,801
- Monthly shortfalls, invested
- $380,672
$78,400 put into an index fund instead of the down payment and closing costs.
$81,589 you'd have paid in while the building lost money, invested instead.
Stocks come out $322,954 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 $690K, stocks $793K. Stocks win.
Year 30 (loan paid off): property $662K, stocks $1.09M. Stocks win.
Year 30 (loan paid off): property $677K, stocks $723K. Stocks win.
Year 30 (loan paid off): property $639K, stocks $1.01M. Stocks win.
Year 30 (loan paid off): property $729K, stocks $784K. Stocks win.
Year 30 (loan paid off): property $665K, stocks $1.04M. Stocks win.
Year 30 (loan paid off): property $722K, stocks $722K. The property wins.
Year 30 (loan paid off): property $645K, stocks $967K. Stocks win.
Year 30 (loan paid off): property $759K, stocks $815K. Stocks win.
Year 30 (loan paid off): property $672K, stocks $1.05M. Stocks win.
Year 30 (loan paid off): property $755K, stocks $756K. Stocks win.
Year 30 (loan paid off): property $655K, stocks $977K. 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, lease terms or expenses given; income is unverified Listing says: providing an opportunity to purchase an income producing property with existing tenants and rental income in place · 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 681 OLD HWY
- mediumAsking is $94,449 above the price where cash flow breaks even ($195,551) at the default scenario. Based on: Derived: price $290,000 vs. break-even $195,551
- mediumRear stairs and deck look weathered and may need rebuilding; also a safety and egress issue Based on: photo 2 · AI review
- mediumProperty could not be matched to county records, so taxes, unit count and assessments are unverified Based on: data: county.tax · AI review
- medium1888 building with unknown wiring, plumbing and foundation condition Based on: data: listing.year_built · AI review
- lowMonth-to-month tenants can leave quickly. Count on turnover soon after closing. Listing says: "income in place. The lower unit is currently month to month , providing flexibility for a future owner occupant"
Opportunities
- Lower unit is month to month, so a buyer can reset the lease or rent at market Listing says: The lower unit is currently month to month, providing flexibility for a future owner occupant · AI review
- No rent cap in New Brighton, so rents can follow the market after updates Based on: data: underwriting.rent_rule · AI review
- Upper unit has hardwood floors that look in better shape than the lower unit's painted floors Based on: photo 9 · AI review
Questions for the agent
- What are the current rents, lease end dates and security deposits for each unit?
- Which utilities does the owner pay, and are there separate meters and heat for each unit?
- What is the current tax bill, and does the city have a rental license for two units?
- How old are the roof, furnace or boiler, water heaters and electrical panels?
- What is the condition of the rear stairs and deck, and has anything been repaired or cited?
- Why is the owner selling, and is there any room on price after 25 days on market?
Bottom line
Rents are unknown and the numbers lose about $500 a month at asking, so this only works at a much 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. | $5,006 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $2,382 |
| 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 1888: +1 pt capital reserve | 8% / 9% |
Price history Realtor.com
On the market since 2026-03-23 (196 days); down $19,000 (6.1%) from the first ask of $309,000; last sold for $174,100 on 2014-11-21; listed for rent at $925/mo on 2015-04-23.
| Date | Event | Price |
|---|---|---|
| Listed | $290,000 | |
| Removed | $299,000 | |
| Price changed | $299,000 | |
| Listed | $309,000 | |
| Rental removed | $925/mo | |
| Rent changed | $925/mo | |
| Listed for rent | $950/mo | |
| Sold public record | $174,100 | |
| Removed | $179,900 | |
| Price changed | $179,900 | |
| Listed | $189,900 | |
| Removed | $189,900 | |
| Price changed | $189,900 | |
| Price changed | $199,900 | |
| Price changed | $209,900 | |
| Listed | $219,900 | |
| Sold public record | $131,500 | |
| Sold public record | $56,000 |
From the listing Listing
| Listed as | duplex up and down |
| Property tax, 2026 | $5,006 |
| County | Ramsey |
| Parcel number | 293023140144 |
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 448 m away.