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Twin Cities suburbs › Columbia Heights

Columbia Heights

Twin Cities suburbs city. Every 2–4 unit listing here, run through the same numbers at 20% down and 7%.

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Neighborhood profile

Listings we track
3
Median price per unit
$250K
Typical cash flow
−$665
median per month, 20% down
Rent rules
No cap
Rents can reset to market at renewal

Crime, rental-license and Census neighborhood figures are only available for St. Paul and Minneapolis so far.

Map

Top picks

Ranked on real rent estimates (nearby comparable rentals or our own research). Listings with a serious red flag are under Proceed with caution instead, however good the numbers look.

None yet with verified rents. Every listing here is ranked on rough rent estimates for now (tagged “rough” below); those are places with too few rentals nearby to compare.

Ways to slice it

Best cash flow now

Monthly cash flow at 20% down.

  1. 3822 3rd St NE serious flag −$115/mo
  2. 1015 43 1/2 Ave NE serious flag −$665/mo
  3. 4524 Fillmore St NE serious flag −$1,183/mo

Best long-term

Year-30 wealth vs. the same money in stocks.

  1. 3822 3rd St NE serious flag 2.25× stocks
  2. 1015 43 1/2 Ave NE serious flag 1.21× stocks
  3. 4524 Fillmore St NE serious flag 0.57× stocks

Value-add

Under-rented, needs work, or room to negotiate.

  1. 4524 Fillmore St NE serious flag Sold as-is: the seller won't fix what the inspection finds.

Proceed with caution

Decent numbers, serious flags.

  1. 3822 3rd St NE No rents or lease terms given, so income is unproven
  2. 1015 43 1/2 Ave NE No rents, lease terms or occupancy stated for either side; the listing is written for an owner-occupant

All listings

3 listings. Filter by price or units, or switch the down payment.

  1. 3822 3rd St NE

    $499,990 · 2 units
    Close
    Cash flow −$115/mo Cap 6.1% Break-even price $478K Yr 30 vs stocks 2.25× Positive in yr 3

    Two big 4-bed units with new mechanicals look solid, but with no rents given and unverified taxes, the numbers don't work at ask unless rents beat $2,325 or the price drops.

    No rents or lease terms given, so income is unproven

  2. 1015 43 1/2 Ave NE

    $499,900 · 2 units
    Overpriced
    Cash flow −$665/mo Cap 4.8% Break-even price $375K Yr 30 vs stocks 1.21× Positive in yr 12

    Fresh cosmetic work and a new roof, but $499,900 is about $125K above what the rents support, so don't pay it.

    No rents, lease terms or occupancy stated for either side; the listing is written for an owner-occupant

  3. 4524 Fillmore St NE

    $424,900 · 2 units
    Far off
    Cash flow −$1,183/mo Cap 3.0% Break-even price $203K Yr 30 vs stocks 0.57× Positive in 30+ yrs

    Priced for three units but marketed as a duplex, so at about $425K it loses roughly $1,200 a month unless the lower unit is legal and rentable.

    Lower-level third unit may not be legal or licensed; marketed only as a duplex

Monthly cash flow

−$1,500−$1,000−$500$0break-even3822 3rd St NE−$1151015 43 1/2 Ave NE−$6654524 Fillmore St NE−$1,183

What's changing

Nothing curated for this city yet.