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Minneapolis › Armatage

Armatage

Minneapolis neighborhood. 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
$248K
Typical cash flow
−$1,180
median per month, 20% down
Crime, last 12 months
8 per 1,000
45 incidents · −40% vs. prior year
Renter households
17%
Median gross rent
$2,281
all unit sizes
Median household income
$147K
Rent rules
No cap
Rents can reset to market at renewal

Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities). Per-resident rates use 2020 Census population. Census figures: ACS 2020–2024 5-year, combining 1 tract(s) centered in this neighborhood; medians are household-weighted averages of tract medians.

Map

Top picks

Ranked on real rent estimates (RentCast comparables 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); RentCast estimates for the best leads arrive over the next few nights.

Ways to slice it

Best cash flow now

Monthly cash flow at 20% down.

  1. 5844 Washburn Ave S rough −$1,096/mo
  2. 5936 Washburn Ave S rough −$1,265/mo

Best long-term

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

  1. 5844 Washburn Ave S rough 0.70× stocks
  2. 5936 Washburn Ave S rough 0.64× stocks

Value-add

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

  1. 5844 Washburn Ave S rough Long time on market: room to negotiate.

Proceed with caution

Decent numbers, serious flags.

Nothing here right now.

Needs more info

Left out of the rankings until a data problem is resolved.

  1. 5433/5435 Penn Ave S no rent estimate yet

All listings

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

  1. 5844 Washburn Ave S

    $480,000 · 2 units · Rough rents
    Far off
    Cash flow −$1,096/mo Cap 3.6% Break-even price $274K Yr 30 vs stocks 0.70× Positive in yr 23

  2. 5936 Washburn Ave S

    $510,000 · 2 units · Rough rents
    Far off
    Cash flow −$1,265/mo Cap 3.4% Break-even price $272K Yr 30 vs stocks 0.64× Positive in yr 26

  3. 5433/5435 Penn Ave S

    $495,000
    Needs more info

    Needs more info: no rent estimate yet

Monthly cash flow

−$1,500−$1,000−$500$0break-even5844 Washburn Ave S−$1,0965936 Washburn Ave S−$1,265

What's changing

Nothing curated for this neighborhood yet.