1400 Arlington Ave E

Saint Paul, MN · Greater East Side · View the listing ↗

Overpriced

8 photos

Photos courtesy of RE/MAX ADVANTAGE PLUS, via Realtor.com.

Asking price: $300,000
Monthly cash flow: −$379
Estimated rent: $2,925/mo
Break-even price: $228,726

Adjust the numbers See the full breakdown

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: $300,000
Cash to close: $69,000
Price per unit: $150,000
GRM: 8.5

Each month

Cash flow: −$379/mo
Cash-on-cash: −6.6%
Cap rate: 4.9%
DSCR: 0.76×

Break-even

Price that breaks even: $228,726
Rent that breaks even: $3,411/mo

Long run

Year 30: property vs stocks: $831K vs $686K
Cash flow turns positive: year 12

Monthly

Monthly breakdown

Rent	$2,925
Vacancy (6%)	−$176
Collected	$2,750
Property tax Public record	−$641
Insurance Estimate	−$193
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$234
Capital reserve (8% of rent)	−$234
Net operating income	$1,217
Mortgage (principal + interest)	−$1,597
Cash flow	−$379
Principal paid down (equity, not cash)	$203

Cash flow each year

Rents +3%/yr (St. Paul's cap for sitting tenants), costs +3.5%/yr. Red bars are months you'd cover out of pocket.

30 years

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$728,179
Minus 6% selling cost	−$43,691
Minus loan still owedTenants' rent paid down all $270,000 of principal by year 30	$0
Plus rental profits, invested at 7%$57,477 of profit by year 30, before investment growth	$77,451
What you'd walk away with	$761,939
If you put the same money in stocks
Cash to close ($39,000) invested at 7%	$296,878
Monthly shortfalls ($68,927 total by yr 30) investedThe money you'd have put into the building while it lost money	$370,213
What you'd walk away with	$667,090
Building minus stocks	$94,849

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$728,179
Minus 6% selling cost	−$43,691
Minus loan still owedTenants' rent paid down all $270,000 of principal by year 30	$0
Plus rental profits, invested at 7%$2,502 of profit by year 30, before investment growth	$2,609
What you'd walk away with	$687,097
If you put the same money in stocks
Cash to close ($39,000) invested at 7%	$296,878
Monthly shortfalls ($155,225 total by yr 30) investedThe money you'd have put into the building while it lost money	$680,286
What you'd walk away with	$977,164
Building minus stocks	−$290,067

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$703,906
Minus 6% selling cost	−$42,234
Minus loan still owedTenants' rent paid down all $261,000 of principal by year 30	$0
Plus rental profits, invested at 7%$67,960 of profit by year 30, before investment growth	$94,746
What you'd walk away with	$756,418
If you put the same money in stocks
Cash to close ($37,700) invested at 7%	$286,982
Monthly shortfalls ($57,584 total by yr 30) investedThe money you'd have put into the building while it lost money	$317,894
What you'd walk away with	$604,876
Building minus stocks	$151,542

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$703,906
Minus 6% selling cost	−$42,234
Minus loan still owedTenants' rent paid down all $261,000 of principal by year 30	$0
Plus rental profits, invested at 7%$5,317 of profit by year 30, before investment growth	$5,735
What you'd walk away with	$667,406
If you put the same money in stocks
Cash to close ($37,700) invested at 7%	$286,982
Monthly shortfalls ($136,215 total by yr 30) investedThe money you'd have put into the building while it lost money	$613,798
What you'd walk away with	$900,780
Building minus stocks	−$233,374

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$728,179
Minus 6% selling cost	−$43,691
Minus loan still owedTenants' rent paid down all $240,000 of principal by year 30	$0
Plus rental profits, invested at 7%$96,435 of profit by year 30, before investment growth	$146,552
What you'd walk away with	$831,040
If you put the same money in stocks
Cash to close ($69,000) invested at 7%	$525,246
Monthly shortfalls ($27,933 total by yr 30) investedThe money you'd have put into the building while it lost money	$160,858
What you'd walk away with	$686,104
Building minus stocks	$144,936

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$728,179
Minus 6% selling cost	−$43,691
Minus loan still owedTenants' rent paid down all $240,000 of principal by year 30	$0
Plus rental profits, invested at 7%$16,231 of profit by year 30, before investment growth	$19,087
What you'd walk away with	$703,575
If you put the same money in stocks
Cash to close ($69,000) invested at 7%	$525,246
Monthly shortfalls ($89,001 total by yr 30) investedThe money you'd have put into the building while it lost money	$418,309
What you'd walk away with	$943,555
Building minus stocks	−$239,980

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$703,906
Minus 6% selling cost	−$42,234
Minus loan still owedTenants' rent paid down all $232,000 of principal by year 30	$0
Plus rental profits, invested at 7%$108,829 of profit by year 30, before investment growth	$171,363
What you'd walk away with	$833,035
If you put the same money in stocks
Cash to close ($66,700) invested at 7%	$507,737
Monthly shortfalls ($21,166 total by yr 30) investedThe money you'd have put into the building while it lost money	$125,338
What you'd walk away with	$633,075
Building minus stocks	$199,960

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$703,906
Minus 6% selling cost	−$42,234
Minus loan still owedTenants' rent paid down all $232,000 of principal by year 30	$0
Plus rental profits, invested at 7%$22,081 of profit by year 30, before investment growth	$26,932
What you'd walk away with	$688,604
If you put the same money in stocks
Cash to close ($66,700) invested at 7%	$507,737
Monthly shortfalls ($75,691 total by yr 30) investedThe money you'd have put into the building while it lost money	$365,823
What you'd walk away with	$873,560
Building minus stocks	−$184,956

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$728,179
Minus 6% selling cost	−$43,691
Minus loan still owedTenants' rent paid down all $225,000 of principal by year 30	$0
Plus rental profits, invested at 7%$120,362 of profit by year 30, before investment growth	$195,649
What you'd walk away with	$880,137
If you put the same money in stocks
Cash to close ($84,000) invested at 7%	$639,429
Monthly shortfalls ($15,933 total by yr 30) investedThe money you'd have put into the building while it lost money	$96,834
What you'd walk away with	$736,263
Building minus stocks	$143,874

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$728,179
Minus 6% selling cost	−$43,691
Minus loan still owedTenants' rent paid down all $225,000 of principal by year 30	$0
Plus rental profits, invested at 7%$27,958 of profit by year 30, before investment growth	$35,220
What you'd walk away with	$719,708
If you put the same money in stocks
Cash to close ($84,000) invested at 7%	$639,429
Monthly shortfalls ($64,802 total by yr 30) investedThe money you'd have put into the building while it lost money	$321,321
What you'd walk away with	$960,750
Building minus stocks	−$241,042

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$703,906
Minus 6% selling cost	−$42,234
Minus loan still owedTenants' rent paid down all $217,500 of principal by year 30	$0
Plus rental profits, invested at 7%$133,499 of profit by year 30, before investment growth	$224,861
What you'd walk away with	$886,533
If you put the same money in stocks
Cash to close ($81,200) invested at 7%	$618,115
Monthly shortfalls ($11,107 total by yr 30) investedThe money you'd have put into the building while it lost money	$69,486
What you'd walk away with	$687,601
Building minus stocks	$198,932

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$703,906
Minus 6% selling cost	−$42,234
Minus loan still owedTenants' rent paid down all $217,500 of principal by year 30	$0
Plus rental profits, invested at 7%$35,077 of profit by year 30, before investment growth	$45,800
What you'd walk away with	$707,472
If you put the same money in stocks
Cash to close ($81,200) invested at 7%	$618,115
Monthly shortfalls ($53,958 total by yr 30) investedThe money you'd have put into the building while it lost money	$275,341
What you'd walk away with	$893,456
Building minus stocks	−$185,984

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

This propertyStocks at 7%

Year 30 (loan paid off): property $831K, stocks $686K. The property wins.

Comparable rentals

The closest rental listings with each unit's bedroom count, as of 2026-10-04. The estimate is the median asking rent of every rental we found nearby (the count is shown for each); houses are left out. Asking rents from Realtor.com rental listings, not signed leases.

3 bed estimate $1,700/mo · range $1,475–$1,900 · 16 rentals within 3 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
1428 7th St E, Saint Paul	$1,871	3 / 2	1,205	1.3 mi	2025-01-03	Apartment
Ross Ave Unit 1090, Saint Paul	$1,910	3 / 1	—	1.5 mi	2026-09-02	Apartment
1465 Minnehaha Ave E Apt 1, Saint Paul	$1,200	3 / 1	950	1.5 mi	—	Apartment
736 Geranium Ave E Apt A, Saint Paul	$1,600	3 / 1	—	1.5 mi	2026-08-28	Multi family
1124 Minnehaha Ave E Apt 1, Saint Paul	$1,750	3 / 1	832	1.6 mi	2026-03-25	Apartment
828 Hazel St N, Saint Paul	$1,600	3 / 2	—	1.7 mi	2025-01-03	Apartment
584 Magnolia Ave E Unit 1, Saint Paul	$1,900	3 / 2	—	1.9 mi	2026-07-15	Multi family
1056 3rd St E, Saint Paul	$1,695	3 / 1	925	2.1 mi	2026-09-17	Apartment
1056 3rd St E, Saint Paul	$1,695	3 / 1	925	2.1 mi	2026-08-20	Apartment
586 Reaney Ave E Unit 586U2, Saint Paul	$1,614	3 / 1	1,100	2.2 mi	2023-06-04	Apartment

2 bed estimate $1,225/mo · range $1,175–$1,475 · 6 rentals within 0.75 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
1450 Idaho Ave E Unit 1, Saint Paul	$1,650	2 / 1	850	0.4 mi	2026-09-29	Duplex triplex
1265 Hazelwood St, Saint Paul	$1,195	2 / 1	800	0.4 mi	2025-12-18	Apartment
1266 Hazelwood St, Saint Paul	$1,200	2 / 1	950	0.5 mi	2025-06-03	Apartment
1244 Hazelwood St, Saint Paul	$1,125	2 / 1	800	0.5 mi	2025-05-02	Apartment
1310 Maryland Ave E, Saint Paul	$1,226	2 / 1	900	0.5 mi	2026-04-29	Apartment
1180 Prosperity Ave, Saint Paul	$1,411	2 / 1	972	0.5 mi	2025-04-10	Apartment

On the maps, this property and comparable rentals. Comparable rentals and rent estimate: Realtor.com rental listings. Rents are asking rents from listings; check them against the actual leases.

Red flags and opportunities

Watch for

low$432 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 222922320002: special assessments (payable 2026) = $432.50

Opportunities

None found.

Questions for the agent

Can we see the current leases and a rent roll, with move-in dates?
What did water/sewer/trash, heat and electric cost the owner over the last 12 months?
How old are the roof, boiler or furnaces, water heaters and electrical panels?
Is the building licensed as a rental for this many units, and when was the last city inspection?
Any special assessments pending, and will the seller pay them off at closing?

Standard questions worth asking about any building.

What the records say

Where each number comes from

Property tax / yr Public recordRamsey County record, payable 2026 (non-homestead)	$7,698
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,312
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. base rate	8% / 8%

Status history

2026-10-03New at $300,000

County record Public record

Recorded as	two family dwelling - up/dwn
Living units	2
Year built	1960
Market value (2026)	$366,100
Property tax, payable 2026	$7,698
Special assessments	$432
Homestead	no
Last sale	2018-12-07 · $254,500

Source: Ramsey County parcel records.

City rental certificate (CofO)

Residential 2 Units: 2 unit(s), A, status pending, renews 2025-07-16.

Nearest highway

MN 36, about 3007 m away.

Crime in Greater East Side

1,143 incidents in the last 12 months (37 per 1,000 residents), −13% vs. the year before. St. Paul police incidents, excluding proactive visits and community events.