16001 Nowthen Blvd NW

Cash flows

44 photos

Photos courtesy of Re/Max Prodigy, via Realtor.com.

Asking price: $459,900
Monthly cash flow: $445
Estimated rent: $4,900/mo
Break-even price: $543,558

Adjust the numbers See the full breakdown

From the listing

THIS IS NOT YOUR TYPICAL DUPLEX! RARE OPPORTUNITY to own an exceptionally spacious up/down duplex situated on a 1.75 acre lot with mature trees and plenty of outdoor space. Each level offers approximately 1,643 finished square feet with 3 bedrooms and 2 baths, giving you more than 3,200 finished square feet between the two units. Both units offer generous room sizes, private primary bedroom suites with 3/4 baths, beautiful oak woodwork, fireplaces, central air, kitchen windows, informal dining areas and individual washer/dryer hookups. The upper unit also features a large 30' x 8' deck, creating additional outdoor living space. Major exterior improvements include new steel siding and architectural shingles, adding durability, curb appeal and long-term value. The property also features an impressive large detached garage/outbuilding with separate garage spaces for the units, plus an additional insulated garage bay - ideal for vehicles, storage, toys, hobbies, equipment or workshop space. This unique property offers tremendous flexibility for an owner-occupant, investor or multi-generational household. Live in one spacious unit while renting the other, accommodate extended family, or add a substantial duplex to your investment portfolio. MUST SEE!!!

Listing courtesy of Re/Max Prodigy (Benjamin Fritz). Description from Realtor.com, MLS #7138123. Believed reliable but not guaranteed; confirm with the listing agent. View on Realtor.com ↗

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: $459,900
Cash to close: $105,777
Price per unit: $229,950
GRM: 7.8

Each month

Cash flow: $445/mo
Cash-on-cash: 5.1%
Cap rate: 7.5%
DSCR: 1.18×

Break-even

Price that breaks even: $543,558
Rent that breaks even: $4,329/mo

Long run

Year 30: property vs stocks: $2.69M vs $805K
Cash flow turns positive: year 1

Monthly

Monthly breakdown

Rent	$4,900
Vacancy (6%)	−$294
Collected	$4,606
Property tax Listing	−$480
Insurance Estimate	−$218
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$392
Capital reserve (8% of rent)	−$392
Net operating income	$2,893
Mortgage (principal + interest)	−$2,448
Cash flow	$445
Principal paid down (equity, not cash)	$311

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

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,116,298
Minus 6% selling cost	−$66,978
Minus loan still owedTenants' rent paid down all $413,910 of principal by year 30	$0
Plus rental profits, invested at 7%$604,646 of profit by year 30, before investment growth	$1,226,236
What you'd walk away with	$2,275,556
If you put the same money in stocks
Cash to close ($59,787) invested at 7%	$455,114
Monthly shortfalls ($1,880 total by yr 30) investedThe money you'd have put into the building while it lost money	$13,167
What you'd walk away with	$468,280
Building minus stocks	$1,807,276

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,116,298
Minus 6% selling cost	−$66,978
Minus loan still owedTenants' rent paid down all $413,910 of principal by year 30	$0
Plus rental profits, invested at 7%$386,621 of profit by year 30, before investment growth	$702,380
What you'd walk away with	$1,751,700
If you put the same money in stocks
Cash to close ($59,787) invested at 7%	$455,114
Monthly shortfalls ($20,517 total by yr 30) investedThe money you'd have put into the building while it lost money	$134,126
What you'd walk away with	$589,240
Building minus stocks	$1,162,460

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,092,025
Minus 6% selling cost	−$65,522
Minus loan still owedTenants' rent paid down all $404,910 of principal by year 30	$0
Plus rental profits, invested at 7%$625,239 of profit by year 30, before investment growth	$1,287,284
What you'd walk away with	$2,313,788
If you put the same money in stocks
Cash to close ($58,487) invested at 7%	$445,218
Monthly shortfalls ($647 total by yr 30) investedThe money you'd have put into the building while it lost money	$4,602
What you'd walk away with	$449,820
Building minus stocks	$1,863,968

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,092,025
Minus 6% selling cost	−$65,522
Minus loan still owedTenants' rent paid down all $404,910 of principal by year 30	$0
Plus rental profits, invested at 7%$405,302 of profit by year 30, before investment growth	$751,726
What you'd walk away with	$1,778,230
If you put the same money in stocks
Cash to close ($58,487) invested at 7%	$445,218
Monthly shortfalls ($17,373 total by yr 30) investedThe money you'd have put into the building while it lost money	$113,859
What you'd walk away with	$559,077
Building minus stocks	$1,219,153

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,116,298
Minus 6% selling cost	−$66,978
Minus loan still owedTenants' rent paid down all $367,920 of principal by year 30	$0
Plus rental profits, invested at 7%$725,334 of profit by year 30, before investment growth	$1,639,941
What you'd walk away with	$2,689,261
If you put the same money in stocks
Cash to close ($105,777) invested at 7%	$805,202
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$805,202
Building minus stocks	$1,884,059

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,116,298
Minus 6% selling cost	−$66,978
Minus loan still owedTenants' rent paid down all $367,920 of principal by year 30	$0
Plus rental profits, invested at 7%$488,671 of profit by year 30, before investment growth	$995,125
What you'd walk away with	$2,044,445
If you put the same money in stocks
Cash to close ($105,777) invested at 7%	$805,202
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$805,202
Building minus stocks	$1,239,243

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,092,025
Minus 6% selling cost	−$65,522
Minus loan still owedTenants' rent paid down all $359,920 of principal by year 30	$0
Plus rental profits, invested at 7%$744,495 of profit by year 30, before investment growth	$1,700,272
What you'd walk away with	$2,726,776
If you put the same money in stocks
Cash to close ($103,477) invested at 7%	$787,693
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$787,693
Building minus stocks	$1,939,083

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,092,025
Minus 6% selling cost	−$65,522
Minus loan still owedTenants' rent paid down all $359,920 of principal by year 30	$0
Plus rental profits, invested at 7%$507,832 of profit by year 30, before investment growth	$1,055,456
What you'd walk away with	$2,081,960
If you put the same money in stocks
Cash to close ($103,477) invested at 7%	$787,693
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$787,693
Building minus stocks	$1,294,267

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,116,298
Minus 6% selling cost	−$66,978
Minus loan still owedTenants' rent paid down all $344,925 of principal by year 30	$0
Plus rental profits, invested at 7%$780,409 of profit by year 30, before investment growth	$1,813,356
What you'd walk away with	$2,862,676
If you put the same money in stocks
Cash to close ($128,772) invested at 7%	$980,245
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$980,245
Building minus stocks	$1,882,431

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,116,298
Minus 6% selling cost	−$66,978
Minus loan still owedTenants' rent paid down all $344,925 of principal by year 30	$0
Plus rental profits, invested at 7%$543,746 of profit by year 30, before investment growth	$1,168,540
What you'd walk away with	$2,217,860
If you put the same money in stocks
Cash to close ($128,772) invested at 7%	$980,245
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$980,245
Building minus stocks	$1,237,615

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,092,025
Minus 6% selling cost	−$65,522
Minus loan still owedTenants' rent paid down all $337,425 of principal by year 30	$0
Plus rental profits, invested at 7%$798,372 of profit by year 30, before investment growth	$1,869,916
What you'd walk away with	$2,896,420
If you put the same money in stocks
Cash to close ($125,972) invested at 7%	$958,931
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$958,931
Building minus stocks	$1,937,489

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,092,025
Minus 6% selling cost	−$65,522
Minus loan still owedTenants' rent paid down all $337,425 of principal by year 30	$0
Plus rental profits, invested at 7%$561,709 of profit by year 30, before investment growth	$1,225,100
What you'd walk away with	$2,251,604
If you put the same money in stocks
Cash to close ($125,972) invested at 7%	$958,931
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$958,931
Building minus stocks	$1,292,673

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 $2.69M, stocks $805K. 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 $2,450/mo · range $1,925–$2,575 · 17 rentals within 10 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
7555 145th Ave NW, Ramsey	$2,415	3 / 2	1,522	2.3 mi	2025-08-20	Apartment
2614 Cutters Grove Ave, Anoka	$1,820	3 / 2	1,224	3.9 mi	2025-04-16	Apartment
1048 Lincoln St Apt 202, Anoka	$1,945	3 / 2	1,100	4.7 mi	2026-01-28	Apartment
220 E River Pkwy, Champlin	$3,377	3 / 2	1,516	5.4 mi	2024-04-12	Apartment
3845 119th Ave NW, Coon Rapids	$2,160	3 / 2	1,210	6.0 mi	2024-04-12	Apartment
3130 Northdale Blvd NW, Coon Rapids	$2,634	3 / 2	1,490	6.1 mi	2025-12-16	Apartment
3120 Northdale Blvd NW, Coon Rapids	$2,429	3 / 2	1,443	6.2 mi	2026-02-19	Apartment
13600 Commerce Blvd, Rogers	$2,470	3 / 2	1,345	6.8 mi	2024-04-12	Apartment
21235 Commerce Blvd, Rogers	$2,485	3 / 2	1,356	7.0 mi	2025-01-03	Apartment
1770 121st Ave NW, Coon Rapids	$2,095	3 / 2	1,295	7.6 mi	2025-01-17	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

mediumCouldn't match this address to a county parcel record, so taxes and unit count are unverified. Public record: County parcels: no match for 16001 NOWTHEN BLVD NW

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 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.	$5,766
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,622
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

2026-09-03New at $459,900

From the listing Listing

Listed as	duplex up and down
Property tax, 2026	$5,766
County	Anoka
Parcel number	153225410001

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 Andover on rental licensing before you buy.