1745 Duluth St

Maplewood, MN · View the listing ↗

Far off

52 photos

Photos courtesy of National Realty Guild - Broker, via Realtor.com.

Asking price: $649,000
Monthly cash flow: −$1,788
Estimated rent: $3,400/mo
Break-even price: $313,031

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: $649,000
Cash to close: $149,270
Price per unit: $324,500
GRM: 15.9

Each month

Cash flow: −$1,788/mo
Cash-on-cash: −14.4%
Cap rate: 3.1%
DSCR: 0.48×

Break-even

Price that breaks even: $313,031
Rent that breaks even: $5,693/mo

Long run

Year 30: property vs stocks: $1.48M vs $2.55M
Cash flow turns positive: year 29

Monthly

Monthly breakdown

Rent	$3,400
Vacancy (6%)	−$204
Collected	$3,196
Property tax Listing	−$528
Insurance Estimate	−$228
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$272
Capital reserve (8% of rent)	−$272
Net operating income	$1,666
Mortgage (principal + interest)	−$3,454
Cash flow	−$1,788
Principal paid down (equity, not cash)	$440

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	$1,575,293
Minus 6% selling cost	−$94,518
Minus loan still owedTenants' rent paid down all $584,100 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,480,776
If you put the same money in stocks
Cash to close ($84,370) invested at 7%	$642,246
Monthly shortfalls ($513,202 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,017,089
What you'd walk away with	$2,659,335
Building minus stocks	−$1,178,559

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,575,293
Minus 6% selling cost	−$94,518
Minus loan still owedTenants' rent paid down all $584,100 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,480,776
If you put the same money in stocks
Cash to close ($84,370) invested at 7%	$642,246
Monthly shortfalls ($677,417 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,464,513
What you'd walk away with	$3,106,759
Building minus stocks	−$1,625,983

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,551,021
Minus 6% selling cost	−$93,061
Minus loan still owedTenants' rent paid down all $575,100 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,457,959
If you put the same money in stocks
Cash to close ($83,070) invested at 7%	$632,350
Monthly shortfalls ($491,377 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,947,476
What you'd walk away with	$2,579,826
Building minus stocks	−$1,121,867

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,551,021
Minus 6% selling cost	−$93,061
Minus loan still owedTenants' rent paid down all $575,100 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,457,959
If you put the same money in stocks
Cash to close ($83,070) invested at 7%	$632,350
Monthly shortfalls ($655,592 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,394,900
What you'd walk away with	$3,027,250
Building minus stocks	−$1,569,291

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,575,293
Minus 6% selling cost	−$94,518
Minus loan still owedTenants' rent paid down all $519,200 of principal by year 30	$0
Plus rental profits, invested at 7%$1,821 of profit by year 30, before investment growth	$1,846
What you'd walk away with	$1,482,622
If you put the same money in stocks
Cash to close ($149,270) invested at 7%	$1,136,281
Monthly shortfalls ($342,059 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,416,544
What you'd walk away with	$2,552,825
Building minus stocks	−$1,070,203

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,575,293
Minus 6% selling cost	−$94,518
Minus loan still owedTenants' rent paid down all $519,200 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,480,776
If you put the same money in stocks
Cash to close ($149,270) invested at 7%	$1,136,281
Monthly shortfalls ($504,453 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,862,121
What you'd walk away with	$2,998,403
Building minus stocks	−$1,517,627

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,551,021
Minus 6% selling cost	−$93,061
Minus loan still owedTenants' rent paid down all $511,200 of principal by year 30	$0
Plus rental profits, invested at 7%$3,098 of profit by year 30, before investment growth	$3,168
What you'd walk away with	$1,461,128
If you put the same money in stocks
Cash to close ($146,970) invested at 7%	$1,118,773
Monthly shortfalls ($324,176 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,357,535
What you'd walk away with	$2,476,308
Building minus stocks	−$1,015,180

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,551,021
Minus 6% selling cost	−$93,061
Minus loan still owedTenants' rent paid down all $511,200 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,457,959
If you put the same money in stocks
Cash to close ($146,970) invested at 7%	$1,118,773
Monthly shortfalls ($485,292 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,801,790
What you'd walk away with	$2,920,563
Building minus stocks	−$1,462,604

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,575,293
Minus 6% selling cost	−$94,518
Minus loan still owedTenants' rent paid down all $486,750 of principal by year 30	$0
Plus rental profits, invested at 7%$9,714 of profit by year 30, before investment growth	$10,380
What you'd walk away with	$1,491,156
If you put the same money in stocks
Cash to close ($181,720) invested at 7%	$1,383,299
Monthly shortfalls ($272,232 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,180,360
What you'd walk away with	$2,563,659
Building minus stocks	−$1,072,503

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,575,293
Minus 6% selling cost	−$94,518
Minus loan still owedTenants' rent paid down all $486,750 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,480,776
If you put the same money in stocks
Cash to close ($181,720) invested at 7%	$1,383,299
Monthly shortfalls ($426,733 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,617,403
What you'd walk away with	$3,000,702
Building minus stocks	−$1,519,926

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,551,021
Minus 6% selling cost	−$93,061
Minus loan still owedTenants' rent paid down all $479,250 of principal by year 30	$0
Plus rental profits, invested at 7%$12,521 of profit by year 30, before investment growth	$13,578
What you'd walk away with	$1,471,538
If you put the same money in stocks
Cash to close ($178,920) invested at 7%	$1,361,985
Monthly shortfalls ($257,075 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,126,997
What you'd walk away with	$2,488,982
Building minus stocks	−$1,017,444

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,551,021
Minus 6% selling cost	−$93,061
Minus loan still owedTenants' rent paid down all $479,250 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$1,457,959
If you put the same money in stocks
Cash to close ($178,920) invested at 7%	$1,361,985
Monthly shortfalls ($408,769 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,560,842
What you'd walk away with	$2,922,827
Building minus stocks	−$1,464,868

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 $1.48M, stocks $2.55M. Stocks win.

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–$1,875 · 16 rentals within 3 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
736 Geranium Ave E Apt A, Saint Paul	$1,600	3 / 1	—	1.6 mi	2026-08-28	Multi family
584 Magnolia Ave E Unit 1, Saint Paul	$1,900	3 / 2	—	1.9 mi	2026-07-15	Multi family
Ross Ave Unit 1090, Saint Paul	$1,910	3 / 1	—	2.0 mi	2026-09-02	Apartment
1428 7th St E, Saint Paul	$1,871	3 / 2	1,205	2.0 mi	2025-01-03	Apartment
1124 Minnehaha Ave E Apt 1, Saint Paul	$1,750	3 / 1	832	2.2 mi	2026-03-25	Apartment
1465 Minnehaha Ave E Apt 1, Saint Paul	$1,200	3 / 1	950	2.2 mi	—	Apartment
586 Reaney Ave E Unit 586U2, Saint Paul	$1,614	3 / 1	1,100	2.4 mi	2023-06-04	Apartment
595 Minnehaha Ave E, Saint Paul	$1,155	3 / 1	830	2.5 mi	2025-01-03	Apartment
828 Hazel St N, Saint Paul	$1,600	3 / 2	—	2.5 mi	2025-01-03	Apartment
691 Bedford St Unit A, Saint Paul	$2,052	3 / 1	1,050	2.6 mi	2025-09-24	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 1745 DULUTH ST
mediumAsking is $335,969 above the price where cash flow breaks even ($313,031) at the default scenario. Based on: Derived: price $649,000 vs. break-even $313,031

Opportunities

Long time on market: room to negotiate. Based on: Listing data: 319 days on market

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 2025. 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.	$6,338
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,733
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

2025-11-20New at $649,000

From the listing Listing

Listed as	duplex side x side
Property tax, 2025	$6,338
County	Ramsey
Parcel number	162922440075

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 Maplewood on rental licensing before you buy.

Nearest highway

MN 36, about 1971 m away.