215 6th St NW

30 photos

Photos courtesy of RE/MAX Results, via Realtor.com.

Asking price: $285,000
Monthly cash flow: −$87
Estimated rent: $2,800/mo
Break-even price: $268,743

Adjust the numbers See the full breakdown

From the listing

This Rochester duplex is in a great location and offers two separate units, each with 2 bedrooms and 1 bathroom. One unit is located on the main floor, while the second occupies the upper level, with both offering comfortable living spaces and plenty of natural light. An enclosed front porch adds useful seasonal space, and the upper unit includes access to an outdoor deck. Shared laundry is available in the basement, and off street parking is conveniently located behind the property. Significant improvements completed in 2025 include a new roof, siding, windows, and furnace. Located near downtown and Mayo Clinic, this property offers flexibility for an owner occupant or a valuable addition to a rental portfolio.

Listing courtesy of RE/MAX Results (Robin Gwaltney). Description from Realtor.com, MLS #7111855. 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: $285,000
Cash to close: $65,550
Price per unit: $142,500
GRM: 8.5

Each month

Cash flow: −$87/mo
Cash-on-cash: −1.6%
Cap rate: 6.0%
DSCR: 0.94×

Break-even

Price that breaks even: $268,743
Rent that breaks even: $2,912/mo

Long run

Year 30: property vs stocks: $1.10M vs $511K
Cash flow turns positive: year 4

Monthly

Monthly breakdown

Rent	$2,800
Vacancy (6%)	−$168
Collected	$2,632
Property tax Listing	−$299
Insurance Estimate	−$196
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$224
Capital reserve (9% of rent)	−$252
Net operating income	$1,430
Mortgage (principal + interest)	−$1,517
Cash flow	−$87
Principal paid down (equity, not cash)	$193

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	$691,770
Minus 6% selling cost	−$41,506
Minus loan still owedTenants' rent paid down all $256,500 of principal by year 30	$0
Plus rental profits, invested at 7%$179,862 of profit by year 30, before investment growth	$304,570
What you'd walk away with	$954,833
If you put the same money in stocks
Cash to close ($37,050) invested at 7%	$282,034
Monthly shortfalls ($20,538 total by yr 30) investedThe money you'd have put into the building while it lost money	$130,439
What you'd walk away with	$412,473
Building minus stocks	$542,360

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$691,770
Minus 6% selling cost	−$41,506
Minus loan still owedTenants' rent paid down all $256,500 of principal by year 30	$0
Plus rental profits, invested at 7%$78,911 of profit by year 30, before investment growth	$111,766
What you'd walk away with	$762,030
If you put the same money in stocks
Cash to close ($37,050) invested at 7%	$282,034
Monthly shortfalls ($54,824 total by yr 30) investedThe money you'd have put into the building while it lost money	$306,101
What you'd walk away with	$588,136
Building minus stocks	$173,894

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$667,497
Minus 6% selling cost	−$40,050
Minus loan still owedTenants' rent paid down all $247,500 of principal by year 30	$0
Plus rental profits, invested at 7%$196,817 of profit by year 30, before investment growth	$344,999
What you'd walk away with	$972,446
If you put the same money in stocks
Cash to close ($35,750) invested at 7%	$272,138
Monthly shortfalls ($15,668 total by yr 30) investedThe money you'd have put into the building while it lost money	$101,255
What you'd walk away with	$373,393
Building minus stocks	$599,053

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$667,497
Minus 6% selling cost	−$40,050
Minus loan still owedTenants' rent paid down all $247,500 of principal by year 30	$0
Plus rental profits, invested at 7%$90,849 of profit by year 30, before investment growth	$133,108
What you'd walk away with	$760,556
If you put the same money in stocks
Cash to close ($35,750) invested at 7%	$272,138
Monthly shortfalls ($44,936 total by yr 30) investedThe money you'd have put into the building while it lost money	$257,831
What you'd walk away with	$529,969
Building minus stocks	$230,587

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$691,770
Minus 6% selling cost	−$41,506
Minus loan still owedTenants' rent paid down all $228,000 of principal by year 30	$0
Plus rental profits, invested at 7%$236,967 of profit by year 30, before investment growth	$450,335
What you'd walk away with	$1,100,599
If you put the same money in stocks
Cash to close ($65,550) invested at 7%	$498,983
Monthly shortfalls ($1,688 total by yr 30) investedThe money you'd have put into the building while it lost money	$11,672
What you'd walk away with	$510,655
Building minus stocks	$589,944

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$691,770
Minus 6% selling cost	−$41,506
Minus loan still owedTenants' rent paid down all $228,000 of principal by year 30	$0
Plus rental profits, invested at 7%$120,216 of profit by year 30, before investment growth	$190,708
What you'd walk away with	$840,971
If you put the same money in stocks
Cash to close ($65,550) invested at 7%	$498,983
Monthly shortfalls ($20,173 total by yr 30) investedThe money you'd have put into the building while it lost money	$120,511
What you'd walk away with	$619,494
Building minus stocks	$221,477

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$667,497
Minus 6% selling cost	−$40,050
Minus loan still owedTenants' rent paid down all $220,000 of principal by year 30	$0
Plus rental profits, invested at 7%$254,839 of profit by year 30, before investment growth	$501,838
What you'd walk away with	$1,129,285
If you put the same money in stocks
Cash to close ($63,250) invested at 7%	$481,475
Monthly shortfalls ($400 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,843
What you'd walk away with	$484,318
Building minus stocks	$644,967

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$667,497
Minus 6% selling cost	−$40,050
Minus loan still owedTenants' rent paid down all $220,000 of principal by year 30	$0
Plus rental profits, invested at 7%$133,749 of profit by year 30, before investment growth	$219,868
What you'd walk away with	$847,315
If you put the same money in stocks
Cash to close ($63,250) invested at 7%	$481,475
Monthly shortfalls ($14,545 total by yr 30) investedThe money you'd have put into the building while it lost money	$89,340
What you'd walk away with	$570,815
Building minus stocks	$276,500

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$691,770
Minus 6% selling cost	−$41,506
Minus loan still owedTenants' rent paid down all $213,750 of principal by year 30	$0
Plus rental profits, invested at 7%$269,409 of profit by year 30, before investment growth	$546,128
What you'd walk away with	$1,196,392
If you put the same money in stocks
Cash to close ($79,800) invested at 7%	$607,458
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	$607,458
Building minus stocks	$588,934

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$691,770
Minus 6% selling cost	−$41,506
Minus loan still owedTenants' rent paid down all $213,750 of principal by year 30	$0
Plus rental profits, invested at 7%$144,906 of profit by year 30, before investment growth	$245,117
What you'd walk away with	$895,381
If you put the same money in stocks
Cash to close ($79,800) invested at 7%	$607,458
Monthly shortfalls ($10,733 total by yr 30) investedThe money you'd have put into the building while it lost money	$67,455
What you'd walk away with	$674,913
Building minus stocks	$220,468

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$667,497
Minus 6% selling cost	−$40,050
Minus loan still owedTenants' rent paid down all $206,250 of principal by year 30	$0
Plus rental profits, invested at 7%$287,372 of profit by year 30, before investment growth	$602,689
What you'd walk away with	$1,230,136
If you put the same money in stocks
Cash to close ($77,000) invested at 7%	$586,144
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	$586,144
Building minus stocks	$643,992

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$667,497
Minus 6% selling cost	−$40,050
Minus loan still owedTenants' rent paid down all $206,250 of principal by year 30	$0
Plus rental profits, invested at 7%$159,006 of profit by year 30, before investment growth	$278,669
What you'd walk away with	$906,116
If you put the same money in stocks
Cash to close ($77,000) invested at 7%	$586,144
Monthly shortfalls ($6,870 total by yr 30) investedThe money you'd have put into the building while it lost money	$44,446
What you'd walk away with	$630,590
Building minus stocks	$275,526

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 $1.10M, stocks $511K. 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.

2 bed estimate $1,400/mo · range $1,125–$1,850 · 13 rentals within 1.5 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
401 Broadway Ave N, Rochester	$1,771	2 / 1	768	0.2 mi	2025-04-30	Apartment
204 13th St NW, Rochester	$1,170	2 / 1	705	0.4 mi	2025-07-17	Apartment
211 1st St NE, Rochester	$1,445	2 / 2	868	0.5 mi	2025-07-10	Apartment
115 16th St NE Unit B, Rochester	$2,000	2 / 1	1,227	0.7 mi	—	Apartment
1117 1st St NW, Rochester	$995	2 / 1	—	0.7 mi	2026-09-22	Apartment
718 5th St SW, Rochester	$1,300	2 / 1	1,211	0.9 mi	2024-09-11	Apartment
1617 4th St NW, Rochester	$975	2 / 1	896	0.9 mi	2025-01-03	Apartment
517 5th Ave SE, Rochester	$1,350	2 / 1	1,074	1.0 mi	2026-07-31	Apartment
322 6th St SE Apt 1, Rochester	$1,100	2 / 1	800	1.0 mi	—	Apartment
1258 17th Ave NW, Rochester	$1,395	2 / 1	825	1.1 mi	2025-01-03	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 215 6TH ST 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.	$3,592
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,356
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. built 1900: +1 pt capital reserve	8% / 9%

Status history

2026-07-19New at $285,000

From the listing Listing

Listed as	duplex up and down
Property tax, 2026	$3,592
County	Olmsted
Parcel number	743513015691

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 Rochester on rental licensing before you buy.