Dooralytics
Back to Twin Cities suburbs

2506 7th Ave E

North Saint Paul, MN · View the listing ↗

Close

Photos courtesy of Exp Realty - Broker, via Realtor.com.

Asking price
$525,000
2 units · $262K per unit
Monthly cash flow
−$552
at 20% down, 7%
Estimated rent
$4,500/mo
low confidence · 20 rentals within 9.75 mi
Break-even price
$421,300
where cash flow hits $0

Adjust the numbers See the full breakdown

The numbers

Down payment %
Offer $
Management
Interest rate %
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
$525,000
Cash to close
$120,750
Price per unit
$262,500
GRM
9.7

Each month

Cash flow
−$552/mo
Cash-on-cash
−5.5%
Cap rate
5.1%
DSCR
0.80×

Break-even

Price that breaks even
$421,300
Rent that breaks even
$5,217/mo

Long run

Year 30: property vs stocks
$1.60M vs $1.11M
Cash flow turns positive
year 10

Monthly

Monthly breakdown

Rent$4,500
Vacancy (6%)−$270
Collected$4,230
Property tax Listing−$745
Insurance Estimate−$248
Water, sewer, trash Estimate−$170
Lawn care ($120 × 6 mo ÷ 12)−$60
Repairs (8% of rent)−$360
Capital reserve (9% of rent)−$405
Net operating income$2,242
Mortgage (principal + interest)−$2,794
Cash flow−$552
Principal paid down (equity, not cash)$356

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$1,274,313
Minus 6% selling cost−$76,459
Minus loan still owedTenants' rent paid down all $420,000 of principal by year 30$0
Plus rental profits, invested at 7%$246,333 of profit by year 30, before investment growth$399,363
What you'd walk away with$1,597,217
If you put the same money in stocks
Cash to close ($120,750) invested at 7%$919,180
Monthly shortfalls ($31,492 total by yr 30) investedThe money you'd have put into the building while it lost money$191,401
What you'd walk away with$1,110,581
Building minus stocks$486,636

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 $1.60M, stocks $1.11M. 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.

4 bed estimate $2,625/mo · range $2,025–$3,100 · 24 rentals within 9.75 mi

AddressRentBd / BaSq ftDistanceListedType
7600 3rd St N, Oakdale $3,900 4 / 2.5 2,103 4.6 mi 2026-08-07 Apartment
783 6th St E, Saint Paul $1,499 4 / 1 1,260 5.0 mi 2026-04-08 Apartment
548 Minnehaha Ave E, Saint Paul $2,295 5 / 2 1,825 5.2 mi 2026-09-24 Apartment
8868 Meridian Way, Woodbury $4,035 4 / 3.5 2,265 5.6 mi 2024-06-11 Apartment
9485 4th St N, Lake Elmo $3,775 4 / 3.5 2,397 5.7 mi 2024-04-12 Apartment
881 Western Ave N, Saint Paul $2,950 4 / 4 — 6.7 mi — Apartment
61 Delos St Apt W4, Saint Paul $1,750 4 / 1 1,400 7.0 mi — Apartment
769 University Ave W, Saint Paul $1,680 4 / 2 — 7.8 mi 2026-08-03 Apartment
1012 Burgess St, Saint Paul $2,980 4 / 2 2,149 7.8 mi 2026-09-23 Apartment
726-730 Holton St, Saint Paul $2,300 4 / 1.5 — 8.8 mi 2026-09-26 Apartment

3 bed estimate $1,875/mo · range $1,700–$2,750 · 20 rentals within 5 mi

AddressRentBd / BaSq ftDistanceListedType
6181 Upper 35th St N, Oakdale $1,775 3 / 1 1,250 1.0 mi 2026-02-05 Apartment
3998 Hayward Ave N, Oakdale $2,800 3 / 2.5 1,782 1.9 mi 2024-04-12 Apartment
7700 36th St N, Oakdale $2,804 3 / 2 1,299 2.4 mi 2026-05-01 Apartment
1160 Frost Ave, Maplewood $3,010 3 / 2 1,490 2.9 mi 2025-04-30 Apartment
1255 County Road D Cir E, Vadnais Heights $1,730 3 / 2 1,205 3.1 mi 2026-02-19 Apartment
828 Hazel St N, Saint Paul $1,600 3 / 2 — 3.3 mi 2025-01-03 Apartment
3600 Hoffman Rd, White Bear Lake $2,995 3 / 2 1,388 3.3 mi 2025-04-03 Apartment
1428 7th St E, Saint Paul $1,871 3 / 2 1,205 3.8 mi 2025-01-03 Apartment
1465 Minnehaha Ave E Apt 1, Saint Paul $1,200 3 / 1 950 3.9 mi — Apartment
115 East Ave, Mahtomedi $1,795 3 / 2 1,163 4.0 mi 2026-03-04 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 2506 7TH AVE E

Opportunities

  • Long time on market: room to negotiate. Based on: Listing data: 156 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.$8,942
Insurance / yr Estimateestimate. from units, square feet and age; get a quote$2,970
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 1887: +1 pt capital reserve8% / 9%

Status history

  • New at $525,000

From the listing Listing

Listed asduplex side x side
Property tax, 2025$8,942
CountyRamsey
Parcel number122922420082

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 North Saint Paul on rental licensing before you buy.

Nearest highway

MN 36, about 341 m away.