4524 Fillmore St NE

Columbia Heights, MN · View the listing ↗

Far off

4 photos

Photos, via Realtor.com.

Asking price: $424,900
Monthly cash flow: −$1,146
Estimated rent: $2,700/mo
Break-even price: $209,546

Adjust the numbers See the full breakdown

From the listing

Great owner-occupant or investment opportunity! This well-configured duplex offers two separate upper-level units, each featuring 2 bedrooms, 1 bathroom, a living room, kitchen, and access to basement storage and laundry. The lower level offers an additional separate living space with 2 bedrooms, a kitchen, living area, and bathroom, providing excellent flexibility for an owner occupant, extended living arrangements, or additional rental potential, subject to applicable city and zoning requirements. An owner occupant may have the opportunity to live in the lower-level space while renting the two upper units, creating the potential to significantly offset-or potentially cover-mortgage expenses. With three distinct living areas, this property offers a variety of possibilities for investors and owner occupants alike. Currently classified and marketed as a duplex. New roof and newer boiler. The property does not have central air conditioning; window A/C units are used for cooling. Buyers and agents are encouraged to verify all measurements and dimensions. This home is being sold "As Is."

Description from Realtor.com, MLS #7145549. 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: $424,900
Cash to close: $97,727
Price per unit: $212,450
GRM: 13.1

Each month

Cash flow: −$1,146/mo
Cash-on-cash: −14.1%
Cap rate: 3.1%
DSCR: 0.49×

Break-even

Price that breaks even: $209,546
Rent that breaks even: $4,249/mo

Long run

Year 30: property vs stocks: $970K vs $1.65M
Cash flow turns positive: year 30

Monthly

Monthly breakdown

Rent	$2,700
Vacancy (6%)	−$162
Collected	$2,538
Property tax Listing	−$441
Insurance Estimate	−$212
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (10% of rent)	−$270
Capital reserve (10% of rent)	−$270
Net operating income	$1,115
Mortgage (principal + interest)	−$2,261
Cash flow	−$1,146
Principal paid down (equity, not cash)	$288

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	$1,031,344
Minus 6% selling cost	−$61,881
Minus loan still owedTenants' rent paid down all $382,410 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	$969,463
If you put the same money in stocks
Cash to close ($55,237) invested at 7%	$420,478
Monthly shortfalls ($333,523 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,304,312
What you'd walk away with	$1,724,790
Building minus stocks	−$755,327

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,031,344
Minus 6% selling cost	−$61,881
Minus loan still owedTenants' rent paid down all $382,410 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	$969,463
If you put the same money in stocks
Cash to close ($55,237) invested at 7%	$420,478
Monthly shortfalls ($463,929 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,659,619
What you'd walk away with	$2,080,097
Building minus stocks	−$1,110,634

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,007,071
Minus 6% selling cost	−$60,424
Minus loan still owedTenants' rent paid down all $373,410 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	$946,647
If you put the same money in stocks
Cash to close ($53,937) invested at 7%	$410,582
Monthly shortfalls ($311,698 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,234,699
What you'd walk away with	$1,645,281
Building minus stocks	−$698,634

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,007,071
Minus 6% selling cost	−$60,424
Minus loan still owedTenants' rent paid down all $373,410 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	$946,647
If you put the same money in stocks
Cash to close ($53,937) invested at 7%	$410,582
Monthly shortfalls ($442,104 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,590,006
What you'd walk away with	$2,000,588
Building minus stocks	−$1,053,941

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,031,344
Minus 6% selling cost	−$61,881
Minus loan still owedTenants' rent paid down all $339,920 of principal by year 30	$0
Plus rental profits, invested at 7%$637 of profit by year 30, before investment growth	$637
What you'd walk away with	$970,101
If you put the same money in stocks
Cash to close ($97,727) invested at 7%	$743,923
Monthly shortfalls ($220,921 total by yr 30) investedThe money you'd have put into the building while it lost money	$910,564
What you'd walk away with	$1,654,487
Building minus stocks	−$684,386

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,031,344
Minus 6% selling cost	−$61,881
Minus loan still owedTenants' rent paid down all $339,920 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	$969,463
If you put the same money in stocks
Cash to close ($97,727) invested at 7%	$743,923
Monthly shortfalls ($350,690 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,265,233
What you'd walk away with	$2,009,156
Building minus stocks	−$1,039,693

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,007,071
Minus 6% selling cost	−$60,424
Minus loan still owedTenants' rent paid down all $331,920 of principal by year 30	$0
Plus rental profits, invested at 7%$1,878 of profit by year 30, before investment growth	$1,920
What you'd walk away with	$948,567
If you put the same money in stocks
Cash to close ($95,427) invested at 7%	$726,415
Monthly shortfalls ($203,001 total by yr 30) investedThe money you'd have put into the building while it lost money	$851,516
What you'd walk away with	$1,577,930
Building minus stocks	−$629,363

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,007,071
Minus 6% selling cost	−$60,424
Minus loan still owedTenants' rent paid down all $331,920 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	$946,647
If you put the same money in stocks
Cash to close ($95,427) invested at 7%	$726,415
Monthly shortfalls ($331,529 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,204,902
What you'd walk away with	$1,931,317
Building minus stocks	−$984,670

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,031,344
Minus 6% selling cost	−$61,881
Minus loan still owedTenants' rent paid down all $318,675 of principal by year 30	$0
Plus rental profits, invested at 7%$5,349 of profit by year 30, before investment growth	$5,690
What you'd walk away with	$975,153
If you put the same money in stocks
Cash to close ($118,972) invested at 7%	$905,645
Monthly shortfalls ($174,749 total by yr 30) investedThe money you'd have put into the building while it lost money	$755,400
What you'd walk away with	$1,661,045
Building minus stocks	−$685,892

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,031,344
Minus 6% selling cost	−$61,881
Minus loan still owedTenants' rent paid down all $318,675 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	$969,463
If you put the same money in stocks
Cash to close ($118,972) invested at 7%	$905,645
Monthly shortfalls ($299,806 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,105,016
What you'd walk away with	$2,010,662
Building minus stocks	−$1,041,199

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,007,071
Minus 6% selling cost	−$60,424
Minus loan still owedTenants' rent paid down all $311,175 of principal by year 30	$0
Plus rental profits, invested at 7%$8,069 of profit by year 30, before investment growth	$8,774
What you'd walk away with	$955,421
If you put the same money in stocks
Cash to close ($116,172) invested at 7%	$884,331
Monthly shortfalls ($159,506 total by yr 30) investedThe money you'd have put into the building while it lost money	$701,923
What you'd walk away with	$1,586,254
Building minus stocks	−$630,833

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,007,071
Minus 6% selling cost	−$60,424
Minus loan still owedTenants' rent paid down all $311,175 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	$946,647
If you put the same money in stocks
Cash to close ($116,172) invested at 7%	$884,331
Monthly shortfalls ($281,843 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,048,456
What you'd walk away with	$1,932,787
Building minus stocks	−$986,140

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 $970K, stocks $1.65M. 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.

2 bed estimate $1,350/mo · range $1,250–$1,475 · 14 rentals within 1.5 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
1000 Peters Pl Apt 102, Columbia Heights	$1,250	2 / 1	850	0.8 mi	—	Apartment
1000 Peters Pl Apt 305, Columbia Heights	$1,150	2 / 1	800	0.8 mi	—	Apartment
1230 Cheri Ln NE, Fridley	$1,450	2 / 1.5	900	1.0 mi	2025-07-01	Apartment
265 Silver Lake Rd NW Apt 201, New Brighton	$1,295	2 / 1	900	1.2 mi	—	Apartment
3725 Stinson Blvd NE, Saint Anthony	$1,955	2 / 1	873	1.2 mi	2025-04-02	Apartment
2808 Silver Ln NE, Saint Anthony	$1,700	2 / 1	950	1.3 mi	2026-05-21	Apartment
2303 3rd St NW, New Brighton	$1,295	2 / 1	900	1.3 mi	2025-01-03	Apartment
228 40th Ave NE, Minneapolis	$1,300	2 / 1	800	1.3 mi	2026-04-09	Apartment
2130 County Road E, New Brighton	$1,399	2 / 1	950	1.3 mi	2026-07-15	Apartment
5460 7th St NE, Fridley	$1,150	2 / 1	775	1.4 mi	2025-07-01	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 4524 FILLMORE ST NE
mediumAsking is $215,354 above the price where cash flow breaks even ($209,546) at the default scenario. Based on: Derived: price $424,900 vs. break-even $209,546
mediumSold as-is: the seller won't fix what the inspection finds. Price that in. Listing says: "and dimensions. This home is being sold " As Is .""

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.	$5,290
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,542
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. "as is" in the description: +2 pts each	10% / 10%

Status history

2026-09-21New at $424,900

From the listing Listing

Listed as	duplex side x side
Property tax, 2026	$5,290
County	Anoka
Parcel number	253024330111

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 Columbia Heights on rental licensing before you buy.

Nearest highway

I 694, about 1751 m away.