6043 Brooklyn Blvd

Brooklyn Center, MN · View the listing ↗

Far off

37 photos

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

Asking price: $799,000
Monthly cash flow: −$2,024
Estimated rent: $5,700/mo
Break-even price: $418,697

Adjust the numbers See the full breakdown

From the listing

- 2 Brand New Triplexes + 5 Triplex Development Lots - For Sale Individually or as a package(s) - See Recorded Plat with 7 total lots - each Triplex is now on its own parcel - $799,000 per Triplex - Purchase all 5 Land Parcels (1.03 Acres) for $500,000 total - 5 Additional Triplex Lots Fully Entitled: 5 development lots approved for 15 additional units - 21 Total Units at Full Buildout across seven triplex buildings - Shovel-Ready Development Opportunity: All discretionary approvals and entitlements have been secured - Completed Site Work & Infrastructure: Major roads, utilities, grading, and drainage improvements are already in place - Comprehensive Plans Included: Architectural drawings, civil engineering plans, and supporting development documents will transfer with the sale - Each triplex is 3,885 SF - 1,295 SF per unit/floor - spacious and functional residential layouts - Attractive Modern Interiors featuring contemporary kitchens, stainless-steel appliances, spacious living areas, and in-unit laundry - All 7 Parcels: 1.51 Acres total with 1.03 Acres of vacant land for development - Neighborhood Mixed-Use District Zoning supporting residential and compatible mixed-use development - Off-Street Paved Parking serving the completed buildings and future development - Ideal Investor or Developer Opportunity combining existing improvements with significant expansion potential - Reduced Development Risk & Timeline: Completed infrastructure, secured entitlements, and available plans allow a buyer to move efficiently toward vertical construction - Convenient Brooklyn Center Location near Highway 100, I94, I-694, neighborhood amenities, parks, restaurants, and major employment centers

Listing courtesy of RE/MAX Results (Mark Hulsey). Description from Realtor.com, MLS #7149773. 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: $799,000
Cash to close: $183,770
Price per unit: $266,333
GRM: 11.7

Each month

Cash flow: −$2,024/mo
Cash-on-cash: −13.2%
Cap rate: 3.3%
DSCR: 0.52×

Break-even

Price that breaks even: $418,697
Rent that breaks even: $8,329/mo

Long run

Year 30: property vs stocks: $1.83M vs $2.96M
Cash flow turns positive: year 28

Monthly

Monthly breakdown

Rent	$5,700
Vacancy (6%)	−$342
Collected	$5,358
Property tax Listing	−$1,540
Insurance Estimate	−$306
Water, sewer, trash Estimate	−$255
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (9% of rent)	−$513
Capital reserve (8% of rent)	−$456
Net operating income	$2,228
Mortgage (principal + interest)	−$4,253
Cash flow	−$2,024
Principal paid down (equity, not cash)	$541

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	$1,939,383
Minus 6% selling cost	−$116,363
Minus loan still owedTenants' rent paid down all $719,100 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	$1,823,020
If you put the same money in stocks
Cash to close ($103,870) invested at 7%	$790,685
Monthly shortfalls ($576,562 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,294,647
What you'd walk away with	$3,085,332
Building minus stocks	−$1,262,312

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,939,383
Minus 6% selling cost	−$116,363
Minus loan still owedTenants' rent paid down all $719,100 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	$1,823,020
If you put the same money in stocks
Cash to close ($103,870) invested at 7%	$790,685
Monthly shortfalls ($851,864 total by yr 30) investedThe money you'd have put into the building while it lost money	$3,044,740
What you'd walk away with	$3,835,425
Building minus stocks	−$2,012,405

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,915,110
Minus 6% selling cost	−$114,907
Minus loan still owedTenants' rent paid down all $710,100 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	$1,800,203
If you put the same money in stocks
Cash to close ($102,570) invested at 7%	$780,789
Monthly shortfalls ($554,736 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,225,034
What you'd walk away with	$3,005,823
Building minus stocks	−$1,205,620

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,915,110
Minus 6% selling cost	−$114,907
Minus loan still owedTenants' rent paid down all $710,100 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	$1,800,203
If you put the same money in stocks
Cash to close ($102,570) invested at 7%	$780,789
Monthly shortfalls ($830,038 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,975,127
What you'd walk away with	$3,755,916
Building minus stocks	−$1,955,713

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,939,383
Minus 6% selling cost	−$116,363
Minus loan still owedTenants' rent paid down all $639,200 of principal by year 30	$0
Plus rental profits, invested at 7%$4,639 of profit by year 30, before investment growth	$4,794
What you'd walk away with	$1,827,813
If you put the same money in stocks
Cash to close ($183,770) invested at 7%	$1,398,904
Monthly shortfalls ($368,260 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,557,822
What you'd walk away with	$2,956,726
Building minus stocks	−$1,128,913

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,939,383
Minus 6% selling cost	−$116,363
Minus loan still owedTenants' rent paid down all $639,200 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	$1,823,020
If you put the same money in stocks
Cash to close ($183,770) invested at 7%	$1,398,904
Monthly shortfalls ($638,923 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,303,121
What you'd walk away with	$3,702,025
Building minus stocks	−$1,879,005

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,915,110
Minus 6% selling cost	−$114,907
Minus loan still owedTenants' rent paid down all $631,200 of principal by year 30	$0
Plus rental profits, invested at 7%$6,555 of profit by year 30, before investment growth	$6,847
What you'd walk away with	$1,807,050
If you put the same money in stocks
Cash to close ($181,470) invested at 7%	$1,381,396
Monthly shortfalls ($351,016 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,499,544
What you'd walk away with	$2,880,940
Building minus stocks	−$1,073,890

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,915,110
Minus 6% selling cost	−$114,907
Minus loan still owedTenants' rent paid down all $631,200 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	$1,800,203
If you put the same money in stocks
Cash to close ($181,470) invested at 7%	$1,381,396
Monthly shortfalls ($619,762 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,242,789
What you'd walk away with	$3,624,185
Building minus stocks	−$1,823,982

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,939,383
Minus 6% selling cost	−$116,363
Minus loan still owedTenants' rent paid down all $599,250 of principal by year 30	$0
Plus rental profits, invested at 7%$17,720 of profit by year 30, before investment growth	$19,455
What you'd walk away with	$1,842,475
If you put the same money in stocks
Cash to close ($223,720) invested at 7%	$1,703,014
Monthly shortfalls ($285,658 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,271,205
What you'd walk away with	$2,974,218
Building minus stocks	−$1,131,743

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,939,383
Minus 6% selling cost	−$116,363
Minus loan still owedTenants' rent paid down all $599,250 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	$1,823,020
If you put the same money in stocks
Cash to close ($223,720) invested at 7%	$1,703,014
Monthly shortfalls ($543,239 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,001,842
What you'd walk away with	$3,704,855
Building minus stocks	−$1,881,835

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,915,110
Minus 6% selling cost	−$114,907
Minus loan still owedTenants' rent paid down all $591,750 of principal by year 30	$0
Plus rental profits, invested at 7%$21,313 of profit by year 30, before investment growth	$23,738
What you'd walk away with	$1,823,942
If you put the same money in stocks
Cash to close ($220,920) invested at 7%	$1,681,699
Monthly shortfalls ($271,287 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,218,927
What you'd walk away with	$2,900,627
Building minus stocks	−$1,076,685

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,915,110
Minus 6% selling cost	−$114,907
Minus loan still owedTenants' rent paid down all $591,750 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	$1,800,203
If you put the same money in stocks
Cash to close ($220,920) invested at 7%	$1,681,699
Monthly shortfalls ($525,276 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,945,281
What you'd walk away with	$3,626,981
Building minus stocks	−$1,826,778

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 $1.83M, stocks $2.96M. 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 $1,900/mo · range $1,725–$2,025 · 7 rentals within 2.5 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
6756 Grimes Pl N, Brooklyn Center	$1,850	3 / 1	1,000	0.9 mi	—	Apartment
6813 Grimes Pl N, Minneapolis	$1,850	3 / 1	1,000	0.9 mi	2026-04-16	Apartment
6808 Grimes Pl N, Brooklyn Center	$1,850	3 / 1	1,000	0.9 mi	—	Apartment
6455 Zane Ave N, Brooklyn Park	$1,975	3 / 2	1,540	1.5 mi	2025-10-24	Apartment
5800 69th Ave N, Minneapolis	$1,665	3 / 2.5	2,360	1.7 mi	2026-09-22	Apartment
708 66th Ave N, Brooklyn Center	$1,975	3 / 1.5	1,300	1.8 mi	2025-11-20	Apartment
7300 Bass Lake Rd, New Hope	$1,379	3 / 2	1,600	2.4 mi	2026-07-17	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 6043 BROOKLYN BLVD
mediumAsking is $380,303 above the price where cash flow breaks even ($418,697) at the default scenario. Based on: Derived: price $799,000 vs. break-even $418,697

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.	$18,475
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$3,671
Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid	$255
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. 9 bedrooms: +1 pt repairs for wear	9% / 8%

Status history

2026-09-24New at $799,000

From the listing Listing

Listed as	triplex
Property tax, 2026	$18,475
County	Hennepin

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 Brooklyn Center on rental licensing before you buy.

Nearest highway

MN 100, about 1431 m away.