911 2nd Ave S

49 photos

Photos, via Realtor.com.

Asking price: $349,900
Monthly cash flow: −$372
Estimated rent: $2,950/mo
Break-even price: $279,932

Adjust the numbers See the full breakdown

From the listing

Rare opportunity to own a fully leased duplex in Buffalo with $34,140 in scheduled annual rental income! This well-maintained property offers two spacious units, strong rental history, and significant recent improvements. The upper unit features 3 bedrooms, 2 bathrooms, in-unit laundry, and is leased at $1,595/month through May 2027, with a scheduled increase to $1,645/month. The lower unit offers 1 bedroom plus den, 2 bathrooms, in-unit laundry, and has a new one-year lease beginning October 2026 at $1,250/month. Major improvements include new roof and siding (2024), new garage door (2024), newer windows, updated flooring in both units, and additional interior updates. Shared garage and separate entrances. Convenient Buffalo location near downtown, schools, parks, shopping, restaurants, lakes, and easy access to Hwy 55 and Hwy 25. A rare opportunity to own a turnkey duplex with established rental income and limited competing duplex inventory. Lease and rental information available upon request. Agent owned.

Description from Realtor.com, MLS #7089211. 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: $349,900
Cash to close: $80,477
Price per unit: $174,950
GRM: 9.9

Each month

Cash flow: −$372/mo
Cash-on-cash: −5.6%
Cap rate: 5.1%
DSCR: 0.80×

Break-even

Price that breaks even: $279,932
Rent that breaks even: $3,427/mo

Long run

Year 30: property vs stocks: $1.06M vs $743K
Cash flow turns positive: year 10

Monthly

Monthly breakdown

Rent	$2,950
Vacancy (6%)	−$177
Collected	$2,773
Property tax Listing	−$381
Insurance Estimate	−$200
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$236
Capital reserve (8% of rent)	−$236
Net operating income	$1,490
Mortgage (principal + interest)	−$1,862
Cash flow	−$372
Principal paid down (equity, not cash)	$237

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	$849,299
Minus 6% selling cost	−$50,958
Minus loan still owedTenants' rent paid down all $314,910 of principal by year 30	$0
Plus rental profits, invested at 7%$109,397 of profit by year 30, before investment growth	$157,998
What you'd walk away with	$956,339
If you put the same money in stocks
Cash to close ($45,487) invested at 7%	$346,259
Monthly shortfalls ($61,873 total by yr 30) investedThe money you'd have put into the building while it lost money	$350,888
What you'd walk away with	$697,147
Building minus stocks	$259,192

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$849,299
Minus 6% selling cost	−$50,958
Minus loan still owedTenants' rent paid down all $314,910 of principal by year 30	$0
Plus rental profits, invested at 7%$31,136 of profit by year 30, before investment growth	$37,511
What you'd walk away with	$835,852
If you put the same money in stocks
Cash to close ($45,487) invested at 7%	$346,259
Monthly shortfalls ($126,093 total by yr 30) investedThe money you'd have put into the building while it lost money	$618,606
What you'd walk away with	$964,865
Building minus stocks	−$129,013

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,027
Minus 6% selling cost	−$49,502
Minus loan still owedTenants' rent paid down all $305,910 of principal by year 30	$0
Plus rental profits, invested at 7%$121,850 of profit by year 30, before investment growth	$180,910
What you'd walk away with	$956,435
If you put the same money in stocks
Cash to close ($44,187) invested at 7%	$336,363
Monthly shortfalls ($52,501 total by yr 30) investedThe money you'd have put into the building while it lost money	$304,187
What you'd walk away with	$640,549
Building minus stocks	$315,886

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,027
Minus 6% selling cost	−$49,502
Minus loan still owedTenants' rent paid down all $305,910 of principal by year 30	$0
Plus rental profits, invested at 7%$38,307 of profit by year 30, before investment growth	$47,416
What you'd walk away with	$822,941
If you put the same money in stocks
Cash to close ($44,187) invested at 7%	$336,363
Monthly shortfalls ($111,437 total by yr 30) investedThe money you'd have put into the building while it lost money	$558,898
What you'd walk away with	$895,261
Building minus stocks	−$72,320

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$849,299
Minus 6% selling cost	−$50,958
Minus loan still owedTenants' rent paid down all $279,920 of principal by year 30	$0
Plus rental profits, invested at 7%$162,309 of profit by year 30, before investment growth	$262,413
What you'd walk away with	$1,060,754
If you put the same money in stocks
Cash to close ($80,477) invested at 7%	$612,611
Monthly shortfalls ($21,533 total by yr 30) investedThe money you'd have put into the building while it lost money	$130,531
What you'd walk away with	$743,142
Building minus stocks	$317,612

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$849,299
Minus 6% selling cost	−$50,958
Minus loan still owedTenants' rent paid down all $279,920 of principal by year 30	$0
Plus rental profits, invested at 7%$63,765 of profit by year 30, before investment growth	$85,924
What you'd walk away with	$884,265
If you put the same money in stocks
Cash to close ($80,477) invested at 7%	$612,611
Monthly shortfalls ($65,470 total by yr 30) investedThe money you'd have put into the building while it lost money	$342,248
What you'd walk away with	$954,859
Building minus stocks	−$70,594

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,027
Minus 6% selling cost	−$49,502
Minus loan still owedTenants' rent paid down all $271,920 of principal by year 30	$0
Plus rental profits, invested at 7%$176,174 of profit by year 30, before investment growth	$292,941
What you'd walk away with	$1,068,466
If you put the same money in stocks
Cash to close ($78,177) invested at 7%	$595,103
Monthly shortfalls ($16,238 total by yr 30) investedThe money you'd have put into the building while it lost money	$100,728
What you'd walk away with	$695,831
Building minus stocks	$372,635

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,027
Minus 6% selling cost	−$49,502
Minus loan still owedTenants' rent paid down all $271,920 of principal by year 30	$0
Plus rental profits, invested at 7%$73,044 of profit by year 30, before investment growth	$101,197
What you'd walk away with	$876,722
If you put the same money in stocks
Cash to close ($78,177) invested at 7%	$595,103
Monthly shortfalls ($55,589 total by yr 30) investedThe money you'd have put into the building while it lost money	$297,189
What you'd walk away with	$892,293
Building minus stocks	−$15,571

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$849,299
Minus 6% selling cost	−$50,958
Minus loan still owedTenants' rent paid down all $262,425 of principal by year 30	$0
Plus rental profits, invested at 7%$193,531 of profit by year 30, before investment growth	$333,119
What you'd walk away with	$1,131,460
If you put the same money in stocks
Cash to close ($97,972) invested at 7%	$745,788
Monthly shortfalls ($10,853 total by yr 30) investedThe money you'd have put into the building while it lost money	$69,300
What you'd walk away with	$815,088
Building minus stocks	$316,372

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$849,299
Minus 6% selling cost	−$50,958
Minus loan still owedTenants' rent paid down all $262,425 of principal by year 30	$0
Plus rental profits, invested at 7%$84,945 of profit by year 30, before investment growth	$121,707
What you'd walk away with	$920,049
If you put the same money in stocks
Cash to close ($97,972) invested at 7%	$745,788
Monthly shortfalls ($44,748 total by yr 30) investedThe money you'd have put into the building while it lost money	$246,095
What you'd walk away with	$991,882
Building minus stocks	−$71,833

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,027
Minus 6% selling cost	−$49,502
Minus loan still owedTenants' rent paid down all $254,925 of principal by year 30	$0
Plus rental profits, invested at 7%$207,999 of profit by year 30, before investment growth	$368,450
What you'd walk away with	$1,143,975
If you put the same money in stocks
Cash to close ($95,172) invested at 7%	$724,474
Monthly shortfalls ($7,358 total by yr 30) investedThe money you'd have put into the building while it lost money	$48,071
What you'd walk away with	$772,544
Building minus stocks	$371,431

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,027
Minus 6% selling cost	−$49,502
Minus loan still owedTenants' rent paid down all $254,925 of principal by year 30	$0
Plus rental profits, invested at 7%$95,141 of profit by year 30, before investment growth	$140,231
What you'd walk away with	$915,756
If you put the same money in stocks
Cash to close ($95,172) invested at 7%	$724,474
Monthly shortfalls ($36,981 total by yr 30) investedThe money you'd have put into the building while it lost money	$208,058
What you'd walk away with	$932,532
Building minus stocks	−$16,776

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 $1.06M, stocks $743K. 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.

3 bed estimate $1,550/mo · range $1,350–$1,775 · 141 rentals across Greater Minnesota

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
1255 Edmonson Ave NE, Monticello	$1,890	3 / 2	1,393	10.0 mi	2025-04-29	Apartment
2205 Meadow Oak Ave, Monticello	$2,010	3 / 2	1,410	10.4 mi	2024-06-11	Apartment
10740 County Road 37 NE, Albertville	$1,845	3 / 2	1,092	11.6 mi	2025-11-17	Apartment
19591 Station St, Big Lake	$1,695	3 / 2	1,210	13.7 mi	2025-01-03	Apartment
1227 School St NE, Elk River	$1,750	3 / 1	947	17.9 mi	2026-03-13	Apartment
4222 Clearwater Rd, Saint Cloud	$1,225	3 / 2	1,400	26.9 mi	2025-01-03	Apartment
4010 Clearwater Rd, Saint Cloud	$1,875	3 / 2	1,194	27.4 mi	2024-04-12	Apartment
1812 16th St SE, Saint Cloud	$1,275	3 / 1	1,100	29.6 mi	2025-05-02	Apartment
1700 University Dr SE, Saint Cloud	$1,300	3 / 1	980	29.7 mi	2026-08-21	Apartment
1615 15th Ave SE, Saint Cloud	$2,317	3 / 2.5	1,675	29.7 mi	2026-03-25	Apartment

1 bed estimate $1,400/mo · range $1,300–$1,600 · 11 rentals in Wright County

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
151 5th St NE, Buffalo	$1,195	1 / 1	600	1.4 mi	2026-09-23	Apartment
415 9th St NE, Buffalo	$1,250	1 / 1	750	1.6 mi	2026-07-01	Apartment
1506 Anderson Ave, Buffalo	$995	1 / 1	900	2.5 mi	2025-06-30	Apartment
1255 Edmonson Ave NE, Monticello	$1,330	1 / 1	840	10.0 mi	2025-04-29	Apartment
708 7th St NW, Monticello	$1,215	1 / 1	850	10.5 mi	2025-04-03	Apartment
212 Locust St, Monticello	$1,525	1 / 1	710	10.9 mi	2025-05-06	Apartment
204 Locust St, Monticello	$1,299	1 / 1	900	10.9 mi	2026-07-30	Apartment
11833 Frankfort Pkwy NE Apt 213, Saint Michael	$1,515	1 / 1	702	11.7 mi	—	Apartment
11910 Town Center Dr NE, Saint Michael	$1,625	1 / 1	756	11.8 mi	2024-06-15	Apartment
11877 Frankfort Pkwy NE Apt 210, Saint Michael	$1,515	1 / 1	685	11.8 mi	—	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 911 2ND AVE S

Opportunities

Long time on market: room to negotiate. Based on: Listing data: 119 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 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.	$4,576
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,397
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

2026-06-08New at $349,900

From the listing Listing

Listed as	duplex up and down
Property tax, 2026	$4,576
County	Wright
Parcel number	103034001120

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 Buffalo on rental licensing before you buy.