633 Parkway Dr · St. Paul, MN 55106

$138,500

2 bd · 1.0 ba · 845 sqft · SingleFamily public records · 29 Days on market

Built 1909 4,399 sqft lot

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +22.7/30.0
• ARV discount +7.5/15.0
• DSCR +7.3/10.0
• 1% rule +6.4/10.0
• Rent growth +4.1/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

An enticing investment beckons in Saint Paul—a 1.5-story home brimming with potential. Boasting 2 bedrooms and 1 bathroom, this property offers a cozy yet spacious living environment. The large kitchen is a focal point, providing ample room for culinary creativity and gatherings. The location within Saint Paul ensures convenient access to local amenities, schools, and transportation routes. Whether you're a savvy investor seeking promising returns or a homeowner looking to create a personalized haven, this property provides a canvas for your aspirations. Take advantage of this investment prospect and unlock the potential of a 1.5-story gem in the heart of Saint Paul.

Key facts

• Walkout basement
• 4,399 sq ft lot
• Built 1909

Tags

• UNFINISHED UPPER LEVEL
• WALKOUT BASEMENT
• MINUTES FROM MAJOR INTERSTATES

Property features AI

Finance

• Other: Lot approximately 0.101 acres (41 x 128) with city street frontage, sidewalks, street lights and storm sewer; public maintained road

Exterior

• Parking: Concrete parking
• Utilities: City water (connected); City sewer (connected); Natural gas
• Home design: Residential property; One and one-half stories; Block foundation
• Construction: Above-grade and below-grade living areas; Above-grade finished area and main level finished area present
• Exterior features: Other exterior features

Interior

• Kitchen: Kitchen on main level with range and refrigerator
• Bedrooms: 2 bedrooms (both on the main level)
• Bathrooms: 1 full bathroom (main floor)
• Heating & cooling: Forced air heating; No central air
• Interior features: Range; Refrigerator; Full basement
• Laundry & utility: Laundry located in the basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $138k.

Deal economics

• At list price, monthly cash flow is $238 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $138k).
• Recommended offer: $136k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• St. Paul Public School District (urban): math 21% / reading 33% proficiency, ranked #270 of 301 in MN (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+6.3%/yr); 255 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,202 units permitted in Ramsey County in 2024 (880 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $958 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Ramsey County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 6.3% rent growth), your $39k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 12y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $105k; 32% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1909 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $136,422 (1.5% below list)

Questions for the listing agent

1. Built in 1909 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
4. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
5. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.14% ✓
• Cap rate: 8.36%
• Cash-on-cash: 7.36%
• DSCR: 1.33
• GRM: 7.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 6.26% rent growth · sell at horizon

5-year hold

• IRR: -1.2%
• Equity multiple: 0.95×
• Total profit: $-1,884
• Equity at exit: $20,651

10-year hold

• IRR: 11.8%
• Equity multiple: 2.07×
• Total profit: $41,559
• Equity at exit: $11,975

Cash invested: $38,780 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 46 Balanced
• State Minnesota: 46 Balanced · D+2
• County: — inherits STATE
• City: — inherits STATE

2024 reforms strengthened tenant protections; ramsey/hennepin courts paced moderate to slow.

Methodology + full state rankings →

ZIP-level market 55106

• Rents YoY: 6.3%
• Active inventory: 255
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,578 high
• Mortgage (P&I): −$726
• Tax from tax record: −$225 /mo · $2,696/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$331
• Net cashflow: $238

Break-even live

Break-even rent $1,277

Max offer price $138,500

Occupancy floor 80%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $34,625
• Closing costs: $4,155
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
321 Larpenteur Ave E Maplewood, MN	1.0–2.0	1.0	755	$1,250	$1.66	43d	2	0.68mi
1901 Desoto St Saint Paul, MN	1.0–2.0	1.0–2.0	904	$1,725	$1.91	24d	8	0.88mi
479 Skillman Ave E Maplewood, MN	2.0	1.0	750	$1,505	$2.01	43d	13	1.15mi
2093 Bradley St Maplewood, MN	2.0–3.0	1.5	1250	$1,995	$1.60	12d	2	1.21mi
1160 Frost Ave Saint Paul, MN	3.0	1.0–2.0	1035	$2,552	$2.46	1d	4	1.41mi

Listing history 32 events

1. 2026-06-13
   days on market $138,500 Active 29 DOM
2. 2026-06-09
   days on market $138,500 Active 25 DOM
3. 2026-06-08
   days on market $138,500 Active 24 DOM
4. 2026-06-07
   days on market $138,500 Active 23 DOM
5. 2026-06-04
   days on market $138,500 Active 20 DOM
6. 2026-06-03
   days on market $138,500 Active 19 DOM
7. 2026-06-02
   days on market $138,500 Active 18 DOM
8. 2026-06-01
   days on market $138,500 Active 17 DOM
9. 2026-05-31
   days on market $138,500 Active 16 DOM
10. 2026-05-15
    listed $138,500 Active 474-char remark
11. 2026-05-08
    historical
12. 2026-05-06
    historical Contingent - Inspection
13. 2026-02-16
    listed $138,500 Active
14. 2024-01-26
    soldstatus $105,000 Sold

    Show marketing remark (681 chars)

    An enticing investment beckons in Saint Paul—a 1.5-story home brimming with potential. Boasting 2 bedrooms and 1 bathroom, this property offers a cozy yet spacious living environment. The large kitchen is a focal point, providing ample room for culinary creativity and gatherings. The location within Saint Paul ensures convenient access to local amenities, schools, and transportation routes. Whether you're a savvy investor seeking promising returns or a homeowner looking to create a personalized haven, this property provides a canvas for your aspirations. Take advantage of this investment prospect and unlock the potential of a 1.5-story gem in the heart of Saint Paul.

15. 2024-01-09
    status Pending

    Show marketing remark (681 chars)

    An enticing investment beckons in Saint Paul—a 1.5-story home brimming with potential. Boasting 2 bedrooms and 1 bathroom, this property offers a cozy yet spacious living environment. The large kitchen is a focal point, providing ample room for culinary creativity and gatherings. The location within Saint Paul ensures convenient access to local amenities, schools, and transportation routes. Whether you're a savvy investor seeking promising returns or a homeowner looking to create a personalized haven, this property provides a canvas for your aspirations. Take advantage of this investment prospect and unlock the potential of a 1.5-story gem in the heart of Saint Paul.

16. 2023-12-12
    historical Contingent - Inspection

    Show marketing remark (681 chars)

    An enticing investment beckons in Saint Paul—a 1.5-story home brimming with potential. Boasting 2 bedrooms and 1 bathroom, this property offers a cozy yet spacious living environment. The large kitchen is a focal point, providing ample room for culinary creativity and gatherings. The location within Saint Paul ensures convenient access to local amenities, schools, and transportation routes. Whether you're a savvy investor seeking promising returns or a homeowner looking to create a personalized haven, this property provides a canvas for your aspirations. Take advantage of this investment prospect and unlock the potential of a 1.5-story gem in the heart of Saint Paul.

17. 2023-11-22
    price $109,900

    Show marketing remark (681 chars)

    An enticing investment beckons in Saint Paul—a 1.5-story home brimming with potential. Boasting 2 bedrooms and 1 bathroom, this property offers a cozy yet spacious living environment. The large kitchen is a focal point, providing ample room for culinary creativity and gatherings. The location within Saint Paul ensures convenient access to local amenities, schools, and transportation routes. Whether you're a savvy investor seeking promising returns or a homeowner looking to create a personalized haven, this property provides a canvas for your aspirations. Take advantage of this investment prospect and unlock the potential of a 1.5-story gem in the heart of Saint Paul.

18. 2023-11-10
    price $119,900

    Show marketing remark (681 chars)

    An enticing investment beckons in Saint Paul—a 1.5-story home brimming with potential. Boasting 2 bedrooms and 1 bathroom, this property offers a cozy yet spacious living environment. The large kitchen is a focal point, providing ample room for culinary creativity and gatherings. The location within Saint Paul ensures convenient access to local amenities, schools, and transportation routes. Whether you're a savvy investor seeking promising returns or a homeowner looking to create a personalized haven, this property provides a canvas for your aspirations. Take advantage of this investment prospect and unlock the potential of a 1.5-story gem in the heart of Saint Paul.

19. 2023-09-29
    price $129,900

    Show marketing remark (681 chars)

    An enticing investment beckons in Saint Paul—a 1.5-story home brimming with potential. Boasting 2 bedrooms and 1 bathroom, this property offers a cozy yet spacious living environment. The large kitchen is a focal point, providing ample room for culinary creativity and gatherings. The location within Saint Paul ensures convenient access to local amenities, schools, and transportation routes. Whether you're a savvy investor seeking promising returns or a homeowner looking to create a personalized haven, this property provides a canvas for your aspirations. Take advantage of this investment prospect and unlock the potential of a 1.5-story gem in the heart of Saint Paul.

20. 2023-09-15
    price $139,900

    Show marketing remark (681 chars)

    An enticing investment beckons in Saint Paul—a 1.5-story home brimming with potential. Boasting 2 bedrooms and 1 bathroom, this property offers a cozy yet spacious living environment. The large kitchen is a focal point, providing ample room for culinary creativity and gatherings. The location within Saint Paul ensures convenient access to local amenities, schools, and transportation routes. Whether you're a savvy investor seeking promising returns or a homeowner looking to create a personalized haven, this property provides a canvas for your aspirations. Take advantage of this investment prospect and unlock the potential of a 1.5-story gem in the heart of Saint Paul.

21. 2023-08-23
    listed $149,900 Active

    Show marketing remark (681 chars)

    An enticing investment beckons in Saint Paul—a 1.5-story home brimming with potential. Boasting 2 bedrooms and 1 bathroom, this property offers a cozy yet spacious living environment. The large kitchen is a focal point, providing ample room for culinary creativity and gatherings. The location within Saint Paul ensures convenient access to local amenities, schools, and transportation routes. Whether you're a savvy investor seeking promising returns or a homeowner looking to create a personalized haven, this property provides a canvas for your aspirations. Take advantage of this investment prospect and unlock the potential of a 1.5-story gem in the heart of Saint Paul.

22. 2023-07-17
    soldstatus $500
23. 2023-07-17
    soldstatus $500
24. 2018-09-20
    soldstatus $19,857,976
25. 2014-08-18
    soldstatus $75,500
26. 2014-07-24
    soldstatus $75,500 Sold
27. 2014-07-24
    soldstatus $75,500
28. 2014-07-24
    soldstatus $75,500
29. 2014-07-14
    status Pending
30. 2014-06-24
    listed $84,900 Active
31. 2014-06-24
    listed $84,900
32. 2014-06-24
    listed $84,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MN · Partial reset (capped growth)

• Current annual tax: $2,696 · $225/mo
• Projected year-2 tax: $2,696 · $225/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥100°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,937
• − Mortgage interest: −$7,758
• − Property taxes: −$2,696
• − Insurance: −$692
• − Repairs & maintenance: −$1,515
• − Management: −$1,515
• − Depreciation: −$4,029
• Taxable income: $731
• Est. tax owed @ 24.0%: −$176
• After-tax cash flow: $2,680/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: St. Paul Public School District
• NCES district ID: 2733840
• Math proficiency: 21% ▼ -11.00%
• Reading proficiency: 33% ▼ -7.00%
• Median HH income: $48,316
• Composite: 23.51/100
• National rank: #7868
• State rank: #270 of 301 in MN

Livability — St. Paul

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: St. Paul, MN
• County: Ramsey County · 542,837 people
• City population: 280,599
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• Population (ZIP): 56,708
• Household income: $70,187
• Rent vs Own: 38.9% rent · 61.1% own
• Severe rent burden: 2046.0

Population outlook (Ramsey County) Hauer SSP2

• Today (2025): 603,431 people
• By 2030: 636,459 · +5.5%
• By 2040: 700,596 · +16.1%
• By 2050: 765,819 · +26.9%
• By 2075: 929,297 · +54.0%
• By 2100: 1,053,924 · +74.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.75)
• Race & ethnicity: Asian 34% White 32% Black 15% Hispanic / Latino 11% Two or more races 10%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Portuguese 4% Lithuanian 2% Romanian 2%
• Foreign-born: 25% · Canada, Philippines, Vietnam
• Languages at home: 59% English-only · Other Asian/Pacific 27% Spanish 9% French/Haitian/Cajun 1%

Political lean MEDSL · Ramsey

• 2024 margin: Solid D (+43.3) · D 70.5% · R 27.2% · Other 2.3%
• 2008→2024 swing: +9.4pp toward D · 2008: 33.9pp · 2024: 43.3pp
• All cycles: 2024: D+43.3 2020: D+45.4 2016: D+39.4 2012: D+35.3 2008: D+33.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -239.48%
• Current HPI: 288.7205
• Rent YoY: ▲ 6.26%
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• State GDP YoY: ▲ 2.41%
• F500 in state: 34

Industry mix (Fortune 500 HQ in MN)

Industry	F500 HQs	Revenue
▸Healthcare	2	$407B
▸Retail	2	$150B
▸Consumer Goods	2	$32B
▸Industrial Machinery	2	$6B
▸Agriculture	1	$40B
▸Healthcare / Medical Devices	1	$32B

Price history

+63.1% since first listed

24 events — show timeline

• 2026-06-15 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-15 Listed $138,500 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-08 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-06 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2026-02-16 Listed $138,500 NORTHSTARMLS as Distributed by MLS Grid
• 2024-01-26 Sold (MLS) $105,000 NORTHSTARMLS as Distributed by MLS Grid
• 2024-01-09 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2023-12-12 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2023-11-22 Price Changed $109,900 NORTHSTARMLS as Distributed by MLS Grid
• 2023-11-10 Price Changed $119,900 NORTHSTARMLS as Distributed by MLS Grid
• 2023-09-29 Price Changed $129,900 NORTHSTARMLS as Distributed by MLS Grid
• 2023-09-15 Price Changed $139,900 NORTHSTARMLS as Distributed by MLS Grid
• 2023-08-23 Listed $149,900 NORTHSTARMLS as Distributed by MLS Grid
• 2023-07-17 Sold (Public Records) $500 Public Records
• 2023-07-17 Sold (Public Records) $500 Public Records
• 2018-09-20 Sold (Public Records) $19,857,976 Public Records
• 2014-08-18 Sold (Public Records) $75,500 Public Records
• 2014-07-24 Sold (MLS) $75,500 LSAR
• 2014-07-24 Sold (MLS) $75,500 RASM
• 2014-07-24 Sold (MLS) $75,500 NORTHSTARMLS as Distributed by MLS Grid
• 2014-07-14 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2014-06-24 Listed $84,900 NORTHSTARMLS as Distributed by MLS Grid
• 2014-06-24 Listed $84,900 LSAR
• 2014-06-24 Listed $84,900 RASM

Property tax history

+2.9%/yr

Latest (2025): $2,696 · -8.0% YoY. Source: county tax records.