7093 146th St W · Apple Valley, MN 55124

$234,900

4 bd · 2.0 ba · 1,120 sqft · Townhouse public records · 14 Days on market

Built 1971 1,393 sqft lot $265/mo HOA · 11% of rent

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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 +17.4/30.0
• ARV discount +7.5/15.0
• 1% rule +5.6/10.0
• DSCR +5.4/10.0
• Schools +4.9/10.0
• Livability +4.3/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Gorgeous Remodeled Townhome! Seller spent $1000's in upgrades. Seller used 2nd bedroom as walk-in closet. This house is conveniently located. Easy access to Cedar Ave. Close to nearby parks, schools and shopping centers. Buyer and agent to verify all measurements. A rare opportunity!

Key facts

• Newer furnace
• Attached garage
• Large backyard

Tags

• MOVE IN READY
• NEWER FURNACE
• NEWER WATER HEATER
• LARGE BACKYARD
• MATURE TREES
• ATTACHED GARAGE

Property features AI

Finance

• Other: Living area approximately 1,120 sq ft (600 above grade, 520 below grade)
• HOA & community: HOA managed by RSP Management; Monthly association fee of $265 covering lawn care, snow removal, professional management and other services

Exterior

• Parking: Attached garage (1 car), approximately 12 x 25
• Utilities: City water connected; City sewer connected; Natural gas
• Home design: Residential property; Attached property; Split entry (bi-level) with multiple levels
• Construction: Other foundation
• Exterior features: Vinyl exterior; Deck

Interior

• Kitchen: Kitchen (upper level)
• Bedrooms: 2 bedrooms (one on lower level, one on lower level); Additional flex room
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Finished basement; Split entry (bi-level) layout

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath townhouse listed at $235k.

Deal economics

• At list price, monthly cash flow is $176 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $235k).
• Cap rate 7.2% vs local median 4.0% in Apple Valley — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 86/100 on livability (#10 in MN, #379 nationally) — a professional / high-income tenant draw. Strengths: commute A+, employment A+, housing A+; Watch: amenities F.
• Rosemount-Apple Valley-Eagan (suburban): math 50% / reading 58% proficiency, ranked #58 of 301 in MN (top 19%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 18% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising (+3.3%/yr); 277 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 2,134 units permitted in Dakota County in 2024 (898 in 5+ unit buildings).
• This rent runs 31% of the median local income ($98k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Dakota County population projected at +11% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 2y ago; this cycle's ask has dropped $41k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $234,900

Questions for the listing agent

1. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. 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.
6. 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.
7. 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: 1.06% ✓
• Cap rate: 7.19%
• Cash-on-cash: 3.20%
• DSCR: 1.14
• GRM: 7.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.27% rent growth · sell at horizon

5-year hold

• IRR: -10.9%
• Equity multiple: 0.60×
• Total profit: $-26,064
• Equity at exit: $35,024

10-year hold

• IRR: -1.1%
• Equity multiple: 0.93×
• Total profit: $-4,921
• Equity at exit: $20,310

Cash invested: $65,772 (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 55124

• Rents YoY: 3.3%
• Active inventory: 277
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $2,493 high
• Mortgage (P&I): −$1,232
• Tax from tax record: −$199 /mo · $2,390/yr
• Insurance: −$98
• HOA: −$265
• Vacancy / Maint / Mgmt: −$524
• Net cashflow: $176

Break-even live

Break-even rent $2,271

Max offer price $234,900

Occupancy floor 88%

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: $58,725
• Closing costs: $7,047
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14650 Foliage Ave Saint Paul, MN	3.0	1.0–2.0	978	$2,661	$2.72	3d	23	0.54mi
6859 152nd St W Apple Valley, MN	1.0–3.0	1.0–2.0	1062	$2,470	$2.32	2d	10	0.63mi
15600 Galaxie Ave Saint Paul, MN	1.0–3.0	1.0–2.0	1244	$1,935	$1.55	4d	4	0.98mi
15734 Foliage Ave Saint Paul, MN	1.0–3.0	1.0–2.0	1042	$2,136	$2.05	2d	13	1.22mi
7472 157th St W Apple Valley, MN	1.0–3.0	1.0–2.0	1031	$1,750	$1.70	2d	2	1.30mi
15782 Flackwood Trl Apple Valley, MN	3.0	1.5	1400	$1,995	$1.43	20d	1	1.45mi

HOA detail

• Monthly dues: $265 · $3,180/yr

Listing history 22 events

1. 2026-06-18
   days on market $234,900 Active 14 DOM
2. 2026-06-17
   days on market $234,900 Active 13 DOM
3. 2026-06-16
   days on market $234,900 Active 12 DOM
4. 2026-06-15
   days on market $234,900 Active 11 DOM
5. 2026-06-13
   days on market $234,900 Active 9 DOM
6. 2026-06-13
   days on market $234,900 Active 8 DOM
7. 2026-06-09
   days on market $234,900 Active 5 DOM
8. 2026-06-08
   days on market $234,900 Active 4 DOM
9. 2026-06-07
   days on market $234,900 Active 3 DOM
10. 2026-06-04
    remarks 677-char remark
11. 2026-06-04
    pricedays on marketlisting id $234,900 Active 1 DOM
12. 2026-06-01
    days on market $249,000 Active 67 DOM
13. 2026-05-31
    days on market $249,000 Active 66 DOM
14. 2026-05-07
    price $249,000
15. 2026-04-14
    price $255,000
16. 2026-03-26
    listed $276,000 Active
17. 2024-07-31
    soldstatus $228,000
18. 2024-06-28
    soldstatus $228,000 Sold 284-char remark

    Show marketing remark (284 chars)

    Gorgeous Remodeled Townhome! Seller spent $1000's in upgrades. Seller used 2nd bedroom as walk-in closet. This house is conveniently located. Easy access to Cedar Ave. Close to nearby parks, schools and shopping centers. Buyer and agent to verify all measurements. A rare opportunity!

19. 2024-06-08
    status Pending 284-char remark

    Show marketing remark (284 chars)

    Gorgeous Remodeled Townhome! Seller spent $1000's in upgrades. Seller used 2nd bedroom as walk-in closet. This house is conveniently located. Easy access to Cedar Ave. Close to nearby parks, schools and shopping centers. Buyer and agent to verify all measurements. A rare opportunity!

20. 2024-04-21
    historical Contingent - Subject to Statutory Rescission 284-char remark

    Show marketing remark (284 chars)

    Gorgeous Remodeled Townhome! Seller spent $1000's in upgrades. Seller used 2nd bedroom as walk-in closet. This house is conveniently located. Easy access to Cedar Ave. Close to nearby parks, schools and shopping centers. Buyer and agent to verify all measurements. A rare opportunity!

21. 2024-04-15
    listed $225,000 Active 284-char remark

    Show marketing remark (284 chars)

    Gorgeous Remodeled Townhome! Seller spent $1000's in upgrades. Seller used 2nd bedroom as walk-in closet. This house is conveniently located. Easy access to Cedar Ave. Close to nearby parks, schools and shopping centers. Buyer and agent to verify all measurements. A rare opportunity!

22. 1989-05-01
    soldstatus $52,000

ⓘ 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: $2,390 · $199/mo
• Projected year-2 tax: $2,510 · $209/mo
• Expected delta: +$120/yr (+$10/mo · 5.0%)

ⓘ 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 ≥99°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: $29,915
• − Mortgage interest: −$13,158
• − Property taxes: −$2,390
• − Insurance: −$1,174
• − Repairs & maintenance: −$2,393
• − Management: −$2,393
• − HOA: −$3,180
• − Depreciation: −$6,833
• Taxable loss: −$1,607
• Est. tax savings @ 24.0%: +$386
• After-tax cash flow: $2,492/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: Rosemount-Apple Valley-Eagan
• NCES district ID: 2732390
• Math proficiency: 50% ▼ -14.00%
• Reading proficiency: 58% ▼ -7.00%
• Median HH income: $85,559
• Composite: 49.48/100
• National rank: #2000
• State rank: #58 of 301 in MN

Livability — Apple Valley

• Score: 86/100
• State rank: #10
• US rank: #379

Category grades

Amenities F Commute A+ Cost of living C Crime B Employment A+ Housing A+ Health & safety A User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Apple Valley, MN
• County: Dakota County · 417,704 people
• City population: 55,658
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• Population (ZIP): 55,658
• Household income: $97,727
• Rent vs Own: 26.5% rent · 73.5% own
• Severe rent burden: 1406.0

Population outlook (Dakota County) Hauer SSP2

• Today (2025): 450,671 people
• By 2030: 465,068 · +3.2%
• By 2040: 486,770 · +8.0%
• By 2050: 498,743 · +10.7%
• By 2075: 533,865 · +18.5%
• By 2100: 550,133 · +22.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Black 10% Two or more races 9% Hispanic / Latino 7% Asian 6%
• Hispanic origin (detail): Mexican 4% Dominican 1%
• Common ancestry: Portuguese 10% Romanian 3% Italian 3%
• Foreign-born: 12% · Canada, China, Vietnam
• Languages at home: 85% English-only · Spanish 5% Other Asian/Pacific 2% Other Indo-European 1%

Political lean MEDSL · Dakota

• 2024 margin: D (+12.9) · D 55.4% · R 42.5% · Other 2.1%
• 2008→2024 swing: +7.4pp toward D · 2008: 5.5pp · 2024: 12.9pp
• All cycles: 2024: D+12.9 2020: D+13.9 2016: D+4.7 2012: D+2.9 2008: D+5.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -275.56%
• Current HPI: 227.4734
• Rent YoY: ▲ 3.27%
• 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

+378.8% since first listed

9 events — show timeline

• 2026-05-07 Price Changed $249,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-14 Price Changed $255,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-03-26 Listed $276,000 NORTHSTARMLS as Distributed by MLS Grid
• 2024-07-31 Sold (Public Records) $228,000 Public Records
• 2024-06-28 Sold (MLS) $228,000 NORTHSTARMLS as Distributed by MLS Grid
• 2024-06-08 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2024-04-21 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2024-04-15 Listed $225,000 NORTHSTARMLS as Distributed by MLS Grid
• 1989-05-01 Sold (Public Records) $52,000 Public Records

Property tax history

+5.6%/yr

Latest (2025): $2,390 · +44.3% YoY. Source: county tax records.