227 Maryland Ave W · St. Paul, MN 55117

$249,900

3 bd · 1.5 ba · 1,454 sqft · SingleFamily public records · 67 Days on market

Built 1936 5,837 sqft lot $172/sqft · 29% below area Est $460k · 46% under

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Why this score? — see what drove the D 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).

• ARV discount +15.0/15.0
• Cash flow +11.3/30.0
• Rent growth +3.4/5.0
• DSCR +3.3/10.0
• 1% rule +3.2/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 1½-story stucco home on a corner lot, featuring original hardwood floors, two main-level bedrooms and an upstairs bedroom suite with a half bath plus extra room for future expansion. Updated kitchen with granite countertops and a generous back-foyer that works well as a mudroom or bright mini-sunroom. Finished basement provides additional living/entertainment space. Convenient location near shops, easy highway access, and just 5 minutes from Como Lake and Park. Move-in ready—schedule a showing and make it yours today.

Key facts

• Finished basement
• Updated kitchen
• Granite countertops

Tags

• CORNER LOT
• ORIGINAL HARDWOOD FLOORS
• UPSTAIRS BEDROOM SUITE
• UPDATED KITCHEN
• GRANITE COUNTERTOPS
• FINISHED BASEMENT

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $-93 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $233k (6.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $205k (17.9% below list).
• Recommended offer: $205k (17.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade D — 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 (+3.6%/yr); 170 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,202 units permitted in Ramsey County in 2024 (880 in 5+ unit buildings).
• This rent runs 35% of the median local income ($71k/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.
• Ramsey County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 67 days — a 6% lower offer ($235k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 11y ago; this cycle's ask has dropped $15k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $212k; 18% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1936 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $205,276 (17.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 67 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
3. Built in 1936 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 0.82% ✗
• Cap rate: 5.85%
• Cash-on-cash: -1.60%
• DSCR: 0.93
• GRM: 10.1

CMA / ARV

• ARV (median comp): $459,944
• List price: $249,900
• Delta: -45.67%
• Verdict: UNDERPRICED
• Comps: 3 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.6% rent growth · sell at horizon

5-year hold

• IRR: -18.3%
• Equity multiple: 0.35×
• Total profit: $-45,155
• Equity at exit: $37,261

10-year hold

• IRR: -9.4%
• Equity multiple: 0.40×
• Total profit: $-41,683
• Equity at exit: $21,607

Cash invested: $69,972 (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 55117

• Rents YoY: 3.6%
• Active inventory: 170
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $2,053 medium
• Mortgage (P&I): −$1,311
• Tax from tax record: −$300 /mo · $3,602/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$431
• Net cashflow: $-93

Break-even live

Break-even rent $2,171

Max offer price $233,451

Occupancy floor 100%

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: $62,475
• Closing costs: $7,497
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1443 Saint Albans St N Saint Paul, MN	4.0	2.0	1500	$2,700	$1.80	17d	1	1.04mi

Listing history 36 events

1. 2026-06-16
   days on market $249,900 Active 67 DOM
2. 2026-06-15
   days on market $249,900 Active 66 DOM
3. 2026-06-13
   days on market $249,900 Active 64 DOM
4. 2026-06-09
   days on market $249,900 Active 60 DOM
5. 2026-06-08
   days on market $249,900 Active 59 DOM
6. 2026-06-07
   days on market $249,900 Active 58 DOM
7. 2026-06-04
   days on market $249,900 Active 55 DOM
8. 2026-06-03
   days on market $249,900 Active 54 DOM
9. 2026-06-02
   days on market $249,900 Active 53 DOM
10. 2026-06-01
    days on market $249,900 Active 52 DOM
11. 2026-05-31
    days on market $249,900 Active 51 DOM
12. 2026-05-01
    price $249,900 545-char remark

    Show marketing remark (545 chars)

    Charming 1½-story stucco home on a corner lot, featuring original hardwood floors, two main-level bedrooms and an upstairs bedroom suite with a half bath plus extra room for future expansion. Updated kitchen with granite countertops and a generous back-foyer that works well as a mudroom or bright mini-sunroom. Finished basement provides additional living/entertainment space. Convenient location near shops, easy highway access, and just 5 minutes from Como Lake and Park. Move-in ready—schedule a showing and make it yours today.

13. 2026-04-10
    listed $265,000 Active 545-char remark

    Show marketing remark (545 chars)

    Charming 1½-story stucco home on a corner lot, featuring original hardwood floors, two main-level bedrooms and an upstairs bedroom suite with a half bath plus extra room for future expansion. Updated kitchen with granite countertops and a generous back-foyer that works well as a mudroom or bright mini-sunroom. Finished basement provides additional living/entertainment space. Convenient location near shops, easy highway access, and just 5 minutes from Como Lake and Park. Move-in ready—schedule a showing and make it yours today.

14. 2022-11-09
    soldstatus $212,000
15. 2022-10-28
    soldstatus $197,000 Sold 358-char remark

    Show marketing remark (358 chars)

    Charming Stucco 1 1/2 Story on corner lot with hardwood floors, 3 bedrooms, 1 futll bath, 1/2 bathroom in upper floor, 1shower in basement, finished basement. New stove, refrigerator, vent fan, cabinets and brand new granite countertop. The garage has an auto opener. Home is in good condition and more affordable than rent! Sellers related to listing agent.

16. 2022-10-20
    status Pending 358-char remark

    Show marketing remark (358 chars)

    Charming Stucco 1 1/2 Story on corner lot with hardwood floors, 3 bedrooms, 1 futll bath, 1/2 bathroom in upper floor, 1shower in basement, finished basement. New stove, refrigerator, vent fan, cabinets and brand new granite countertop. The garage has an auto opener. Home is in good condition and more affordable than rent! Sellers related to listing agent.

17. 2022-10-01
    historical Contingent - Inspection 358-char remark

    Show marketing remark (358 chars)

    Charming Stucco 1 1/2 Story on corner lot with hardwood floors, 3 bedrooms, 1 futll bath, 1/2 bathroom in upper floor, 1shower in basement, finished basement. New stove, refrigerator, vent fan, cabinets and brand new granite countertop. The garage has an auto opener. Home is in good condition and more affordable than rent! Sellers related to listing agent.

18. 2022-09-22
    listed $195,000 Active 358-char remark

    Show marketing remark (358 chars)

    Charming Stucco 1 1/2 Story on corner lot with hardwood floors, 3 bedrooms, 1 futll bath, 1/2 bathroom in upper floor, 1shower in basement, finished basement. New stove, refrigerator, vent fan, cabinets and brand new granite countertop. The garage has an auto opener. Home is in good condition and more affordable than rent! Sellers related to listing agent.

19. 2022-09-21
    historical
20. 2022-08-29
    price $215,000
21. 2022-08-12
    listed $225,000 Active
22. 2018-09-05
    historical
23. 2018-08-27
    status Active
24. 2018-08-21
    historical Contingent - Inspection
25. 2018-08-19
    status Active
26. 2018-08-16
    historical Contingent - Inspection
27. 2018-08-02
    status Active
28. 2018-07-31
    historical Contingent - Inspection
29. 2018-07-22
    price $155,900
30. 2018-06-25
    listed $165,900 Active
31. 2017-11-01
    historical
32. 2017-09-05
    listed $158,900 Active
33. 2015-06-22
    soldstatus $104,000
34. 2015-06-15
    soldstatus $104,000 Sold
35. 2015-05-19
    historical Contingent - Other
36. 2015-05-16
    listed $84,900 Active

ⓘ 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: $3,602 · $300/mo
• Projected year-2 tax: $3,602 · $300/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 ≥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: $24,633
• − Mortgage interest: −$13,998
• − Property taxes: −$3,602
• − Insurance: −$1,250
• − Repairs & maintenance: −$1,971
• − Management: −$1,971
• − Depreciation: −$7,270
• Taxable loss: −$5,428
• Est. tax savings @ 24.0%: +$1,303
• After-tax cash flow: $185/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): 44,697
• Household income: $70,771
• Rent vs Own: 38.7% rent · 61.3% own
• Severe rent burden: 1588.0

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 0.72)
• Race & ethnicity: White 44% Asian 24% Black 15% Hispanic / Latino 10% Two or more races 10%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Portuguese 6% Romanian 3% Lithuanian 2%
• Foreign-born: 21% · Canada, Philippines, India
• Languages at home: 68% English-only · Other Asian/Pacific 15% Spanish 8% Other Indo-European 2%

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: ▼ -308.56%
• Current HPI: 267.4216
• Rent YoY: ▲ 3.60%
• 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

+194.3% since first listed

25 events — show timeline

• 2026-05-01 Price Changed $249,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-10 Listed $265,000 NORTHSTARMLS as Distributed by MLS Grid
• 2022-11-09 Sold (Public Records) $212,000 Public Records
• 2022-10-28 Sold (MLS) $197,000 NORTHSTARMLS as Distributed by MLS Grid
• 2022-10-20 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2022-10-01 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2022-09-22 Listed $195,000 NORTHSTARMLS as Distributed by MLS Grid
• 2022-09-21 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2022-08-29 Price Changed $215,000 NORTHSTARMLS as Distributed by MLS Grid
• 2022-08-12 Listed $225,000 NORTHSTARMLS as Distributed by MLS Grid
• 2018-09-05 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2018-08-27 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2018-08-21 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2018-08-19 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2018-08-16 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2018-08-02 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2018-07-31 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2018-07-22 Price Changed $155,900 NORTHSTARMLS as Distributed by MLS Grid
• 2018-06-25 Listed $165,900 NORTHSTARMLS as Distributed by MLS Grid
• 2017-11-01 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2017-09-05 Listed $158,900 NORTHSTARMLS as Distributed by MLS Grid
• 2015-06-22 Sold (Public Records) $104,000 Public Records
• 2015-06-15 Sold (MLS) $104,000 NORTHSTARMLS as Distributed by MLS Grid
• 2015-05-19 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2015-05-16 Listed $84,900 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+7.1%/yr

Latest (2025): $3,602 · +27.5% YoY. Source: county tax records.