1712 Blair Ave · St. Paul, MN 55104

$360,000

4 bd · 3.0 ba · 1,486 sqft · SingleFamily public records · 1 Days on market

Built 1908 4,748 sqft lot

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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).

• Cash flow +14.0/30.0
• ARV discount +7.5/15.0
• DSCR +4.2/10.0
• 1% rule +3.8/10.0
• Rent growth +3.1/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Large Two Story 4 Bedroom 2 Bath Home with Endless Amounts of Potential! Spacious Floor Plan, Dark Natural Woodwork, Large 3 Season Front Porch, Hardwood Floors and 2 Car Garage with Carport. See the Possibilities with Cosmetic Updating and Repairs.

Key facts

• 4,748 sq ft lot
• 2 garage spots
• Built 1908

Property features AI

Finance

• Other: Lot roughly 0.109 acres (approx. 38x125)

Exterior

• Parking: Concrete driveway/parking; 2-car garage
• Utilities: City water connected; City sewer connected; Natural gas
• Home design: Residential property; Two-story
• Construction: Block foundation
• Exterior features: Vinyl exterior

Interior

• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Block foundation details; Daylight/lookout windows in basement; Full, unfinished basement; Two levels

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $360k.

Deal economics

• At list price, monthly cash flow is $46 ($557/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $318k (11.8% below list).
• Recommended offer: $318k (11.8% 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 (+2.5%/yr); 191 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 1,202 units permitted in Ramsey County in 2024 (880 in 5+ unit buildings).
• At $3,175/mo this rent would consume 50% of the median local household income ($76k/yr) (locally 2116% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $11k 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

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 33y 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 $62k; list at $360k implies a 476% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1908 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $317,532 (11.8% below list)

Questions for the listing agent

1. Built in 1908 — 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. 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?
4. 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.
5. 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.
6. 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: 0.88% ✗
• Cap rate: 6.45%
• Cash-on-cash: 0.55%
• DSCR: 1.02
• GRM: 9.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.5% rent growth · sell at horizon

5-year hold

• IRR: -16.0%
• Equity multiple: 0.44×
• Total profit: $-56,934
• Equity at exit: $53,677

10-year hold

• IRR: -8.5%
• Equity multiple: 0.48×
• Total profit: $-52,094
• Equity at exit: $31,126

Cash invested: $100,800 (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 55104

• Rents YoY: 2.5%
• Active inventory: 191
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $3,175 medium
• Mortgage (P&I): −$1,888
• Tax from tax record: −$424 /mo · $5,090/yr
• Insurance: −$150
• HOA: −$0
• Vacancy / Maint / Mgmt: −$667
• Net cashflow: $46

Break-even live

Break-even rent $3,117

Max offer price $360,000

Occupancy floor 94%

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: $90,000
• Closing costs: $10,800
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1555 Selby Ave Saint Paul, MN	3.0	1.0–2.0	1129	$4,398	$3.90	2d	7	1.03mi
2424 Territorial Rd Saint Paul, MN	3.0	1.0–2.0	955	$3,660	$3.83	12d	23	1.33mi

Listing history 11 events

1. 2026-05-09
   status Pending
2. 2026-05-09
   listed $360,000 Active
3. 2011-07-29
   soldstatus $62,500 249-char remark

   Show marketing remark (249 chars)

   Large Two Story 4 Bedroom 2 Bath Home with Endless Amounts of Potential! Spacious Floor Plan, Dark Natural Woodwork, Large 3 Season Front Porch, Hardwood Floors and 2 Car Garage with Carport. See the Possibilities with Cosmetic Updating and Repairs.

4. 2011-07-20
   historical 249-char remark

   Show marketing remark (249 chars)

   Large Two Story 4 Bedroom 2 Bath Home with Endless Amounts of Potential! Spacious Floor Plan, Dark Natural Woodwork, Large 3 Season Front Porch, Hardwood Floors and 2 Car Garage with Carport. See the Possibilities with Cosmetic Updating and Repairs.

5. 2011-05-25
   listed $54,500 249-char remark

   Show marketing remark (249 chars)

   Large Two Story 4 Bedroom 2 Bath Home with Endless Amounts of Potential! Spacious Floor Plan, Dark Natural Woodwork, Large 3 Season Front Porch, Hardwood Floors and 2 Car Garage with Carport. See the Possibilities with Cosmetic Updating and Repairs.

6. 1996-10-16
   soldstatus $78,000
7. 1996-09-10
   soldstatus $80,000
8. 1996-06-29
   historical
9. 1996-05-28
   listed $85,000
10. 1993-05-28
    historical
11. 1993-02-08
    listed $79,900

ⓘ 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: $5,090 · $424/mo
• Projected year-2 tax: $5,090 · $424/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: $38,104
• − Mortgage interest: −$20,166
• − Property taxes: −$5,090
• − Insurance: −$1,800
• − Repairs & maintenance: −$3,048
• − Management: −$3,048
• − Depreciation: −$10,473
• Taxable loss: −$5,521
• Est. tax savings @ 24.0%: +$1,325
• After-tax cash flow: $1,883/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): 45,762
• Household income: $75,712
• Rent vs Own: 46.9% rent · 53.1% own
• Severe rent burden: 2116.0

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: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 60% Black 19% Two or more races 10% Asian 7% Hispanic / Latino 7%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Portuguese 8% Romanian 3% Lithuanian 3%
• Foreign-born: 12% · Canada, Vietnam, China
• Languages at home: 83% English-only · Spanish 4% Other Asian/Pacific 4% 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: ▼ -532.26%
• Current HPI: 245.6146
• Rent YoY: ▲ 2.50%
• 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

+350.6% since first listed

11 events — show timeline

• 2026-05-09 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-09 Listed $360,000 NORTHSTARMLS as Distributed by MLS Grid
• 2011-07-29 Sold (MLS) $62,500 NORTHSTARMLS as Distributed by MLS Grid
• 2011-07-20 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2011-05-25 Listed $54,500 NORTHSTARMLS as Distributed by MLS Grid
• 1996-10-16 Sold (Public Records) $78,000 Public Records
• 1996-09-10 Sold (MLS) $80,000 NORTHSTARMLS as Distributed by MLS Grid
• 1996-06-29 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 1996-05-28 Listed $85,000 NORTHSTARMLS as Distributed by MLS Grid
• 1993-05-28 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 1993-02-08 Listed $79,900 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+5.0%/yr

Latest (2025): $5,090 · +20.2% YoY. Source: county tax records.