914 Burr St · St. Paul, MN 55130

$425,000

5 bd · 4.0 ba · 2,408 sqft · MultiFamily public records · 13 Days on market

Built 1960 6,577 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 +27.8/30.0
• DSCR +9.8/10.0
• 1% rule +8.0/10.0
• ARV discount +7.5/15.0
• Rent growth +3.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks MLS

SHOWINGS ON SATURDAYS ONLY. This Triplex was built in 1960 and the seller has done many improvements. Lower-Level has recently been completely updated. The lower-level unit was recently remodeled with new carpet, appliances flooring and paint. The lower-level unit has 3 Bedrooms and 2 baths and can be rented for more. New Appliances for the lower-level unit. No Laundry on site. Each unit on the upper level has updated flooring and carpet. Upper level 2 units have the same layout. 1 Bedroom each, Kitchen, dining and living room. Long time tenants who are willing to stay. Seller completely remodeled the building in 2012. NEW ROOF IN 2021. The Furnace had a safety check in 2021. New Water Heater. MULTIPLE OFFERS RECEIVED. HIGHEST AND BEST DUE BY 5:00 CST ON APRIL 04, 22.

Key facts

• Well-appointed units
• Conveniently located
• 6,577 sq ft lot

Tags

• TURNKEY INCOME POTENTIAL
• CONVENIENTLY LOCATED
• SPACIOUS LOWER-LEVEL UNIT
• WELL-APPOINTED UNITS

Property features AI

Finance

• Other: Lot approximately 0.151 acres (dimensions: 132 x 50)
• Financial info: Gross rental income reported: $42,500
• HOA & community: Coin-op laundry owned (association amenity)

Exterior

• Utilities: City water (connected); City sewer (connected); Natural gas
• Home design: Residential income property (Triplex); Two levels
• Construction: Asphalt roof; Block foundation
• Exterior features: Stucco exterior

Interior

• Bedrooms: 5 bedrooms total; Unit breakdown: one 3-bedroom unit, two 1-bedroom units
• Bathrooms: Unit breakdown: one 3/4 bath and one full bath in the 3-bedroom unit; each 1-bedroom unit has 1 full bath
• Heating & cooling: Hot water heating
• Interior features: Finished basement; Other basement features
• Laundry & utility: Common area / coin-op laundry owned

What this means for you Summary

Snapshot

• This is a 1×3bd/2.0ba + 2×1bd/1.0ba units multifamily listed at $425k.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive. Per door: $434/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($6k rent vs $425k).

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 (+3.9%/yr); 58 active listings in the ZIP; 1,202 units permitted in Ramsey County in 2024 (880 in 5+ unit buildings).
• At $5,521/mo this rent would consume 122% of the median local household income ($54k/yr) (locally 818% 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 $3k of loan paydown is wiped out by about $13k 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 + 3.9% rent growth), your $119k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 5y 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.

Recommended offer $425,000

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.30% ✓
• Cap rate: 9.97%
• Cash-on-cash: 13.13%
• DSCR: 1.58
• GRM: 6.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.94% rent growth · sell at horizon

5-year hold

• IRR: 4.2%
• Equity multiple: 1.16×
• Total profit: $19,502
• Equity at exit: $63,369

10-year hold

• IRR: 14.6%
• Equity multiple: 2.23×
• Total profit: $146,471
• Equity at exit: $36,746

Cash invested: $119,000 (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 55130

• Home prices YoY: -17.6%
• Rents YoY: 3.9%
• Active inventory: 58
• Price-to-rent: 14.8×

Monthly cashflow live

• Estimated rent: $5,521 high
• Mortgage (P&I): −$2,229
• Tax from tax record: −$654 /mo · $7,842/yr
• Insurance: −$177
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,159
• Net cashflow: $1,302

Break-even live

Break-even rent $3,873

Max offer price $425,000

Occupancy floor 71%

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
1× unit	3	2	$2,393
▸ 2× units	1	1	$3,128
Total (3 units)			$5,521

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: $106,250
• Closing costs: $12,750
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-06-18
   days on market $425,000 Active 13 DOM
2. 2026-06-17
   days on market $425,000 Active 12 DOM
3. 2026-06-16
   days on market $425,000 Active 11 DOM
4. 2026-06-15
   days on market $425,000 Active 10 DOM
5. 2026-06-13
   days on market $425,000 Active 8 DOM
6. 2026-06-09
   days on market $425,000 Active 4 DOM
7. 2026-06-08
   days on market $425,000 Active 3 DOM
8. 2026-06-07
   remarks 488-char remark
9. 2026-06-07
   listed $425,000 Active 2 DOM

ⓘ 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: $7,842 · $654/mo
• Projected year-2 tax: $7,842 · $654/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: $66,252
• − Mortgage interest: −$23,807
• − Property taxes: −$7,842
• − Insurance: −$2,125
• − Repairs & maintenance: −$5,300
• − Management: −$5,300
• − Depreciation: −$12,364
• Taxable income: $9,514
• Est. tax owed @ 24.0%: −$2,283
• After-tax cash flow: $13,344/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): 17,775
• Household income: $54,130
• Rent vs Own: 54.0% rent · 46.0% own
• Severe rent burden: 818.0

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 0.69)
• Race & ethnicity: Asian 47% Black 22% White 19% Hispanic / Latino 9% Two or more races 4%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Portuguese 3% Swedish 2% Romanian 1%
• Foreign-born: 33% · Philippines, Canada, Vietnam
• Languages at home: 44% English-only · Other Asian/Pacific 37% Spanish 7% Other Indo-European 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: ▼ -60.12%
• Current HPI: 281.2507
• Rent YoY: ▲ 3.94%
• 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

+985.2% since first listed

14 events — show timeline

• 2026-06-05 Listed $425,000 NORTHSTARMLS as Distributed by MLS Grid
• 2025-10-17 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2025-05-19 Listed $434,999 NORTHSTARMLS as Distributed by MLS Grid
• 2022-05-09 Sold (Public Records) $395,000 Public Records
• 2022-05-05 Sold (MLS) $395,000 NORTHSTARMLS as Distributed by MLS Grid
• 2022-04-11 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2022-04-05 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2022-03-29 Listed $389,900 NORTHSTARMLS as Distributed by MLS Grid
• 2021-10-14 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2021-09-14 Price Changed $389,900 NORTHSTARMLS as Distributed by MLS Grid
• 2021-08-24 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2021-08-22 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2021-07-20 Listed $399,900 NORTHSTARMLS as Distributed by MLS Grid
• 2013-05-02 Sold (Public Records) $39,162 Public Records

Property tax history

+12.6%/yr

Latest (2025): $7,842 · +15.5% YoY. Source: county tax records.