335 W Winona St · Duluth, MN 55803

$269,900

2 bd · 2.0 ba · 952 sqft · SingleFamily public records · 4 Days on market

Built 1957 6,970 sqft lot $284/sqft · 38% above area Est $291k · 7% 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 +10.7/15.0
• Cash flow +8.5/30.0
• Schools +4.2/10.0
• Livability +4.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.3/10.0
• 1% rule +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Very nice Woodland ranch. 2 bedrooms, hardwood floors, 1 car detached garage, large eat in kitchen, lower level is partially finished and has lots of possibilities. Newer roof and furnace.

Key facts

• Sunny living room
• Original cabinetry
• New lvt flooring

Tags

• SUNNY LIVING ROOM
• NEW LVT FLOORING
• ORIGINAL HARDWOOD FLOORS
• UPDATED MAIN FLOOR BATHROOM
• ORIGINAL CABINETRY
• SPACIOUS SECOND LIVING AREA

Property features AI

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family detached residence; Single story
• Construction: Full basement
• Exterior features: Lot approximately 50 x 142 (0.16 acres)

Interior

• Kitchen: Oven; Refrigerator
• Bedrooms: Master downstairs
• Bathrooms: 1 full bathroom; 1 three-quarter bathroom
• Heating & cooling: Forced air heating
• Interior features: Master bedroom on the main level; Full basement
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $270k.

Deal economics

• At list price, monthly cash flow is $-237 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $228k (15.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $192k (29.0% below list).
• Recommended offer: $192k (29.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 82/100 on livability (#36 in MN, #1,060 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: amenities F.
• Duluth Public School District (urban): math 44% / reading 55% proficiency, ranked #132 of 301 in MN (top 44%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Homecroft Elementary (math 67% / reading 67%, grade B+, #102 of 857 statewide, top 13%, 402 students, 28% FRL); Ordean East Middle School (math 45% / reading 61%, grade C+, #53 of 258 statewide, top 22%, 989 students, 26% FRL); East High School (math 42% / reading 73%, grade C, #59 of 471 statewide, top 13%, 1,494 students, 23% FRL).
• Market conditions: 109 active listings in the ZIP; solid renter incomes; 639 units permitted in St. Louis County in 2024 (338 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 14y 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.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $191,650 (29.0% 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. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
6. 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.
7. 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.
8. 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: 0.71% ✗
• Cap rate: 5.24%
• Cash-on-cash: -3.76%
• DSCR: 0.83
• GRM: 11.7

CMA / ARV

• ARV (median comp): $290,841
• List price: $269,900
• Delta: -7.20%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
405 W Faribault St	0.15mi	2/1.0	871 (-8%)	1mo	$230,000	$264	74
3717 Elysian Ave	0.20mi	1/1.0 (-1)	862 (-10%)	10mo	$219,900	$255	58
4739 Chicago Ave	0.48mi	2/1.0	936 (-2%)	18mo	$170,000	$182	56
25 E Wabasha St	0.51mi	2/1.0	994 (+4%)	12mo	$300,000	$302	54
236 E Anoka St	0.72mi	2/2.0	854 (-10%)	10mo	$230,000	$269	41

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -22.6%
• Equity multiple: 0.22×
• Total profit: $-58,870
• Equity at exit: $40,243

10-year hold

• IRR: -17.0%
• Equity multiple: 0.06×
• Total profit: $-70,865
• Equity at exit: $23,336

Cash invested: $75,572 (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 55803

• Active inventory: 109
• Price-to-rent: 11.7×

Monthly cashflow live

• Estimated rent: $1,916 medium
• Mortgage (P&I): −$1,415
• Tax from tax record: −$223 /mo · $2,678/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$402
• Net cashflow: $-237

Break-even live

Break-even rent $2,216

Max offer price $228,037

Occupancy floor —

Sensitivity live

Price	-10% $-84	-5% $-161	+0% $-237	+5% $-313	+10% $-390
Rent	-10% $-388	-5% $-313	+0% $-237	+5% $-161	+10% $-86
Rate	-1.0pp $-101	-0.5pp $-168	base $-237	+0.5pp $-307	+1.0pp $-378

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: $67,475
• Closing costs: $8,097
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-05-04
   status Pending 2204-char remark
2. 2026-04-30
   listed $269,900 Active 2204-char remark
3. 2015-04-30
   soldstatus $106,000
4. 2015-04-24
   soldstatus $106,000 188-char remark

   Show marketing remark (188 chars)

   Very nice Woodland ranch. 2 bedrooms, hardwood floors, 1 car detached garage, large eat in kitchen, lower level is partially finished and has lots of possibilities. Newer roof and furnace.

5. 2015-04-24
   soldstatus $106,000

   Show marketing remark (188 chars)

   Very nice Woodland ranch. 2 bedrooms, hardwood floors, 1 car detached garage, large eat in kitchen, lower level is partially finished and has lots of possibilities. Newer roof and furnace.

6. 2015-04-24
   soldstatus $106,000 Sold

   Show marketing remark (188 chars)

   Very nice Woodland ranch. 2 bedrooms, hardwood floors, 1 car detached garage, large eat in kitchen, lower level is partially finished and has lots of possibilities. Newer roof and furnace.

7. 2015-03-07
   status Pending
8. 2015-02-19
   historical Contingent - Inspection
9. 2015-02-12
   listed $114,900 188-char remark

   Show marketing remark (188 chars)

   Very nice Woodland ranch. 2 bedrooms, hardwood floors, 1 car detached garage, large eat in kitchen, lower level is partially finished and has lots of possibilities. Newer roof and furnace.

10. 2015-02-12
    listed $114,900

    Show marketing remark (188 chars)

    Very nice Woodland ranch. 2 bedrooms, hardwood floors, 1 car detached garage, large eat in kitchen, lower level is partially finished and has lots of possibilities. Newer roof and furnace.

11. 2015-02-12
    listed $114,900 Active

    Show marketing remark (188 chars)

    Very nice Woodland ranch. 2 bedrooms, hardwood floors, 1 car detached garage, large eat in kitchen, lower level is partially finished and has lots of possibilities. Newer roof and furnace.

12. 2012-08-16
    soldstatus $102,000
13. 2012-07-25
    soldstatus $102,000
14. 2012-06-05
    listed $102,000

ⓘ 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: $2,678 · $223/mo
• Projected year-2 tax: $2,850 · $238/mo
• Expected delta: +$172/yr (+$14/mo · 6.4%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 1/10 Low 7 d/yr ≥89°F today · 12 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,998
• − Mortgage interest: −$15,119
• − Property taxes: −$2,678
• − Insurance: −$1,350
• − Repairs & maintenance: −$1,840
• − Management: −$1,840
• − Depreciation: −$7,852
• Taxable loss: −$7,679
• Est. tax savings @ 24.0%: +$1,843
• After-tax cash flow: $-1,001/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: Duluth Public School District
• NCES district ID: 2711040
• Math proficiency: 44% ▼ -10.00%
• Reading proficiency: 55% ▼ -6.00%
• Median HH income: $45,692
• Composite: 41.92/100
• National rank: #3360
• State rank: #132 of 301 in MN

Livability — Duluth

• Score: 82/100
• State rank: #36
• US rank: #1060

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Duluth, MN
• County: Saint Louis County · 115,152 people
• City population: 71,097
• Metro: Duluth, MN-WI
• Population (ZIP): 17,662
• Household income: $105,888
• Rent vs Own: 16.5% rent · 83.5% own
• Severe rent burden: 322.0

Population outlook (St. Louis County) Hauer SSP2

• Today (2025): 202,411 people
• By 2030: 203,234 · +0.4%
• By 2040: 202,520 · +0.1%
• By 2050: 200,853 · -0.8%
• By 2075: 200,943 · -0.7%
• By 2100: 192,058 · -5.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Two or more races 2%
• Common ancestry: Portuguese 16% Romanian 7% Lithuanian 3%
• Foreign-born: 2% · China, Canada
• Languages at home: 97% English-only · Chinese 1%

Political lean MEDSL · St. Louis

• 2024 margin: D (+13.7) · D 55.9% · R 42.2% · Other 1.8%
• 2008→2024 swing: -18.8pp toward R · 2008: 32.5pp · 2024: 13.7pp
• All cycles: 2024: D+13.7 2020: D+15.6 2016: D+11.8 2012: D+29.6 2008: D+32.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -363.34%
• Current HPI: 197.6712
• Rent YoY: —
• Metro: Duluth, 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

+194.1% since first listed

15 events — show timeline

• 2026-06-01 Sold (MLS) $300,000 LSAR
• 2026-05-04 Pending — LSAR
• 2026-04-30 Listed $269,900 LSAR
• 2015-04-30 Sold (Public Records) $106,000 Public Records
• 2015-04-24 Sold (MLS) $106,000 NORTHSTARMLS as Distributed by MLS Grid
• 2015-04-24 Sold (MLS) $106,000 LSAR
• 2015-04-24 Sold (MLS) $106,000 RASM
• 2015-03-07 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2015-02-19 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2015-02-12 Listed $114,900 NORTHSTARMLS as Distributed by MLS Grid
• 2015-02-12 Listed $114,900 LSAR
• 2015-02-12 Listed $114,900 RASM
• 2012-08-16 Sold (Public Records) $102,000 Public Records
• 2012-07-25 Sold (MLS) $102,000 NORTHSTARMLS as Distributed by MLS Grid
• 2012-06-05 Listed $102,000 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+4.8%/yr

Latest (2026): $2,678 · +14.7% YoY. Source: county tax records.