345 Grand Ave · St. Paul, MN 55102

$323,000

3 bd · 2.0 ba · 1,578 sqft · Townhouse public records · 93 Days on market

Built 1892 3,267 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 +20.6/30.0
• ARV discount +7.5/15.0
• DSCR +6.6/10.0
• 1% rule +5.1/10.0
• Rent growth +2.9/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 1892 Victorian twin sits along Grand Avenue in the sought-after Summit Hill, offering a location that balances neighborhood charm with convenient access to the best of Saint Paul. From here, you’re just a short stroll to the shops, dining, and local favorites that make Grand Avenue such a beloved destination. A classic iron fence and gate create a warm approach to the inviting front porch, introducing the home’s timeless character. Inside, natural light pours through abundant south- and west-facing windows, illuminating the living spaces while highlighting hardwood floors and the craftsmanship of this 1892 Victorian. The layout flows comfortably from room to room, creating inviting spaces to gather, relax, and feel at home. Upstairs, generously sized bedrooms provide peaceful retreats, blending historic charm with everyday comfort. Outside, a private back entry offers room to unwind and enjoy quiet evenings—a welcome feature along Grand Avenue. With NO ASSOCIATION DUES, you’ll enjoy the benefits of homeownership without additional monthly dues. Historic elegance. Modern livability. A Grand Avenue address with enduring appeal. “Seller to pay for Buyer’s origination fee, appraisal fee, and assessment.”

Key facts

• Built 1892
• Listed 93 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $323k.

Deal economics

• At list price, monthly cash flow is $434 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $323k).
• Recommended offer: $294k (9.0% below list) — sets the bar for market timing.

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 (+1.6%/yr); 145 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,202 units permitted in Ramsey County in 2024 (880 in 5+ unit buildings).
• At $3,268/mo this rent would consume 51% of the median local household income ($76k/yr) (locally 1116% 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 $10k 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 93 days — a 9% lower offer ($294k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $275k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1892 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $293,930 (9.0% below list)

Questions for the listing agent

1. It's been on market 93 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1892 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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 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: 1.01% ✓
• Cap rate: 7.91%
• Cash-on-cash: 5.76%
• DSCR: 1.26
• GRM: 8.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.6% rent growth · sell at horizon

5-year hold

• IRR: -8.9%
• Equity multiple: 0.68×
• Total profit: $-29,240
• Equity at exit: $48,160

10-year hold

• IRR: -1.4%
• Equity multiple: 0.91×
• Total profit: $-7,990
• Equity at exit: $27,927

Cash invested: $90,440 (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 55102

• Rents YoY: 1.6%
• Active inventory: 145
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $3,268 high
• Mortgage (P&I): −$1,694
• Tax from tax record: −$319 /mo · $3,832/yr
• Insurance: −$135
• HOA: −$0
• Vacancy / Maint / Mgmt: −$686
• Net cashflow: $434

Break-even live

Break-even rent $2,719

Max offer price $323,000

Occupancy floor 82%

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: $80,750
• Closing costs: $9,690
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
255 Western Ave N Saint Paul, MN	3.0	1.0–2.0	1049	$3,700	$3.53	1d	23	0.56mi
400 Spring St Saint Paul, MN	1.0–2.0	1.0–2.0	1205	$3,275	$2.72	3d	31	0.60mi
253 Kellogg Blvd W Saint Paul, MN	2.0	1.0–2.0	1208	$3,198	$2.65	2d	12	0.68mi
695 Grand Ave Saint Paul, MN	1.0–2.0	1.0–2.0	1130	$5,795	$5.13	17d	10	0.72mi
101 10th St E Saint Paul, MN	3.0	1.0–2.0	887	$2,490	$2.81	2d	25	1.19mi
111 Kellogg Blvd E Saint Paul, MN	3.0	1.0–2.0	1000	$2,783	$2.78	1d	20	1.27mi
141 4th St E Saint Paul, MN	2.0	1.0–2.0	811	$2,420	$2.98	20d	20	1.32mi
333 Sibley St Saint Paul, MN	3.0	1.0–2.0	1358	$3,269	$2.41	10d	10	1.41mi
180 E Kellogg Blvd St Paul, MN	3.0	1.0–2.5	1436	$4,595	$3.20	1d	22	1.42mi
240 5th St E St Paul, MN	2.0	1.0–2.0	949	$2,770	$2.92	2d	10	1.47mi
250 6th St E St Paul, MN	2.0	1.0–2.0	980	$2,868	$2.93	1d	16	1.49mi

Listing history 13 events

1. 2026-06-18
   days on market $323,000 Active 93 DOM
2. 2026-06-17
   days on market $323,000 Active 92 DOM
3. 2026-06-16
   days on market $323,000 Active 91 DOM
4. 2026-06-15
   days on market $323,000 Active 90 DOM
5. 2026-06-13
   days on market $323,000 Active 88 DOM
6. 2026-06-09
   days on market $323,000 Active 84 DOM
7. 2026-06-08
   days on market $323,000 Active 83 DOM
8. 2026-06-07
   days on market $323,000 Active 82 DOM
9. 2026-05-31
   days on market $323,000 Active 80 DOM
10. 2026-05-07
    price $323,000 1266-char remark

    Show marketing remark (1266 chars)

    This 1892 Victorian twin sits along Grand Avenue in the sought-after Summit Hill, offering a location that balances neighborhood charm with convenient access to the best of Saint Paul. From here, you’re just a short stroll to the shops, dining, and local favorites that make Grand Avenue such a beloved destination. A classic iron fence and gate create a warm approach to the inviting front porch, introducing the home’s timeless character. Inside, natural light pours through abundant south- and west-facing windows, illuminating the living spaces while highlighting hardwood floors and the craftsmanship of this 1892 Victorian. The layout flows comfortably from room to room, creating inviting spaces to gather, relax, and feel at home. Upstairs, generously sized bedrooms provide peaceful retreats, blending historic charm with everyday comfort. Outside, a private back entry offers room to unwind and enjoy quiet evenings—a welcome feature along Grand Avenue. With NO ASSOCIATION DUES, you’ll enjoy the benefits of homeownership without additional monthly dues. Historic elegance. Modern livability. A Grand Avenue address with enduring appeal. “Seller to pay for Buyer’s origination fee, appraisal fee, and assessment.”

11. 2026-03-13
    listed $333,000 Active 1266-char remark

    Show marketing remark (1266 chars)

    This 1892 Victorian twin sits along Grand Avenue in the sought-after Summit Hill, offering a location that balances neighborhood charm with convenient access to the best of Saint Paul. From here, you’re just a short stroll to the shops, dining, and local favorites that make Grand Avenue such a beloved destination. A classic iron fence and gate create a warm approach to the inviting front porch, introducing the home’s timeless character. Inside, natural light pours through abundant south- and west-facing windows, illuminating the living spaces while highlighting hardwood floors and the craftsmanship of this 1892 Victorian. The layout flows comfortably from room to room, creating inviting spaces to gather, relax, and feel at home. Upstairs, generously sized bedrooms provide peaceful retreats, blending historic charm with everyday comfort. Outside, a private back entry offers room to unwind and enjoy quiet evenings—a welcome feature along Grand Avenue. With NO ASSOCIATION DUES, you’ll enjoy the benefits of homeownership without additional monthly dues. Historic elegance. Modern livability. A Grand Avenue address with enduring appeal. “Seller to pay for Buyer’s origination fee, appraisal fee, and assessment.”

12. 2026-02-28
    historical $333,000 1266-char remark

    Show marketing remark (1266 chars)

    This 1892 Victorian twin sits along Grand Avenue in the sought-after Summit Hill, offering a location that balances neighborhood charm with convenient access to the best of Saint Paul. From here, you’re just a short stroll to the shops, dining, and local favorites that make Grand Avenue such a beloved destination. A classic iron fence and gate create a warm approach to the inviting front porch, introducing the home’s timeless character. Inside, natural light pours through abundant south- and west-facing windows, illuminating the living spaces while highlighting hardwood floors and the craftsmanship of this 1892 Victorian. The layout flows comfortably from room to room, creating inviting spaces to gather, relax, and feel at home. Upstairs, generously sized bedrooms provide peaceful retreats, blending historic charm with everyday comfort. Outside, a private back entry offers room to unwind and enjoy quiet evenings—a welcome feature along Grand Avenue. With NO ASSOCIATION DUES, you’ll enjoy the benefits of homeownership without additional monthly dues. Historic elegance. Modern livability. A Grand Avenue address with enduring appeal. “Seller to pay for Buyer’s origination fee, appraisal fee, and assessment.”

13. 2007-11-21
    soldstatus $275,000

ⓘ 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: $3,832 · $319/mo
• Projected year-2 tax: $3,832 · $319/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 ≥100°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: $39,217
• − Mortgage interest: −$18,093
• − Property taxes: −$3,832
• − Insurance: −$1,615
• − Repairs & maintenance: −$3,137
• − Management: −$3,137
• − Depreciation: −$9,396
• Taxable income: $6
• Est. tax owed @ 24.0%: −$1
• After-tax cash flow: $5,207/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): 19,630
• Household income: $76,406
• Rent vs Own: 55.1% rent · 44.9% own
• Severe rent burden: 1116.0

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: Predominantly White (77%)
• Race & ethnicity: White 77% Black 10% Two or more races 6% Hispanic / Latino 5% Asian 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Portuguese 10% Lithuanian 5% Romanian 3%
• Foreign-born: 9% · Canada, South Korea
• Languages at home: 87% English-only · Spanish 4% Other Indo-European 1% German/W. Germanic 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: ▼ -217.83%
• Current HPI: 241.7112
• Rent YoY: ▲ 1.60%
• 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

+17.5% since first listed

4 events — show timeline

• 2026-05-07 Price Changed $323,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-03-13 Listed $333,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-02-28 Coming Soon $333,000 NORTHSTARMLS as Distributed by MLS Grid
• 2007-11-21 Sold (Public Records) $275,000 Public Records

Property tax history

+4.9%/yr

Latest (2025): $3,832 · -10.8% YoY. Source: county tax records.