1413 Park St · St. Paul, MN 55117

$239,900

4 bd · 2.0 ba · 1,110 sqft · SingleFamily public records · 7 Days on market

Built 1972 6,534 sqft lot $216/sqft · 10% below area Est $350k · 31% under

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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 +16.2/30.0
• ARV discount +15.0/15.0
• DSCR +5.0/10.0
• 1% rule +4.1/10.0
• Rent growth +3.4/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nice 4BD/2BA Home Features: Large Living room with Fireplace, 3 BD on main level, updated kitchen, newer furnace and walkout basement. Near schools, Shopping, Rice Arlington Field and McDonough Recreation Center.

Key facts

• 6,534 sq ft lot
• Built 1972
• Listed 7 days

Property features AI

Exterior

• Parking: Driveway with other surface
• Utilities: City water connected; City sewer connected; Natural gas
• Home design: One-level living (main living on one level); Residential property
• Construction: Block construction; Asphalt pitched roof (age 8 years or less); Block foundation
• Exterior features: Vinyl exterior; Public transit within about 6 blocks; Light tree coverage; City street frontage

Interior

• Kitchen: Dishwasher; Range; Refrigerator; Exhaust fan; Eat-in kitchen layout
• Bedrooms: Four bedrooms total — three on the upper/main level and one on the lower level (lower-level bedroom described as Bedroom 4)
• Bathrooms: One full bathroom on the main floor; One half bathroom in the basement
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Eat-in kitchen; Full, walkout basement; Wood-burning fireplace in the living room
• Laundry & utility: Washer; Dryer; Laundry located in the basement

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $129 ($2k/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 $218k (9.1% below list).
• Recommended offer: $218k (9.1% below list) — sets the bar for 1% rule.

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 (+3.6%/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 37% 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

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 35y 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 $120k; list at $240k implies a 100% gain — meaningful room to come down on a strong offer.

Recommended offer $218,002 (9.1% below list)

Questions for the listing agent

1. Built in 1972 — 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. 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.
4. 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.
5. 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: 0.91% ✗
• Cap rate: 6.94%
• Cash-on-cash: 2.30%
• DSCR: 1.10
• GRM: 9.2

CMA / ARV

• ARV (median comp): $350,000
• List price: $239,900
• Delta: -31.46%
• 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: -12.0%
• Equity multiple: 0.56×
• Total profit: $-29,350
• Equity at exit: $35,770

10-year hold

• IRR: -2.0%
• Equity multiple: 0.86×
• Total profit: $-9,517
• Equity at exit: $20,742

Cash invested: $67,172 (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: 9.2×

Monthly cashflow live

• Estimated rent: $2,180 medium
• Mortgage (P&I): −$1,258
• Tax from tax record: −$235 /mo · $2,824/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$458
• Net cashflow: $129

Break-even live

Break-even rent $2,017

Max offer price $239,900

Occupancy floor 89%

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: $59,975
• Closing costs: $7,197
• 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	18d	1	1.23mi

Listing history 29 events

1. 2026-05-14
   status Pending 568-char remark
2. 2026-05-10
   historical Contingent - Inspection 568-char remark
3. 2026-05-08
   listed $239,900 Active 568-char remark
4. 2026-05-01
   historical $239,900 568-char remark
5. 2026-02-26
   soldstatus $120,000
6. 2012-07-27
   soldstatus $63,250 212-char remark

   Show marketing remark (212 chars)

   Nice 4BD/2BA Home Features: Large Living room with Fireplace, 3 BD on main level, updated kitchen, newer furnace and walkout basement. Near schools, Shopping, Rice Arlington Field and McDonough Recreation Center.

7. 2012-07-17
   historical 212-char remark

   Show marketing remark (212 chars)

   Nice 4BD/2BA Home Features: Large Living room with Fireplace, 3 BD on main level, updated kitchen, newer furnace and walkout basement. Near schools, Shopping, Rice Arlington Field and McDonough Recreation Center.

8. 2012-06-29
   listed $55,250 212-char remark

   Show marketing remark (212 chars)

   Nice 4BD/2BA Home Features: Large Living room with Fireplace, 3 BD on main level, updated kitchen, newer furnace and walkout basement. Near schools, Shopping, Rice Arlington Field and McDonough Recreation Center.

9. 2008-04-18
   soldstatus $100,000
10. 2008-04-02
    soldstatus $116,470
11. 2007-09-16
    historical
12. 2007-04-24
    listed $124,900
13. 2003-11-06
    soldstatus $180,000
14. 2003-10-10
    soldstatus $166,500
15. 2003-07-22
    historical
16. 2003-06-16
    listed $165,000
17. 2000-09-30
    soldstatus $110,000
18. 2000-08-13
    historical
19. 2000-07-28
    listed $109,900
20. 2000-04-26
    historical
21. 2000-02-07
    listed $109,900
22. 1998-12-31
    soldstatus $107,000
23. 1998-04-20
    soldstatus $107,000
24. 1997-10-14
    soldstatus $71,000
25. 1997-09-11
    soldstatus $70,000
26. 1997-09-05
    historical
27. 1997-03-05
    listed $68,500
28. 1992-05-01
    soldstatus $60,000
29. 1991-10-22
    listed $64,900

ⓘ 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: $2,824 · $235/mo
• Projected year-2 tax: $2,824 · $235/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 ≥101°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: $26,160
• − Mortgage interest: −$13,438
• − Property taxes: −$2,824
• − Insurance: −$1,200
• − Repairs & maintenance: −$2,093
• − Management: −$2,093
• − Depreciation: −$6,979
• Taxable loss: −$2,466
• Est. tax savings @ 24.0%: +$592
• After-tax cash flow: $2,138/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

+269.6% since first listed

29 events — show timeline

• 2026-05-14 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-10 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-08 Listed $239,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-01 Coming Soon $239,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-02-26 Sold (Public Records) $120,000 Public Records
• 2012-07-27 Sold (MLS) $63,250 NORTHSTARMLS as Distributed by MLS Grid
• 2012-07-17 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2012-06-29 Listed $55,250 NORTHSTARMLS as Distributed by MLS Grid
• 2008-04-18 Sold (Public Records) $100,000 Public Records
• 2008-04-02 Sold (Public Records) $116,470 Public Records
• 2007-09-16 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2007-04-24 Listed $124,900 NORTHSTARMLS as Distributed by MLS Grid
• 2003-11-06 Sold (Public Records) $180,000 Public Records
• 2003-10-10 Sold (MLS) $166,500 NORTHSTARMLS as Distributed by MLS Grid
• 2003-07-22 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2003-06-16 Listed $165,000 NORTHSTARMLS as Distributed by MLS Grid
• 2000-09-30 Sold (MLS) $110,000 NORTHSTARMLS as Distributed by MLS Grid
• 2000-08-13 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2000-07-28 Listed $109,900 NORTHSTARMLS as Distributed by MLS Grid
• 2000-04-26 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2000-02-07 Listed $109,900 NORTHSTARMLS as Distributed by MLS Grid
• 1998-12-31 Sold (Public Records) $107,000 Public Records
• 1998-04-20 Sold (Public Records) $107,000 Public Records
• 1997-10-14 Sold (Public Records) $71,000 Public Records
• 1997-09-11 Sold (MLS) $70,000 NORTHSTARMLS as Distributed by MLS Grid
• 1997-09-05 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 1997-03-05 Listed $68,500 NORTHSTARMLS as Distributed by MLS Grid
• 1992-05-01 Sold (MLS) $60,000 NORTHSTARMLS as Distributed by MLS Grid
• 1991-10-22 Listed $64,900 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+2.2%/yr

Latest (2025): $2,824 · -5.4% YoY. Source: county tax records.