318 4th Ave NE · Glenwood, MN 56334

$195,000

3 bd · 1.0 ba · 1,108 sqft · SingleFamily public records · 3 Days on market

Built 1969 7,579 sqft lot $176/sqft · 5% above area Est $186k · 5% over

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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 +24.1/30.0
• DSCR +7.8/10.0
• 1% rule +5.7/10.0
• ARV discount +5.2/15.0
• Schools +4.5/10.0
• Appreciation +3.5/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Nice 3 bed, 1 bath rambler style home with double car detached garage in a great location. Possibility to add 2 more bedrooms in lower level by installing egress windows.Newer flooring, freshly painted interior, vinyl siding, all of the work is finished and ready for a new owner. Take a look today.

Key facts

• 7,579 sq ft lot
• 2 garage spots
• Built 1969

Property features AI

Finance

• Other: Property listed as single-family residential; Above-grade finished living area on main level and total building area noted
• HOA & community: Other annual assessment (if any) applies

Exterior

• Parking: Detached or attached garage with electric and storage (garage door opener); Two-car garage, approximately 24x22
• Utilities: City water connected; City sewer connected; Natural gas; Electric service with circuit breakers
• Home design: Residential property; One story; Main-level living; Porched entry
• Construction: Block foundation; Foundation dimensions about 42x24; Construction includes block, concrete and frame; Asphalt pitched roof (age 8 years or less)
• Exterior features: Front porch; Metal and vinyl exterior; Light tree coverage

Interior

• Kitchen: Range; Microwave; Dishwasher; Refrigerator; Electric water heater; Kitchen/Dining room layout
• Bedrooms: Three bedrooms, all on the main level
• Bathrooms: One full bathroom (main floor); One quarter bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Ceiling fans; Vaulted ceilings; Main-floor primary bedroom; Porch access from main floor; Washer/Dryer hookup
• Laundry & utility: Washer hookup; Electric dryer hookup; Washer/Dryer hookup located on lower level (basement); Water softener (owned)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $195k.

Deal economics

• At list price, monthly cash flow is $385 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $195k).
• Cap rate 8.7% vs local median 4.6% in Glenwood — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 70/100 on livability (#336 in MN) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment C-, health & safety D+, amenities F.
• Minnewaska School District (rural): math 55% / reading 51% proficiency, ranked #87 of 301 in MN (top 29%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 54 active listings in the ZIP; 41 units permitted in Pope County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-2.9%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Pope County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 10 sale attempts since 26y 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 $96k; list at $195k implies a 102% gain — meaningful room to come down on a strong offer.

Recommended offer $195,000

Questions for the listing agent

1. Built in 1969 — 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. 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?
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: 1.07% ✓
• Cap rate: 8.66%
• Cash-on-cash: 8.45%
• DSCR: 1.38
• GRM: 7.8

CMA / ARV

• ARV (median comp): $185,683
• List price: $195,000
• Delta: 5.02%
• Verdict: FAIR
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-2.94% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -3.2%
• Equity multiple: 0.88×
• Total profit: $-6,639
• Equity at exit: $29,594

10-year hold

• IRR: 6.4%
• Equity multiple: 1.48×
• Total profit: $26,087
• Equity at exit: $17,752

Cash invested: $54,600 (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 56334

• Home prices YoY: -0.9%
• Active inventory: 54
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $2,086 medium
• Mortgage (P&I): −$1,023
• Tax from tax record: −$159 /mo · $1,912/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$438
• Net cashflow: $385

Break-even live

Break-even rent $1,599

Max offer price $195,000

Occupancy floor 77%

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: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-05-12
   status Pending 1020-char remark
2. 2026-05-09
   listed $195,000 Active 1020-char remark
3. 2026-05-06
   historical $195,000 1020-char remark
4. 2017-11-03
   soldstatus $96,500 299-char remark

   Show marketing remark (299 chars)

   Nice 3 bed, 1 bath rambler style home with double car detached garage in a great location. Possibility to add 2 more bedrooms in lower level by installing egress windows.Newer flooring, freshly painted interior, vinyl siding, all of the work is finished and ready for a new owner. Take a look today.

5. 2017-11-03
   soldstatus $96,500

   Show marketing remark (299 chars)

   Nice 3 bed, 1 bath rambler style home with double car detached garage in a great location. Possibility to add 2 more bedrooms in lower level by installing egress windows.Newer flooring, freshly painted interior, vinyl siding, all of the work is finished and ready for a new owner. Take a look today.

6. 2017-08-16
   listed $99,900 299-char remark

   Show marketing remark (299 chars)

   Nice 3 bed, 1 bath rambler style home with double car detached garage in a great location. Possibility to add 2 more bedrooms in lower level by installing egress windows.Newer flooring, freshly painted interior, vinyl siding, all of the work is finished and ready for a new owner. Take a look today.

7. 2017-03-23
   soldstatus $50,500

   Show marketing remark (211 chars)

   Great price, nice quiet neighborhood! 3 bed, 1 bath. Potential to make this home into a 5 bedroom with egress windows in full basement. 2 stall detached garage. Needs a little work but has lots of potential.

8. 2016-10-13
   listed $58,900

   Show marketing remark (211 chars)

   Great price, nice quiet neighborhood! 3 bed, 1 bath. Potential to make this home into a 5 bedroom with egress windows in full basement. 2 stall detached garage. Needs a little work but has lots of potential.

9. 2014-12-10
   listed $78,000
10. 2014-08-10
    historical
11. 2014-06-07
    price $78,000
12. 2014-05-13
    price $85,000
13. 2014-02-26
    listed $87,000 Active
14. 2014-02-09
    listed $78,000
15. 2012-10-22
    listed $84,000
16. 2012-10-22
    listed $84,000
17. 2006-12-29
    soldstatus $78,000
18. 2006-12-22
    soldstatus $78,000
19. 2006-05-31
    listed $78,900
20. 2002-08-01
    soldstatus $59,500
21. 2000-03-01
    listed $74,900

ⓘ 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: $1,912 · $159/mo
• Projected year-2 tax: $2,048 · $171/mo
• Expected delta: +$136/yr (+$11/mo · 7.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥97°F today · 13 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,029
• − Mortgage interest: −$10,923
• − Property taxes: −$1,912
• − Insurance: −$975
• − Repairs & maintenance: −$2,002
• − Management: −$2,002
• − Depreciation: −$5,673
• Taxable income: $1,542
• Est. tax owed @ 24.0%: −$370
• After-tax cash flow: $4,245/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: Minnewaska School District
• NCES district ID: 2700019
• Math proficiency: 55% ▼ -6.00%
• Reading proficiency: 51% ▼ -10.00%
• Median HH income: $51,589
• Composite: 45.45/100
• National rank: #2617
• State rank: #87 of 301 in MN

Livability — Glenwood

• Score: 70/100
• State rank: #336
• US rank: #7740

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Glenwood, MN
• Population (ZIP): 5,791

Population outlook (Pope County) Hauer SSP2

• Today (2025): 10,898 people
• By 2030: 10,765 · -1.2%
• By 2040: 10,369 · -4.9%
• By 2050: 9,818 · -9.9%
• By 2075: 8,532 · -21.7%
• By 2100: 6,700 · -38.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 3% Hispanic / Latino 1% Black 1%
• Common ancestry: Portuguese 30% Lithuanian 3% Iranian 3%
• Foreign-born: 1% · Vietnam
• Languages at home: 98% English-only · Spanish 1% Vietnamese 1%

Political lean MEDSL · Pope

• 2024 margin: Solid R (+31.7) · D 33.4% · R 65.0% · Other 1.6%
• 2008→2024 swing: -35.5pp toward R · 2008: 3.8pp · 2024: -31.7pp
• All cycles: 2024: R+31.7 2020: R+27.6 2016: R+26.8 2012: R+2.6 2008: D+3.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -2.94%
• Current HPI: 333.52
• Rent YoY: —
• Metro: —
• 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

+160.3% since first listed

21 events — show timeline

• 2026-05-12 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-09 Listed $195,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-06 Coming Soon $195,000 NORTHSTARMLS as Distributed by MLS Grid
• 2017-11-03 Sold (Public Records) $96,500 Public Records
• 2017-11-03 Sold (MLS) $96,500 NORTHSTARMLS as Distributed by MLS Grid
• 2017-08-16 Listed $99,900 NORTHSTARMLS as Distributed by MLS Grid
• 2017-03-23 Sold (MLS) $50,500 NORTHSTARMLS as Distributed by MLS Grid
• 2016-10-13 Listed $58,900 NORTHSTARMLS as Distributed by MLS Grid
• 2014-12-10 Listed $78,000 NORTHSTARMLS as Distributed by MLS Grid
• 2014-08-10 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2014-06-07 Price Changed $78,000 NORTHSTARMLS as Distributed by MLS Grid
• 2014-05-13 Price Changed $85,000 NORTHSTARMLS as Distributed by MLS Grid
• 2014-02-26 Listed $87,000 NORTHSTARMLS as Distributed by MLS Grid
• 2014-02-09 Listed $78,000 NORTHSTARMLS as Distributed by MLS Grid
• 2012-10-22 Listed $84,000 NORTHSTARMLS as Distributed by MLS Grid
• 2012-10-22 Listed $84,000 NORTHSTARMLS as Distributed by MLS Grid
• 2006-12-29 Sold (Public Records) $78,000 Public Records
• 2006-12-22 Sold (MLS) $78,000 NORTHSTARMLS as Distributed by MLS Grid
• 2006-05-31 Listed $78,900 NORTHSTARMLS as Distributed by MLS Grid
• 2002-08-01 Sold (Public Records) $59,500 Public Records
• 2000-03-01 Listed $74,900 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+8.7%/yr

Latest (2026): $1,912 · +12.2% YoY. Source: county tax records.