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Greater Minnesota: 2–4 unit rentals

Every listing we track, run through the same model: 20% down, 7% for 30 years, offer at asking, self-managed. Toggle other scenarios on each property page.

Market pulse

Listings tracked
201
Cash-flow positive today
95 of 174
at 20% down
Median price per unit
$104K
Median est. rent per unit
$1,200
Mortgage rate we use
7.00%

Top picks across Greater Minnesota

Ranked on real rent estimates (nearby comparable rentals or our own research). Listings with a serious red flag are under Proceed with caution instead, however good the numbers look.

+$1,143/mo cash flow
Cash flows · cap 15.0% · 20% down
$160,000
4 units5 bd4 ba2,200 sqft
110 3rd Ave N, Biwabik
Rents: county-wide median
+$1,223/mo cash flow
Cash flows · cap 15.3% · 20% down
$165,000
3 units4 bd3 ba1,800 sqft
1105 16th Ave E, Hibbing
Rents: county-wide median
+$739/mo cash flow
Cash flows · cap 12.8% · 20% down
$139,000
2 units14 bd4 ba1,170 sqft
111 Coleman Ave, Montevideo
Rents: region-wide median
+$1,301/mo cash flow
Cash flows · cap 30.6% · 20% down
$64,500
3 units5 bd5 ba2,109 sqft
116 2nd St S, Virginia
Rents: county-wide median
+$554/mo cash flow
Cash flows · cap 8.8% · 20% down
$278,000
3 units6 bd4 ba3,929 sqft
116 W Jessie St, Rushford
Rents: region-wide median
+$764/mo cash flow
Cash flows · cap 22.5% · 20% down
$56,900
2 units3 bd2 ba742 sqft
118 2nd St S, Virginia
Rents: county-wide median

Ways to slice it

Best cash flow now

Monthly cash flow at 20% down.

  1. 2328 1st Ave · Hibbing $1,702/mo
  2. 620 5th Ave · International Falls $1,513/mo
  3. 219 3rd Ave · Bovey $1,451/mo
  4. 319 1st Ave NW · Rothsay $1,402/mo
  5. 824 13th St N · Virginia $1,401/mo

+ 169 more on the city pages

Best long-term

Year-30 wealth vs. the same money in stocks.

  1. 422 Conley Ave S · Thief River Falls 33.26× stocks
  2. 2328 1st Ave · Hibbing 22.25× stocks
  3. 116 2nd St S · Virginia 19.91× stocks
  4. 824 13th St N · Virginia 19.50× stocks
  5. 20 5th St E · Halstad 16.88× stocks

+ 169 more on the city pages

Value-add

Under-rented, needs work, or room to negotiate.

  1. 111 Coleman Ave · Montevideo Long time on market: room to negotiate.
  2. 121 1st St W · Maple Lake Long time on market: room to negotiate.
  3. 124 E 17th St · Hibbing Long time on market: room to negotiate.
  4. 130 E 16th St · Hibbing Long time on market: room to negotiate.
  5. 210 7th Ave NE · Waseca Long time on market: room to negotiate.

+ 80 more on the city pages

Proceed with caution

Decent numbers, serious flags.

Nothing here right now.

Map

Explore by city

Every city in Greater Minnesota with a 2–4 unit listing, with the median monthly cash flow at 20% down.

All cities with listings (78)

Monthly cash flow: top 20

−$500$0$500$1,000$1,500$2,000break-even2328 1st Ave$1,702620 5th Ave$1,513219 3rd Ave$1,451319 1st Ave NW$1,402824 13th St N$1,40120 5th St E$1,387423 1st St NW$1,380202 N Cass Ave$1,329324 S 4th Ave E$1,302116 2nd St S$1,3011105 16th Ave E$1,223623 Horace Ave N$1,174420 S Pokegama Ave$1,166230 11th St N$1,163232 E Broadway St$1,159110 3rd Ave N$1,143404 Main St$1,092429 S 4th Ave E$988919 W Front St$977610 8th St SW$953

Needs more info

Left out of the rankings until a data problem is resolved.

  1. 10035 Pokegama Lake Road Dr · Pine City no rent estimate yet
  2. 1015 W 4th St · Duluth no rent estimate yet
  3. 106 Aspen Ave SW · Cass Lake no rent estimate yet
  4. 1116 7th Ave S · Saint Cloud no rent estimate yet
  5. 1127 N Lakeshore Dr · Lake City no rent estimate yet
  6. 1219 E Main St · Mankato no rent estimate yet
  7. 1530-1532 E 1st St · Duluth no rent estimate yet
  8. 1602/1604 W Front St · Albert Lea no rent estimate yet
  9. 208 Sw Mn 5 Hwy · Arlington no rent estimate yet
  10. 209 211 Farmdale Rd · Lake Lillian no rent estimate yet

+ 17 more on the city pages