1011 19th St S

29 photos

Photos courtesy of RE/MAX Legacy Realty, via Realtor.com.

Asking price: $385,000
Monthly cash flow: −$83
Estimated rent: $4,000/mo
Break-even price: $369,342

Adjust the numbers See the full breakdown

From the listing

Excellent investment opportunity with this well-maintained 4-plex apartment building, featuring four spacious 3-bedroom, 1-bath units and a strong rental history. This property offers solid cash flow and has seen numerous updates, including a new roof, new windows, updated bathroom fixtures, and some newer appliances, making it an attractive addition to any portfolio. Located directly across the street from a brand-new city park with a swimming pool, basketball courts, and playground equipment, this property combines dependable income potential with a highly desirable location tenants will appreciate. Contact your favorite Realtor and schedule a tour today!

Listing courtesy of RE/MAX Legacy Realty (Jennifer Buchert). Description from Realtor.com, MLS #7073653. Believed reliable but not guaranteed; confirm with the listing agent. View on Realtor.com ↗

The numbers

Edit rents, costs and assumptions

Default: 20% down (no PMI), offer at asking, self-managed, 7.00% for 30 years, buyer pays closing costs (3%).

The deal

Price: $385,000
Cash to close: $88,550
Price per unit: $96,250
GRM: 8.0

Each month

Cash flow: −$83/mo
Cash-on-cash: −1.1%
Cap rate: 6.1%
DSCR: 0.96×

Break-even

Price that breaks even: $369,342
Rent that breaks even: $4,108/mo

Long run

Year 30: property vs stocks: $1.52M vs $684K
Cash flow turns positive: year 3

Monthly

Monthly breakdown

Rent	$4,000
Vacancy (6%)	−$240
Collected	$3,760
Property tax Listing	−$330
Insurance Estimate	−$384
Water, sewer, trash Estimate	−$340
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (9% of rent)	−$360
Capital reserve (8% of rent)	−$320
Net operating income	$1,966
Mortgage (principal + interest)	−$2,049
Cash flow	−$83
Principal paid down (equity, not cash)	$261

Cash flow each year

Rents +3%/yr, costs +3.5%/yr. Red bars are months you'd cover out of pocket.

30 years

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$934,496
Minus 6% selling cost	−$56,070
Minus loan still owedTenants' rent paid down all $346,500 of principal by year 30	$0
Plus rental profits, invested at 7%$252,754 of profit by year 30, before investment growth	$434,503
What you'd walk away with	$1,312,930
If you put the same money in stocks
Cash to close ($50,050) invested at 7%	$380,993
Monthly shortfalls ($24,881 total by yr 30) investedThe money you'd have put into the building while it lost money	$159,427
What you'd walk away with	$540,420
Building minus stocks	$772,510

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$934,496
Minus 6% selling cost	−$56,070
Minus loan still owedTenants' rent paid down all $346,500 of principal by year 30	$0
Plus rental profits, invested at 7%$106,583 of profit by year 30, before investment growth	$151,585
What you'd walk away with	$1,030,011
If you put the same money in stocks
Cash to close ($50,050) invested at 7%	$380,993
Monthly shortfalls ($71,905 total by yr 30) investedThe money you'd have put into the building while it lost money	$402,889
What you'd walk away with	$783,882
Building minus stocks	$246,129

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$910,223
Minus 6% selling cost	−$54,613
Minus loan still owedTenants' rent paid down all $337,500 of principal by year 30	$0
Plus rental profits, invested at 7%$270,021 of profit by year 30, before investment growth	$476,417
What you'd walk away with	$1,332,027
If you put the same money in stocks
Cash to close ($48,750) invested at 7%	$371,097
Monthly shortfalls ($20,322 total by yr 30) investedThe money you'd have put into the building while it lost money	$131,727
What you'd walk away with	$502,825
Building minus stocks	$829,202

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$910,223
Minus 6% selling cost	−$54,613
Minus loan still owedTenants' rent paid down all $337,500 of principal by year 30	$0
Plus rental profits, invested at 7%$118,538 of profit by year 30, before investment growth	$172,975
What you'd walk away with	$1,028,585
If you put the same money in stocks
Cash to close ($48,750) invested at 7%	$371,097
Monthly shortfalls ($62,033 total by yr 30) investedThe money you'd have put into the building while it lost money	$354,666
What you'd walk away with	$725,764
Building minus stocks	$302,821

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$934,496
Minus 6% selling cost	−$56,070
Minus loan still owedTenants' rent paid down all $308,000 of principal by year 30	$0
Plus rental profits, invested at 7%$331,838 of profit by year 30, before investment growth	$641,931
What you'd walk away with	$1,520,357
If you put the same money in stocks
Cash to close ($88,550) invested at 7%	$674,065
Monthly shortfalls ($1,359 total by yr 30) investedThe money you'd have put into the building while it lost money	$9,503
What you'd walk away with	$683,569
Building minus stocks	$836,788

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$934,496
Minus 6% selling cost	−$56,070
Minus loan still owedTenants' rent paid down all $308,000 of principal by year 30	$0
Plus rental profits, invested at 7%$162,996 of profit by year 30, before investment growth	$260,320
What you'd walk away with	$1,138,746
If you put the same money in stocks
Cash to close ($88,550) invested at 7%	$674,065
Monthly shortfalls ($25,712 total by yr 30) investedThe money you'd have put into the building while it lost money	$154,273
What you'd walk away with	$828,339
Building minus stocks	$310,407

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$910,223
Minus 6% selling cost	−$54,613
Minus loan still owedTenants' rent paid down all $300,000 of principal by year 30	$0
Plus rental profits, invested at 7%$350,001 of profit by year 30, before investment growth	$695,329
What you'd walk away with	$1,550,939
If you put the same money in stocks
Cash to close ($86,250) invested at 7%	$656,557
Monthly shortfalls ($361 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,571
What you'd walk away with	$659,128
Building minus stocks	$891,811

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$910,223
Minus 6% selling cost	−$54,613
Minus loan still owedTenants' rent paid down all $300,000 of principal by year 30	$0
Plus rental profits, invested at 7%$176,527 of profit by year 30, before investment growth	$289,466
What you'd walk away with	$1,145,076
If you put the same money in stocks
Cash to close ($86,250) invested at 7%	$656,557
Monthly shortfalls ($20,082 total by yr 30) investedThe money you'd have put into the building while it lost money	$123,088
What you'd walk away with	$779,645
Building minus stocks	$365,431

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$934,496
Minus 6% selling cost	−$56,070
Minus loan still owedTenants' rent paid down all $288,750 of principal by year 30	$0
Plus rental profits, invested at 7%$376,584 of profit by year 30, before investment growth	$777,599
What you'd walk away with	$1,656,025
If you put the same money in stocks
Cash to close ($107,800) invested at 7%	$820,601
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$820,601
Building minus stocks	$835,424

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$934,496
Minus 6% selling cost	−$56,070
Minus loan still owedTenants' rent paid down all $288,750 of principal by year 30	$0
Plus rental profits, invested at 7%$196,685 of profit by year 30, before investment growth	$335,244
What you'd walk away with	$1,213,671
If you put the same money in stocks
Cash to close ($107,800) invested at 7%	$820,601
Monthly shortfalls ($13,295 total by yr 30) investedThe money you'd have put into the building while it lost money	$84,026
What you'd walk away with	$904,627
Building minus stocks	$309,044

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$910,223
Minus 6% selling cost	−$54,613
Minus loan still owedTenants' rent paid down all $281,250 of principal by year 30	$0
Plus rental profits, invested at 7%$394,548 of profit by year 30, before investment growth	$834,160
What you'd walk away with	$1,689,770
If you put the same money in stocks
Cash to close ($105,000) invested at 7%	$799,287
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$799,287
Building minus stocks	$890,483

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$910,223
Minus 6% selling cost	−$54,613
Minus loan still owedTenants' rent paid down all $281,250 of principal by year 30	$0
Plus rental profits, invested at 7%$210,850 of profit by year 30, before investment growth	$369,106
What you'd walk away with	$1,224,716
If you put the same money in stocks
Cash to close ($105,000) invested at 7%	$799,287
Monthly shortfalls ($9,497 total by yr 30) investedThe money you'd have put into the building while it lost money	$61,327
What you'd walk away with	$860,614
Building minus stocks	$364,102

Future dollars. At 3% inflation, divide year-30 figures by about 2.4 for today's buying power. Rental profits are assumed invested, not spent.

30 years: this property vs. the same money in stocks

This propertyStocks at 7%

Year 30 (loan paid off): property $1.52M, stocks $684K. The property wins.

Comparable rentals

The closest rental listings with each unit's bedroom count, as of 2026-10-04. The estimate is the median asking rent of every rental we found nearby (the count is shown for each); houses are left out. Asking rents from Realtor.com rental listings, not signed leases.

3 bed estimate $1,000/mo · range $925–$1,700 · 9 rentals within 1.5 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
921 19th St S Apt 4, Moorhead	$1,000	3 / 1	850	0.1 mi	2026-09-27	Apartment
1011 18 1/2 St S, Moorhead	$925	3 / 1	—	0.1 mi	2025-12-25	Apartment
915-18 1/2 St S, Moorhead	$945	3 / 2	1,035	0.1 mi	2025-01-03	Apartment
1810 12th Ave S, Moorhead	$925	3 / 1	—	0.1 mi	2026-06-24	Apartment
1802 12th Ave S, Moorhead	$925	3 / 1	—	0.1 mi	2025-12-25	Apartment
1521 1st Ave N, Moorhead	$1,440	3 / 2	1,400	0.9 mi	2025-04-29	Apartment
1102 28th Ave S, Moorhead	$1,695	3 / 2	1,617	1.2 mi	2026-08-12	Apartment
900 30th Ave S, Moorhead	$1,880	3 / 2	1,364	1.5 mi	2025-07-10	Apartment
1402 Belsly Blvd, Moorhead	$1,695	3 / 2	1,332	1.5 mi	2025-07-02	Apartment

On the maps, this property and comparable rentals. Comparable rentals and rent estimate: Realtor.com rental listings. Rents are asking rents from listings; check them against the actual leases.

Red flags and opportunities

Watch for

mediumCouldn't match this address to a county parcel record, so taxes and unit count are unverified. Public record: County parcels: no match for 1011 19TH ST S

Opportunities

Long time on market: room to negotiate. Based on: Listing data: 143 days on market

Questions for the agent

Can we see the current leases and a rent roll, with move-in dates?
What did water/sewer/trash, heat and electric cost the owner over the last 12 months?
How old are the roof, boiler or furnaces, water heaters and electrical panels?
Is the building licensed as a rental for this many units, and when was the last city inspection?
Any special assessments pending, and will the seller pay them off at closing?

Standard questions worth asking about any building.

What the records say

Where each number comes from

Property tax / yr Listinglisting, tax year 2026. The tax the listing states. If the seller lives there it may be at the lower homestead rate; an investor owner pays the non-homestead rate, often 20–40% more on the owner's unit.	$3,964
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$4,606
Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid	$340
Heat / mo Assumptionassumption. tenants pay heat; confirm with the agent	$0
Lawn care / mo Assumptionassumption. $120/mo for 6 months, spread over 12; no snow removal	$60
Repairs / capital reserve Rulerule. 12 bedrooms: +1 pt repairs for wear	9% / 8%

Status history

2026-05-15New at $385,000

From the listing Listing

Listed as	four plex
Property tax, 2026	$3,964
County	Clay
Parcel number	586890800

As the listing states it (NorthstarMLS, via Realtor.com). We don't have county records here yet; check the tax, homestead status and special assessments with the county.

Crime, rental-license and vacant-building records are only available for St. Paul and Minneapolis so far. Check with Moorhead on rental licensing before you buy.