1101 Bemidji Ave N

Cash flows

14 photos

Photos courtesy of Grimes Realty - Broker, via Realtor.com.

Asking price: $193,000
Monthly cash flow: $500
Estimated rent: $3,125/mo
Break-even price: $286,869

Adjust the numbers See the full breakdown

From the listing

Investment opportunity in a convenient in-town location! Situated on a corner lot with quick access to BSU, dining, entertainment, shopping, and parks, this well-maintained triplex offers strong income potential in a high-demand rental market. The property features two 1-bedroom units and one 2-bedroom unit, all currently leased with a solid rental history in place. Recent improvements include new carpet and paint in Units 1 and 3, a new refrigerator in Unit 1, new ceiling tiles in Unit 3, updated electrical throughout, new decking, and major exterior upgrades including a new boiler, soffits, fascia, and gutters. With reliable rental income, extensive updates, and a location that consistently attracts tenants, this property presents an excellent opportunity to expand your investment portfolio.

Listing courtesy of Grimes Realty - Broker (Rachel Hagge). Description from Realtor.com, MLS #7068991. 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: $193,000
Cash to close: $44,390
Price per unit: $64,333
GRM: 5.1

Each month

Cash flow: $500/mo
Cash-on-cash: 13.5%
Cap rate: 9.5%
DSCR: 1.49×

Break-even

Price that breaks even: $286,869
Rent that breaks even: $2,476/mo

Long run

Year 30: property vs stocks: $1.57M vs $338K
Cash flow turns positive: year 1

Monthly

Monthly breakdown

Rent	$3,125
Vacancy (6%)	−$188
Collected	$2,938
Property tax Listing	−$269
Insurance Estimate	−$296
Water, sewer, trash Estimate	−$255
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$250
Capital reserve (9% of rent)	−$281
Net operating income	$1,527
Mortgage (principal + interest)	−$1,027
Cash flow	$500
Principal paid down (equity, not cash)	$131

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	$468,462
Minus 6% selling cost	−$28,108
Minus loan still owedTenants' rent paid down all $173,700 of principal by year 30	$0
Plus rental profits, invested at 7%$407,731 of profit by year 30, before investment growth	$950,477
What you'd walk away with	$1,390,830
If you put the same money in stocks
Cash to close ($25,090) invested at 7%	$190,991
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	$190,991
Building minus stocks	$1,199,839

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$468,462
Minus 6% selling cost	−$28,108
Minus loan still owedTenants' rent paid down all $173,700 of principal by year 30	$0
Plus rental profits, invested at 7%$256,818 of profit by year 30, before investment growth	$539,390
What you'd walk away with	$979,743
If you put the same money in stocks
Cash to close ($25,090) invested at 7%	$190,991
Monthly shortfalls ($21 total by yr 30) investedThe money you'd have put into the building while it lost money	$148
What you'd walk away with	$191,139
Building minus stocks	$788,604

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$444,189
Minus 6% selling cost	−$26,651
Minus loan still owedTenants' rent paid down all $164,700 of principal by year 30	$0
Plus rental profits, invested at 7%$429,556 of profit by year 30, before investment growth	$1,020,090
What you'd walk away with	$1,437,627
If you put the same money in stocks
Cash to close ($23,790) invested at 7%	$181,096
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	$181,096
Building minus stocks	$1,256,531

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$444,189
Minus 6% selling cost	−$26,651
Minus loan still owedTenants' rent paid down all $164,700 of principal by year 30	$0
Plus rental profits, invested at 7%$278,623 of profit by year 30, before investment growth	$608,855
What you'd walk away with	$1,026,393
If you put the same money in stocks
Cash to close ($23,790) invested at 7%	$181,096
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	$181,096
Building minus stocks	$845,297

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$468,462
Minus 6% selling cost	−$28,108
Minus loan still owedTenants' rent paid down all $154,400 of principal by year 30	$0
Plus rental profits, invested at 7%$459,167 of profit by year 30, before investment growth	$1,129,616
What you'd walk away with	$1,569,970
If you put the same money in stocks
Cash to close ($44,390) invested at 7%	$337,908
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	$337,908
Building minus stocks	$1,232,062

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$468,462
Minus 6% selling cost	−$28,108
Minus loan still owedTenants' rent paid down all $154,400 of principal by year 30	$0
Plus rental profits, invested at 7%$308,234 of profit by year 30, before investment growth	$718,381
What you'd walk away with	$1,158,735
If you put the same money in stocks
Cash to close ($44,390) invested at 7%	$337,908
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	$337,908
Building minus stocks	$820,827

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$444,189
Minus 6% selling cost	−$26,651
Minus loan still owedTenants' rent paid down all $146,400 of principal by year 30	$0
Plus rental profits, invested at 7%$478,328 of profit by year 30, before investment growth	$1,189,947
What you'd walk away with	$1,607,485
If you put the same money in stocks
Cash to close ($42,090) invested at 7%	$320,400
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	$320,400
Building minus stocks	$1,287,085

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$444,189
Minus 6% selling cost	−$26,651
Minus loan still owedTenants' rent paid down all $146,400 of principal by year 30	$0
Plus rental profits, invested at 7%$327,395 of profit by year 30, before investment growth	$778,713
What you'd walk away with	$1,196,250
If you put the same money in stocks
Cash to close ($42,090) invested at 7%	$320,400
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	$320,400
Building minus stocks	$875,850

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$468,462
Minus 6% selling cost	−$28,108
Minus loan still owedTenants' rent paid down all $144,750 of principal by year 30	$0
Plus rental profits, invested at 7%$482,279 of profit by year 30, before investment growth	$1,202,391
What you'd walk away with	$1,642,744
If you put the same money in stocks
Cash to close ($54,040) invested at 7%	$411,366
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	$411,366
Building minus stocks	$1,231,378

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$468,462
Minus 6% selling cost	−$28,108
Minus loan still owedTenants' rent paid down all $144,750 of principal by year 30	$0
Plus rental profits, invested at 7%$331,346 of profit by year 30, before investment growth	$791,156
What you'd walk away with	$1,231,510
If you put the same money in stocks
Cash to close ($54,040) invested at 7%	$411,366
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	$411,366
Building minus stocks	$820,144

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$444,189
Minus 6% selling cost	−$26,651
Minus loan still owedTenants' rent paid down all $137,250 of principal by year 30	$0
Plus rental profits, invested at 7%$500,243 of profit by year 30, before investment growth	$1,258,951
What you'd walk away with	$1,676,489
If you put the same money in stocks
Cash to close ($51,240) invested at 7%	$390,052
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	$390,052
Building minus stocks	$1,286,437

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$444,189
Minus 6% selling cost	−$26,651
Minus loan still owedTenants' rent paid down all $137,250 of principal by year 30	$0
Plus rental profits, invested at 7%$349,310 of profit by year 30, before investment growth	$847,716
What you'd walk away with	$1,265,254
If you put the same money in stocks
Cash to close ($51,240) invested at 7%	$390,052
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	$390,052
Building minus stocks	$875,202

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 $1.57M, stocks $338K. 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.

2 bed estimate $1,175/mo · range $950–$1,375 · 465 rentals across Greater Minnesota

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
1101 Bemidji Ave NE, Bemidji	$950	2 / 1	—	0.0 mi	2026-10-01	Apartment
1108 Beltrami Ave NW, Bemidji	$1,200	2 / 1	1,064	0.0 mi	2026-09-01	Apartment
325 Summit Ave W Apt 202, Blackduck	$1,000	2 / 1	—	22.9 mi	2026-09-28	Apartment
210 Park Ave, Park Rapids	$1,020	2 / 1	800	39.2 mi	2026-09-01	Apartment
313 1st St E Apt 8, Park Rapids	$825	2 / 1	—	39.3 mi	2025-06-16	Apartment
203 Helten Ave, Park Rapids	$685	2 / 1	—	39.4 mi	2025-12-13	Apartment
11 1st Ave NE, Deer River	$800	2 / 1	—	51.8 mi	2026-09-05	Apartment
502 Riverwood Dr, Detroit Lakes	$1,115	2 / 1	1,041	63.2 mi	2026-10-01	Apartment
2199 SW 8th St # 233, Grand Rapids	$1,950	2 / 1	1,182	64.1 mi	—	Apartment
2199 SW 8th St # 118, Grand Rapids	$1,750	2 / 1	937	64.1 mi	—	Apartment

1 bed estimate $975/mo · range $825–$1,250 · 357 rentals across Greater Minnesota

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
1114 Minnesota Ave NW, Bemidji	$1,025	1 / 1	—	0.1 mi	2026-10-01	Apartment
125 Roman Dr NW, Bemidji	$825	1 / 1	—	2.8 mi	2026-06-12	Apartment
12244 2nd St, Northome	$663	1 / 1	676	38.9 mi	2024-10-26	Apartment
1022 Comstock Dr, Deer River	$624	1 / 1	550	51.6 mi	2024-11-12	Apartment
207 Cedar St NE, Remer	$742	1 / 1	550	53.8 mi	2025-02-17	Apartment
502 Riverwood Dr, Detroit Lakes	$935	1 / 1	773	63.2 mi	2026-10-01	Apartment
2199 SW 8th St # 403, Grand Rapids	$1,250	1 / 1	662	64.1 mi	—	Apartment
2199 SW 8th St # 232, Grand Rapids	$1,475	1 / 1	772	64.1 mi	—	Apartment
2199 SW 8th St # 105, Grand Rapids	$1,325	1 / 1	662	64.1 mi	—	Apartment
2199 SW 8th St # 121, Grand Rapids	$1,425	1 / 1	716	64.1 mi	—	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 1101 BEMIDJI AVE N

Opportunities

Long time on market: room to negotiate. Based on: Listing data: 151 days on market, 1 price cuts

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 2025. 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.	$3,226
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$3,547
Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid	$255
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. built 1910: +1 pt capital reserve	8% / 9%

Status history

2026-05-07Price cut at $193,000 (was $219,900) · from listing history
2026-05-07New at $193,000

From the listing Listing

Listed as	triplex
Property tax, 2025	$3,226
County	Beltrami
Parcel number	800131300

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 Bemidji on rental licensing before you buy.