119 N 7th Ave W

Duluth, MN · View the listing ↗

Far off

12 photos

Photos courtesy of RE/MAX Results, via Realtor.com.

Asking price: $419,900
Monthly cash flow: −$974
Estimated rent: $2,825/mo
Break-even price: $236,884

Adjust the numbers See the full breakdown

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: $419,900
Cash to close: $96,577
Price per unit: $209,950
GRM: 12.4

Each month

Cash flow: −$974/mo
Cash-on-cash: −12.1%
Cap rate: 3.6%
DSCR: 0.56×

Break-even

Price that breaks even: $236,884
Rent that breaks even: $4,090/mo

Long run

Year 30: property vs stocks: $979K vs $1.41M
Cash flow turns positive: year 24

Monthly

Monthly breakdown

Rent	$2,825
Vacancy (6%)	−$170
Collected	$2,656
Property tax Listing	−$448
Insurance Estimate	−$236
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$226
Capital reserve (9% of rent)	−$254
Net operating income	$1,261
Mortgage (principal + interest)	−$2,235
Cash flow	−$974
Principal paid down (equity, not cash)	$284

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	$1,019,208
Minus 6% selling cost	−$61,152
Minus loan still owedTenants' rent paid down all $377,910 of principal by year 30	$0
Plus rental profits, invested at 7%$2,414 of profit by year 30, before investment growth	$2,474
What you'd walk away with	$960,529
If you put the same money in stocks
Cash to close ($54,587) invested at 7%	$415,530
Monthly shortfalls ($243,496 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,048,568
What you'd walk away with	$1,464,099
Building minus stocks	−$503,570

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,019,208
Minus 6% selling cost	−$61,152
Minus loan still owedTenants' rent paid down all $377,910 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$958,055
If you put the same money in stocks
Cash to close ($54,587) invested at 7%	$415,530
Monthly shortfalls ($377,525 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,417,850
What you'd walk away with	$1,833,380
Building minus stocks	−$875,325

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$994,935
Minus 6% selling cost	−$59,696
Minus loan still owedTenants' rent paid down all $368,910 of principal by year 30	$0
Plus rental profits, invested at 7%$4,570 of profit by year 30, before investment growth	$4,785
What you'd walk away with	$940,024
If you put the same money in stocks
Cash to close ($53,287) invested at 7%	$405,634
Monthly shortfalls ($223,826 total by yr 30) investedThe money you'd have put into the building while it lost money	$981,266
What you'd walk away with	$1,386,900
Building minus stocks	−$446,876

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$994,935
Minus 6% selling cost	−$59,696
Minus loan still owedTenants' rent paid down all $368,910 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$935,239
If you put the same money in stocks
Cash to close ($53,287) invested at 7%	$405,634
Monthly shortfalls ($355,700 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,348,237
What you'd walk away with	$1,753,871
Building minus stocks	−$818,632

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,019,208
Minus 6% selling cost	−$61,152
Minus loan still owedTenants' rent paid down all $335,920 of principal by year 30	$0
Plus rental profits, invested at 7%$18,684 of profit by year 30, before investment growth	$21,372
What you'd walk away with	$979,427
If you put the same money in stocks
Cash to close ($96,577) invested at 7%	$735,169
Monthly shortfalls ($147,859 total by yr 30) investedThe money you'd have put into the building while it lost money	$677,722
What you'd walk away with	$1,412,891
Building minus stocks	−$433,464

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,019,208
Minus 6% selling cost	−$61,152
Minus loan still owedTenants' rent paid down all $335,920 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$958,055
If you put the same money in stocks
Cash to close ($96,577) invested at 7%	$735,169
Monthly shortfalls ($265,618 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,028,106
What you'd walk away with	$1,763,275
Building minus stocks	−$805,220

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$994,935
Minus 6% selling cost	−$59,696
Minus loan still owedTenants' rent paid down all $327,920 of principal by year 30	$0
Plus rental profits, invested at 7%$23,601 of profit by year 30, before investment growth	$27,616
What you'd walk away with	$962,855
If you put the same money in stocks
Cash to close ($94,277) invested at 7%	$717,661
Monthly shortfalls ($133,615 total by yr 30) investedThe money you'd have put into the building while it lost money	$623,634
What you'd walk away with	$1,341,295
Building minus stocks	−$378,440

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$994,935
Minus 6% selling cost	−$59,696
Minus loan still owedTenants' rent paid down all $327,920 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$935,239
If you put the same money in stocks
Cash to close ($94,277) invested at 7%	$717,661
Monthly shortfalls ($246,458 total by yr 30) investedThe money you'd have put into the building while it lost money	$967,775
What you'd walk away with	$1,685,435
Building minus stocks	−$750,196

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,019,208
Minus 6% selling cost	−$61,152
Minus loan still owedTenants' rent paid down all $314,925 of principal by year 30	$0
Plus rental profits, invested at 7%$32,887 of profit by year 30, before investment growth	$39,974
What you'd walk away with	$998,029
If you put the same money in stocks
Cash to close ($117,572) invested at 7%	$894,988
Monthly shortfalls ($111,777 total by yr 30) investedThe money you'd have put into the building while it lost money	$537,992
What you'd walk away with	$1,432,980
Building minus stocks	−$434,951

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,019,208
Minus 6% selling cost	−$61,152
Minus loan still owedTenants' rent paid down all $314,925 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$958,055
If you put the same money in stocks
Cash to close ($117,572) invested at 7%	$894,988
Monthly shortfalls ($215,333 total by yr 30) investedThe money you'd have put into the building while it lost money	$869,774
What you'd walk away with	$1,764,762
Building minus stocks	−$806,707

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$994,935
Minus 6% selling cost	−$59,696
Minus loan still owedTenants' rent paid down all $307,425 of principal by year 30	$0
Plus rental profits, invested at 7%$39,006 of profit by year 30, before investment growth	$48,506
What you'd walk away with	$983,744
If you put the same money in stocks
Cash to close ($114,772) invested at 7%	$873,674
Monthly shortfalls ($99,933 total by yr 30) investedThe money you'd have put into the building while it lost money	$489,963
What you'd walk away with	$1,363,637
Building minus stocks	−$379,893

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$994,935
Minus 6% selling cost	−$59,696
Minus loan still owedTenants' rent paid down all $307,425 of principal by year 30	$0
Plus rental profits, invested at 7%$453 of profit by year 30, before investment growth	$453
What you'd walk away with	$935,691
If you put the same money in stocks
Cash to close ($114,772) invested at 7%	$873,674
Monthly shortfalls ($197,823 total by yr 30) investedThe money you'd have put into the building while it lost money	$813,666
What you'd walk away with	$1,687,340
Building minus stocks	−$751,649

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 $979K, stocks $1.41M. Stocks win.

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.

5 bed estimate $1,575/mo · range $1,350–$1,975 · 33 rentals across Greater Minnesota

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
622 E 8th St, Duluth	$1,950	4 / 1	1,300	1.3 mi	2026-01-29	Apartment
902 N 11th Ave E, Duluth	$1,585	4 / 1	1,119	1.7 mi	2026-06-10	Apartment
1 N Hawthorne Rd, Duluth	$2,800	4 / 2	2,150	3.4 mi	2026-08-24	Apartment
1741 Sahlman Ave, Cloquet	$1,500	4 / 2	1,260	16.7 mi	2025-01-03	Apartment
1812 16th St SE, Saint Cloud	$1,675	4 / 1	1,200	128.8 mi	2025-05-02	Apartment
423 6th Ave S, Saint Cloud	$330	4 / 1	—	129.5 mi	2024-04-15	Apartment
817 6th Ave S Apt 303, Saint Cloud	$1,340	4 / 1	—	129.7 mi	2026-09-14	Apartment
1010 6th Ave S Apt 301, Saint Cloud	$1,300	4 / 1	900	129.8 mi	2026-06-18	Apartment
1217 4th Ave S Apt 202, Saint Cloud	$1,550	4 / 2	1,000	129.8 mi	2025-06-17	Apartment
500 12th St S Apt 206, Saint Cloud	$1,550	4 / 1	—	129.8 mi	2026-09-11	Apartment

1 bed estimate $1,250/mo · range $1,250–$1,500 · 7 rentals within 0.75 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
715 W 2nd St, Duluth	$1,055	1 / 1	492	0.1 mi	2026-09-05	Apartment
521 W 2nd St, Duluth	$1,260	1 / 1	648	0.1 mi	2025-02-28	Apartment
5 W 1st St Unit 2201, Duluth	$1,495	1 / 1	776	0.6 mi	—	Apartment
5 W 1st St Unit 2-207, Duluth	$1,250	1 / 1	589	0.6 mi	—	Apartment
1 E 1st St Unit 1-501, Duluth	$1,400	1 / 1	601	0.6 mi	—	Apartment
1 E 1st St Unit 1-212, Duluth	$1,245	1 / 1	495	0.6 mi	—	Apartment
1 W 4th St, Duluth	$1,500	1 / 1	—	0.7 mi	2026-02-12	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 119 7TH AVE W N
mediumAsking is $183,016 above the price where cash flow breaks even ($236,884) at the default scenario. Based on: Derived: price $419,900 vs. break-even $236,884

Opportunities

None found.

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.	$5,379
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,834
Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid	$170
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 1888: +1 pt capital reserve	8% / 9%

Status history

2026-08-26New at $419,900

From the listing Listing

Listed as	duplex
Property tax, 2026	$5,379
County	St. Louis County
Parcel number	010-1230-02850

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 Duluth on rental licensing before you buy.