St. Paul › North End

1232 Albemarle St

Saint Paul, MN · North End (South Como) · Find the listing ↗

Overpriced

Asking price: $300,000
Monthly cash flow: −$339
Estimated rent: $2,700/mo
Break-even price: $236,247

Adjust these numbers in the calculator See the full breakdown

The numbers

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

Estimated rent per unit Estimate

2 bed / 1 bath (est.)$1,350 $1,150–$1,550
2 bed / 1 bath (est.)$1,350 $1,150–$1,550

Rough screening estimate from bedroom count only ($750 + $300 per bedroom, ±15%). Not comparable-rental data; a RentCast estimate replaces it for the top candidates. Confidence: low.

Rent rules: Capped at 3%/yr for sitting tenants.

Price: $300,000
Monthly cash flow: −$339
Cash to close: $69,000
Cap rate: 5.0%
Cash-on-cash: −5.9%
DSCR: 0.79×
GRM: 9.3
Price per unit: $150,000
Price that breaks even: $236,247
Rent that breaks even: $3,141/mo
Cash flow turns positive: year 11
Year 30: property vs stocks: $882K vs $652K

Monthly breakdown

Rent	$2,700
Vacancy (6%)	−$162
Collected	$2,538
Property tax Public record	−$390
Insurance Estimate	−$202
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$216
Capital reserve (9% of rent)	−$243
Net operating income	$1,257
Mortgage (principal + interest)	−$1,597
Cash flow	−$339
Principal paid down (equity, not cash)	$203

Cash flow each year

Rents +3%/yr (St. Paul's cap for sitting tenants), costs +3.5%/yr. Red bars are months you'd cover out of pocket.

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

This propertyStocks at 7%

Year 30 (loan paid off): property $882K, stocks $652K. The property wins.

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$728,179
Minus 6% selling cost	−$43,691
Minus loan still owedTenants' rent paid down all $270,000 of principal by year 30	$0
Plus rental profits, invested at 7%$81,074 of profit by year 30, before investment growth	$114,594
What you'd walk away with	$799,082
If you put the same money in stocks
Cash to close ($39,000) invested at 7%	$296,878
Monthly shortfalls ($57,891 total by yr 30) investedThe money you'd have put into the building while it lost money	$322,752
What you'd walk away with	$619,630
Building minus stocks	$179,452

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$728,179
Minus 6% selling cost	−$43,691
Minus loan still owedTenants' rent paid down all $270,000 of principal by year 30	$0
Plus rental profits, invested at 7%$15,730 of profit by year 30, before investment growth	$18,080
What you'd walk away with	$702,568
If you put the same money in stocks
Cash to close ($39,000) invested at 7%	$296,878
Monthly shortfalls ($122,953 total by yr 30) investedThe money you'd have put into the building while it lost money	$581,545
What you'd walk away with	$878,423
Building minus stocks	−$175,855

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$703,906
Minus 6% selling cost	−$42,234
Minus loan still owedTenants' rent paid down all $261,000 of principal by year 30	$0
Plus rental profits, invested at 7%$92,951 of profit by year 30, before investment growth	$135,755
What you'd walk away with	$797,427
If you put the same money in stocks
Cash to close ($37,700) invested at 7%	$286,982
Monthly shortfalls ($47,942 total by yr 30) investedThe money you'd have put into the building while it lost money	$274,300
What you'd walk away with	$561,282
Building minus stocks	$236,145

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$703,906
Minus 6% selling cost	−$42,234
Minus loan still owedTenants' rent paid down all $261,000 of principal by year 30	$0
Plus rental profits, invested at 7%$21,628 of profit by year 30, before investment growth	$25,713
What you'd walk away with	$687,384
If you put the same money in stocks
Cash to close ($37,700) invested at 7%	$286,982
Monthly shortfalls ($107,026 total by yr 30) investedThe money you'd have put into the building while it lost money	$519,565
What you'd walk away with	$806,547
Building minus stocks	−$119,163

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$728,179
Minus 6% selling cost	−$43,691
Minus loan still owedTenants' rent paid down all $240,000 of principal by year 30	$0
Plus rental profits, invested at 7%$124,403 of profit by year 30, before investment growth	$197,208
What you'd walk away with	$881,696
If you put the same money in stocks
Cash to close ($69,000) invested at 7%	$525,246
Monthly shortfalls ($21,268 total by yr 30) investedThe money you'd have put into the building while it lost money	$126,911
What you'd walk away with	$652,157
Building minus stocks	$229,539

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$728,179
Minus 6% selling cost	−$43,691
Minus loan still owedTenants' rent paid down all $240,000 of principal by year 30	$0
Plus rental profits, invested at 7%$39,204 of profit by year 30, before investment growth	$50,561
What you'd walk away with	$735,049
If you put the same money in stocks
Cash to close ($69,000) invested at 7%	$525,246
Monthly shortfalls ($66,475 total by yr 30) investedThe money you'd have put into the building while it lost money	$335,571
What you'd walk away with	$860,817
Building minus stocks	−$125,768

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$703,906
Minus 6% selling cost	−$42,234
Minus loan still owedTenants' rent paid down all $232,000 of principal by year 30	$0
Plus rental profits, invested at 7%$137,868 of profit by year 30, before investment growth	$226,093
What you'd walk away with	$887,765
If you put the same money in stocks
Cash to close ($66,700) invested at 7%	$507,737
Monthly shortfalls ($15,572 total by yr 30) investedThe money you'd have put into the building while it lost money	$95,465
What you'd walk away with	$603,202
Building minus stocks	$284,563

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$703,906
Minus 6% selling cost	−$42,234
Minus loan still owedTenants' rent paid down all $232,000 of principal by year 30	$0
Plus rental profits, invested at 7%$47,376 of profit by year 30, before investment growth	$63,131
What you'd walk away with	$724,803
If you put the same money in stocks
Cash to close ($66,700) invested at 7%	$507,737
Monthly shortfalls ($55,485 total by yr 30) investedThe money you'd have put into the building while it lost money	$287,809
What you'd walk away with	$795,547
Building minus stocks	−$70,744

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$728,179
Minus 6% selling cost	−$43,691
Minus loan still owedTenants' rent paid down all $225,000 of principal by year 30	$0
Plus rental profits, invested at 7%$150,339 of profit by year 30, before investment growth	$254,261
What you'd walk away with	$938,749
If you put the same money in stocks
Cash to close ($84,000) invested at 7%	$639,429
Monthly shortfalls ($11,277 total by yr 30) investedThe money you'd have put into the building while it lost money	$70,843
What you'd walk away with	$710,272
Building minus stocks	$228,477

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$728,179
Minus 6% selling cost	−$43,691
Minus loan still owedTenants' rent paid down all $225,000 of principal by year 30	$0
Plus rental profits, invested at 7%$55,317 of profit by year 30, before investment growth	$76,035
What you'd walk away with	$760,523
If you put the same money in stocks
Cash to close ($84,000) invested at 7%	$639,429
Monthly shortfalls ($46,661 total by yr 30) investedThe money you'd have put into the building while it lost money	$247,924
What you'd walk away with	$887,353
Building minus stocks	−$126,830

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$703,906
Minus 6% selling cost	−$42,234
Minus loan still owedTenants' rent paid down all $217,500 of principal by year 30	$0
Plus rental profits, invested at 7%$164,416 of profit by year 30, before investment growth	$287,705
What you'd walk away with	$949,376
If you put the same money in stocks
Cash to close ($81,200) invested at 7%	$618,115
Monthly shortfalls ($7,391 total by yr 30) investedThe money you'd have put into the building while it lost money	$47,726
What you'd walk away with	$665,841
Building minus stocks	$283,535

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$703,906
Minus 6% selling cost	−$42,234
Minus loan still owedTenants' rent paid down all $217,500 of principal by year 30	$0
Plus rental profits, invested at 7%$64,565 of profit by year 30, before investment growth	$91,818
What you'd walk away with	$753,489
If you put the same money in stocks
Cash to close ($81,200) invested at 7%	$618,115
Monthly shortfalls ($37,946 total by yr 30) investedThe money you'd have put into the building while it lost money	$207,146
What you'd walk away with	$825,261
Building minus stocks	−$71,772

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.

Red flags and opportunities

Watch for

mediumFire-inspection grade C: more deficiencies than typical; expect more frequent inspections and repair orders. Public record: St. Paul Certificate of Occupancy – Residential: 1232 ALBEMARLE ST, grade/tier=C, status=Renewal Due
medium$1,111 in special assessments on the payable 2026 tax bill (often street, sewer or code-enforcement charges). Ask what they're for, whether they continue, and whether the seller pays them off at closing. Public record: Ramsey County parcel 242923440124: special assessments (payable 2026) = $1,110.80
lowChanged hands in Mar 2026; the county record doesn't show a price. Ask what the seller paid and what changed since. Public record: Ramsey County parcel 242923440124: last sale 2026-03-05

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 Public recordRamsey County record, payable 2026 (non-homestead)	$4,677
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,422
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 1910: +1 pt capital reserve	8% / 9%

County record Public record

Recorded as	two family dwelling - up/dwn
Living units	2
Year built	1910
Market value (2026)	$217,500
Property tax, payable 2026	$4,677
Special assessments	$1,111
Homestead	no
Last sale	2026-03-05

Source: Ramsey County parcel records.

City rental certificate (CofO)

Residential 2 Units: 2 unit(s), C, status renewal due, renews 2025-03-03.

Nearest highway

I 35E;US 10, about 1415 m away.

Crime in North End

1,364 incidents in the last 12 months (57 per 1,000 residents), +7% vs. the year before. St. Paul police incidents, excluding proactive visits and community events.

Status history

2026-09-10Price increase at $300,000 (was $140,000) · from listing history
2026-03-26Price cut at $140,000 (was $160,000) · from listing history
2026-09-10New at $300,000