2733 Virginia Ave N

69 photos

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

Asking price: $550,000
Monthly cash flow: −$58
Estimated rent: $5,700/mo
Break-even price: $539,134

Adjust the numbers See the full breakdown

From the listing

Solid investment opportunity in a desirable New Hope location! This fully rented 4-unit property offers an attractive combination of established rental income and a well-maintained building. Each unit provides comfortable living space, while the clean, well-kept common areas create a welcoming environment for residents and add to the overall appeal of the property. With all four units currently leased, this is an excellent opportunity for an investor looking for a property with established occupancy and income already in place. Conveniently located near shopping, dining, parks, schools, and major roadways, this property offers both tenant appeal and long-term investment potential.

Listing courtesy of RE/MAX Results (Kerby & Cristina Real Estate Experts). Description from Realtor.com, MLS #7132087. 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: $550,000
Cash to close: $126,500
Price per unit: $137,500
GRM: 8.0

Each month

Cash flow: −$58/mo
Cash-on-cash: −0.5%
Cap rate: 6.3%
DSCR: 0.98×

Break-even

Price that breaks even: $539,134
Rent that breaks even: $5,774/mo

Long run

Year 30: property vs stocks: $2.26M vs $968K
Cash flow turns positive: year 2

Monthly

Monthly breakdown

Rent	$5,700
Vacancy (6%)	−$342
Collected	$5,358
Property tax Listing	−$810
Insurance Estimate	−$367
Water, sewer, trash Estimate	−$340
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$456
Capital reserve (8% of rent)	−$456
Net operating income	$2,870
Mortgage (principal + interest)	−$2,927
Cash flow	−$58
Principal paid down (equity, not cash)	$372

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	$1,334,994
Minus 6% selling cost	−$80,100
Minus loan still owedTenants' rent paid down all $495,000 of principal by year 30	$0
Plus rental profits, invested at 7%$392,004 of profit by year 30, before investment growth	$688,703
What you'd walk away with	$1,943,597
If you put the same money in stocks
Cash to close ($71,500) invested at 7%	$544,276
Monthly shortfalls ($30,777 total by yr 30) investedThe money you'd have put into the building while it lost money	$199,097
What you'd walk away with	$743,373
Building minus stocks	$1,200,224

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,334,994
Minus 6% selling cost	−$80,100
Minus loan still owedTenants' rent paid down all $495,000 of principal by year 30	$0
Plus rental profits, invested at 7%$176,482 of profit by year 30, before investment growth	$257,910
What you'd walk away with	$1,512,805
If you put the same money in stocks
Cash to close ($71,500) invested at 7%	$544,276
Monthly shortfalls ($90,557 total by yr 30) investedThe money you'd have put into the building while it lost money	$518,397
What you'd walk away with	$1,062,673
Building minus stocks	$450,132

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,310,722
Minus 6% selling cost	−$78,643
Minus loan still owedTenants' rent paid down all $486,000 of principal by year 30	$0
Plus rental profits, invested at 7%$409,829 of profit by year 30, before investment growth	$733,449
What you'd walk away with	$1,965,527
If you put the same money in stocks
Cash to close ($70,200) invested at 7%	$534,380
Monthly shortfalls ($26,776 total by yr 30) investedThe money you'd have put into the building while it lost money	$174,230
What you'd walk away with	$708,610
Building minus stocks	$1,256,917

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,310,722
Minus 6% selling cost	−$78,643
Minus loan still owedTenants' rent paid down all $486,000 of principal by year 30	$0
Plus rental profits, invested at 7%$189,127 of profit by year 30, before investment growth	$281,428
What you'd walk away with	$1,513,506
If you put the same money in stocks
Cash to close ($70,200) invested at 7%	$534,380
Monthly shortfalls ($81,376 total by yr 30) investedThe money you'd have put into the building while it lost money	$472,301
What you'd walk away with	$1,006,682
Building minus stocks	$506,824

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,334,994
Minus 6% selling cost	−$80,100
Minus loan still owedTenants' rent paid down all $440,000 of principal by year 30	$0
Plus rental profits, invested at 7%$508,501 of profit by year 30, before investment growth	$1,005,044
What you'd walk away with	$2,259,939
If you put the same money in stocks
Cash to close ($126,500) invested at 7%	$962,950
Monthly shortfalls ($694 total by yr 30) investedThe money you'd have put into the building while it lost money	$4,937
What you'd walk away with	$967,887
Building minus stocks	$1,292,052

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,334,994
Minus 6% selling cost	−$80,100
Minus loan still owedTenants' rent paid down all $440,000 of principal by year 30	$0
Plus rental profits, invested at 7%$261,801 of profit by year 30, before investment growth	$429,720
What you'd walk away with	$1,684,615
If you put the same money in stocks
Cash to close ($126,500) invested at 7%	$962,950
Monthly shortfalls ($29,296 total by yr 30) investedThe money you'd have put into the building while it lost money	$179,706
What you'd walk away with	$1,142,656
Building minus stocks	$541,959

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,310,722
Minus 6% selling cost	−$78,643
Minus loan still owedTenants' rent paid down all $432,000 of principal by year 30	$0
Plus rental profits, invested at 7%$527,023 of profit by year 30, before investment growth	$1,060,831
What you'd walk away with	$2,292,910
If you put the same money in stocks
Cash to close ($124,200) invested at 7%	$945,442
Monthly shortfalls ($55 total by yr 30) investedThe money you'd have put into the building while it lost money	$393
What you'd walk away with	$945,835
Building minus stocks	$1,347,075

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,310,722
Minus 6% selling cost	−$78,643
Minus loan still owedTenants' rent paid down all $432,000 of principal by year 30	$0
Plus rental profits, invested at 7%$275,852 of profit by year 30, before investment growth	$461,020
What you'd walk away with	$1,693,098
If you put the same money in stocks
Cash to close ($124,200) invested at 7%	$945,442
Monthly shortfalls ($24,187 total by yr 30) investedThe money you'd have put into the building while it lost money	$150,674
What you'd walk away with	$1,096,116
Building minus stocks	$596,982

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,334,994
Minus 6% selling cost	−$80,100
Minus loan still owedTenants' rent paid down all $412,500 of principal by year 30	$0
Plus rental profits, invested at 7%$573,672 of profit by year 30, before investment growth	$1,207,495
What you'd walk away with	$2,462,390
If you put the same money in stocks
Cash to close ($154,000) invested at 7%	$1,172,287
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	$1,172,287
Building minus stocks	$1,290,103

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,334,994
Minus 6% selling cost	−$80,100
Minus loan still owedTenants' rent paid down all $412,500 of principal by year 30	$0
Plus rental profits, invested at 7%$312,208 of profit by year 30, before investment growth	$546,831
What you'd walk away with	$1,801,726
If you put the same money in stocks
Cash to close ($154,000) invested at 7%	$1,172,287
Monthly shortfalls ($13,838 total by yr 30) investedThe money you'd have put into the building while it lost money	$89,428
What you'd walk away with	$1,261,715
Building minus stocks	$540,011

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,310,722
Minus 6% selling cost	−$78,643
Minus loan still owedTenants' rent paid down all $405,000 of principal by year 30	$0
Plus rental profits, invested at 7%$591,635 of profit by year 30, before investment growth	$1,264,056
What you'd walk away with	$2,496,134
If you put the same money in stocks
Cash to close ($151,200) invested at 7%	$1,150,973
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	$1,150,973
Building minus stocks	$1,345,161

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,310,722
Minus 6% selling cost	−$78,643
Minus loan still owedTenants' rent paid down all $405,000 of principal by year 30	$0
Plus rental profits, invested at 7%$326,918 of profit by year 30, before investment growth	$583,385
What you'd walk away with	$1,815,463
If you put the same money in stocks
Cash to close ($151,200) invested at 7%	$1,150,973
Monthly shortfalls ($10,585 total by yr 30) investedThe money you'd have put into the building while it lost money	$69,421
What you'd walk away with	$1,220,394
Building minus stocks	$595,069

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 $2.26M, stocks $968K. 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 $1,500/mo · range $1,300–$1,600 · 13 rentals within 1.5 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
2800 Hillsboro Ave N-2800 Hillsboro Ave N Unit …	$1,599	2 / 1	988	0.6 mi	—	Apartment
2911 Hillsboro Ave N, New Hope	$1,295	2 / 1	1,100	0.7 mi	2025-01-08	Apartment
8015 36th Ave N, New Hope	$1,775	2 / 1	976	0.9 mi	2024-04-13	Apartment
7611 36th Ave N, New Hope	$1,649	2 / 2	1,070	0.9 mi	2025-05-15	Apartment
7710 36th Ave N, Crystal	$1,500	2 / 2	1,050	1.0 mi	2024-04-12	Apartment
2500 Nathan Ln N, Plymouth	$1,624	2 / 1.5	1,000	1.0 mi	2024-04-26	Apartment
3501 Louisiana Ave N, Crystal	$1,589	2 / 1	1,000	1.0 mi	2026-01-14	Apartment
3501 Hillsboro Ave N, New Hope	$1,490	2 / 1	1,020	1.1 mi	2026-07-30	Apartment
7104 36th Ave N, New Hope	$1,249	2 / 1	800	1.1 mi	2026-01-21	Apartment
3610 Lancaster Ln N, Plymouth	$1,435	2 / 1	950	1.3 mi	2024-04-12	Apartment

1 bed estimate $1,200/mo · range $1,150–$1,275 · 9 rentals within 1.5 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
2740 Xylon Ave N Apt 1, New Hope	$1,150	1 / 1	450	0.0 mi	2026-08-01	Apartment
2911 Hillsboro Ave N, New Hope	$1,075	1 / 1	790	0.7 mi	2025-01-08	Apartment
8100 36th Ave N, New Hope	$1,250	1 / 1	750	0.9 mi	2026-07-29	Apartment
7611 36th Ave N, New Hope	$1,381	1 / 1	775	0.9 mi	2025-05-15	Apartment
7710 36th Ave N, Crystal	$1,200	1 / 1	750	1.0 mi	2024-04-12	Apartment
7201 36th Ave N, Crystal	$1,185	1 / 1	710	1.1 mi	2026-02-20	Apartment
3610 Lancaster Ln N, Plymouth	$1,289	1 / 1	743	1.3 mi	2024-04-12	Apartment
9630 37th Pl N, Plymouth	$1,275	1 / 1	800	1.4 mi	2024-06-11	Apartment
9700 37th Pl N, Plymouth	$1,129	1 / 1	860	1.5 mi	2024-04-26	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 2733 VIRGINIA AVE N

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.	$9,718
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$4,400
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. base rate	8% / 8%

Status history

2026-09-29New at $550,000

From the listing Listing

Listed as	four plex
Property tax, 2026	$9,718
County	Hennepin
Parcel number	1911821440073

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 Hope on rental licensing before you buy.