429 5th Ave S

South Saint Paul, MN · View the listing ↗

Overpriced

38 photos

Photos courtesy of Keller Williams Realty, via Realtor.com.

Asking price: $350,000
Monthly cash flow: −$539
Estimated rent: $2,700/mo
Break-even price: $248,783

Adjust the numbers See the full breakdown

From the listing

Turnkey Investor or House-Hack Opportunity Near Roosevelt Field Park! Beautifully maintained up/down duplex located just steps from Roosevelt Field Park, with easy walkability to multiple neighborhood parks, the river, and local dining! Enjoy unbeatable convenience with quick access to major highways. A house hackers dream property! This property offers an instant return on investment with no imminent work required-ideal for an investor looking to expand their portfolio or a savvy buyer looking to house hack in a premier location. Main Level (2 Bed / 1 Bath): Features gleaming natural hardwood floors, an updated kitchen, and a newly renovated bathroom. Upper Level (2 Bed / 1 Bath): Offers a bright layout featuring two spacious bedrooms and a beautifully appointed bathroom. Both units enjoy access to a fully fenced-in backyard equipped with separate, dedicated patio spaces for each tenant. Plus, the full unfinished basement provides tremendous potential to add finished square footage and build instant sweat equity!

Listing courtesy of Keller Williams Realty (Victoria De La Mora). Description from Realtor.com, MLS #7127510. 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: $350,000
Cash to close: $80,500
Price per unit: $175,000
GRM: 10.8

Each month

Cash flow: −$539/mo
Cash-on-cash: −8.0%
Cap rate: 4.5%
DSCR: 0.71×

Break-even

Price that breaks even: $248,783
Rent that breaks even: $3,391/mo

Long run

Year 30: property vs stocks: $935K vs $873K
Cash flow turns positive: year 14

Monthly

Monthly breakdown

Rent	$2,700
Vacancy (6%)	−$162
Collected	$2,538
Property tax Listing	−$372
Insurance Estimate	−$180
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$216
Capital reserve (8% of rent)	−$216
Net operating income	$1,324
Mortgage (principal + interest)	−$1,863
Cash flow	−$539
Principal paid down (equity, not cash)	$237

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	$849,542
Minus 6% selling cost	−$50,973
Minus loan still owedTenants' rent paid down all $315,000 of principal by year 30	$0
Plus rental profits, invested at 7%$54,334 of profit by year 30, before investment growth	$70,005
What you'd walk away with	$868,575
If you put the same money in stocks
Cash to close ($45,500) invested at 7%	$346,358
Monthly shortfalls ($100,261 total by yr 30) investedThe money you'd have put into the building while it lost money	$518,790
What you'd walk away with	$865,148
Building minus stocks	$3,427

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$849,542
Minus 6% selling cost	−$50,973
Minus loan still owedTenants' rent paid down all $315,000 of principal by year 30	$0
Plus rental profits, invested at 7%$5,959 of profit by year 30, before investment growth	$6,364
What you'd walk away with	$804,933
If you put the same money in stocks
Cash to close ($45,500) invested at 7%	$346,358
Monthly shortfalls ($182,292 total by yr 30) investedThe money you'd have put into the building while it lost money	$810,455
What you'd walk away with	$1,156,813
Building minus stocks	−$351,880

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,269
Minus 6% selling cost	−$49,516
Minus loan still owedTenants' rent paid down all $306,000 of principal by year 30	$0
Plus rental profits, invested at 7%$63,458 of profit by year 30, before investment growth	$83,990
What you'd walk away with	$859,743
If you put the same money in stocks
Cash to close ($44,200) invested at 7%	$336,462
Monthly shortfalls ($87,559 total by yr 30) investedThe money you'd have put into the building while it lost money	$463,162
What you'd walk away with	$799,624
Building minus stocks	$60,119

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,269
Minus 6% selling cost	−$49,516
Minus loan still owedTenants' rent paid down all $306,000 of principal by year 30	$0
Plus rental profits, invested at 7%$9,405 of profit by year 30, before investment growth	$10,303
What you'd walk away with	$786,056
If you put the same money in stocks
Cash to close ($44,200) invested at 7%	$336,462
Monthly shortfalls ($163,912 total by yr 30) investedThe money you'd have put into the building while it lost money	$744,782
What you'd walk away with	$1,081,244
Building minus stocks	−$295,188

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$849,542
Minus 6% selling cost	−$50,973
Minus loan still owedTenants' rent paid down all $280,000 of principal by year 30	$0
Plus rental profits, invested at 7%$94,443 of profit by year 30, before investment growth	$135,941
What you'd walk away with	$934,510
If you put the same money in stocks
Cash to close ($80,500) invested at 7%	$612,787
Monthly shortfalls ($47,092 total by yr 30) investedThe money you'd have put into the building while it lost money	$259,861
What you'd walk away with	$872,648
Building minus stocks	$61,862

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$849,542
Minus 6% selling cost	−$50,973
Minus loan still owedTenants' rent paid down all $280,000 of principal by year 30	$0
Plus rental profits, invested at 7%$24,277 of profit by year 30, before investment growth	$28,922
What you'd walk away with	$827,492
If you put the same money in stocks
Cash to close ($80,500) invested at 7%	$612,787
Monthly shortfalls ($107,332 total by yr 30) investedThe money you'd have put into the building while it lost money	$508,150
What you'd walk away with	$1,120,936
Building minus stocks	−$293,444

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,269
Minus 6% selling cost	−$49,516
Minus loan still owedTenants' rent paid down all $272,000 of principal by year 30	$0
Plus rental profits, invested at 7%$105,440 of profit by year 30, before investment growth	$156,076
What you'd walk away with	$931,830
If you put the same money in stocks
Cash to close ($78,200) invested at 7%	$595,278
Monthly shortfalls ($38,928 total by yr 30) investedThe money you'd have put into the building while it lost money	$219,666
What you'd walk away with	$814,944
Building minus stocks	$116,886

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,269
Minus 6% selling cost	−$49,516
Minus loan still owedTenants' rent paid down all $272,000 of principal by year 30	$0
Plus rental profits, invested at 7%$30,334 of profit by year 30, before investment growth	$37,140
What you'd walk away with	$812,893
If you put the same money in stocks
Cash to close ($78,200) invested at 7%	$595,278
Monthly shortfalls ($94,228 total by yr 30) investedThe money you'd have put into the building while it lost money	$456,036
What you'd walk away with	$1,051,315
Building minus stocks	−$238,422

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$849,542
Minus 6% selling cost	−$50,973
Minus loan still owedTenants' rent paid down all $262,500 of principal by year 30	$0
Plus rental profits, invested at 7%$119,419 of profit by year 30, before investment growth	$182,969
What you'd walk away with	$981,538
If you put the same money in stocks
Cash to close ($98,000) invested at 7%	$746,001
Monthly shortfalls ($30,153 total by yr 30) investedThe money you'd have put into the building while it lost money	$174,915
What you'd walk away with	$920,916
Building minus stocks	$60,622

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$849,542
Minus 6% selling cost	−$50,973
Minus loan still owedTenants' rent paid down all $262,500 of principal by year 30	$0
Plus rental profits, invested at 7%$38,432 of profit by year 30, before investment growth	$48,629
What you'd walk away with	$847,198
If you put the same money in stocks
Cash to close ($98,000) invested at 7%	$746,001
Monthly shortfalls ($79,573 total by yr 30) investedThe money you'd have put into the building while it lost money	$395,882
What you'd walk away with	$1,141,883
Building minus stocks	−$294,685

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,269
Minus 6% selling cost	−$49,516
Minus loan still owedTenants' rent paid down all $255,000 of principal by year 30	$0
Plus rental profits, invested at 7%$131,166 of profit by year 30, before investment growth	$206,689
What you'd walk away with	$982,442
If you put the same money in stocks
Cash to close ($95,200) invested at 7%	$724,687
Monthly shortfalls ($23,937 total by yr 30) investedThe money you'd have put into the building while it lost money	$142,075
What you'd walk away with	$866,761
Building minus stocks	$115,681

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,269
Minus 6% selling cost	−$49,516
Minus loan still owedTenants' rent paid down all $255,000 of principal by year 30	$0
Plus rental profits, invested at 7%$45,633 of profit by year 30, before investment growth	$59,380
What you'd walk away with	$835,133
If you put the same money in stocks
Cash to close ($95,200) invested at 7%	$724,687
Monthly shortfalls ($68,811 total by yr 30) investedThe money you'd have put into the building while it lost money	$350,072
What you'd walk away with	$1,074,759
Building minus stocks	−$239,626

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 $935K, stocks $873K. 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 $1,350/mo · range $1,175–$1,475 · 10 rentals within 1.5 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
614 1st Ave S Unit 1, South Saint Paul	$1,335	2 / 1	1,000	0.3 mi	—	Apartment
1028 8th Ave S, South Saint Paul	$1,175	2 / 1	785	0.8 mi	2026-01-16	Apartment
233 Buron Ln, South Saint Paul	$1,150	2 / 1	575	1.0 mi	2025-01-03	Apartment
138 Dwane St Apt 3, South Saint Paul	$1,450	2 / 1	1,300	1.0 mi	2026-10-02	Apartment
352 21st Ave S, South Saint Paul	$1,025	2 / 1	780	1.0 mi	2025-02-27	Apartment
5480 Blackberry Trl, Inver Grove Heights	$1,860	2 / 2	1,235	1.3 mi	2025-03-15	Apartment
2044 Oakdale Ave, West Saint Paul	$1,435	2 / 1	982	1.5 mi	2025-01-03	Apartment
364 Marie Ave E, West Saint Paul	$1,230	2 / 1	700	1.5 mi	2025-01-08	Apartment
1240 Bryant Ave, Saint Paul	$1,349	2 / 1	800	1.5 mi	2025-01-03	Apartment
1926 Oakdale Ave, West Saint Paul	$1,525	2 / 1	930	1.5 mi	2024-04-12	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 429 5TH AVE S

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.	$4,462
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,160
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. base rate	8% / 8%

Status history

2026-08-14New at $350,000

From the listing Listing

Listed as	duplex up and down
Property tax, 2026	$4,462
County	Dakota
Parcel number	366430010080

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 South Saint Paul on rental licensing before you buy.

Nearest highway

I 494, about 1102 m away.