506 3rd Ave NE
Roseau, MN · View the listing ↗
Photos, via Realtor.com.
Needs more info before these numbers mean much. no rent estimate yet
No rent estimate yet, so the numbers can't be run. Run it yourself in the calculator →
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 506 3RD AVE NE
- mediumProjected utility bill-backs (RUBS) are not income yet, and in St. Paul they may count toward the 3% cap. Listing says: "electric. Overall performance could increase by implementing a Ratio Utility Billing System (RUBS) program to absorb some of the"
Opportunities
- Long time on market: room to negotiate. Based on: Listing data: 90 days on market
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
Status history
- New at $505,000
From the listing Listing
| Listed as | multi family |
| Property tax, 2026 | $7,434 |
| County | Roseau |
| Parcel number | 540239200 |
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 Roseau on rental licensing before you buy.