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1733 Selby Ave
Saint Paul, MN 55104
Multifamily Property For Sale · 6 Units

Investment Highlights

  • Great location!
  • Newer Roof and Electrical
  • Spacious, well maintained units

Executive Summary

This well-maintained six-unit apartment building in the highly sought-after Merriam Park neighborhood of St. Paul presents an outstanding investment opportunity. Ideally situated just on Selby Avenue, the property offers convenient access to public transportation, local shops, restaurants, and nearby universities—making it consistently desirable for tenants. The building features four spacious above ground units, each offering approximately 950 square feet, with two bedrooms plus a sunroom. These units showcase beautiful original woodwork, hardwood floors, and classic built-in buffets that add charm and character. The garden level includes two units: one efficiency and one one-bedroom, providing a diverse unit mix that appeals to a range of renters. Recent updates include a new roof (2018) and all-new separate electrical panels (2017), ensuring modern functionality and peace of mind for ownership. This property has been meticulously cared for and demonstrates strong rental appeal, resulting in excellent cash flow. With its prime location, timeless features, and solid financial performance, this property is a smart addition to any investment portfolio.

Property Facts

Price Per Unit $176,139 CAD
Sale Type Investment
Cap Rate 7.80%
Gross Rent Multiplier 8.38
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.12 AC
Building Size 7,216 SF
Average Occupancy 100%
No. Stories 3
Year Built 1916
Zoning RM2 - Medium-Density Multiple-Family Residential

Amenities

Unit Amenities

  • Air Conditioning
  • Microwave
  • Heating
  • Refrigerator
  • Oven
  • Tub/Shower
  • Freezer
  • Smoke Free

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Smoke Free
  • Walk-Up
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 1 $1,111 CAD 510
1+1 1 $1,255 CAD 685
2+1 4 $2,032 CAD 945 - 950

Property Taxes

Property Taxes

Parcel Number
04-28-23-12-0073
Land Assessment
$163,639 CAD
Improvements Assessment
$804,559 CAD
Total Assessment
$968,199 CAD
  • Listing ID: 40269300

  • Date on Market: 2026-04-23

  • Last Updated:

  • Address: 1733 Selby Ave, Saint Paul, MN 55104

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