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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 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.80% | Lot Size | 0.12 AC |
| Gross Rent Multiplier | 8.38 | Building Size | 7,216 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1916 |
| Zoning | RM2 - Medium-Density Multiple-Family Residential | ||
| 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
| Parcel Number | 04-28-23-12-0073 | Improvements Assessment | $804,559 CAD |
| Land Assessment | $163,639 CAD | Total Assessment | $968,199 CAD |
Property Taxes
Parcel Number
04-28-23-12-0073
Land Assessment
$163,639 CAD
Improvements Assessment
$804,559 CAD
Total Assessment
$968,199 CAD
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