1733 Selby Ave - Apartments FOR SALE


Saint Paul, MN 55104- Merriam Park East
$775,000 USD
651-690-8441
1733 Selby Ave, Saint Paul, MN for Sale
$775,000 USD
Apartments - FOR SALE
1/16
null | 7.8% Cap Rate

1733 Selby Ave
Saint Paul, MN 55104
Merriam Park East


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$123 USD /SF

# OF UNITS

6

PRICE/UNIT

$129,167

CAP RATE

7.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1916

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

RM2

APN/PARCEL ID

04-28-23-12-0073

ASK ABOUT THIS PROPERTY

Brian GlendenningEdina RealtyMore Info
651-690-8441

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Brian GlendenningEdina RealtyMore Info
651-690-8441

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.