Solar-Powered
New
For Sale
$575,000
449 Selby Avenue, Saint Paul, MN 55102
MULTI_FAMILY - Saint Paul, MN
Property Size1,871 SF
Lot Size0.11 Acres
Price / SF$307.32
Days on Market6
Property Features for 449 Selby Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
Residential-Multi-Family
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bathroom 3, Basement, Bedroom 2, Bedroom 3, Bedroom 1
Parking features
Open, Garage - Detached, Garage, Secured, Driveway
Exterior features
Wood
Subdivision
Selby, Mcclung And, Vanmeters
Lot features
Public Transit (w/in 6 blks), Tree Coverage - Medium, Underground Utilities
High school district
St. Paul
Directions
Western Ave to Selby Ave. West to 449 Selby.
Standard status
Active
APN
012823210258
Size
1,871 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9979
Utilities
Heating system
Forced Air, Baseboard
Amenities
solar panel array
electric vehicle charging
permeable paver patio
front porch
landscaping
Building Details
Year built
1886
Building materials
Stone
Roof type
Shingle, Composition
Listing Agency:
RE/MAX Results · RE/MAX International
(952) 884-8404
Listed By:
Joseph D Oslund
(952) 829-2900
Added: Jul 31
Changed: Aug 5
Last Checked: Aug 5 at 6:06PM
MLS# 7119004
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1886, this triplex contains three one-bedroom, one-bathroom units within 1,871 square feet. Original trim, woodwork, hardwood floors, large windows, and vintage architectural elements are paired with modern light fixtures. The property also includes a basement, wood exterior, stone construction, and shingle and composition roofing.
A newer 32' x 20' detached three-car garage adds secured parking and incorporates a 27-panel 8kWh solar panel array, electric vehicle charging, and off-peak metering. The system produces 9,100 kWh per year. The 0.107-acre parcel includes an asphalt driveway, limestone landscaping, perennial plantings, and a permeable paver patio and walkway.
Located at 449 Selby Avenue in Saint Paul’s Cathedral Hill community, the property is near restaurants, cafes, trails, parks, schools, Mississippi Co-op, and the St. Paul Curling Club.
A newer 32' x 20' detached three-car garage adds secured parking and incorporates a 27-panel 8kWh solar panel array, electric vehicle charging, and off-peak metering. The system produces 9,100 kWh per year. The 0.107-acre parcel includes an asphalt driveway, limestone landscaping, perennial plantings, and a permeable paver patio and walkway.
Located at 449 Selby Avenue in Saint Paul’s Cathedral Hill community, the property is near restaurants, cafes, trails, parks, schools, Mississippi Co-op, and the St. Paul Curling Club.
Key Highlights
- Three 1‑bedroom, 1‑bathroom units in a 1,871‑square‑foot triplex
- Built in 1886 with original trim, woodwork, and hardwood flooring
- Newer 32' x 20' detached 3‑car garage
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.5k | $22.20 |
| − Vacancy | −$2.5k | −$1.33 |
| EGI | $39.1k | $20.87 |
| − OpEx | −$11.7k | −$6.26 |
| NOI | $27.3k | $14.61 |
1,871 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$390.5K
$341.7K – $455.6K
NOI $27,337 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$358.7K
$313.9K – $418.5K
NOI $25,108 @ 7.0% cap · market cap 4.37%
Theoretical Best
Healthcare Medical
$460.4K
$402.9K – $537.2K
NOI $32,230 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,917
Businesses Nearby
Explore this area
Business Placement
Demographics for 55102, MN
20,355
Population
11,582
Households
1.8
Avg Household Size
39
Median Age
55%
College-Educated
96%
High-School Grad
3.3 sq mi
ZIP Area
6,168
Density / Sq Mi
$74,143
Median Household Income
$54,042
Median Earnings
$1,295
Median Rent
$280,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three one-bedroom residences retain historic detailing while offering updated fixtures, hardwood floors, and a detached garage.
Where is this triplex located?
The property is located at 449 Selby Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Three 1‑bedroom, 1‑bathroom units in a 1,871‑square‑foot triplex; Built in 1886 with original trim, woodwork, and hardwood flooring; Newer 32' x 20' detached 3‑car garage
