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    1050 Selby Ave Saint Paul, MN 55104

    Sponsored
    For Sale
    $625,000

    St. Paul gem: 4 units, high ROI.

    Property size:
    4,794 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 1048 & 1050 Selby Avenue in Saint Paul, Minnesota, presents a compelling investment opportunity. The building, constructed in 1915 and extensively renovated between 2021 and 2023, encompasses 4,794 square feet on a 0.1-acre lot. The property features a desirable blend of commercial and residential space, currently operating at 75% occupancy. The main floor offers ideal space for retail or office use, while the second floor houses two apartments—a two-bedroom and a three-bedroom unit. The asking price is $625,000, translating to $130.37 per square foot. Recent updates include HVAC and A/C system improvements. The property includes a four-stall surface parking lot and benefits from Mixed Residential/Commercial zoning within Ramsey County, zip code 55104. This multi-tenant investment opportunity is situated in a prime Saint Paul location, just east of Lexington Avenue, offering strong potential for rental income and future appreciation. The two-story building provides a unique blend of commercial and residential uses, making it an attractive option for investors seeking a diversified portfolio.

    Property Features for 1050 Selby Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    4,794 SF
    Lot Size
    4,356 SF

    Building Details

    Year Built/Renovated
    1915/2021
    Stories
    2
    Units
    4

    HighLights

    • Mixed‑use building, 4,794 sq ft, on 0.1‑acre lot in Saint Paul, MN.
    • Recently renovated (2021‑2023).
    • 75% occupancy, with retail/office space on the main floor and two apartments (2‑bed & 3‑bed) upstairs.
    • Asking price: $625,000 ($130.37/sq ft).
    • Features updated HVAC/AC, four‑stall parking lot, and Mixed Residential/Commercial zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saint Paul
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.1445195
    Latitude
    44.9464507

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    FAQs

    What type of property is this?
    Mixed-use property - St. Paul gem: 4 units, high ROI.
    Where is this mixed-use property located?
    The property is located at 1050 Selby Ave Saint Paul, MN.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: Mixed-use building, 4,794 sq ft, on 0.1-acre lot in Saint Paul, MN.; Recently renovated (2021-2023).; 75% occupancy, with retail/office space on the main floor and two apartments (2-bed & 3-bed) upstairs.
    (651) 351-5005
    Request Owner's contact information
    1050 Selby Ave Saint Paul, MN 55104
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    Saint Paul, MN 55104
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1050 Selby Ave Saint Paul, MN 55104
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