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    1050 Selby Ave Saint Paul, MN 55104

    • Investment properties
    • 4,794 SF
    • 0.10 lot acres
    For Sale
    View listing
    $625,000
    Value Estimation
    Last Sale
    Nov 15, 2021
    $501,000
    Location Intelligence
    Property ID
    US46-0084792
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 1050 Selby Ave

    Year built
    1915
    Construction
    WOOD FRAME
    Lot size
    0.10 lot acres
    Property size
    4,794 SF
    Zone code
    D
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    02-28-23-22-0107
    APU
    22823220107

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $400,000

    • CAP approach

      CAP return
      Estimation
      6%
      $495,000
      6.5%
      $485,000
      7%
      $475,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $545,000
      Geo Method
      $495,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $660,000
      Retail
      $605,000
      Mixed-Use
      $560,000
      Hospitality
      $550,000
      Educational
      $570,000
      Residential Income
      $625,000
      Energy
      $645,000
      Income-Based Land
      $615,000
      Food Service
      $590,000

    Location Insight

    • Map
    • Local Demand
    City
    Saint Paul
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.1445
    Latitude
    44.9464
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,556
    $65,500
    $394,800
    $460,300
    -
    $65,500
    $394,800
    $460,300

    Comparable in this City

    • Value Estimation by Request
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      1955 Marshall Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 12,520 SF
      1955 Marshall Ave, Saint Paul, MN 55104-5838
      View Details
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      1218 Thomas Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 8,746 SF
      1218 Thomas Ave, Saint Paul, MN 55104-2538
      View Details
    • Value Estimation by Request
      1,548 SF

      1730 University W Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,548 SF
      1730 University W Ave, Saint Paul, MN 55104-3615
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    • Value Estimation by Request
      9,888 SF

      1668 Selby Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 9,888 SF
      1668 Selby Ave, Saint Paul, MN 55104-6149
      View Details
    • Value Estimation by Request
      6,396 SF

      642 Selby Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,396 SF
      642 Selby Ave, Saint Paul, MN 55104-6614
      View Details

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    • Contact for pricing

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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
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