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Nick Leavy

nick@ermetro.com +1(612) 236-5331

$775,000

Est. payment - /mo

9 Beds

6 Baths

5,183 Sqft Lot

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Key Details

Property Type Commercial

Listing Status Contingent

Purchase Type For Sale

Subdivision Skidmore & Cassedys, Park Add

MLS Listing ID 7037701

Bedrooms 9

Year Built 1916

Annual Tax Amount $15,622

Tax Year 2026

Contingent Inspection

Lot Size 5,183 Sqft

Lot Dimensions 47x109

Property Description

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.

Location

State MN

County Ramsey

Zoning Residential-Multi-Family

Interior

Heating Boiler

Inclusions Building

Fireplace No

Exterior

Parking Features On-Street Parking Only

Utilities Available Electric Separate, Heating Common

Roof Type Age 8 Years or Less

Present Use Residential

Building

Story Two

Foundation 2400

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District St. Paul

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Listed by William Glendenning • Edina Realty, Inc.

Nearby School & Business

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1733 Selby AVE Saint Paul, MN 55104