1899 Selby Ave
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1899 Selby Ave
7 Unit Apartment Building $935,000 ($133,571/Unit) 7.05% Cap Rate Saint Paul, MN 55104
EXECUTIVE SUMMARY
Charming 5-unit Brownstone Apartment building located in St Paul only a few blocks from St Thomas University. Well maintained building. The apartment units are large and spacious, featuring natural woodwork, hardwood floors, built-ins, and both front and back entrances. 4-3br Units and 1 2br. Detached 4-car garage behind the property.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$121,700
|
$23.44
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$121,700
|
$23.44
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$55,805
|
$10.75
|
| Net Operating Income |
$65,895
|
$12.69
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $121,700 |
| Annual Per SF | $23.44 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $121,700 |
| Annual Per SF | $23.44 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $55,805 |
| Annual Per SF | $10.75 |
| Net Operating Income | |
|---|---|
| Annual | $65,895 |
| Annual Per SF | $12.69 |
PROPERTY FACTS
| Price | $935,000 | Apartment Style | Low Rise |
| Price Per Unit | $133,571 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 7.05% | Building Size | 5,192 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1916 |
| Price | $935,000 |
| Price Per Unit | $133,571 |
| Sale Type | Investment |
| Cap Rate | 7.05% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,192 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1916 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 4 | - | 1,200 |
| 2+1 | 3 | - | 900 |
1 of 1
Walk Score®
Very Walkable (74)
Bike Score®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 04-28-23-21-0062 | Improvements Assessment | $946,500 (2023) |
| Land Assessment | $100,000 (2023) | Total Assessment | $1,046,500 (2023) |
PROPERTY TAXES
Parcel Number
04-28-23-21-0062
Land Assessment
$100,000 (2023)
Improvements Assessment
$946,500 (2023)
Total Assessment
$1,046,500 (2023)
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1899 Selby Ave
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