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$570,000

5 Beds 3 Baths 2,703 SQFT 0.20 Acres
Type: Multi-Family

588 Selby Avenue
Saint Paul, MN 55102

MLS#: 7109457
Sherrie Christian
Sherrie Christian
The Real Estate Advantage
Broker
Phone: 612.247.1238
Office: 952.226.7700
Presented by: Edina Realty, Inc.

Property Description

 

Motivated seller offering flexible financing options on this one-of-a-kind Saint Paul triplex! For qualified buyers, seller is willing to do a Contract for Deed lower than 6% interest rate. Ask your agent for details and terms. Rare opportunity to own a distinctive Victorian triplex blending timeless character with the peace of mind of newer construction. Originally relocated to its current location in the late 1980s, the home features a Victorian exterior while the foundation, plumbing, electrical, windows, and much of the interior were rebuilt during the move. The property showcases charming period details, including vibrant Victorian paint colors, two front balconies, select original hardwood floors, and an inviting front porch. The desirable unit mix includes a spacious 2-bedroom plus nook apartment with a full front walk-out porch, offering excellent appeal for both owner-occupants and investors. Numerous updates have been completed over the past few years, including fresh paint, new flooring, updated appliances, closet improvements, and more. Outside, you'll find four off-street parking spaces and a generous backyard with alley access. Ideally located between the highly sought-after Cathedral Hill and Summit-University neighborhoods, you're just steps from Mississippi Market Co-op, popular restaurants, coffee shops, and boutique shopping, with quick access to I-94 and just minutes from downtown Saint Paul. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this distinctive property offers an exceptional opportunity in one of Saint Paul's most desirable historic neighborhoods.


 

Interior Features

Bedrooms

Total Bedrooms5

Bathrooms

Total Baths3

Other Interior Features

Above Grade Finished Area1,880 sqft
BasementFinished
Basement (Y/N)Yes
Below Grade Finished Area823 sqft
Foundation Dimensions47x20
FuelNatural Gas
Laundry FeaturesIn Basement, Common Area, Gas Dryer Hookup, Lower Level, Laundry Room

General

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesLaundry, Coin-op Laundry Owned, Lobby Entrance, Porch
CitySaint Paul
Construction MaterialsBlock
ContingencyNone
CountyRamsey
DirectionsWest on 94, take the Dale exit, turn left off of the exit, take a left on Selby Ave. Property is on the right hand side a few doors down.
ElectricCircuit Breakers
Electric Expense0
Fuel Expense2048.02
Garage Spaces0
Gross Income42410
HeatingHot Water
High School DistrictSt. Paul
Insurance Expense5381.44
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area2,703 sqft
Lot Size UnitsAcres
MaintenanceExpense0
Net Operating Income32457.36
New ConstructionNo
Number Of Units Total3
Operating Expense9952.64
OwnerPaysCommon Area Maintenance, Fuel, Grounds Care, Heat, Hot Water, Repairs, Management, Sewer, Snow Removal, Trash Collection, Water
Pool FeaturesNone
PostalCitySaint Paul
Property SubtypeTriplex
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameWoodland Park Addition, To St
Tax Annual Amount$10,934
Tax Year2026
Tenant PaysElectricity
Trash Expense1024.9
Water Sewer Expense1498.28
Year Built1869
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total2,820 sqft
FencingNone
Foundation Area940 sqft
Lot Dimensions50x173
Lot Size Area0 sqft
Parking FeaturesAssigned, Parking Lot, Paved Lot, Open
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Middle School N/A
High School N/A
Elementary School N/A

  

Similar Properties

$570,000

5 Beds 3 Baths 2,703 SQFT 0.20 Acres
Type: Multi-Family

588 Selby Avenue
Saint Paul, MN 55102

MLS#: 7109457
Sherrie Christian
Sherrie Christian
The Real Estate Advantage
Broker
Phone: 612.247.1238
Office: 952.226.7700