Exceptional investment opportunity in one of St Pauls most iconic and sought-after neighborhoods. Located along the premier stretch of Selby Avenue in Cathedral Hill, this duplex offers immediate cash flow potential combined with long-term redevelopment upside in one of the citys highest-demand urban corridors.
The surrounding neighborhood features walkable access to cafes, restaurants, bars, boutique shopping, the Blair Arcade district, public transportation, and some of St Pauls most recognizable historic streetscapes. Demand for housing in this area remains consistently strong due to the neighborhoods unique blend of historic character, urban walkability, and proximity to downtown St Paul.
Utilities are currently partially owner-paid, with ownership implementing a RUBS utility reimbursement program across the portfolio beginning Q3 2026. Future ownership will have the opportunity to improve NOI through utility cost recovery and operational efficiencies. Rare opportunity to acquire a cash-flowing asset with meaningful long-term positioning in one of the Twin Cities premier investment locations.
Active
Price cut: $24.8K (6/26)
$550,000
549 Selby Ave, Saint Paul, MN 55102
6beds
2baths
4,017sqft
Duplex Up and Down
Built in 1888
-- sqft lot
$545,200 Zestimate®
$137/sqft
$-- HOA
What's special
- 62 days |
- 263 |
- 13 |
Zillow last checked:
Listing updated:
Listed by:
Luke Nilles 651-207-9956,
Gold Group Realty, LLC,
Aaron Goldstein 612-382-4774
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7074144
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
Heating
- Forced Air
Features
- Basement: Block,Egress Window(s),Finished,Single Tenant Access,Unfinished
Interior area
- Total structure area: 4,784
- Total interior livable area: 4,017 sqft
- Finished area above ground: 3,417
- Finished area below ground: 600
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage, Asphalt, Shared Driveway
- Garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Doors 36"+
Features
- Levels: Modified Two Story
Lot
- Size: 5,793 Square Feet
- Dimensions: 50 x 165
Details
- Foundation area: 1367
- Parcel number: 012823220118
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex Up and Down
Materials
- Block, Concrete, Frame
- Roof: Age Over 8 Years,Asphalt,Pitched
Condition
- New construction: No
- Year built: 1888
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Electric, Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Woodland Park Addition, To St
HOA
- Amenities included: None
Location
- Region: Saint Paul
Financial & listing details
- Price per square foot: $137/sqft
- Tax assessed value: $387,200
- Annual tax amount: $8,122
- Date on market: 5/15/2026
- Tenant pays: Electricity, Gas
Estimated market value
$545,200
$518,000 - $572,000
$2,229/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/26/2026 | Price change | $550,000-4.3%$137/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7074144 Report a problem | ||
| 5/16/2026 | Listed for sale | $574,750$143/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7074144 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,528 +1.3% | $387,200 -1.7% |
| 2024 | $8,418 +1.5% | $393,800 -0.5% |
| 2023 | $8,294 -0.4% | $395,900 +10.3% |
| 2022 | $8,326 +4.8% | $359,000 +9% |
| 2021 | $7,942 +32.2% | $329,300 -1.6% |
| 2020 | $6,005 +23% | $334,600 +34.5% |
| 2019 | $4,883 | $248,700 |
| 2018 | $4,883 -9.3% | $248,700 +2.3% |
| 2017 | $5,386 | $243,200 |
| 2016 | $5,386 +3.5% | -- |
| 2015 | $5,204 +19.5% | $226,900 |
| 2014 | $4,356 +1% | -- |
| 2013 | $4,312 -6.1% | -- |
| 2012 | $4,590 +11.7% | -- |
| 2011 | $4,108 | -- |
| 2010 | -- | -- |
| 2009 | $3,742 +6.4% | -- |
| 2008 | $3,518 +2.4% | -- |
| 2007 | $3,434 +12.6% | -- |
| 2006 | $3,050 +15.4% | -- |
| 2005 | $2,644 +9.7% | -- |
| 2004 | $2,410 +15.5% | -- |
| 2003 | $2,086 -1.2% | -- |
| 2002 | $2,112 -2.5% | -- |
| 2001 | $2,166 +20% | -- |
| 2000 | $1,805 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Summit-University
Nearby schools
GreatSchools rating
- 1/10Maxfield Magnet Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 3/10Hidden River Middle SchoolGrades: 6-8Distance: 2.1 mi
- 7/10Central Senior High SchoolGrades: 9-12Distance: 1.2 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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