Summit – University

Neighborhood profile

Listings we track

15

Median price per unit

$175K

Typical cash flow

−$1,243

median per month, 20% down

Crime, last 12 months

59 per 1,000

1,067 incidents · −13% vs. prior year

Renter households

55%

Median gross rent

$1,161

all unit sizes

Median household income

$76K

Rent rules

3% cap

Rent stabilization; buildings first occupied after 2004 exempt

St. Paul police incidents, excluding proactive visits and community events. Per-resident rates use 2020 Census population. Census figures: ACS 2020–2024 5-year, combining 9 tract(s) centered in this planning district; medians are household-weighted averages of tract medians.

Map

Top picks

Ranked on real rent estimates (RentCast comparables or our own research). Listings with a serious red flag are under Proceed with caution instead, however good the numbers look.

Ways to slice it

Promising, rents not yet verified

Ranked on a rough rent estimate from bedroom count. Treat these as leads, not conclusions.

Needs more info

Left out of the rankings until a data problem is resolved.

All listings

15 listings. Filter by price or units, or switch the down payment.

1. 654 Fuller Ave

   $350,000 · 3 units · Rough rents
   Cash flows
   Cash flow $173/mo Cap 7.0% Break-even price $383K Yr 30 vs stocks 2.83× Positive in yr 1

2. 446 Virginia St

   $350,000 · 2 units · Rough rents
   Overpriced
   Cash flow −$501/mo Cap 4.7% Break-even price $256K Yr 30 vs stocks 1.10× Positive in yr 14

3. 891 Iglehart Ave

   $422,750 · 3 units
   Overpriced
   Cash flow −$475/mo Cap 5.0% Break-even price $334K Yr 30 vs stocks 1.31× Positive in yr 11

   Triplex, 7 bed / 4 bath, coin laundry, 2-car garage, off-street parking.

4. 687 Aurora Ave

   $349,900 · 2 units · Rough rents
   Far off
   Cash flow −$837/mo Cap 3.5% Break-even price $193K Yr 30 vs stocks 0.65× Positive in yr 26

5. 757 Laurel Ave

   $449,900 · 2 units · Rough rents
   Far off
   Cash flow −$1,213/mo Cap 3.2% Break-even price $222K Yr 30 vs stocks 0.57× Positive in 30+ yrs

6. 588 Selby Ave

   $580,000 · 3 units · Rough rents
   Far off
   Cash flow −$1,681/mo Cap 2.9% Break-even price $264K Yr 30 vs stocks 0.54× Positive in 30+ yrs

7. 724 Hague Ave

   $379,000 · 2 units · Rough rents
   Far off
   Cash flow −$958/mo Cap 3.4% Break-even price $199K Yr 30 vs stocks 0.62× Positive in yr 28

8. 694 Marshall Ave

   $508,250 · 2 units · Rough rents
   Far off
   Cash flow −$1,274/mo Cap 3.4% Break-even price $269K Yr 30 vs stocks 0.63× Positive in yr 27

9. 116 Lexington Pkwy N

   $480,000 · 3 units · Rough rents
   Far off
   Cash flow −$1,426/mo Cap 2.8% Break-even price $212K Yr 30 vs stocks 0.52× Positive in 30+ yrs

10. 1032 Portland Ave

    $1,100,000 · 4 units · Rough rents
    Far off
    Cash flow −$4,214/mo Cap 1.8% Break-even price $308K Yr 30 vs stocks 0.40× Positive in 30+ yrs

11. 852 Ashland Ave

    $625,000 · 4 units · Rough rents
    Far off
    Cash flow −$2,020/mo Cap 2.5% Break-even price $246K Yr 30 vs stocks 0.47× Positive in 30+ yrs

12. 475 Dayton Ave

    $655,975 · 4 units · Rough rents
    Far off
    Cash flow −$2,164/mo Cap 2.4% Break-even price $249K Yr 30 vs stocks 0.46× Positive in 30+ yrs

13. 549 Selby Ave

    $522,500 · 2 units · Rough rents
    Far off
    Cash flow −$1,404/mo Cap 3.2% Break-even price $259K Yr 30 vs stocks 0.59× Positive in yr 30

14. 197 Kent St

    $925,000
    Needs more info

    Needs more info: no rent estimate yet

15. 855 Hague Ave

    $350,000 · 3 units
    Overpriced
    Cash flow −$554/mo Cap 4.5% Break-even price $246K Yr 30 vs stocks 1.00× Positive in yr 16

    Triplex of three 1-bed / 1-bath units, 2,526 sq ft, built 1895.

    Needs more info: The county records 2 living units (two family dwelling - up/dwn), but this analysis counts 3. An extra unit may not be legal or licensed; confirm before counting its rent.

Monthly cash flow

What's changing

• METRO B Line on Selby Avenue. Bus rapid transit along Selby and Marshall to downtown St. Paul and Lake Street in Minneapolis opened June 14, 2025, about 20% faster than the Route 21 it replaced. Good for tenants without cars. As of 2025-06 · Sources: metrotransit.org, startribune.com
• Rethinking I-94. MnDOT is carrying four alternatives (no build, maintenance, reduced freeway, reconfigured freeway) into a Tier 1 environmental study expected to take two to three years. The ReConnect Rondo land bridge is a separate effort; we found planning money for it but no construction funding (estimated at $450M+ in 2021). Treat it as a long shot, not a value driver. As of 2026-10 · Sources: talk.dot.state.mn.us, reconnectrondo.com