1631 Charles Avenue, Saint Paul, MN 55104 (MLS# 6739015)

1631 Charles Avenue, Saint Paul, MN 55104

$1,100,000
Property Type: Commercial Square Footage: 10,260 Lot Size (sq. ft.): 7,405 Status: Active
Current Price: $1,100,000 List Date: 6/14/2025 Last Modified: 9/30/2026

Overview

Description

Charles Place apartments presents a unique value-add investment opportunity right in the heart of Saint Paul within walking distance to the newly built Allianz Stadium where the MN United soccer team plays! This whole Merriam Park neighborhood currently is in an opportunity zone and is getting transformed into a trendy and upscale destination. Take advantage of this opportunity to acquire 15 units, all-brick exterior, built in 1940 with original oak hardwood flooring and original doors and plaster coved ceilings. A newer Lochinvar Knight hot water boiler system was installed in 2012 and newer water heaters in 2010. The whole building received newer Andersen Series 100 windows in 2018. Electrical panels to each unit are on 60-amp breakers. Operations receive additional revenue from on-site coin operated laundry. All units are currently occupied and leased and ready for new owners to take over!! Average studio rent is $777 and average one-bedroom rent is $876 per month with plenty ...

Listing Details MLS# 6739015

General Property Information

Lot Measurement
Acres
Management Company Name
Lion Rock Property Management
Multiple PIDs?
No
Other Parking Spaces
Yes
Owner Occupied
No
Waterfront YN
No
Year Built
1940
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
3420
Management Company Phone
952-303-5982
Power Company
Xcel Energy
For Sale or Lease
For Sale
Acres
0.17
Lot Dimensions
50 x 120
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: Window Unit(s) Amenities Shared: None Appliances: Range; Refrigerator Assumable Loan: Not Assumable Basement: Full; Partially Finished CMU Style: Apartments/Multi Family Construction Materials: Brick Construction Status: Previously Owned Current Use: Residential Existing Financing: Free and Clear Exterior: Brick/Stone Fencing: None Flooring: Wood Fuel: Natural Gas Heating: Boiler; Hot Water Loan Terms: Cash; Conventional Lock Box Type: None Lot Description: Tree Coverage - Light On Site Utilities: Electric Separate; Heating Common; Hot Water Common Owner Pays: Gas; Insurance; Lawn; Lawn; Maintenance/Repair; Sewer; Snow Removal; Taxes; Trash Collection; Water Pool Description: None Potential Use: Income Rent Rate per Foot: Per Month Rental License Type: Standard Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Flat Sewer: City Sewer/Connected Stories: Three Or More Tenant Pays: Electricity Topography: Level Wall Description: Plaster Water: City Water/Connected Window Features: Double Pane Windows; Insulated Windows

Contract Information

Contingency
None
ListPrice
1100000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
1631
Street Name
Charles
Street Suffix
Avenue
Postal City
Saint Paul
County
Ramsey
State
MN
Zip Code
55104
Complex/Dev/Subdivision
Stierle, Mcconville &, Seegers

Assessments

Tax With Assessments
24792

Building Information

Building Finished SqFt
10260
Building SqFt
10260
Ceiling Height
8-10

More Information

Income and Expenses

Annual Electric Expense
1200
Annual Fuel Expense
4220
Annual Gross Expenses
52230
Annual Gross Income
158398
Annual Insurance Expense
6500
Annual Maintenance Expense
3750
Annual Net Income
106165
Annual Repair Expense
1000
Annual Trash Expense
2587
Annual Water/Sewer Expense
5956
Total Annual Expenses
52230

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
23
Section#
33
Township#
29

Sale Options

Sale Includes
Building, Land, Leases, Rental License

Unit 1

No. of 1 Bedroom Units
10

Unit Details

Total Units
15

Unit Information

No. of Efficiency Units
5
IDX
Listing Office: Apartment Cash Flow, Inc.
Last Updated: September - 30 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.