1631 Charles Avenue Saint Paul, MN 55104
For Sale MLS# 6739015
10,260 sq ft Commercial
Details for 1631 Charles Avenue
MLS# 6739015
Description for 1631 Charles Avenue, Saint Paul, MN, 55104
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. All units are currently occupied and leased and ready for new owners to take over!! Stabilized with zero delinquencies and a current in place 7.32% Cap Rate!!
Listing Information
Property Type: Commercial, Apartments/Multi Family
Status: Active
Lot Size: 0.17 Acres
Square Feet: 10,260 sq ft
Year Built: 1940
Foundation: 3,420 sq ft
Stories: Three Or More
Subdivision: Stierle, Mcconville &, Seegers
Number Of Units Total: 15
Current Use: Residential
County: Ramsey
Days On Market: 215
Construction Status: Previously Owned
School Information
District: 625 - St. Paul
Interior Features
Appliances: Range, Refrigerator
Flooring: Wood
Basement: Full, Finished (Livable), Partial Finished, Poured Concrete, Daylight/Lookout Windows
Doors/Windows: Double Pane Windows, Insulated Windows
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Separate,Heating Common,Hot Water Common
Cooling: Window
Heating: Hot Water, Natural Gas, Boiler
Exterior / Lot Features
Open Parking: 1
Parking Description: On-Street Parking Only
Exterior: Brick/Stone
Roof: Age Over 8 Years, Flat
Lot Dimensions: 50 x 120
Zoning: Residential-Multi-Family
Topography: Level
Additional Exterior/Lot Features: Tree Coverage - Light, Land Inclusions - Building,Land,Leases,Rental License, Road Frontage - City
Driving Directions
Snelling Ave to Charles / West to Building / on the north side of Charles
Financial Considerations
Tenant Pays: Electric
Owner Pays: Insurance,Lawn,Maintenance/Repair,Sewer,Snow,Taxes,Trash,Water
Gross Income: 151867
Expense: 50756
Tax/Property ID: 332923140039
Tax Amount: 24792
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Apartment Cash Flow, Inc.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 1631 Charles Avenue
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 1631 Charles Avenue
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
Coming soon properties will soon be on the market, but are not yet available for showings.