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$ 810,000
Est. payment /mo
New
1563 Charles AVE Saint Paul, MN 55104
13 Beds
9 Baths
4,748 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Hamline Syndicate Add, No3
MLS Listing ID 7105907
Bedrooms 13
Year Built 1911
Annual Tax Amount $12,250
Tax Year 2025
Contingent None
Lot Size 4,748 Sqft
Lot Dimensions 12 x 29 x 121 x 39 x 113
Property Description
563 Charles Avenue offers an exceptional multifamily investment featuring a stable, cash-flowing operational foundation with immediate built-in upside. Priced at $810,000, this 9-unit apartment asset delivers an incredibly rare entry-level basis of just $90,000 per door in St. Paul's resilient Hamline-Midway submarket. Boasting a strong historical occupancy profile, the building is currently 8/9 occupied, presenting buyers with the perfect mix of day-one cash flow and immediate lease-up potential. All tenants but pay for gas and electric, with the exception of one unit only paying electric.
Spanning 5,620 square feet of rentable area, the property is characterized by easy-to-manage, practical layouts that consistently appeal to the neighborhood's deep pool of student and workforce renters. A massive competitive advantage for this asset is the inclusion of a 2-stall detached garage structure—a highly prized luxury during Minnesota winters that gives management a distinct edge in tenant retention and extra monthly cash flow. Shared coin-operated laundry infrastructure further supplements the building's strong baseline revenue.
Spanning 5,620 square feet of rentable area, the property is characterized by easy-to-manage, practical layouts that consistently appeal to the neighborhood's deep pool of student and workforce renters. A massive competitive advantage for this asset is the inclusion of a 2-stall detached garage structure—a highly prized luxury during Minnesota winters that gives management a distinct edge in tenant retention and extra monthly cash flow. Shared coin-operated laundry infrastructure further supplements the building's strong baseline revenue.
Location
State MN
County Ramsey
Zoning Residential-Multi-Family
Interior
Heating Boiler
Inclusions Building, Leases
Fireplace No
Exterior
Parking Features On-Street Parking Only
Garage Spaces 2.0
Utilities Available Electric Separate
Roof Type Asphalt,Flat
Present Use Residential
Building
Story Two
Foundation 1464
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District St. Paul
Listed by Alexandra Haider • Financially Free, LLC
NEARBY SCHOOLS & PROPERTIES
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