1563 Charles AVE, Saint Paul, MN 55104
1563 Charles AVE, Saint Paul, MN 55104
1563 Charles AVE, Saint Paul, MN 55104
1563 Charles AVE, Saint Paul, MN 55104
1563 Charles AVE, Saint Paul, MN 55104
1563 Charles AVE, Saint Paul, MN 55104
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Kari Francois

Kari Francois

+1(715) 977-1344
$ 810,000
Est. payment | /mo

13 Beds

9 Baths

4,748 Sqft Lot

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$ 810,000
Est. payment | /mo
Save

13 Beds

9 Baths

4,748 Sqft Lot

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.

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

Schools and Properties Nearby

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1563 Charles AVE