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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United Country Midwest Lifestyle Properties

United Country Midwest Lifestyle Properties

+1(608) 399-1013
$810,000
Est. payment /mo
13 Beds
9 Baths
4,748 Sqft Lot
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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

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Listed by Alexandra Haider • Financially Free, LLC

Nearby School & Business

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United Country Midwest Lifestyle Properties

United Country Midwest Lifestyle Properties

+1(608) 399-1013

. | License ID: 76296

. License ID: 76296

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