Property for Sale in Saint Paul
1563 Charles Avenue
Saint Paul, MN 55104
Property Details
Year Built
1911
Parking Features
On-Street Parking Only
Zoning
Residential-Multi-Family
2025 Property Taxes
$12,250
School District
St. Paul
County
Ramsey
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.
From Hamline, turn left on Charles Ave. The property will be on your right.
Features
Utilities
Electric Separate
Heating
Boiler
Sewer
City Sewer/Connected
Water
Public
Lot Size
12 x 29 x 121 x 39 x 113
Foundation
Block
Additional Info
Listed By
Alexandra Haider of Financially Free, LLC
Listed
07/08/26 and last updated 07/08/26
Based on information submitted to the MLS GRID or Trestle as of DATE and TIME. All data is obtained from various sources and may not have been verified by the broker, MLS GRID, or Trestle. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
