15-Unit Apartment
1631 Charles Avenue, Saint Paul, MN 55104
For Sale
$1,100,000
Coin-operated laundry provides an on-site amenity, and all apartments are currently leased.
Property Size10,260 SF
Price / SF$107.21
Days on Market514
Property Features for 1631 Charles Avenue
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Financials
Cap Rate
Opportunity Zone
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
on-site coin operated laundry
Building Details
Building Size
Year Built
Stories
Units
Construction
Listing Agency:
Apartment Cash Flow, Inc.
Listed By:
Nathan P. Opatz · License ##40329256
(651) 263-3653
Source:
Hewittjacksonrealestate
Added: Jun 14, 2025
Changed: Nov 7
Last Checked: Nov 8 at 4:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Apartment Cash Flow, Inc.
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Investment Insights
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This 15-unit apartment property contains 10,260 square feet and was built in 1940. Its brick exterior and original interior details include oak flooring, original doors, and plaster ceilings with coved profiles. Building upgrades include Andersen Series 100 windows installed in 2018, a Lochinvar Knight hot water boiler system added in 2012, and water heaters replaced in 2010. Each apartment has an electrical panel with 60-amp breakers, and coin-operated laundry provides additional on-site revenue. All units are occupied and leased.
The property is at 1631 Charles Avenue in Saint Paul, within walking distance of Allianz Stadium. It is zoned Residential-Multi-Family and has a stated in-place cap rate of 9.65%.
The property is at 1631 Charles Avenue in Saint Paul, within walking distance of Allianz Stadium. It is zoned Residential-Multi-Family and has a stated in-place cap rate of 9.65%.
Key Highlights
- 15 units; all apartments are occupied and leased
- 10,260 square feet in a brick building constructed in 1940
- Andersen Series 100 windows installed in 2018
Property Analytics
Who owns this building?
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Lease Details
15
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,831
Businesses Nearby
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Business Placement
Demographics for 55104, MN
45,612
Population
20,358
Households
2.2
Avg Household Size
33
Median Age
52%
College-Educated
93%
High-School Grad
6.0 sq mi
ZIP Area
7,602
Density / Sq Mi
$75,038
Median Household Income
$42,770
Median Earnings
$1,159
Median Rent
$290,900
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Saint Paul, MN
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Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Coin-operated laundry provides an on-site amenity, and all apartments are currently leased.
Where is this apartment building located?
The property is located at 1631 Charles Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 15 units; all apartments are occupied and leased; 10,260 square feet in a brick building constructed in 1940; Andersen Series 100 windows installed in 2018
