Multifamily Property with Forced-Air
For Sale
$235,000
Pending
235 Charles Avenue, Saint Paul, MN 55103
Natural-gas service, forced-air heating, and unfinished interior space are identified for this Saint Paul property.
Property Size2,304 SF
Days on Market110
Property Features for 235 Charles Avenue
General Information
Standard status
Pending
Size
2,304 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$5,436
Amenities
Laundry
Natural Gas, Forced Air
Unfinished
Chain Link
Asphalt
Building Details
Building Size
2,304 SF
Year Built
1884
Stories
2
Listed By:
Cantry Owen Ganz
(612) 481-9418
Source:
Evrealestate
Added: Jun 18
Changed: Oct 3
Last Checked: Oct 4 at 9:39AM
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 Cantry Owen Ganz
Investment Insights
Based on property information with market context.
This multifamily property at 235 Charles Avenue in Saint Paul includes natural-gas service and forced-air heating. The interior is identified as unfinished, while exterior features include chain-link fencing and asphalt surfaces.
Constructed in 1884, the property is located in Ramsey County. The recorded property size is 1,536.
Constructed in 1884, the property is located in Ramsey County. The recorded property size is 1,536.
Key Highlights
- Built in 1884
- Natural‑gas service with forced‑air heating
- Unfinished interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,613
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,260
$412.3K
Cap Rate 7%
$294,471
$294.5K
Cap Rate 9%
$229,033
$229.0K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$40.0K $26.04/SF
− Vacancy
−$2.5K −$1.64/SF
EGI
$37.5K $24.40/SF
− OpEx
−$16.9K −$10.98/SF
NOI
$20.6K $13.42/SF
Area
Ramsey County, MN
Vacancy
6.30%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,260
Cap Rate 7%
$294,471
Cap Rate 9%
$229,033
Alternative Uses
Best Use
Multifamily LT 5
$320.6K
$280.5K – $374.0K
NOI $22,442 @ 7.0% cap · market cap 9.55%
Second Best
Apartment 5plus
$294.5K
$257.7K – $343.6K
NOI $20,613 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$366.5K
$320.7K – $427.5K
NOI $25,652 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,336
Businesses Nearby
Explore this area
Business Placement
Demographics for 55103, MN
13,874
Population
5,652
Households
2.5
Avg Household Size
32
Median Age
27%
College-Educated
79%
High-School Grad
2.0 sq mi
ZIP Area
6,937
Density / Sq Mi
$47,872
Median Household Income
$35,625
Median Earnings
$1,040
Median Rent
$240,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Natural-gas service, forced-air heating, and unfinished interior space are identified for this Saint Paul property.
Where is this multifamily property located?
The property is located at 235 Charles Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Built in 1884; Natural‑gas service with forced‑air heating; Unfinished interior
