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$1,275,000

  • For Sale
  • Active
  • Commercial
  • 10,260 Sq. Ft.
  • 0.173 Acres
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Charles Place apartments presents a unique value-add investment opportunity right in the heart of Saint Paul within walking distance to the newly built Allianz Stadium where the MN United soccer team plays! This whole Merriam Park neighborhood currently is in an opportunity zone and is getting transformed into a trendy and upscale destination. Take advantage of this opportunity to acquire 15 units, all-brick exterior, built in 1940 with original oak hardwood flooring and original doors and plaster coved ceilings. A newer Lochinvar Knight hot water boiler system was installed in 2012 and newer water heaters in 2010. The whole building received newer Andersen Series 100 windows in 2018. Electrical panels to each unit are on 60-amp breakers. All units are currently occupied and leased and ready for new owners to take over!! Stabilized with zero delinquencies and a current in place 7.93% Cap Rate!!

Full Property Details for 1631 Charles Ave

General

  • Price: $1,275,000
  • Taxes: $24,792 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6739015
  • Updated: 2/16/2026
  • Added to Site: 263 day(s) ago

Interior

  • Appliances: Range, Refrigerator
  • Flooring: Wood

Parking

  • Carport Spaces: 1
  • Parking Features: On-Street Parking Only

Location

  • County: Ramsey
  • Township: Saint Paul
  • Subdivision: Stierle, Mcconville &, Seegers
  • Neighborhood: 93
  • Driving Directions: Snelling Ave to Charles / West to Building / on the north side of Charles

School Information

  • School District: 2102 - St. Paul
  • High School District: St. Paul

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Boiler, Hot Water
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate, Heating Common, Hot Water Common

Structural Information

  • Exterior Const.: Brick
  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Daylight/Lookout Windows, Finished, Full, Concrete, Partially Finished
  • Foundation Size: 3420
  • Roof: Age Over 8 Years, Flat
  • Ceiling Height: 8-10
  • Disability Access: None
  • Square Feet: 10,260
  • Finished Down/Base.: 10,260 Sq. Ft.
  • Current Bldg. Use: Residential
  • Year Built: 1940

Unit Information

  • Units w/Refrigerators: 1

Lot Features

  • Lot Size (Acres): 0.173
  • Lot Dimensions: 50 x 120
  • Frontage: City Street
  • Potential Use: Income
  • Zoning: Residential-Multi-Family
  • Lot Description: Light Tree Coverage

Financial Considerations

  • Operating Expenses: $50,756
  • Tax Amount: $24,792
  • Tax Year: 2025
  • Terms: Conventional, Cash
  • Owner Pays: Gas, Insurance, Grounds Care, Repairs, Sewer, Snow Removal, Taxes, Trash Collection, Water
  • Tenant Pays: Electricity
  • Pays Electric: Tenant Pays
  • Pays Gas: Owner Pays
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: STIERLE MCCONVILLE SEEGERS E 1/2 OF LOT 17 AND ALL OF LOT 16 BLK 1
  • Inclusions: Building, Land, Leases, Rental License
  • Property ID: 332923140039

Listed by Apartment Cash Flow, Inc.

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— 1631 Charles Ave —

  • Apartment Cash Flow, Inc.

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

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NMLS#: 1598647

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Find the right home insurance for your new home!

with our affiliated in-house agency

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 1631 Charles Ave

School District:St. Paul Public School District
NameGradesDistance
Hancock/Hamline Magnet Elementary School
1599 West Englewood Avenue, Saint Paul, MN 55104
PK-50.5 mi
Murray Middle School
2200 Buford Avenue, Saint Paul, MN 55108
6-82.2 mi
Como Park Senior High School
740 Rose Avenue West, Saint Paul, MN 55117
9-122.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1631 Charles Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/13/2026
Price Reduced
$1,275,000
-7.61%
MLS
10/04/2025
Price Reduced
$1,380,000
-1.08%
MLS
7/23/2025
Price Reduced
$1,395,000
-0.36%
MLS
7/03/2025
Price Reduced
$1,400,000
-3.38%
MLS
6/14/2025
Listed
$1,449,000
147.69%
MLS
6/28/2001
Sold
$585,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1631 Charles Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$24,792
-2%
$1,119,500
-5%
2024
$25,180
8%
$1,182,600
-2%
2021
$23,320
-9%
$1,201,600
-8%
2023
$25,584
10%
$1,311,600
8%
2021
$23,320
8%
$1,209,900
17%
2020
$21,616
5%
$1,038,000
6%
2019
$20,608
19%
$979,200
17%
2018
$17,316
10%
$835,500
7%
2017
$15,796
17%
$779,800
22%
2016
$13,454
1%
$640,200
2%
2015
$13,340
-2%
$629,700
4%
2014
$13,670
—
$604,600
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Apartment Cash Flow, Inc.

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1631 Charles Avenue, Saint Paul, MN 55104 (MLS# 6739015) is a Commercial property. 1631 Charles Avenue is currently listed for $1,275,000 and was received on June 14, 2025. Want to learn more about 1631 Charles Avenue? Do you have questions about finding other Commercial real estate for sale in Saint Paul? You can browse all Saint Paul real estate or contact a Coldwell Banker agent to request more information.

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