1631 Charles AvenueSaint Paul, MN 55104
$1.1 million
10,260 finished sq ft · 0.173 acre lot
About this home
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. Operations receive additional revenue from on-site coin operated laundry. All units are currently occupied and leased and ready for new owners to take over!! Average studio rent is $777 and average one-bedroom rent is $876 per month with plenty of room to move these rents up to market. Stabilized with zero delinquencies and a current in place 9.65% Cap Rate!!
Home facts
- Home type
- Single-family home
- Style
- Other
- Year built
- 1940
- Finished sq ft
- 10,260
- Lot
- 0.173 acres
- Basement
- Finished, Full, Concrete, Partially Finished, Daylight
- Heating
- Natural Gas, Hot Water
- Cooling
- Window Unit(s)
- Property taxes
- $24,792 a year
- Listed
- June 14, 2025
- MLS number
- 6739015
Listing courtesy of Apartment Cash Flow, Inc. (Nathan P. Opatz). MLS #6739015.
© 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Keller Williams Preferred Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Keller Williams Preferred Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information Deemed Reliable But Not Guaranteed.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Keller Williams Preferred Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
Keller Williams Preferred Realty participates in Regional MLS’s Broker Reciprocity℠ program, allowing us to display other brokers’ listings on our site. However, Keller Williams Preferred Realty displays only listings located in the Minnesota communities covered on this website. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available. Listing data last updated November 3, 2026 at 10:01 PM (Central). Use of listing data is subject to the license agreement. Open House information is subject to change without warning.
How it compares
1631 Charles Avenue, Saint Paul, MN 55104 is a single-family home built in 1940 in Hamline-Midway, listed for $1.1 million on June 14, 2025 by Apartment Cash Flow, Inc.. That is in the upper quarter of the 533 single-family homes for sale in Saint Paul right now (median $325,000; $107 per square foot here against $191 for the group). That works out to $107 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 10:01 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Saint Paul community guideSchools, commutes, parks, home values and local stories.
- Hamline-Midway, Saint PaulThe neighborhood guide: homes, history, parks and market numbers.
- Saint Paul housing market, September 2026Homes sold for a median $300,000 over 12 months (0.0%), 48 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
Compare
Similar homes for sale in Saint Paul
Open Tue, Nov 3 · 5–7 PM$1,100,000651 Sue Place, Saint Paul, MN 55116MLS #7161225Listing courtesy of Edina Realty, Inc.
$1,100,000616 Como Avenue, Saint Paul, MN 55103MLS #7121214Listing courtesy of J H Callahan & Associates
$1,100,000504 Mississippi River Boulevard S, Saint Paul, MN 55116MLS #7011682Listing courtesy of Coldwell Banker Realty
$1,099,000422 Laurel Avenue, Saint Paul, MN 55102MLS #7106831Listing courtesy of RE/MAX Results
$1,099,0001619 Hubbard Avenue, Saint Paul, MN 55104MLS #6803172Listing courtesy of Apartment Cash Flow, Inc.
$1,095,000501 Portland Avenue, Saint Paul, MN 55102MLS #7153698Listing courtesy of Engel & Volkers Lake Minnetonka