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. All units are currently occupied and leased and ready for new owners to take over!! Stabilized with zero delinquencies - 7.11% Cap Rate!!
Property Features
Basement
Finished
Full
Concrete
Partially Finished
Daylight
Heating Information
Natural Gas
Hot Water
Cooling Information
Window Unit(s)
Water Features
Public
Parking
On Street
Listing Courtesy: Apartment Cash Flow, Inc. - 651-263-3653
Based on information submitted to the MLS GRID as of 2025-09-04 06:16:43. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Neighborhood Market Statistics
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from NorthstarMLS.