USAMNSaint PaulPaul Martins 1St Addition, to485 Belvidere St E
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$475,000

For Sale

16 hours ago

485 Belvidere St E, Saint Paul, MN

MLS® 6823925

6 Bed

4 Bath

3600 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 3600 sqft
Garage No
Taxes $1,703
Days Active 0
Lot Size 
Approx. Age 1893
Avg. Price Per Sqft $131
MLS® Number 6823925

Property Address: 485 Belvidere St E, Saint Paul, MN, 55107-2461

Average square foot calculated using Size range provided by listing agent.

Description

Fully leased 4-plex on St. Paul's West Side, south of the river with easy access to downtown, the West Side Flats, and District del Sol. Quiet residential block with strong renter demand from the surrounding neighborhood. Close to parks, local restaurants, and transit without the traffic of a main corridor. Two 2BR/1BA units and two 1BR/1BA units across 2, 950 SF. All four tenants are on signed leases through mid-2026 to mid-2027 at rents that were increased during the most recent lease-up cycle. 100% occupancy with market rent upside remaining and room to push on renewals. Tenants pay their own gas and electricity. Owner covers water/sewer and trash. The property is enrolled in the City of St. Paul's 4d Affordable Housing Incentive Program, which provides up to an 80% reduction in property tax class rates on enrolled units. The covenant transfers with the property, so a buyer inherits the tax benefit on day one, with estimated annual savings of $4, 600+ compared to standard tax rates. Contact the listing broker for full program details, rent and income limits, and recertification requirements. Two units turned over in mid-2025 and were leased up at significantly higher rents. The heavy lifting on vacancy and turnover spend is behind you. A buyer steps into a stabilized rent roll with all four units performing, no deferred maintenance surprises from the recent turn cycle, and a clean path to cash flow from day one. Solid entry point for an investor looking for a manageable 4-unit with tenants already in place, cash flowing, and a low tax basis that's hard to find for under $500k in St. Paul!
MLS® Number6823925
Laundry LevelOther
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1893
BasementStorage Space
DrivewayParking Lot
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 26, 2026List Date
$475,000List Price
Jul 18, 2023End Date
$425,000Sold Price

Sold

Apr 27, 2023List Date
$435,000List Price
  • Commute

Commute

Starting Address
Destination Address
485 Belvidere St E, Saint Paul, MN

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