485 Belvidere Street E Saint Paul, MN 55107
For Sale MLS# 6823925
6 beds 4 baths 3,600 sq ft Multi-family
Details for 485 Belvidere Street E
MLS# 6823925
Description for 485 Belvidere Street E, Saint Paul, MN, 55107
4-plex on St. Paul's West Side. Potential owner-occupant opportunity with one unit becoming vacant at the end of June. Located in a tucked-away residential block with easy access to downtown, West Side Flats, and District del Sol. Near parks, restaurants, and transit.Two 2BR/1BA and two 1BR/1BA units, 2,950 SF total. All four tenants on signed leases (mid-2026 through mid-2027) with rents raised during the most recent lease-up cycle. Current rents still sit below market ceiling, leaving room on renewals. Tenants pay gas and electric; landlord covers water/sewer and trash.Enrolled in St. Paul's 4d Affordable Housing Incentive Program, featuring up to 80% reduction in property tax class rates. The covenant transfers with the property, with estimated annual savings of $4,600+ over standard rates.Two units turned over in mid-2025 and were re-leased at meaningfully higher rents. The recent turnover cycle is complete; all four units are performing well with no deferred maintenance carried over.Priced under $500k with a low tax basis, strong occupancy, and cash flow in place. This is a rare combination to find in St. Paul's current market.
Listing Information
Property Type: Multi-family, Four Plex
Status: Active
Bedrooms: 6
Bathrooms: 4
Lot Size: 0.11 Acres
Square Feet: 3,600 sq ft
Year Built: 1893
Foundation: 1,800 sq ft
Stories: 2 Stories
Subdivision: Paul Martins 1st Addition, To
Number Of Units Total: 4
County: Ramsey
Days On Market: 73
Construction Status: Previously Owned
School Information
District: 625 - St. Paul
Additonal Room Information
Laundry: Other
Interior Features
Square Footage above: 3,600 sq ft
Basement: Storage Space
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Heating: Electric, Baseboard
Exterior / Lot Features
Open Parking: 4
Parking Description: Parking Lot
Exterior: Steel Siding
Roof: Age Over 8 Years, Asphalt Shingles
Lot Dimensions: 41x120
Zoning: Residential-Multi-Family
Driving Directions
Highway 52, to east on Concord st, to S Stickeny St, to Belvidere St , property is on the right on a corner lot.
Financial Considerations
Other Annual Tax: $865
Tenant Pays: Electric,Heat
Owner Pays: Hot Water,Insurance,Lawn,Maintenance/Repair,Management,Sewer,Taxes,Trash,Water
Gross Income: 51396
Expense: 24132
Tax/Property ID: 092822330009
Tax Amount: 1703
Tax Year: 2026
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: MRG Realty Partners, LLC
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 Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 485 Belvidere Street E
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 485 Belvidere Street E
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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