485 Belvidere Street E, Saint Paul, MN 55107

Local realty services provided by:ERA Viking Realty
#1#2#3
485 Belvidere Street E,Saint Paul, MN 55107
$499,000
  • - Beds
  • - Baths
  • 3,600 sq. ft.
  • Multi-family
  • Active
Listed by:charles bird
Office:m2 real estate group inc.
MLS#:6721712
Source:NSMLS

Price summary

  • Price:$499,000
  • Price per sq. ft.:$92.41

About this home

Turnkey 4-Unit Property with Cash Flow, Tax Savings & Modern Updates! This well-maintained 4-unit multifamily property is a smart investment opportunity offering consistent income, valuable upgrades, and significant tax advantages. Enrolled in the 4d Affordable Housing Program, the property benefits from dramatically reduced property taxes—just $1,385.56 annually, down from $5,992.36. With a current Net Operating Income (NOI) of $37,486, a buyer putting 25% down at a 6.48% interest rate would have an estimated annual mortgage payment of $30,597.84, resulting in approximately $7,000 in annual cash flow—with upside potential through future rent increases or continued unit upgrades. Each unit is separately metered, and tenants pay their own utilities, increasing operational efficiency. The current owner has added solid surface countertops and stainless steel appliances in some units, enhancing both durability and tenant appeal. This is a low-maintenance, income-generating property

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Home facts

  • Year built:1893
  • Listing Id #:6721712
  • Added:92 day(s) ago
  • Updated:August 06, 2025 at 06:53 PM

Rooms and interior

  • Living area:3,600 sq. ft.

Heating and cooling

  • Heating:Radiator(s)

Structure and exterior

  • Year built:1893
  • Building area:3,600 sq. ft.
  • Lot area:0.11 Acres

Utilities

  • Water:City Water - In Street
  • Sewer:City Sewer - In Street

Finances and disclosures

  • Price:$499,000
  • Price per sq. ft.:$92.41
  • Tax amount:$1,386 (2025)
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is 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.

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