485 Belvidere Street E, Saint Paul, MN 55107

Saint Paul
Local realty services provided by:ERA Viking Realty
485 Belvidere Street E,Saint Paul, MN 55107
$449,750
  • 6 Beds
  • 4 Baths
  • 3,600 sq. ft.
  • Multi-family
  • Active
Listed by: nathan schammel, luke hermanson
Office: mrg realty partners, llc.
MLS#:6823925
Source:NSMLS

Price summary

  • Price:$449,750
  • Price per sq. ft.:$97.77

About this home

Fully occupied 4-plex on St. Paul's West Side. 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,...

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Home facts

  • Year built:1893
  • Listing ID #:6823925
  • Added:50 day(s) ago
  • Updated:May 15, 2026 at 12:43 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:4
  • Basement:Yes
  • Basement Description:Storage Space
  • Living area:3,600 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Age Over 8 Years, Asphalt
  • Year built:1893
  • Building area:3,600 sq. ft.
  • Lot area:0.11 Acres
  • Levels:2 Story

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$449,750
  • Price per sq. ft.:$97.77
  • Tax amount:$1,703 (2026)

Parking

  • Parking description:Parking Lot
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