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485 Belvidere Street E, Saint Paul, MN 55107

Saint Paul
Local realty services provided by:CENTURY 21 FM Realty
485 Belvidere Street E,Saint Paul, MN 55107
$425,000
  • 6 Beds
  • 4 Baths
  • 3,600 sq. ft.
  • Multi-family
  • Active
Listed by: nathan r schammel, zachary lane burnside
Office: mrg realty partners, llc.
MLS#:6823925
Source:ND_FMAAR

Price summary

  • Price:$425,000
  • Price per sq. ft.:$92.39

About this home

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...

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Home facts

  • Year built:1893
  • Subdivision & Development:Paul Martins 1st Addition, To
  • Listing ID #:6823925
  • Added:216 day(s) ago
  • Updated:October 29, 2026 at 04:09 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:4
  • Living area:3,600 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

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

Utilities

  • Water:City Water/Connected
  • Sewer:City Sewer/Connected

Finances and disclosures

  • Price:$425,000
  • Price per sq. ft.:$92.39
  • Tax amount:$1,703

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