Home for Sale in Saint Paul
485 Belvidere E Street
Saint Paul, MN 55107
Property Details
No. of Units
4
Year Built
1893
Square Feet
4,600
Acres
0.11
2026 Property Taxes
$1,703
School District
St. Paul
County
Ramsey
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!
Highway 52, to east on Concord st, to S Stickeny St, to Belvidere St , property is on the right on a corner lot.
Unit Information
Unit 1
Unit 2
Unit 3
Unit 4
Features
Electric
100 Amp Service
Heating
Baseboard
Sewer
City Sewer/Connected
Water
Public
Additional Info
Listed By
Nathan Schammel of MRG Realty Partners, LLC
Listed
03/26/26 and last updated 03/27/26
Based on information submitted to the MLS GRID or Trestle as of DATE and TIME. All data is obtained from various sources and may not have been verified by the broker, MLS GRID, or Trestle. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.