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
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.
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
Foundation
Stone
Additional Info
Listed By
Nathan Schammel of MRG Realty Partners, LLC
Listed
03/26/26 and last updated 05/27/26
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.