485 Belvidere Street E
Saint Paul, MN 55107
- – beds
- – baths
- 3,600 sqft
- $149 per sqft
- 1893 build
- – on site
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 with built-in efficiency and room for growth—perfect for both seasoned investors and owner occupants.
Last checked:
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Last updated May 16, 2025
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MLS# 6721712 —
The Building
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Year Built:1893
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New Construction:false
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Age Of Property:132
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Construction Materials:Vinyl Siding
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Accessibility Features:None
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Levels:Two
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Main Level Finished Area:1800.0000
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Basement:Single Tenant Access
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Basement:true
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Foundation Area:1800
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Building Area Total:5400
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Above Grade Finished Area:3600
Room Dimensions
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Living Area:3600
Location
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Directions:Put address into your favorite maps app. Unit 487-1 is the only unit available for showings at this time. Lockbox is on the inside of the exterior door of units 487. Unit 1 is on the first floor.
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Latitude:44.922383
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Longitude:-93.065072
The Property
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Parcel Number:092822330009
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Property Type:Residential Income
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Property Subtype:Quadruplex
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Additional Parcels:false
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Lot Size Area:0.11
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Lot Size Dimensions:125 x 40
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Lot Size Units:Acres
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Water Source:City Water - In Street
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (612) 599-9053
- Office phone:
- (651) 398-6853
Taxes
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Tax Year:2025
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Tax Annual Amount:1386
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Tax With Assessments:2248.0000
Heating & Cooling
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Heating:Radiator(s)
Utilities
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Sewer:City Sewer - In Street
Schools
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High School District:St. Paul
The Community
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Subdivision Name:Paul Martins 1st Addition, To
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Assessment Pending:Unknown
Parking
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Parking Features:Gravel
Extra Units
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# of Units Total:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/15/25
May 15, 2025
|
Listed / Active | NORTHSTAR | $539,000 | 26.8% (14.8% / YR) |
7/25/23
Jul 25, 2023
|
NORTHSTAR | $425,000 | -2.3% | |
7/18/23
Jul 18, 2023
|
NORTHSTAR | $435,000 |