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USAMNSaint PaulPaul Martins 1St Addition, to485 Belvidere St E
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485 Belvidere St E, Saint Paul, MN

House

For Sale

Listed price in listed location currency (USD).
$449,750

640

MLS® 6823925

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 3600 sqft
Garage 
Taxes $1,703
Days Active 62
Lot Size 
Approx. Age 1893
Avg. Price Per Sqft $124
MLS® Number 6823925

Property Address: 485 Belvidere St E, Saint Paul, MN, 55107-2461

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number6823925
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1893
BasementStorage Space
DrivewayParking Lot
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 26, 2026List Date
$449,750List Price
Jul 18, 2023End Date
$425,000Sold Price

Sold

Jul 15, 2024List Date
$435,000List Price
  • Commute

Commute

Starting Address
Destination Address
485 Belvidere St E, Saint Paul, MN

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