485 Belvidere St E Saint Paul, MN 55107
West Side NeighborhoodEstimated payment $2,835/month
Total Views
4,613
6
Beds
4
Baths
3,600
Sq Ft
$139
Price per Sq Ft
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,386
Year Built
- Built in 1893
Lot Details
- Lot Dimensions are 125 x 40
Home Design
- Quadruplex
Interior Spaces
- 3,600 Sq Ft Home
- 2-Story Property
- Basement
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Community Details
- 4 Units
- Paul Martins 1St Addition, To Subdivision
Listing and Financial Details
- The owner pays for sewer, trash collection
- Assessor Parcel Number 092822330009
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/18/2025 06/18/25 | Price Changed | $499,000 | -3.1% | $139 / Sq Ft |
| 06/02/2025 06/02/25 | Price Changed | $515,000 | -1.9% | $143 / Sq Ft |
| 05/26/2025 05/26/25 | Price Changed | $525,000 | -2.6% | $146 / Sq Ft |
| 05/15/2025 05/15/25 | For Sale | $539,000 | +26.8% | $150 / Sq Ft |
| 07/25/2023 07/25/23 | Sold | $425,000 | -2.3% | $118 / Sq Ft |
| 07/18/2023 07/18/23 | Pending | -- | -- | -- |
| 04/27/2023 04/27/23 | For Sale | $435,000 | -- | $121 / Sq Ft |
Source: NorthstarMLS
Similar Homes in Saint Paul, MN
Source: NorthstarMLS
MLS Number: 6721712
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