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485 Belvidere Street E, 
Saint Paul, MN 55107

$499,000


Bed


Bath


3,600

Sq Ft


Multi-Family

Active

Listed by

Charles Bird

M2 Real Estate Group Inc.

651-398-6853

Last updated:

July 13, 2025, 12:01 PM

MLS#

6721712

Source:

NSMLS

About This Home

485 Belvidere Street E

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.

Home Facts

Multi-Family

Built in 1893

Price Summary

499,000

$138 per Sq. Ft.

MLS #:

6721712

Last Updated:

July 13, 2025, 12:01 PM

Added:

2 month(s) ago


Rooms & Interior

Interior

Living Area:

3,600 Sq. Ft.


Structure

Structure

Building Area:

5,400 Sq. Ft.

Year Built:

1893


Lot

Lot Size (Sq. Ft):

4,791


Finances & Disclosures

Finances

Price:

$499,000

Price per Sq. Ft:

$138 per Sq. Ft.

Source:NSMLS
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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