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485 Belvidere Street E Saint Paul (MN) 55107
$539,000 Active
StatusActive Living Area3600 YR1893 School District625 DOM1

Public Remarks

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.

Quick Specifications

Price :
$539,000
Status :
Active
Property Type :
Residential Income
Year Built :
1893
Approx. Sq. Ft :
3600
School District :
625
Taxes :
$ 1386
MLS# :
6721712

Interior Features

Foundation Size :
1800

Lot and Location

PostalCity :
Ramsey
Zip Code :
55107
Neighborhood :
West Side
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.
Complex/Development/Subd :
Paul Martins 1st Addition, To
Lot Dimensions :
125 x 40
School District :
625
School District Phone :
651-767-8100

Structural Features

Class :
Residential Income
Basement :
Single Tenant Access
Exterior :
Vinyl Siding
Accessibility Features :
None
Sewer :
City Sewer - In Street
Water :
City Water - In Street

Financial Considerations

DPResource :
Y
Foreclosure Status :
No
Lender Owned :
No
Potential Short Sale :
No
Latitude :
44.922383
MLS# :
6721712
Style :
Quadruplex
Complex/Development/Subd :
Paul Martins 1st Addition, To
Tax Amount :
$ 1386
Tax With Assessments :
2248.0000
Tax Year :
2025
Source: NorthStar MLS as distributed by MLS GRID


© 2025 Based on information submitted to the MLS GRID as of 2025-05-15 17:18:54 (Central Time) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. 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.

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