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MLS: #6823925, Listed By: Nathan Schammel, MRG Realty Partners, LLC, Source:FargoMoorhead Area Association of REALTORS

485 Belvidere Street

Saint Paul, MN 55107
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Bed 6

Bed

Bath 4

Bath

SqFt3,600

Sqft

Acres0.11

Acre(Lot)

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 standar d 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $425,000

AD Id : 76515102

MLS Id : 6823925

Beds : 6

Lot Size : 0.11 Acre

Living Area Size : 3,600

Year Built : 1893

County : Ramsey

Subdivision: Ventnor Heights

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Feature Features

  • Bedroom Information

    Total beds: 6

    Bathroom Information

    Total Baths: 4

    Room Information

    Has Basement: Yes Basement: Storage Space
  • Roofing Information

    Asphalt, Shingle
  • Interior Features

    Roof: Asphalt, Shingle Laundry Features: Other
  • Heating & Cooling

    Has Heating: Yes Heating: Baseboard

  • Building Information

    Year Built: 1893 Building Area Total: 4600 Stories: 2 Private Pool: No

  • Lot Information

    Lot Dimensions: 41x120 Main Square Feet: 0.11 Acres Lot Size Acres: 0.11 Lot Size Square Feet: 4791.6

    Property Information

    Subdivision: Paul Martins 1st Addition, To Source Property Type: Residential Income Property SubType: Quadruplex Levels: Two Property Age: 133

  • Listing Price Information

    Listing Price: $425000 Original Price: $475000 Cash, Conventional, FHA

  • Tax Information

    Parcel Number: 092822330009 Annual Tax: $2248

  • Parking Information

    Parking Lot

  • Location Information

    Direction: Highway 52, to east on Concord st, to S Stickeny St, to Belvidere St , property is on the right on a corner lot. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
211 Belvidere Street, Saint Paul, MN, 55107 $515,000 8 4 4,092 4,092 SqFt
111 King Street, Saint Paul, MN, 55107 $325,000 4 4 1,892 1,892 SqFt
567 Livingston Avenue, Saint Paul, MN, 55107 $329,900 3 2 1,788 1,788 SqFt
74 Congress Street, Saint Paul, MN, 55107 $285,000 4 2 1,495 1,495 SqFt
306 King Street, Saint Paul, MN, 55107 $399,000 5 3 2,226 2,226 SqFt
572 Ottawa Avenue, Saint Paul, MN, 55107 $470,250 8 2 4,462 4,462 SqFt
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the FMAAR MLS. Real estate listings held by brokerage firms other than ByOwner are marked with the listing office name. IDX information is provided exclusively 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. Information deemed reliable but not guaranteed. Copyright ©2026 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS®.

ByOwner last updated this listing 06/17/2026 @ 13:31

MLS: 6823925 LISTED BY: Nathan Schammel, MRG Realty Partners, LLC 651-900-4386 SOURCE: FargoMoorhead Area Association of REALTORS

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