485 BELVIDERE STREET
485 Belvidere Street, Saint Paul, 55107, MN
-
Price: $525,000
-
Status type: For Sale
-
City: Saint Paul
-
Neighborhood: West Side
Bedrooms: 0
Property Size :3600
-
Listing Agent: NST17528,NST229200
-
Property type : Quadruplex
-
Zip code: 55107
-
Street: 485 Belvidere Street
-
Street: 485 Belvidere Street
Bathrooms: N/A
Year: 1893
Listing Brokerage: M2 Real Estate Group Inc.
DETAILS
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.
INTERIOR
Bedrooms: N/A
Fin ft² / Living Area: 3600 ft²
Below Ground Living: N/A
Bathrooms: N/A
Above Ground Living: 3600ft²
-
Basement Details: Single Tenant Access,
Appliances Included:
-
EXTERIOR
Air Conditioning: N/A
Garage Spaces: N/A
Construction Materials: N/A
Foundation Size: 1800ft²
Unit Amenities:
-
Heating System:
-
- Radiator(s)
LOT
Acres: N/A
Lot Size Dim.: 125 x 40
Longitude: 44.9224
Latitude: -93.0651
Zoning: N/A
FINANCIAL & TAXES
Tax year: 2025
Tax annual amount: $1,386
MISCELLANEOUS
Fuel System: N/A
Sewer System: City Sewer - In Street
Water System: City Water - In Street
ADITIONAL INFORMATION
MLS#: NST7744044
Listing Brokerage: M2 Real Estate Group Inc.
ID: 3678967
Published: May 15, 2025
Last Update: May 15, 2025
Views: 6
