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USAMNSaint PaulPaul Martins 1St Addition, to485 Belvidere St E
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$539,000

485 Belvidere St E, Saint Paul, MN

Real Estate

For Sale

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000
  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 3600 sqft
Garage No
Taxes $1,386
Days Active 0
Lot Size 
Approx. Age 1893
Avg. Price Per Sqft $149
MLS® Number 6721712

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

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.Show Description
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Walk Score®
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Transit Score®
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Bike Score®
MLS® Number6721712
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1893
BasementSingle Tenant Access
DrivewayGravel
Garage Spaces
HeatRadiator(s)
A/C
Heating Fuel

Extras

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