MLS# 6823925
485 Belvidere Street E Saint Paul, MN 55107
MRG Realty Partners, LLC is the brokerage office representing the seller for this listing.
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{"Id":533471,"ORGTABLE":"RAW_Property","MLSCLASS":"RES","MLSNUMBER":"NST6823925","MLSAGENTID":"NST506017223","MLSCOAGENTID":"NST506021198","MLSOFFICEID":"NST26013","ADDRESS":"485 Belvidere Street E","ACRES":0.112,"AGENTOWNER":true,"AUCTIONYN":false,"BASEMENT":"Storage Space","BATHSTOTAL":4.0,"BEDROOMS":6.0,"CITY":"Saint Paul","CONTINGENCY":"None","COUNTY":"Ramsey","DISTRIBUTEADDRESSTOINTERNET":true,"DISTRIBUTETOINTERNET":true,"FORECLOSURE":"No","LASTPRICE":475000.0,"LASTPRICEDATE":"2026-03-26T18:23:10.653","LATITUDE":44.922383,"LENDEROWNED":"No","LISTDATE":"2026-03-26T05:00:00","LISTPRICE":475000.0,"LIVINGAREA":3600.0,"LONGITUDE":-93.065072,"MODIFICATIONTIMESTAMP":"2026-03-26T18:36:06.087","NEIGHBORHOOD":"104","OFFICE_OFFICENAME":"MRG Realty Partners, LLC","PHOTOCOUNT":27,"POSTALCODE":"55107","POTENTIALSHORTSALE":"No","PRESENTUSE":"Yearly","PUBLICREMARKS":"Fully leased 4-plex on St. Paul's West Side, south of the river with easy access to downtown, the West Side Flats, and District del Sol. Quiet residential block with strong renter demand from the surrounding neighborhood. Close to parks, local restaurants, and transit without the traffic of a main corridor.\n\nTwo 2BR/1BA units and two 1BR/1BA units across 2,950 SF. All four tenants are on signed leases through mid-2026 to mid-2027 at rents that were increased during the most recent lease-up cycle. 100% occupancy with market rent upside remaining and room to push on renewals.\n\nTenants pay their own gas and electricity. Owner covers water/sewer and trash.\n\nThe property is enrolled in the City of St. Paul's 4d Affordable Housing Incentive Program, which provides up to an 80% reduction in property tax class rates on enrolled units. The covenant transfers with the property, so a buyer inherits the tax benefit on day one, with estimated annual savings of $4,600+ compared to standard tax rates. Contact the listing broker for full program details, rent and income limits, and recertification requirements.\n\nTwo units turned over in mid-2025 and were leased up at significantly higher rents. The heavy lifting on vacancy and turnover spend is behind you. A buyer steps into a stabilized rent roll with all four units performing, no deferred maintenance surprises from the recent turn cycle, and a clean path to cash flow from day one.\n\nSolid entry point for an investor looking for a manageable 4-unit with tenants already in place, cash flowing, and a low tax basis that's hard to find for under $500k in St. Paul!","ROADBETWEENWATERFRONTANDHOMEYN":false,"ROOF":"Age Over 8 Years,Asphalt","SCHOOLDISTRICTNUMBER":"2102-St. Paul","SCHOOLDISTRICTPHONE":"6517678100","SEWER":"City Sewer/Connected","STATEORPROVINCE":"MN","STATUS":"Active","STATUSDATE":"2026-03-26T18:23:10.653","LASTSTATUS":"Active","STREETDIRSUFFIX":"E","STREETNAME":"Belvidere","STREETNUMBER":"485","STREETSUFFIX":"Street","STYLE":"Fourplex","TRANSACTIONTYPE":"For Sale","WATER":"City Water/Connected","WATERFRONTPRESENT":false,"YEARBUILT":1893,"ZONING":"Residential-Multi-Family","HASOPENHOUSE":false,"PHOTOTIMESTAMP":"2026-03-26T18:24:09.481","PHOTOREMARKS":"[{\"Order\":1,\"Remarks\":\"485 Belvidere St E MLS-2.jpg\"},{\"Order\":2,\"Remarks\":\"485 Belvidere St E MLS-5.jpg\"},{\"Order\":3,\"Remarks\":\"485 Belvidere St E MLS-6.jpg\"},{\"Order\":4,\"Remarks\":\"485 Belvidere St E MLS-8.jpg\"},{\"Order\":5,\"Remarks\":\"485 Belvidere St E MLS-9.jpg\"},{\"Order\":6,\"Remarks\":\"485 Belvidere St E MLS-11.jpg\"},{\"Order\":7,\"Remarks\":\"485 Belvidere St E MLS-12.jpg\"},{\"Order\":8,\"Remarks\":\"485 Belvidere St E MLS-13.jpg\"},{\"Order\":9,\"Remarks\":\"485 Belvidere St E MLS-14.jpg\"},{\"Order\":10,\"Remarks\":\"485 Belvidere St E MLS-15.jpg\"},{\"Order\":11,\"Remarks\":\"485 Belvidere St E MLS-16.jpg\"},{\"Order\":12,\"Remarks\":\"485 Belvidere St E MLS-17.jpg\"},{\"Order\":13,\"Remarks\":\"485 Belvidere St E MLS-18.jpg\"},{\"Order\":14,\"Remarks\":\"485 Belvidere St E MLS-19.jpg\"},{\"Order\":15,\"Remarks\":\"485 Belvidere St E MLS-20.jpg\"},{\"Order\":16,\"Remarks\":\"485 Belvidere St E MLS-21.jpg\"},{\"Order\":17,\"Remarks\":\"485 Belvidere St E MLS-22.jpg\"},{\"Order\":18,\"Remarks\":\"485 Belvidere St E MLS-23.jpg\"},{\"Order\":19,\"Remarks\":\"485 Belvidere St E MLS-24.jpg\"},{\"Order\":20,\"Remarks\":\"485 Belvidere St E MLS-25.jpg\"},{\"Order\":21,\"Remarks\":\"485 Belvidere St E MLS-26.jpg\"},{\"Order\":22,\"Remarks\":\"485 Belvidere St E MLS-29.jpg\"},{\"Order\":23,\"Remarks\":\"485 Belvidere St E MLS-30.jpg\"},{\"Order\":24,\"Remarks\":\"485 Belvidere St E MLS-36.jpg\"},{\"Order\":25,\"Remarks\":\"485 Belvidere St E MLS-35.jpg\"},{\"Order\":26,\"Remarks\":\"485 Belvidere St E MLS-27.jpg\"},{\"Order\":27,\"Remarks\":\"485 Belvidere St E MLS-28.jpg\"}]","PHOTOORDER":"1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27","SOURCE":"MG_NST"}
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