MLS# NST6823925 - 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":449750.0,"LASTPRICEDATE":"2026-06-15T16:13:07.587","LATITUDE":44.922383,"LENDEROWNED":"No","LISTDATE":"2026-03-26T05:00:00","LISTPRICE":425000.0,"LIVINGAREA":3600.0,"LONGITUDE":-93.065072,"MODIFICATIONTIMESTAMP":"2026-06-15T16:13:07.585","NEIGHBORHOOD":"104","OFFICE_OFFICENAME":"MRG Realty Partners, LLC","PHOTOCOUNT":30,"POSTALCODE":"55107","POTENTIALSHORTSALE":"No","PRESENTUSE":"Yearly","PUBLICREMARKS":"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.\n\nTwo 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.\n\nEnrolled 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 standard rates.\n\nTwo 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.\n\nPriced 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.","ROADBETWEENWATERFRONTANDHOMEYN":false,"ROOF":"Age Over 8 Years,Asphalt","SCHOOLDISTRICTNUMBER":"625-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":"2026-04-16T22:00:26","PHOTOREMARKS":"[{\"Order\":1,\"Remarks\":\"1485 Belvidere MLS.jpg\"},{\"Order\":2,\"Remarks\":\"2485 Belvidere MLS.jpg\"},{\"Order\":3,\"Remarks\":\"3485 Belvidere MLS.jpg\"},{\"Order\":4,\"Remarks\":\"4485 Belvidere MLS.jpg\"},{\"Order\":5,\"Remarks\":\"5485 Belvidere MLS.jpg\"},{\"Order\":6,\"Remarks\":\"6485 Belvidere MLS.jpg\"},{\"Order\":7,\"Remarks\":\"7485 Belvidere MLS.jpg\"},{\"Order\":8,\"Remarks\":\"8485 Belvidere MLS.jpg\"},{\"Order\":9,\"Remarks\":\"9485 Belvidere MLS.jpg\"},{\"Order\":10,\"Remarks\":\"10485 Belvidere MLS.jpg\"},{\"Order\":11,\"Remarks\":\"11485 Belvidere MLS.jpg\"},{\"Order\":12,\"Remarks\":\"12485 Belvidere MLS.jpg\"},{\"Order\":13,\"Remarks\":\"13485 Belvidere MLS.jpg\"},{\"Order\":14,\"Remarks\":\"14485 Belvidere MLS.jpg\"},{\"Order\":15,\"Remarks\":\"15485 Belvidere MLS.jpg\"},{\"Order\":16,\"Remarks\":\"16485 Belvidere MLS.jpg\"},{\"Order\":17,\"Remarks\":\"17485 Belvidere MLS.jpg\"},{\"Order\":18,\"Remarks\":\"18485 Belvidere MLS.jpg\"},{\"Order\":19,\"Remarks\":\"19485 Belvidere MLS.jpg\"},{\"Order\":20,\"Remarks\":\"20485 Belvidere MLS.jpg\"},{\"Order\":21,\"Remarks\":\"21485 Belvidere MLS.jpg\"},{\"Order\":22,\"Remarks\":\"22485 Belvidere MLS.jpg\"},{\"Order\":23,\"Remarks\":\"23485 Belvidere MLS.jpg\"},{\"Order\":24,\"Remarks\":\"24485 Belvidere MLS.jpg\"},{\"Order\":25,\"Remarks\":\"25485 Belvidere MLS.jpg\"},{\"Order\":26,\"Remarks\":\"26485 Belvidere MLS.jpg\"},{\"Order\":27,\"Remarks\":\"27485 Belvidere MLS.jpg\"},{\"Order\":28,\"Remarks\":\"28485 Belvidere MLS.jpg\"},{\"Order\":29,\"Remarks\":\"29485 Belvidere MLS.jpg\"},{\"Order\":30,\"Remarks\":\"30485 Belvidere MLS.jpg\"}]","PHOTOORDER":"1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30","SOURCE":"MG_NST"}
{"ListingKey":"NST7832722","NST_AboveGradeSqFtTotal":"3600","AboveGradeFinishedArea":"3600","AccessibilityFeatures":"None","AdditionalParcelsYN":"False","NST_AgentOwner":"Yes","LivingAreaUnits":"Square Feet","NST_AssessmentPending":"Yes","Basement":"Storage Space","BasementYN":"True","BathroomsTotalInteger":"4","BedroomsTotal":"6","NST_BelowGradeSqFtTotal":"1000","BelowGradeFinishedArea":"0","CumulativeDaysOnMarket":"124","CarportSpaces":"0","City":"Saint Paul","NewConstructionYN":"False","Contingency":"None","CountyOrParish":"Ramsey","NST_DPResource":"Yes","Directions":"Highway 52, to east on Concord st, to S Stickeny St, to Belvidere St , property is on the right on a corner lot.","DocumentsCount":"3","DocumentsChangeTimestamp":"2026-05-08T14:01:10.078Z","DaysOnMarket":"0","Electric":"100 Amp Service","ElectricExpense":"0","ExteriorFeatures":"Steel Siding","FoundationArea":"1800","FoundationDetails":"Stone","NST_FractionalOwnershipYN":"No","NST_Fuel":"Electric","FuelExpense":"0","GarageSpaces":"0","GrossIncome":"51396","Heating":"Baseboard","HighSchoolDistrict":"St. Paul","NST_ForeclosureStatus":"No","InsuranceExpense":"3363","InternetAddressDisplayYN":"True","InternetAutomatedValuationDisplayYN":"False","InternetConsumerCommentYN":"False","InternetEntireListingDisplayYN":"True","LandLeaseYN":"False","Latitude":"44.922383","LaundryFeatures":"Other","NST_LenderOwned":"No","Levels":"Two","ListPrice":"425000","ListingContractDate":"2026-03-26T05:00:00Z","ListingId":"NST6823925","LivingArea":"3600","LockBoxType":"Combo","Longitude":"-93.065072","LotSizeArea":"0.112","LotSizeDimensions":"41x120","LotSizeUnits":"Acres","NST_MainLevelFinishedArea":"1800","MaintenanceExpense":"4125","ManagerExpense":"0","NST_IncomeMiscAnn":"2000","NST_NeighborhoodName":"West Side","NST_NeighborhoodNumber":"104","NumberOfUnitsTotal":"4","OperatingExpense":"24132","OriginalEntryTimestamp":"2026-03-26T13:19:39Z","OtherExpense":"3294","NST_OwnerOccupied":"No","OwnerPays":"Hot Water,Insurance,Grounds Care,Repairs,Management,Sewer,Taxes,Trash Collection,Water","ParcelNumber":"092822330009","ParkingFeatures":"Parking Lot","PhotosCount":"30","PhotosChangeTimestamp":"2026-04-16T22:00:26Z","PostalCity":"Saint Paul","PostalCode":"55107","NST_PotentialShortSale":"No","NST_PresentUse":"Yearly","PropertySubType":"Fourplex","PropertyType":"Residential Income","PublicRemarks":"4-plex on St. Paul's West Side. 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The recent turnover cycle is complete; all four units are performing well with no deferred maintenance carried over.\n\nPriced under $500k with a low tax basis, strong occupancy, and cash flow in place. 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