Savvy Avenue
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Street View
$425,000
Monthly Est:$2,115
6 Beds
4 Baths
3,600sqft
485 Belvidere St E, Saint Paul, MN 55107
$425,000
$2,115/moEst:
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Quadruplex
Built in 1893
$-- HOA
0.11 acre lot
$118/sq.ft
Description
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 standard 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.
- Houzeo last checked: 9 hours ago
- Listing updated: September 30, 2026 at 8:22 pm
- Listing Provided by: Nathan Schammel (651) 955-4255 | MRG Realty Partners, LLC (651) 900-4386
- Source: Northstar MLS-MN | MLS#: 6823925
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1893
HOA Fees
-
Finished Area
3,600 sqft
Lot Size
0.11 acre lot
Basement Area
- sqft
MLS Name
Northstar MLS
MLS Number
6823925
Days on Market
211
Cumulative Days on Market
124
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 4
Interior
Heating
Baseboard
Exterior Features
Steel Siding
Sewer
City Sewer/connected
Construction
Year Built
Year Built: 1893
Home type
Quadruplex
Roof
Age Over 8 Years, Asphalt
Foundation Details
Stone
Utilities & Energy
Parking Features
Parking Lot
Electric
100 Amp Service
Basement
Storage Space
Water Source
City Water/connected
Laundry Features
Other
Other Features
Tenant Pays
Electricity, Heat
Subdivision Name
Paul Martins 1st Addition, To
Price History
| Date | Event | Price |
|---|---|---|
06/15/2026 Source: | Price Decreased | $425,000 -5.50% $118/sqft |
05/01/2026 Source: | Listed for Sale | $449,750 -9.87% $125/sqft |
09/16/2025 Source: | Listing Removed | $499,000 $139/sqft |
06/18/2025 Source: | Price Decreased | $499,000 -3.11% $139/sqft |
06/02/2025 Source: | Listed for Sale | $515,000 +21.18% $143/sqft |
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Based on information submitted to the MLS GRID from the REGIONAL MULTIPLE LISTING SERVICE OF MINNESOTA, INC through Oct 23, 2026, 01:31PM. IDX information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Information deemed reliable but not guaranteed. The property data presented reflects information otherwise available from public records. The real estate broker participating in MLS and providing this information may not have represented the buyer or seller in some or all of the transactions. Listings courtesy of Northstar MLS as distributed by MLS GRID. © 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Advertising Broker: Moe Mossa (Savvy Avenue) (612) 490-1268 | Savvy Avenue, LLC
