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$ 539,000
Est. payment /mo
New
485 Belvidere ST E Saint Paul, MN 55107
3,600 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $149
Subdivision Paul Martins 1St Addition, To
MLS Listing ID 6721712
Year Built 1893
Annual Tax Amount $1,386
Tax Year 2025
Contingent None
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 125 x 40
Property Sub-Type Quadruplex
Property 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.
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.
Location
State MN
County Ramsey
Rooms
Basement Single Tenant Access
Interior
Heating Radiator(s)
Fireplace No
Exterior
Parking Features Gravel
Building
Story Two
Foundation 1800
Sewer City Sewer - In Street
Water City Water - In Street
Level or Stories Two
Structure Type Vinyl Siding
New Construction false
Schools
School District St. Paul
Listed by Charles Bird • M2 Real Estate Group Inc.