$ 425,000
-
$425,000
Price -
6
Bed -
4
Bath -
3,600
SqFt -
0.11
Acre
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About the Listing 26013 - 506017223,502053059
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.
Listing Highlights
Interior Details
- Bedrooms: 6
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Baseboard,Electric
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 3600
- Basement: Storage Space
- Other:
- Water: City Water/Connected
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 41x120
- Zoning: Residential-Multi-Family
- Roof: Age Over 8 Years,Asphalt
- Others:
- Sewer: City Sewer/Connected
- Parking Features: Parking Lot
Financial Details
- Tax Amount: $1,703
- Taxes w/Assessments: N/A
- Tax/Property ID: 092822330009
- Tax Year: 2026
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
485 Belvidere St E Saint Paul, MN 55107
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