Listed By
Agency Name: MRG Realty Partners, LLC
Agency Phone: 651-900-4386
Shown By
Agent Name: Douglas Salsberg
Agent Phone: (612) 986-4688
Agency Title: Counselor Realty
Property Description
Fully occupied 4-plex on St. Paul's West Side. 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. Contact the listing agents for program details, rent/income limits, and recertification requirements.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 $500k with a low tax basis, strong occupancy, and cash flow in place. This is a rare combination to find in St. Paul's current market. Reach out to the listing agents for financials and showing availability.
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485 Belvidere Street E, Saint Paul, MN 55107
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$ 2,808.61 per month $2,528.15 Principal & Interest $141.92 Property Tax $138.54 Homeowner's InsuranceChange Payment Information
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485 Belvidere Street E, Saint Paul, MN 55107
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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.
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485 Belvidere Street E | MLS# 6823925
This multi-family property located at 485 Belvidere Street E, Saint Paul, MN 55107 is currently listed for sale with an asking price of $475,000. Belvidere Street E is located within the St. Paul school district. Search Saint Paul real estate on www.resoluterealtor.com today.