485 Belvidere Street ESaint Paul, MN 55107
$425,000
6 bedrooms · 4 bathrooms · 3,600 finished sq ft · 0.112 acre lot
About this home
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.
Home facts
- Home type
- Townhome
- Style
- Quadruplex
- Year built
- 1893
- Bedrooms
- 6
- Bathrooms
- 4
- Finished sq ft
- 3,600
- Lot
- 0.112 acres
- Basement
- Storage Space
- Heating
- Electric, Baseboard
- Property taxes
- $1,703 a year
- Listed
- March 26, 2026
- MLS number
- 6823925
Listing courtesy of MRG Realty Partners, LLC (Nathan Schammel). MLS #6823925.
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How it compares
485 Belvidere Street E, Saint Paul, MN 55107 is a 6-bedroom townhome built in 1893 in West Side, listed for $425,000 on March 26, 2026 by MRG Realty Partners, LLC. That is in the lower quarter of the 23 townhomes for sale in Saint Paul right now (median $525,000; $118 per square foot here against $160 for the group). That works out to $118 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 10:01 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Saint Paul community guideSchools, commutes, parks, home values and local stories.
- West Side, Saint PaulThe neighborhood guide: homes, history, parks and market numbers.
- Saint Paul housing market, September 2026Homes sold for a median $300,000 over 12 months (0.0%), 48 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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