$5,344 Closing Credit¹
#6721613, Listing Office: Edina Realty, Inc.
$525,000 List price
485 Belvidere St E Saint Paul, MN 55107
$6,234
Closing credit¹
3,600 sqft
$146 / sqft
Multi-Family
Property details
About 485 Belvidere St E
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.
Highlights
Home typeQuadruplex
HeatingRadiant
StatusActive
Size3,600 sqft
BasementYes
Year built1893
ParkingGravel
MLS #6721712
Summary
- Basement: Yes
- Parking: Gravel
- Heating: Radiant
- List Price: $525,000
- Price/SqFt: $145
- Annual Tax Amount: $6,664
- Tax Year: 2024
- Directions: Put address into your favorite maps app. Unit 487-1 is the only unit available for showings at this time. Lockbox is on the inside of the exterior door of units 487. Unit 1 is on the first floor.
- Year Built: 1893
- Living Area: 3,600 SqFt
- MLS Number: 6721712
- MLS Name: NORTHSTAR
- Office Name: M2 Real Estate Group Inc.
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Last updated on: 5/30/2025, 6:22:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$525,000
485 Belvidere St E
$6,234
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 25, 2023 | Home Sold | $425,000 |
| Dec 18, 2019 | Home Sold | $315,000 |
| Aug 29, 2016 | Home Sold | $170,274 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $347,300 | $6,664 |
| 2023 | $331,500 | $6,756 |
| 2022 | $331,500 | $6,414 |
| 2021 | $321,100 | $6,860 |
| 2019 | $309,400 | $6,412 |
| 2018 | $270,500 | $5,698 |
| 2017 | $235,200 | $4,886 |
History based on county public records data.
Nearby schools
3
Riverview West Side School of Excellence
Public Magnet PK-5
0.9 mi
•160 Isabel St E
3
Quantum Steam Academy Charter
Public Charter KG-6
1.2 mi
•497 Humboldt Ave
2
Cherokee Heights Elementary School
Public District PK-5
1.5 mi
•694 Charlton St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $47,800. Typical income of Saint Paul, MN residents is between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
39%
<35k
48%
35k-100k
10%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
37%
Single, No Kids
29%
Single, with Kids
15%
Married, No Kids
19%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
24%
<11 yrs old
11%
12-17 yrs old
27%
18-34 yrs old
31%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Basketball
Horse Races
Where do the neighbors shop?
Burlington
Ross Dress For Less
Stein Mart
Where do the neighbors go to eat?
Church's Chicken
Jasons Deli
LongHorn Steakhouse
What do the neighbors drive?
Chevrolet
Acura
Buick
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
Contemporary Inspirational
All data provided by Home Junction and Claritas
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This home is located at 485 Belvidere St E in Saint Paul, MN and zip code 55107 in the West Side neighborhood. This 3,600 square foot home was built in 1893. Features: 0 bathroom. It has been listed on Rocket Homes since May 15, 2025 and is currently priced at $525,000.
In April 2025, from all listings sold in Saint Paul, MN there were more than 96 sold above asking price, over 58 sold below and more than 31 were sold right at the asked price. Between March and April 2025, Saint Paul, MN real estate market has seen increase in the number of listings by 17.9%. In April 2025, listings were on the market for 30 days. During the same period, the median list price in this real estate market was $296,232.
From Rocket Homes Real Estate and based on county public records data.