4-Unit Multifamily
485 Belvidere St E, Saint Paul, MN 55107
For Sale
Contact for pricing
Residents pay gas and electric; ownership covers water, sewer, and trash service.
Property Size2,950 SF
Price / SF$144.07
Days on Market40
Property Features for 485 Belvidere St E
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Tenant in Place
Listing Agency:
MRG Realty Partners
Listed By:
Zachary Burnside · License MN #40849122
(612) 865-0080
Source:
Crexi
Added: Oct 2
Changed: Nov 9
Last Checked: Nov 9 at 1:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MRG Realty Partners
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit residential property contains 2,950 square feet, with two 2-bedroom/1-bathroom apartments and two 1-bedroom/1-bathroom apartments. All units are leased, with lease terms running from mid-2026 to mid-2027. Two apartments were re-leased in mid-2025 at higher rents, and the latest turnover cycle is complete. No deferred maintenance remains. Residents pay gas and electric, while ownership pays water, sewer, and trash costs.
The property participates in Saint Paul’s 4d Affordable Housing Incentive Program. Its covenant transfers with the property and provides for up to an 80% reduction in property tax class rates. The setting is near parks, restaurants, and transit, with access to downtown, West Side Flats, and District del Sol.
The property participates in Saint Paul’s 4d Affordable Housing Incentive Program. Its covenant transfers with the property and provides for up to an 80% reduction in property tax class rates. The setting is near parks, restaurants, and transit, with access to downtown, West Side Flats, and District del Sol.
Key Highlights
- Four apartments total 2,950 square feet
- Two 2‑bedroom/1‑bathroom units and two 1‑bedroom/1‑bathroom units
- All four units have leases extending from mid‑2026 through mid‑2027
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
Explore this area
Business Placement
Demographics for 55107, MN
15,383
Population
6,063
Households
2.5
Avg Household Size
34
Median Age
31%
College-Educated
89%
High-School Grad
4.1 sq mi
ZIP Area
3,752
Density / Sq Mi
$78,125
Median Household Income
$46,197
Median Earnings
$1,335
Median Rent
$259,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Quadplexes in Saint Paul, MN
Properties on Market for Quadplexes in Saint Paul
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Residents pay gas and electric; ownership covers water, sewer, and trash service.
Where is this quadplex located?
The property is located at 485 Belvidere St E Saint Paul, MN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Four apartments total 2,950 square feet; Two 2‑bedroom/1‑bathroom units and two 1‑bedroom/1‑bathroom units; All four units have leases extending from mid‑2026 through mid‑2027
