1. Minnesota
2. Saint Paul
3. 485 Belvidere Street E

485 Belvidere Street E, Saint Paul, MN 55107

• 3,600 sqft

Property Description

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.

Listing Status:

Active

Listing Office:

M2 Real Estate Group Inc. : 651-398-6853

MLS ID:

6721712

Interior

• Basement: Single Tenant Access
• Heating: Radiator(s)

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of M2 Real Estate Group Inc.