502 Bellows St

About this property

Affordable opportunity on St Pauls West Side offering flexibility for owner-occupants, investors, or future redevelopment plans. This small single-family home is located in a quiet residential neighborhood and presents an excellent option as a starter home, rental property, or long-term investment opportunity. Currently tenant-occupied, the property provides immediate income potential while allowing future ownership the flexibility to continue operating as a rental or pursue their own vision for the site. The manageable size and simple layout make for easy maintenance and lower operating complexity. Potential redevelopment opportunity adds additional long-term upside in an evolving neighborhood with convenient access to downtown St Paul, parks, and local amenities. Utilities are currently partially owner-paid, with ownership implementing a RUBS utility reimbursement program across the portfolio beginning Q3 2026 where applicable. Future ownership may have opportunities to improve operational efficiency and long-term property performance.