262 MARSHALL AVE

PID: 012823120004· 2 fields stubbed (see below)

Property Overview

Parcel ID012823120004

Lot Size6,534 sq ft (0.150 ac)

Lot Dimensions (est.)60 ft wide × 108 ft deep

Year Built1924

Property ClassAPARTMENTS 4-6 RENTAL UNITS

Owner262 MARSHALL PARTNERSHIP

Assessed Value$643,100

Land Value$100,000

Building Value$543,100

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Saint Paul 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Saint Paul — 4d Affordable Housing Incentive ↗

Potential programs

Saint Paul STAR Grants & LoansMedium

Saint Paul's Sales Tax Revitalization (STAR) program provides grants and loans for commercial, mixed-use, and neighborhood improvement projects. Applications accepted annually.

Saint Paul — STAR Program ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Saint Paul open data for this parcel.

Neighborhood Profile

Summit-University Planning Council · Saint Paul

Median reported rent1,124/mo

Renter-occupied61.5%

Median home value$295K

Vacancy rate5.4%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 340

Zoning

RM2Medium-Density Multiple-Family Residential

Multi-family Residential 2 — medium-intensity apartment (5 stories max)

Typical Uses

·Mid-rise apartments
·Condominiums
·Assisted living
·Nursing homes

Max Height50 ft

Min Setbacks

Front

25 ft

Side

9 ft

Rear

25 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width50 ft

Buildable depth68 ft

Area~1,365 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 1,365 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
256 MARSHALL AVE	CASEY CAPITAL III LLC	APARTMENTS 7-19 RENTAL UNITS	$1,026,300	60 ft
250 MARSHALL AVE	GRAND AVE PORTFOLIO LLC	APARTMENTS 7-19 RENTAL UNITS	$780,400	115 ft
265 DAYTON AVE S	2655 LLC	APARTMENTS 20-49 RENTAL UNITS	$2,484,100	121 ft
259 DAYTON AVE	AMETHYST PORTLAND, LLC	APARTMENTS 4-6 RENTAL UNITS	$698,400	129 ft
273 DAYTON AVE	ANTHONY REAL EST HOLDINGS LLC	APARTMENTS 7-19 RENTAL UNITS	$670,500	165 ft
268 MARSHALL AVE	CATHOLIC CHARITIES OF ARCHDIOCESE	EXEMPT, WELFARE/CHARIT FACILITY	$2,848,700	180 ft
251 DAYTON AVE	ALIDA PURMALIETIS	SINGLE FAMILY W/ACCESSORY UNIT	$421,600	188 ft
0 DAYTON AVE	ANTHONY REAL EST HOLDINGS LLC	APARTMENT VACANT LAND	$5,900	192 ft
0 MARSHALL AVE	STATE OF MINNESOTA	EXEMPT, VACANT LAND	$725,300	197 ft
244 MARSHALL AVE 1	FREDERICK MATTHEW KRAMER	CONDO	$259,300	207 ft

Stub notice: The following fields could not be fetched from live sources and are shown as "—": taxHistory, taxAmount. See README for details on which sources are live vs. stubbed.