124 DALE ST N

PID: 012823220216· 2 fields stubbed (see below)

Property Overview

Parcel ID012823220216

Lot Size7,405 sq ft (0.170 ac)

Lot Dimensions (est.)72 ft wide × 103 ft deep

Year Built1908

Property ClassAPARTMENTS 4-6 RENTAL UNITS

OwnerRICHARD PEARCE

Assessed Value$544,400

Land Value$80,000

Building Value$464,400

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

2 permits on record since 2019 · $20K total declared value · Most recent: Jul 2020 (electrical)

ElectricalJul 2020Finaled

$500

Richard Pearce

Building PermitOct 2019Active/Issued

$19K

Richard Pearce

Source: Saint Paul open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Summit-University Planning Council · Saint Paul

Median reported rent1,172/mo

Renter-occupied59.0%

Median home value$399K

Vacancy rate4.4%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 355

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 width62 ft

Buildable depth63 ft

Area~1,937 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 1,937 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
610 LAUREL AVE	JOEL D NAGEL KATHRYN A NAGEL	SINGLE FAMILY DWELLING, PLATTED LOT	$410,900	59 ft
118 DALE ST N	TRAI NGUYEN	TWO FAMILY DWELLING - UP/DWN	$293,600	72 ft
606 LAUREL AVE	DAVID S PRESTON	SINGLE FAMILY DWELLING, PLATTED LOT	$618,400	98 ft
602 LAUREL AVE	TERRY J JONES DEBORAH K JONES	SINGLE FAMILY DWELLING, PLATTED LOT	$619,800	137 ft
623 LAUREL AVE	623 PERGOLA LLC	APARTMENTS 7-19 RENTAL UNITS	$1,931,800	158 ft
600 LAUREL AVE	RACHEL HUNDT BRANDON HUNDT	SINGLE FAMILY DWELLING, PLATTED LOT	$528,400	176 ft
104 DALE ST N	BEATRICHE D PETKOVA	SINGLE FAMILY DWELLING, PLATTED LOT	$355,100	179 ft
0 LAUREL AVE	HUPP HOLDINGS III LLC	APARTMENTS 4-6 RENTAL UNITS	$1,028,800	205 ft
613 LAUREL AVE	MARCUS DANIEL HAUG SAMUEL CARL LENHART	SINGLE FAMILY DWELLING, PLATTED LOT	$432,100	205 ft
609 LAUREL AVE	DONALD K HANSON	TWO FAMILY DWELLING - UP/DWN	$522,500	215 ft

Property History

Most Recent Sale

Date2007-03-28

Price$360,000

Type—

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.