501 ASHLAND AVE

PID: 012823230001· 2 fields stubbed (see below)

Property Overview

Parcel ID012823230001

Lot Size8,712 sq ft (0.190 ac)

Lot Dimensions (est.)61 ft wide × 144 ft deep

Year Built1952

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerNCK II LLC

Assessed Value$1,421,100

Land Value$320,000

Building Value$1,101,100

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

5 permits on record since 2016 · $19K total declared value · Most recent: May 2025 (plumbing)

PlumbingMay 2025Inspected

$500

DUANE FARR FARR PLUMBING & HEATING LLC

ElectricalSep 2024Finaled

$2K

Len Reinhardt SUPREME ELECTRIC INC

Building PermitJul 2024Inspected

$10K

Nck Ii Llc

ElectricalMay 2020Finaled

$5K

Len Reinhardt SUPREME ELECTRIC INC

ElectricalJan 2016Finaled

$2K

Len Reinhardt SUPREME ELECTRIC INC

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 width51 ft

Buildable depth104 ft

Area~1,975 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 1,975 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
507 ASHLAND AVE	DAVID STRONG ERIN STRONG	SINGLE FAMILY DWELLING, PLATTED LOT	$686,400	54 ft
515 ASHLAND AVE	SCOTT D ROE	TWO FAMILY DWELLING - UP/DWN	$502,400	104 ft
117 MACKUBIN ST 5	STEVEN J MORSE DEBRA J ELIAS MORSE	CONDO	$326,100	110 ft
117 MACKUBIN ST 1	PHYLLIS MARTINEZ	CONDO	$356,400	110 ft
117 MACKUBIN ST 4	BRENNA LOUFEK	CONDO	$335,800	110 ft
117 MACKUBIN ST 2	MELISSA G PEKAR	CONDO	$329,200	110 ft
117 MACKUBIN ST 9	GREGG EGNASH ELIZABETH ANN EGNASH	CONDO	$128,700	110 ft
117 MACKUBIN ST 6	GEORGI KROUPIN	CONDO	$311,900	110 ft
117 MACKUBIN ST 3	ALEXANDR YOUNG JESSICA ROLLAND	CONDO	$349,300	110 ft
117 MACKUBIN ST 7	SHALINI RAGHAVAN ARVIND RAGHAVAN	CONDO	$326,100	110 ft

Property History

Most Recent Sale

Date2003-10-24

Price$828,100

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.