605 PORTLAND AVE

PID: 012823230107· 2 fields stubbed (see below)

Property Overview

Parcel ID012823230107

Lot Size6,970 sq ft (0.160 ac)

Lot Dimensions (est.)51 ft wide × 135 ft deep

Year Built1911

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerSCOTT M TAPIO TR MARYHELEN J TAPIO TR

Assessed Value$1,006,000

Land Value$200,000

Building Value$806,000

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

2 permits on record since 2015 · $11K total declared value · Most recent: Sep 2023 (building permit)

Building PermitSep 2023Active/Issued

$9K

BRAD NILLES NILLES BUILDERS INC

FenceJul 2015Inspected

$2K

Kealani Caruso PREMIER FENCE 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 rent1,151/mo

Renter-occupied49.5%

Median home value$404K

Vacancy rate10.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 358

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 width41 ft

Buildable depth95 ft

Area~1,004 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 sfr / adu benchmarks for 1,004 sqft buildable area.

Est. units

Yield on cost

2.1%

Spread

-3.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
599 PORTLAND AVE	JANE M MCGRATH	TWO FAMILY DWELLING - UP/DWN	$437,800	50 ft
609 PORTLAND AVE	TOWER PAINT PROTECTOR LLC	APARTMENTS 4-6 RENTAL UNITS	$671,400	52 ft
591 PORTLAND AVE	ERIK JACKSON JULIE C LEBLANC	SINGLE FAMILY DWELLING, PLATTED LOT	$307,100	100 ft
0 PORTLAND AVE	D & B PORTLAND LLC	APARTMENT VACANT LAND	$66,200	113 ft
589 PORTLAND AVE	GRACE ELIZABETH CHANDLER	SINGLE FAMILY DWELLING, PLATTED LOT	$790,600	150 ft
604 HOLLY AVE	JOSEPH M GRUNNET STACY M GRUNNET	APARTMENTS 7-19 RENTAL UNITS	$932,900	161 ft
600 HOLLY AVE	CLAUDIA L FERCELLO	TWO FAMILY DWELLING - UP/DWN	$582,000	168 ft
608 HOLLY AVE	SELBY WILKINS LLLP	APARTMENTS 4-6 RENTAL UNITS	$1,041,900	183 ft
596 HOLLY AVE	THOMAS ANDREW ROBERTSON JESSI ROBERTSON	SINGLE FAMILY DWELLING, PLATTED LOT	$593,300	189 ft
585 PORTLAND AVE	PAUL ZENNER LORRI STEFFEN	SINGLE FAMILY DWELLING, PLATTED LOT	$922,500	200 ft

Property History

Most Recent Sale

Date2023-12-11

Price—

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.