1508 PORTLAND AVE

PID: 032823230066· 2 fields stubbed (see below)

Property Overview

Parcel ID032823230066

Lot Size15,246 sq ft (0.350 ac)

Lot Dimensions (est.)126 ft wide × 121 ft deep

Year Built1918

Property ClassAPARTMENT MISC IMPROVEMENT

OwnerNEW CASTLE LLC

Assessed Value$127,700

Land Value$106,200

Building Value$21,500

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

Union Park District Council · Saint Paul

Median reported rent1,154/mo

Renter-occupied43.2%

Median home value$467K

Vacancy rate9.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 352

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 width116 ft

Buildable depth81 ft

Area~6,885 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 3-story wood frame (5–12 units) benchmarks for 6,885 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1514 PORTLAND AVE	NEW CASTLE LLC	APARTMENTS 4-6 RENTAL UNITS	$982,800	86 ft
22 SARATOGA ST N	GWYNNE EVANS	SINGLE FAMILY DWELLING, PLATTED LOT	$399,100	89 ft
1500 PORTLAND AVE	CRAIG R MILLER ROBERT J MILLER	APARTMENTS 4-6 RENTAL UNITS	$557,500	128 ft
1522 PORTLAND AVE	VINTAGE PORTLAND LLC	APARTMENTS 20-49 RENTAL UNITS	$5,748,900	192 ft
1493 SUMMIT AVE	JOSEPHINE M OGARA STEPHEN HUDDLESTON	SINGLE FAMILY DWELLING, PLATTED LOT	$1,291,400	193 ft
1515 SUMMIT AVE	ROBERT DAVIES DALE DAVIES	SINGLE FAMILY DWELLING, PLATTED LOT	$999,300	199 ft
1507 SUMMIT AVE	THE COLEMAN FAILY TRUST	TWO FAMILY DWELLING - UP/DWN	$850,200	205 ft
1492 PORTLAND AVE 2	CLYDE CUTTING ANDREA CUTTING	APARTMENTS 4-6 RENTAL UNITS	$939,500	217 ft
1501 SUMMIT AVE	LAWRENCE D COLEMAN TR DENISE A COLEMAN TR	SHORT TERM RENTAL	$813,800	221 ft
1525 SUMMIT AVE	SIMON JAMES KENNEDY KATHRYN D KENNEDY	SINGLE FAMILY DWELLING, PLATTED LOT	$1,330,200	229 ft

Property History

Most Recent Sale

Date2019-09-11

Price$617,500

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.