255 COLBORNE ST

PID: 122823210110· 2 fields stubbed (see below)

Property Overview

Parcel ID122823210110

Lot Size16,117 sq ft (0.370 ac)

Lot Dimensions (est.)124 ft wide × 130 ft deep

Year Built1970

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerMORRIS PROPERTIES LEGACY LLC

Assessed Value$586,100

Land Value$160,000

Building Value$426,100

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

2 permits on record since 2020 · $14K total declared value · Most recent: Jul 2024 (building permit)

Building PermitJul 2024Finaled

$14K

MANNYS O CONSTRUCTION

ElectricalOct 2020Finaled

$200

Jason Morrison GOLDSTAR ELECTRIC INC

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

Neighborhood Profile

West 7th St / Fort Road Federation · Saint Paul

Median reported rent1,380/mo

Renter-occupied50.6%

Median home value$234K

Vacancy rate7.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 369

Zoning

H2Residential

Residential — medium-density multi-unit housing (up to 5 units)

Typical Uses

·Apartment buildings (up to 5 units)
·Duplexes
·Townhomes

Max Height39 ft

Min Setbacks

Front

10 ft

Side

5 ft

Rear

10 ft

Development Potential

Setbacks

Front10 ft

Side (each)5 ft

Rear10 ft

Estimated Buildable Footprint

Buildable width114 ft

Buildable depth110 ft

Area~11,509 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 11,509 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
245 COLBORNE ST	HENNEPIN RP FUNDING LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$251,700	87 ft
263 COLBORNE ST	LBP 263, LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$171,200	91 ft
241 COLBORNE ST	PAUL HESS	SINGLE FAMILY DWELLING, PLATTED LOT	$227,800	124 ft
254 DUKE ST	JENNIFER MASON	SINGLE FAMILY DWELLING, PLATTED LOT	$226,200	125 ft
250 DUKE ST	MICHELLE M JENSEN	SINGLE FAMILY DWELLING, PLATTED LOT	$327,100	132 ft
260 DUKE ST	HADEN O HAUSKEN	SINGLE FAMILY DWELLING, PLATTED LOT	$290,700	134 ft
248 DUKE ST	CHRISTINE M BARKDULL	SINGLE FAMILY DWELLING, PLATTED LOT	$201,200	152 ft
264 DUKE ST	JOHNATHAN GAVIN TR	SINGLE FAMILY DWELLING, PLATTED LOT	$219,100	157 ft
271 COLBORNE ST	HELEN M KNOEDL MARY ANN J HOFFMANN	SINGLE FAMILY DWELLING, PLATTED LOT	$262,400	163 ft
480 ST CLAIR AVE	ROBERT L SMITH III	SINGLE FAMILY DWELLING, PLATTED LOT	$237,800	176 ft

Property History

Most Recent Sale

Date2020-07-10

Price$667,500

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.