1312 ALBEMARLE ST

PID: 242923440021· 2 fields stubbed (see below)

Property Overview

Parcel ID242923440021

Lot Size4,792 sq ft (0.110 ac)

Lot Dimensions (est.)40 ft wide × 39 ft deep

Year Built1925

Property ClassSINGLE FAMILY DWELLING, PLATTED LOT

OwnerBRIAN J NERZ BRIAN J NERZ

Assessed Value$226,500

Land Value$25,000

Building Value$201,500

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

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 ↗

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

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

North End Neighborhood Organization · Saint Paul

Median reported rent1,151/mo

Renter-occupied31.1%

Median home value$200K

Vacancy rate8.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 308

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 width30 ft

Buildable depth19 ft

Area~2,048 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 2,048 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
1308 ALBEMARLE ST	LASALLE B RANSOM JR	SINGLE FAMILY DWELLING, PLATTED LOT	$219,500	40 ft
1322 ALBEMARLE ST	CHRISTINA M SCHOLL SHARON B ROSENBERG	SINGLE FAMILY DWELLING, PLATTED LOT	$236,700	55 ft
1304 ALBEMARLE ST	ANGELA H HUGHES HAVIK HOLTE	SINGLE FAMILY DWELLING, PLATTED LOT	$262,600	80 ft
1326 ALBEMARLE ST	KHAI HONG LIM SHU PING TEOH	SINGLE FAMILY DWELLING, PLATTED LOT	$196,500	106 ft
1300 ALBEMARLE ST	KATHLEEN SALADIN	SINGLE FAMILY DWELLING, PLATTED LOT	$180,500	120 ft
166 IVY AVE W	MANN PHEN VANNA NONG	SINGLE FAMILY DWELLING, PLATTED LOT	$229,800	139 ft
0 RICE ST	IVY RICE LLC	COMMERCIAL VACANT LAND	$35,800	145 ft
0 RICE ST	IVY RICE LLC	COMMERCIAL VACANT LAND	$35,800	151 ft
1294 ALBEMARLE ST	MATTHEW A HOPKINS JR	SINGLE FAMILY DWELLING, PLATTED LOT	$237,400	160 ft
1295 RICE ST	NEW HORIZON REAL ESTATE DEV	DAYCARE CENTER	$1,030,900	163 ft

Property History

Most Recent Sale

Date2003-12-12

Price$141,100

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.