1079 ALBEMARLE ST

PID: 252923140011· 2 fields stubbed (see below)

Property Overview

Parcel ID252923140011

Lot Size4,792 sq ft (0.110 ac)

Lot Dimensions (est.)40 ft wide × 38 ft deep

Year Built1978

Property ClassSINGLE FAMILY DWELLING, PLATTED LOT

OwnerFONG VANG

Assessed Value$213,800

Land Value$25,000

Building Value$188,800

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

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 depth18 ft

Area~2,085 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 2,085 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1073 ALBEMARLE ST	ANTONIO F LOPEZ	APARTMENTS 4-6 RENTAL UNITS	$344,000	40 ft
1083 ALBEMARLE ST	ANTONIO F LOPEZ	TWO FAMILY DWELLING - UP/DWN	$286,700	40 ft
1089 ALBEMARLE ST	BRENDA Y XIONG	SINGLE FAMILY DWELLING, PLATTED LOT	$212,800	80 ft
1069 ALBEMARLE ST	BRITNE LONGTINE	SINGLE FAMILY DWELLING, PLATTED LOT	$260,800	80 ft
1091 ALBEMARLE ST	PERLA F DENNY	SINGLE FAMILY DWELLING, PLATTED LOT	$196,800	120 ft
1063 ALBEMARLE ST	NILUFER FERRIN	SINGLE FAMILY DWELLING, PLATTED LOT	$313,700	135 ft
1080 WOODBRIDGE ST	BENJAMIN L LINDOW	SINGLE FAMILY DWELLING, PLATTED LOT	$188,600	145 ft
1084 WOODBRIDGE ST	RAELENE CASWELL	SINGLE FAMILY DWELLING, PLATTED LOT	$241,600	150 ft
1076 WOODBRIDGE ST	DIANE M PURVIS MARK T PURVIS	SINGLE FAMILY DWELLING, PLATTED LOT	$194,800	150 ft
1068 WOODBRIDGE ST	ALOYSIUS POSILLICO COLIN CANEFF	TWO FAMILY DWELLING - UP/DWN	$260,400	165 ft

Property History

Most Recent Sale

Date2003-01-17

Price$164,500

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.