1858 MAGNOLIA AVE E

PID: 262922230006· 2 fields stubbed (see below)

Property Overview

Parcel ID262922230006

Lot Size20,038 sq ft (0.460 ac)

Lot Dimensions (est.)162 ft wide × 124 ft deep

Year Built1969

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerKENTAURUS MAGNOLIA LLC

Assessed Value$1,419,500

Land Value$340,000

Building Value$1,079,500

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

1 permit on record since 2023 · $1K total declared value · Most recent: Apr 2023 (building permit)

Building PermitApr 2023Finaled

$1K

Mr Tim Foster EIG PROPERTY MANAGEMENT

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

Neighborhood Profile

Greater East Side Community Council · Saint Paul

Median reported rent1,148/mo

Renter-occupied52.9%

Median home value$197K

Vacancy rate6.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 318.01

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 width152 ft

Buildable depth84 ft

Area~10,351 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 5-over-1 podium (12–50 units) benchmarks for 10,351 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
1846 MAGNOLIA AVE E	KENTAURUS MAGNOLIA LLC	APARTMENTS 7-19 RENTAL UNITS	$1,006,800	139 ft
1863 MECHANIC AVE	RAYMOND MORQUECHO RACHAEL MORQUECHO	SINGLE FAMILY DWELLING, PLATTED LOT	$284,000	144 ft
1869 MECHANIC AVE	POR LEE KHOUA HER	SINGLE FAMILY DWELLING, PLATTED LOT	$267,900	151 ft
1857 MECHANIC AVE	MA VANG YIA VANG	SINGLE FAMILY DWELLING, PLATTED LOT	$301,200	157 ft
1876 MAGNOLIA AVE E	KENTAURUS MAGNOLIA LLC	APARTMENTS 7-19 RENTAL UNITS	$1,478,700	161 ft
1849 MECHANIC AVE	AELGIFA KEHR MICHAEL KEHR	TWO FAMILY DWELLING - SIDE/SIDE	$269,400	186 ft
1841 MECHANIC AVE	CHENG YANG PA Y LEE	SINGLE FAMILY DWELLING, PLATTED LOT	$246,200	223 ft
1851 MAGNOLIA AVE E	KENTAURUS MAGNOLIA LLC	APARTMENTS 20-49 RENTAL UNITS	$1,930,000	242 ft
1865 MAGNOLIA AVE E	KENTAURUS MAGNOLIA LLC	APARTMENTS 7-19 RENTAL UNITS	$1,468,000	242 ft
1877 MAGNOLIA AVE E	MARICELA ZAMARRON	SINGLE FAMILY DWELLING, PLATTED LOT	$187,300	247 ft

Property History

Most Recent Sale

Date2021-01-08

Price$2,933,650

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.