509 HOPKINS ST

PID: 322922240033· 2 fields stubbed (see below)

Property Overview

Parcel ID322922240033

Lot Size2,178 sq ft (0.050 ac)

Lot Dimensions (est.)30 ft wide × 72 ft deep

Year Built1879

Property ClassSINGLE FAMILY DWELLING, PLATTED LOT

OwnerRAFID SHAKKHAR

Assessed Value$198,600

Land Value$23,800

Building Value$174,800

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

Payne-Phalen District 5 Planning Council · Saint Paul

Median reported rent1,099/mo

Renter-occupied41.8%

Median home value$190K

Vacancy rate7.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 330

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 width20 ft

Buildable depth52 ft

Area~496 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Potentially Feasible

Back-of-envelope estimate based on sfr / adu benchmarks for 496 sqft buildable area.

Est. units

Yield on cost

6.2%

Spread

+0.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
565 PAYNE AVE	ONION INVESTMENTS LLC	OFFICE BUILDING 1-2 STORIES	$289,500	46 ft
505 HOPKINS ST	TIMOTHY JAMES POWELL	SINGLE FAMILY DWELLING, PLATTED LOT	$206,500	57 ft
573 PAYNE AVE	ONION INVESTMENTS LLC	COMMERCIAL VACANT LAND	$24,000	62 ft
579 PAYNE AVE	VU PROPERTIES LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$209,100	97 ft
501 HOPKINS ST	SHORE ACRES PROPERTIES LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$212,400	99 ft
510 HOPKINS ST	NAO YING VANG PANG HER VANG	TWO FAMILY DWELLING - SIDE/SIDE	$224,500	141 ft
497 HOPKINS ST	CAROLE J PERG LESLEY A PERG	TWO FAMILY DWELLING - UP/DWN	$212,400	147 ft
506 HOPKINS ST	ZIRHUMANA BYAKWELI BRIGITTE BYAKWELI	SINGLE FAMILY DWELLING, PLATTED LOT	$321,900	159 ft
585 PAYNE AVE	GER MOUA	SINGLE FAMILY DWELLING, PLATTED LOT	$212,100	162 ft
563 PAYNE AVE	MIDWEST AVIAN ADOPTION AND RESCUE SVCS	EXEMPT, WELFARE/CHARIT FACILITY	$283,900	179 ft

Property History

Most Recent Sale

Date2025-03-03

Price$198,000

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.