1743 THOMAS AVE 3

PID: 332923120102· 2 fields stubbed (see below)

Property Overview

Parcel ID332923120102

Lot Size6,970 sq ft (0.160 ac)

Lot Dimensions (est.)57 ft wide × 122 ft deep

Year Built1958

Property ClassAPARTMENTS 7-19 RENTAL UNITS

OwnerGODLAND GROUP, LLC

Assessed Value$569,300

Land Value$140,000

Building Value$429,300

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 2015 · $7K total declared value · Most recent: Oct 2020 (electrical)

ElectricalOct 2020Inspected

$5K

KEVIN WAGNER LIGHTNING ELECTRIC LLC

ElectricalOct 2015Finaled

$2K

LIGHTNING ELECTRIC LLC

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

Neighborhood Profile

Hamline Midway Coalition · Saint Paul

Median reported rent989/mo

Renter-occupied29.8%

Median home value$261K

Vacancy rate1.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 320

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 width47 ft

Buildable depth82 ft

Area~1,367 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 1,367 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
1737 THOMAS AVE	GODLAND GROUP, LLC	APARTMENTS 7-19 RENTAL UNITS	$569,300	57 ft
1749 THOMAS AVE	NEW VERTICALS DEVELOPMENT LLC	APARTMENTS 7-19 RENTAL UNITS	$621,800	66 ft
1731 THOMAS AVE	GODLAND GROUP, LLC	APARTMENTS 7-19 RENTAL UNITS	$569,300	114 ft
1742 LAFOND AVE	HESTER L MAY	SINGLE FAMILY DWELLING, PLATTED LOT	$202,000	141 ft
1757 THOMAS AVE	LAKESTONE PROPERTIES LLC	APARTMENTS 7-19 RENTAL UNITS	$1,026,900	142 ft
1738 LAFOND AVE	KENNETH NIX SAMANTHA JEAN FERGUSON	SINGLE FAMILY DWELLING, PLATTED LOT	$395,700	143 ft
1746 LAFOND AVE	ROSEMARY E OBRIEN	SINGLE FAMILY DWELLING, PLATTED LOT	$297,600	148 ft
1734 LAFOND AVE	LACEY ROBERTSON MATHEW STUKEL	SINGLE FAMILY DWELLING, PLATTED LOT	$299,300	155 ft
1750 LAFOND AVE	STEVEN J HIEBERT	SINGLE FAMILY DWELLING, PLATTED LOT	$232,100	164 ft
1725 THOMAS AVE	GODLAND GROUP, LLC	APARTMENTS 7-19 RENTAL UNITS	$569,300	170 ft

Property History

Most Recent Sale

Date2025-06-18

Price$1,484,000

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.