506 SHERBURNE AVE

PID: 362923230262· 2 fields stubbed (see below)

Property Overview

Parcel ID362923230262

Lot Size4,792 sq ft (0.110 ac)

Lot Dimensions (est.)40 ft wide × 119 ft deep

Year Built1889

Property ClassSINGLE FAMILY DWELLING, PLATTED LOT

OwnerCOLTON WERNER

Assessed Value$168,300

Land Value$25,000

Building Value$143,300

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

Frogtown Neighborhood Association · Saint Paul

Median reported rent1,185/mo

Renter-occupied47.6%

Median home value$154K

Vacancy rate14.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 326

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 depth99 ft

Area~2,062 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 2,062 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
508 SHERBURNE AVE	BINH KIM HO THIEN VAN TRAN	SINGLE FAMILY DWELLING, PLATTED LOT	$194,400	40 ft
500 SHERBURNE AVE	EVEY PROPERTIES INC	APARTMENTS 4-6 RENTAL UNITS	$678,500	40 ft
514 SHERBURNE AVE	MINNESOTA LG	SINGLE FAMILY DWELLING, PLATTED LOT	$164,700	80 ft
518 SHERBURNE AVE	ALISSA K RUTHERFORD	SINGLE FAMILY DWELLING, PLATTED LOT	$198,100	120 ft
507 UNIVERSITY AVE W	SAMANTHA HO CAO	MANUFACTURING AND ASSEMBLY LIGHT	$476,200	129 ft
509 UNIVERSITY AVE W	MARK C POLSKI TR	SMALL (UNDER 10,000 SF) DET. RETAIL	$533,400	135 ft
501 UNIVERSITY AVE W	5-6 HLS LLC	RESTAURANT AND/OR BAR	$670,500	135 ft
522 SHERBURNE AVE	QUALITY RESIDENCES LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$163,600	160 ft
507 SHERBURNE AVE	ALEJANDRO MERINO CRISTINA MERINO	SINGLE FAMILY DWELLING, PLATTED LOT	$211,600	190 ft
501 SHERBURNE AVE	MELISSA BECERRA	SINGLE FAMILY DWELLING, PLATTED LOT	$233,800	194 ft

Property History

Most Recent Sale

Date2023-06-22

Price$170,000

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.