386 AURORA AVE

PID: 362923310044· 2 fields stubbed (see below)

Property Overview

Parcel ID362923310044

Lot Size13,068 sq ft (0.300 ac)

Lot Dimensions (est.)167 ft wide × 79 ft deep

Year Built1980

Property ClassSINGLE FAMILY DWELLING, PLATTED LOT

OwnerCATHERINE D KING

Assessed Value$366,500

Land Value$58,800

Building Value$307,700

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

Summit-University Planning Council · Saint Paul

Median reported rent820/mo

Renter-occupied80.4%

Median home value$293K

Vacancy rate3.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 336

Zoning

RM1Low-Density Multiple-Family Residential

Multi-family Residential 1 — low-intensity apartment (3 stories max)

Typical Uses

·Apartment buildings
·Condominiums
·Townhomes

Max Height40 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 width157 ft

Buildable depth39 ft

Area~4,387 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 3-story wood frame (5–12 units) benchmarks for 4,387 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
392 AURORA AVE	MARGARET B LAFLEUR TR	SINGLE FAMILY DWELLING, PLATTED LOT	$281,000	94 ft
0 WESTERN AVE N	BRIAN NGUYEN	RESIDENTIAL, VACANT LAND, LOT	$55,400	95 ft
429 WESTERN AVE N	BRENDA J STARR TR	SINGLE FAMILY DWELLING, PLATTED LOT	$298,600	119 ft
435 WESTERN AVE N	BRIAN NGUYEN	SINGLE FAMILY DWELLING, PLATTED LOT	$237,400	166 ft
0 AURORA AVE	LONG CHENG PLAZA LLC	EXEMPT, VACANT LAND	$354,000	177 ft
400 AURORA AVE	LUCIUS A ANDERSON	SINGLE FAMILY DWELLING, PLATTED LOT	$261,300	181 ft
0 AURORA AVE	LONG CHENG PLAZA LLC	EXEMPT, VACANT LAND	$61,200	184 ft
383 AURORA AVE	LONG CHENG PLAZA LLC	EXEMPT, VACANT LAND	$112,800	186 ft
404 AURORA AVE	JACOB CROONENBERGHS	SINGLE FAMILY DWELLING, PLATTED LOT	$349,800	186 ft
408 AURORA AVE	BIRCH HANSEN	SINGLE FAMILY DWELLING, PLATTED LOT	$361,200	205 ft

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.